Beauty product retail sales value in Hong Kong 2019-2028

Published by
Yihan Ma,
Dec 20, 2024

In 2023, the total retail sales value of cosmetics and skincare products in Hong Kong reached 28.9 billion Hong Kong dollars. The market has recovered rapidly from the COVID-19 pandemic, but not yet to the level in 2019. However, it was expected that the government's efforts to attract tourists would further revitalize the market, driving the retail sales of beauty products to a value of over 58 billion Hong Kong dollars by 2028.

Total retail sales value of cosmetics and skincare products in Hong Kong from 2019 to 2023, with estimates until 2028 (in billion Hong Kong dollars)

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Release date

December 2024

Region

Hong Kong

Survey time period

2019 to 2023

Supplementary notes

*Estimate.

One Hong Kong dollar equals about 0.13 U.S. dollars and 0.12 euros (as of December 2024).

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