This statistic shows the annual growth rate of the global cosmetics market from 2004 to 2024. In 2024, the global cosmetics market grew by an estimated 4.5 percent compared to the previous year. Global cosmetics market Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations. The global cosmetics industry is broken down into six main categories; skin care being the largest one out of them all, accounting for about 40 percent of the global market in 2024. In recent years, consumers have been spending higher levels of disposable income on cosmetics than they had in the past. Unfortunately, the global financial crisis has put a damper on the market and during those years, more affordably priced merchandise and do it yourself at home products were key in the beauty market. However, in recent years as Generation Y and Generation Z have really entered the job market, they have become a big driver of the cosmetics market; especially in the United States. The United States is one of the biggest cosmetic markets in the world, with an estimated total revenue of about 101 billion U.S. dollars as of 2024. Outlook: the future for beauty companies In the coming years, global cosmetic companies will continue to focus their efforts on product innovation, as well as brand values and responsibilities, in order to attract new consumers and keep existing consumers loyal to specific brands.
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The report covers Global Cosmetics Market Online Sales Statistics & Forecast and is segmented by Type (Facial Cosmetics, Eye Cosmetics, Lip Cosmetics, and Nail Cosmetics); Category (Mass and Premium); Distribution Channel (Company Website and Retail Website); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa).
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According to Cognitive Market Research, the global Cosmetics and Beauty market size is USD 268815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 107526.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 80644.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 61827.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 13440.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 5376.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
The mass products held the highest Cosmetics and Beauty market revenue share in 2024.
Key Drivers of Cosmetics and Beauty Market
Growing Demand for Natural and Organic Products to Increase the Demand Globally
One key driver in the cosmetics and beauty market is the increasing demand for natural and organic products. Consumers are becoming more conscious about the ingredients used in their skincare and beauty products, preferring those derived from natural sources and free from harmful chemicals. This shift in consumer preferences is driven by growing awareness about the potential health risks associated with synthetic ingredients and a desire for sustainable and eco-friendly options. As a result, cosmetic companies are innovating and formulating products with plant-based ingredients, essential oils, and organic extracts to meet this demand. The rise of clean beauty trends and the focus on transparency in ingredient sourcing further accelerate the growth of natural and organic cosmetics in the market.
Influence of Social Media and Digital Marketing to Propel Market Growth
Another key driver shaping the cosmetics and beauty market is the influence of social media and digital marketing. Platforms like Instagram, YouTube, and TikTok have transformed the way consumers discover, research, and purchase beauty products. Beauty influencers and makeup artists leverage their online presence to showcase product reviews, tutorials, and makeup looks, effectively reaching a wide audience of beauty enthusiasts. This digital landscape has created a highly visual and interactive shopping experience, where consumers can explore trends, seek inspiration, and engage with brands directly. As a result, cosmetic companies invest heavily in digital marketing strategies, including influencer collaborations, sponsored content, and targeted advertising, to stay relevant and competitive in the ever-evolving beauty industry.
Restraint Factors of Cosmetics and Beauty Market
Regulatory Challenges and Compliance to Limit the Sales
One of the key restraints in the cosmetics and beauty market is the regulatory challenges and compliance requirements. Cosmetic products are subject to stringent regulations imposed by various regulatory bodies to ensure consumer safety and product efficacy. Compliance with these regulations often involves extensive testing, documentation, and approval processes, which can be time-consuming and costly for cosmetic companies. Additionally, regulatory requirements may vary across different regions and countries, adding complexity to the product development and distribution process. Non-compliance with regulatory standards can result in fines, product recalls, and damage to brand reputation. Therefore, navigating the regulatory landscape while ensuring compliance poses a significant challenge for cosmetic manufacturers and may restrain market growth, especially for smaller businesses with limited resource.
Impact of Covid-19 on the Cosmetics and Beauty Market
The Covid-19 pandemic has had a profound impact on the cosmetics and beauty market, causing disruptions across the entire industry. Lockdown measures, social distancing protocols, and temporary closures of non-essential businesses significantly impacted consumer behavior and purchasing patterns. With people spe...
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The Report Covers Global Cosmetic Products Market Manufacturers & Industry Share and It is Segmented by Product Type (Facial Make-Up Products, Eye Make-Up Products, Lip Make-Up Products, and Nail Make-Up Products); by Category (Mass and Premium); by Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Pharmacies and Drug Stores, Online Retail Stores, and Other Distribution Channels); and by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers Market Size and Values in (USD Million) During the Forecasted Years for the Above Segments.
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According to Cognitive Market Research, The Global Luxury Cosmetics market size is USD 50.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The demand for Luxury Cosmetics products is rising due to the increased desire for high-quality and premium-based beauty and personal care goods are the primary drivers of such product demand.
Demand for females remains higher in the Luxury Cosmetics product market.
The skincare category held the highest Luxury Cosmetics product market revenue share in 2023.
North American Luxury Cosmetics will continue to lead, whereas the European Luxury Cosmetics product market will experience the most substantial growth until 2030.
Consumer Demand for Premium Products to Provide Viable Market Output
Premium items evoke feelings of exclusivity and prestige. Luxury cosmetics are one example of a product that attracts customers by exuding grandeur and refinement. People who purchase and use high-end cosmetics may feel pampered and distinguished, boosting their self-esteem and social standing. Premium items usually tout their superior performance and quality. This translates into luxury cosmetics formulations strengthened with premium ingredients and cutting-edge technology. Customers want these things because they expect better results, such as smoother skin, longer-lasting cosmetics, or more radiant appearances. The premium market caters to specific consumer pleasure and self-care desires.
Rising Disposable Income to Propel Market Growth
Rising disposable income is a critical issue that has a significant impact on many businesses, including the luxury cosmetics market. This driver is based on the basic idea that as individuals' and households' disposable income, or money available for spending after taxes and essential expenses, increases, they are more likely to allocate a portion of it to discretionary and premium purchases, such as upscale cosmetics. With increased disposable income, customers usually desire to improve their overall quality of life and well-being, including spending on self-care and cosmetics. Luxury cosmetics, which are noted for their superior quality and unique appeal, are appealing to people with higher incomes.
Growth of Social Media is driving the birth of Fashion Influencers which in turn is boosting market demand
Market Dynamics of the Luxury Cosmetics
Changing Product Preference to Restrict Market Growth
Consumer tastes are drastically limiting the market for premium cosmetics. Consumer desires and expectations shift in tandem with societal standards and notions of beauty. One essential component is the increased emphasis on sustainable and clean beauty. Consumers are paying more attention to the contents of their skincare and cosmetic products, preferring formulas that are cruelty-free and free of potentially harmful compounds. As a result of this shift in consumer desire, niche, clean beauty brands that offer alternatives to traditional luxury cosmetics have increased in popularity. Furthermore, the trend toward simplicity and minimalism in cosmetic regimes has gained traction. Many consumers today place a high value on things that serve several roles and have visible benefits, making them less likely to spend money on a wide range of luxury cosmetics.
Impact of COVID–19 on the Luxury Cosmetics Product Market
COVID-19 has a significant impact on the market for Luxury Cosmetics Products. Demand fell sharply in the early stages of the epidemic as people cut back on non-essential purchases and retail stores closed. Travel restrictions also impacted duty-free sales, an important avenue for luxury cosmetics. As the epidemic progressed, however, there was a noticeable shift toward e-commerce and online beauty buying, with customers seeking self-care and indulgence. Luxury brands responded by improving their web presence and providing virtual consultations. As people spent more time at home, the industry witnessed a growing emphasis on skincare and wellness items. Overall, the Luxury Cosmetics Product industry showed resiliency, with online sales emphasizing self-care, driving recovery and future growth. Introduction of The Luxury Cosmetics Market
People use cosmetics to adorn and make themselves appear appealing and confident. These goods are available in various forms, including creams, lotions, gels, oils, sp...
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The organic cosmetics market is valued at US$ 21558.3 million in 2024. It is projected to reach US$ 35452.08 million by 2034, exhibiting a CAGR of 5.10% over the forecast period.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | US$ 21558.3 million |
Anticipated Forecast Value (2034) | US$ 35452.08 billion |
Estimated Growth (2024 to 2034) | 5.10% CAGR |
Category-wise Insights
Attributes | Details |
---|---|
Product | Skin Care |
Market Share | 40.00% |
Attributes | Details |
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End-user | Women |
Market Share | 32.50 |
Country-wise Insights
Countries | CAGR |
---|---|
Japan | 10.30% |
India | 8.50% |
China | 7.50% |
Singapore | 6.40% |
Canada | 4.90% |
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The Report Covers Market Growth and Share of Cosmetic Industry in India and is Segmented by Product Type (Color Cosmetics and Hair Styling and Coloring Products) and by Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Pharmacy and Drug Stores, Online Retail Stores, and Other Distribution Channels). The Report Offers Market Size and Values in (USD Million) During the Forecasted Years for the Above Segments.
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The global cosmetics market size reached USD 419.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 629.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.6% during 2025-2033. The growing emphasis on personal grooming, the introduction of advanced product variants, the escalating demand for vegan cosmetics, and the rising product availability on e-commerce platforms are some of the major factors propelling the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
| 2025-2033 |
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 419.8 Billion |
Market Forecast in 2033 | USD 629.7 Billion |
Market Growth Rate 2025-2033 | 4.6% |
IMARC Group provides an analysis of the key trends in each segment of the global cosmetics market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product type, category, gender and distribution channel.
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The United States cosmetics market size was valued at USD 20.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 26.7 Billion by 2033, exhibiting a CAGR of 3.1% from 2025-2033. The shift towards sustainability, with consumers increasingly preferring eco-friendly and cruelty-free products. Technological advancements in personalized beauty, along with the growing influence of social media and digital platforms, are also augmenting the United States cosmetics market share and shaping consumer purchasing behaviors
Report Attribute
|
Key Statistics
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---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
| USD 20.3 Billion |
Market Forecast in 2033
| USD 26.7 Billion |
Market Growth Rate 2025-2033 | 3.1% |
IMARC Group provides an analysis of the key trends in each segment of the United States cosmetics market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on product type, category, gender, and distribution channel.
This statistic shows the value of the cosmetics market worldwide from 2018 to 2025. In 2018, the value of the global cosmetics market was 507.8 billion U.S. dollars. The market was projected to value at about 758.4 billion U.S. dollars by 2025.
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The US Beauty Industry is Segmented by Product Type (Personal Care Products and Beauty and Make-Up/Cosmetics); by Category (Premium Products and Mass Products); and by Distribution Channel (Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Stores, and Other Distribution Channels). The Report Offers Market Size and Values in (USD Million) During the Forecasted Years for the Above Segments.
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The Colour Cosmetics Market size was valued at USD 77.73 USD Billion in 2023 and is projected to reach USD 114.58 USD Billion by 2032, exhibiting a CAGR of 5.7 % during the forecast period. In the Color Cosmetic Market, there is a wide range of products available like foundations, eyeshadows, lipsticks nail polish etc which are well known for that it contains pigments and helpful ingredients. Customers use them to apply these facial or nail products that they use to enhance their looks. Technologies such as micronization underneath this cosmetics category enable it to be effective and compatible with the skin. Apart from the improvements in economies they equally touch upon beauty standards thus showing strong creativity and an ability to enhance people’s self-esteem. Colour cosmetics are tools that enable people to communicate with others, express their identity, and change their appearance quickly. Recent developments include: April 2023: The French Company L'Oréal acquired the Australian luxury brand Aesop from Natura & Co. The acquisition would help expand its presence in high-end cosmetics with a view to international expansion, including in China., June 2023: In India, the French beauty company L'Oréal relaunched its luxury beauty brand Lancôme. The company would distribute skincare, makeup, and fragrances under the Lancôme brand in India., October 2021: Amway India launched a personalized skincare solution product with Artistry Signature Select called Personalized Serum. This launch marks the entry of the company into the serum segment of skincare in India, expanding the product portfolio., October 2021: Coty announced the expansion of the direct to consumer website of cosmetic brand Kylie skin in the U.K., Germany, Australia, and France. This will provide the company with global expansion and improve consumer purchasing power., September 2020: Shiseido Company, Limited introduced a new makeup collection, which includes Skincare-like Light Textures and Bold Colors. The makeup collection comprises 21 products and 124 shades. With this launch, the company would expand its presence in Japan.. Key drivers for this market are: Growing Consumer Inclination toward Organic Cosmetic Products to Aid Market Growth . Potential restraints include: Rising Awareness Regarding Environment and Animal Protection to Affect Market Dynamics. Notable trends are: Increasing Digital Marketing and Use of E-commerce Channels to Boost Market Growth .
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The India cosmetic market size was worth around USD 8.12 billion in 2023 and is predicted to grow to around USD 10.98 billion by 2032
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According to Cognitive Market Research, the global Kids Cosmetics market size is USD 1625.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 650.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 487.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 373.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 81.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 32.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Face Products held the highest Kids Cosmetics market revenue share in 2024.
Key Drivers of Kids Cosmetics Market
Rising Disposable Income to Increase the Demand Globally
Parents are more likely to spend money on cosmetics and other non-essential items for their children when their discretionary income rises, particularly in emerging economies. This pattern shows how changing social standards and increased purchasing power have affected consumer behavior. As parents have more disposable income, they are more likely to spend it on skincare, beauty products, and other items that improve their kids' looks or self-expression. The growing relevance of catering to younger demographics and the changing dynamics of the beauty industry is highlighted by the increased demand for children's cosmetics. It also discusses responsible consumption and how commercialization affects self-image and early experiences.
Growing Influence of Social Media and Celebrities to Propel Market Growth
The expanding influence of social media and celebrities has profoundly altered children's perceptions of beauty and cosmetics. With so many youngsters having access to digital platforms, they are constantly exposed to beauty information such as product reviews, makeup instructions, and celebrity endorsements. Their goals and inclination to experiment with cosmetics are greatly influenced by this exposure. Younger children are likelier to dabble with cosmetics because of the glitzy pictures promoted online and by celebrities they look up to. This trend highlights how social media and celebrity culture significantly influence consumer behavior and tastes. It also raises significant concerns about how media exposure affects children's self-esteem and beauty standards.
Restraint Factors Of Kids Cosmetics Market
Safety Concerns to Limit the Sales
Indeed, some parents may be discouraged by safety worries about the possible health dangers associated with their children using cosmetics, particularly those that contain chemicals. Concerns may surface about the possibility of allergic reactions, skin irritations, or long-term health consequences resulting from contact with specific chemicals included in cosmetics. Because of this, parents may decide to buy their kids fewer or no cosmetics at all, choosing instead to buy alternatives that they believe to be safer or more organic. This emphasizes how crucial it is to address parental concerns and guarantee the safety of cosmetics intended for children by implementing consumer education programs, conducting thorough safety testing, and ensuring transparency in labeling.
Impact of COVID-19 on the Kids Cosmetics Market
The COVID-19 epidemic had a significant effect on the children's cosmetics business. Children stayed indoors during lockdown procedures, school closings, and restricted social activities, which decreased demand for cosmetics. Due to increased health and safety concerns, parents have prioritized vital purchases over non-essential products such as cosmetics. Disruptions in the supply chain worsened the situation by influencing the availability of products and the distribution routes. Nonetheless, the market is gradually recovering due to the progressive relaxation of regulations and the restart of social activities...
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Global Cosmetic Products Market size worth at USD 314.52 Billion in 2023 and projected to USD 1226.13 Billion by 2032, with a CAGR of around 16.32% between 2024-2032.
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The report covers UAE Colour Cosmetic Market Analysis and it s segmented by Type (Facial Makeup, Eye Makeup, Nail Makeup, Lip Makeup, and Hair Color Products); and by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels). The market size and forecasts are provided in terms of value (USD million) for all the above segments.
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According to Cognitive Market Research, the global men's cosmetics market size is USD 31812.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.60% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 12724.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 9543.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7316.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 1590.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 636.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
The mass held the highest men's cosmetics market revenue share in 2024.
Market Dynamics of Men Cosmetics Market
Key Drivers of Men Cosmetics Market
The Exploding Market for Men's Cosmetics and the Rise of Male Grooming Influencers
The rise of male grooming gurus is contributing to the global boom in the men's cosmetics business. These social media influencers work to dispel stereotypes about masculinity and increase acceptance of men's skincare and cosmetics practices. Male grooming influencers give product reviews, tutorials, and advice on everything from foundation application to beard care. They frequently have sizable and active followings. They demonstrate the beneficial effects that good grooming may have on a man's confidence and appearance. This exposure dispels stigmas and normalizes men's use of makeup. There is no denying the impact of social media and influencers on male grooming. They are making a big difference in creating a more accepting environment for beauty, where men are at ease experimenting with and utilizing makeup in their daily routines.
Another important element is the demolition of conventional gender norms. Grooming habits that were once considered appropriate for men are no longer applicable to them. Men are beginning to embrace a more flexible approach to appearance, experimenting with cosmetics, non-shaven beard care products, and professional hairstyle solutions. Because of this transparency, there is a growing market for a wider range of men's cosmetics.
Expanding Products in Men's Cosmetics Market to Propel Market Growth
Due to a change in societal perceptions and men's increasing self-care awareness, the worldwide men's cosmetics business is seeing rapid growth. Businesses have a great chance to increase market share and diversify their product lines by taking advantage of this trend. Modifying Attitudes: Men are starting to embrace personal hygiene habits more comfortably, which is a shift from traditional ideas of masculinity. Enhanced Consciousness Increased knowledge of the advantages of men's specific skincare and grooming products is being fostered by increased information accessibility and the impact of social media. Increasing Net Worth Men have greater spare income to spend on personal grooming, especially in poorer nations. Put Health First Men are starting to prioritize self-care, including skincare routines, as a result of a broader shift towards total well-being.
The idea of the "metrosexual man," in which men feel free to express who they are through looks and grooming, has gained popularity. Celebrities and social media influencers are also having a significant impact on normalizing the use of skincare and makeup by males. The market is expanding as a result of growing disposable incomes and an increasing emphasis on personal well-being.
In an effort to take advantage of this growing market, producers are launching a greater range of goods designed with males in mind. This includes cutting-edge skincare products made specifically for men's thicker skin, such as serums, moisturizers, and anti-aging lotions. Men's makeup products are also becoming more and more available; the range includes everything from BB creams and contouring kits to concealer and fou...
As of 2017, the market size of the cosmetic industry across India had a value approximately eleven billion U.S. dollars. The market size of the cosmetic industry recorded a year on year growth and was forecast to reach a value of 20 billion U.S. dollars in 2025.
In recent years, beauty product manufacturers have faced significant losses due to unfavorable economic conditions, including high inflation and increasing economic uncertainty. Many cosmetics and beauty products are considered discretionary, causing sales to weaken when disposable income drops. Heightened inflationary pressures in recent years pushed consumers to postpone purchases to downgrade to more affordable products, contributing to revenue losses between 2020 and 2022. Although domestic manufacturers have begun to recover, recent gains are largely driven by higher selling prices despite the smaller basket sizes. Since 2020, revenue has weakened by an estimated CAGR of 1.2% to reach $45.3 billion in 2025, including a 2.4% gain that year alone. During such times, consumers tend to opt for more affordable options, leading to a surge in imports to meet domestic demand. Imported beauty products have gained a larger share of the domestic market, especially those from countries like France, Italy and South Korea, which are perceived to offer higher quality. The growing demand for innovative, inclusive, sustainable and technical products—especially anti-aging and luxury items—creates growth opportunities for domestic manufacturers. Also, companies like Glossier, which leverages social media marketing and the heightened demand for US-made products, have successfully reached international consumers, driving an increase in exports. The ongoing economic recovery is expected to benefit domestic beauty product manufacturers. As consumer confidence and disposable income climb, spending on discretionary items like beauty products will likely increase, supporting manufacturers' performance. The anticipated decline in the world price of zinc, a key material for manufacturers, due to resolved international conflicts, will boost producers' profit. Similarly, the expected depreciation of the US dollar will enhance the performance of domestic producers both domestically and internationally. These factors are set to cause revenue to accelerate at an annualized 2.5% to $51.3 billion through the end of 2025.
Cosmetic Skin Care Market Size 2025-2029
The cosmetic skin care market size is forecast to increase by USD 101.9 billion at a CAGR of 9.5% between 2024 and 2029.
The market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing population in the age group of 30-50 years, who are becoming increasingly conscious about their appearance and are investing in skin care products, including herbal options, to maintain their youthful look. Additionally, many consumers are purchasing these products from convenience stores for added accessibility.
Another trend influencing the market is the growing preference for organic cosmetics and cosmeceuticals, as consumers become more health-conscious and seek products free from harsh chemicals. However, the high cost of cosmetic skin care products remains a challenge for some consumers, limiting their access to these products. Overall, the market is expected to continue its growth trajectory, driven by these factors and others.
The beauty and cosmetics industry is a thriving market, and two major segments of this industry are face creams and moisturizers, and shaving lotions and creams. In urban areas, where people lead busy lives and are exposed to pollution and stress, the demand for these products is particularly high. Face creams and moisturizers help protect and nourish the skin, keeping it hydrated and radiant. Shaving lotions and creams, on the other hand, ensure a smooth and comfortable shaving experience. A popular trend in skincare is the use of sheet masks, which provide intensive hydration and nutrients to the skin in a convenient and mess-free way. The beauty and cosmetics industry continues to innovate, offering new products and solutions to meet the diverse needs of consumers
What will be the Cosmetic Skin Care Market Size of the During the Forecast Period?
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The market is witnessing significant growth due to the increasing trend towards self-care and the desire for radiant, healthy-looking skin. This market encompasses a wide range of products, including creams, lotions, powders, and more. Self-care products, such as face creams and body lotions, are in high demand as customers seek to nourish their skin and address concerns like acne and sun damage. Cosmetic businesses and beauty retail stores are key players in this market, supplying an array of innovative products to meet the evolving needs of consumers. Raw material suppliers also play a crucial role in the production of these self-care essentials.
The propensity for urban dwellers to invest in skin care products is on the rise, with an increasing number of people recognizing the importance of proper skin care in maintaining overall health and appearance. As a result, the market for self-caring products, including face creams, sunscreens, and sheet masks, is experiencing strong growth. Advertising activities and the introduction of innovative products, such as advanced formulations and packaging, are driving competition in the market. Brands are capitalizing on this trend by offering a diverse range of self-care products that cater to various skin types and concerns.
How is the Cosmetic Skin Care Market Segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Face skincare products
Body skincare products
Others
Distribution Channel
Offline
Online
End User
Women
Men
Price Point
Mass
Premium
Geography
APAC
China
India
Japan
Europe
Germany
UK
France
North America
Canada
US
Middle East and Africa
South America
Brazil
By Product Insights
The face skincare products segment is estimated to witness significant growth during the forecast period.
The market encompasses a range of products designed to maintain and enhance the appearance of the skin. In 2024, the face skincare segment held the largest market share, driven by demand for products addressing anti-aging, skin-whitening, and sun protection needs. These offerings include topical creams, lotions, toners, exfoliators, and serums. Hyaluronic acid creams, known for their hydrating properties, are popular choices for moisturizing and maintaining skin radiance. Innovative products, such as those containing organic and natural ingredients, are increasingly preferred due to their potential to protect the skin from pollution and other environmental stressors. Organic labeling adds to their appeal, as consumers seek to make eco-conscious choices.
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The face skincare products s
This statistic shows the annual growth rate of the global cosmetics market from 2004 to 2024. In 2024, the global cosmetics market grew by an estimated 4.5 percent compared to the previous year. Global cosmetics market Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations. The global cosmetics industry is broken down into six main categories; skin care being the largest one out of them all, accounting for about 40 percent of the global market in 2024. In recent years, consumers have been spending higher levels of disposable income on cosmetics than they had in the past. Unfortunately, the global financial crisis has put a damper on the market and during those years, more affordably priced merchandise and do it yourself at home products were key in the beauty market. However, in recent years as Generation Y and Generation Z have really entered the job market, they have become a big driver of the cosmetics market; especially in the United States. The United States is one of the biggest cosmetic markets in the world, with an estimated total revenue of about 101 billion U.S. dollars as of 2024. Outlook: the future for beauty companies In the coming years, global cosmetic companies will continue to focus their efforts on product innovation, as well as brand values and responsibilities, in order to attract new consumers and keep existing consumers loyal to specific brands.