The revenue in the 'Cosmetics' segment of the beauty & personal care market worldwide was modeled to amount to ************** U.S. dollars in 2024. Between 2018 and 2024, the revenue rose by ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Cosmetics.

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.

This statistic depicts the breakdown of the cosmetic market worldwide from 2011 to 2024, by product category. In 2024, skincare products made up around ** percent of the global cosmetic market. Geographically, North Asia and North America dominated, accounting for over ** percent of the cosmetics market combined. Global cosmetic market Companies operating in the global cosmetics market must compete for shelf space in retail outlets, not only with rival companies offering other well-known brands but also cheaper copycat brands offering similar unbranded products. Non-western beauty cultures are becoming more influential; consumers beyond North America and Europe are remaking the beauty market in their own image and likeness. As a result of this shift to new regions, beauty cultures which are quite different from the mature European and North American markets will play a much more influential role. Ethnic and cultural diversity shape consumers beauty rituals and product priorities. Likewise, diversity and variety have become the norm within the global cosmetics market. Leading companies As consumers become increasingly wary of potential toxicity in cosmetics, market segments offering fragrance-free products made using natural ingredients and essential oils are likely to record strong growth. Leading companies in the global cosmetics market include L'Oréal, Estée Lauder and Unilever.

In 2017, bath and shower had the highest market size in the cosmetic industry amounting to *** billion U.S. dollars. Hair care expected to surpass bath and shower in 2022, with a market size of *** billion U.S. dollars.

Over the forecast period until 2029, the revenue share is forecast to exhibit fluctuations among the two segments. Only in the segment Non-Luxury, a significant increase can be observed over the forecast period. In this segment, the indicator exhibits a difference of **** percent between 2022 and 2029. Find further statistics on other topics such as a comparison of the revenue in Malaysia and a comparison of the revenue in Vietnam. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the estimated market value of cosmetics in Middle East and Africa from 2016 to 2022. In the Middle East and Africa, the cosmetics market was valued at about ***** billion U.S. dollars in 2016.

In 2023, the market size of the cosmetics industry in South Korea amounted to more than **** trillion South Korean won. The market saw a marked drop from 2019, and again in 2022. As K-beauty products gained global popularity, the production and exports of Korean cosmetic products had significantly grown from 2014 to 2023. Key players The South Korean cosmetics industry has been dominated by local products. Based on sales revenue, the leading domestic companies were LG Household & Health Care and the Amorepacific Group. Both have a number of sub-brands, for instance, the Face Shop, O Hui, Sum, and Belif under the former; Sulwhasoo, Laneige, Innisfree, IOPE, Hera, Etude House, and Mamonde belong to the latter. Another key player, Korea Kolmar, is mainly engaged in the original development and design manufacturing (ODM) and original equipment manufacturing (OEM) of cosmetics. Korean cosmetics in the global market Global companies are increasingly interested in the Korean cosmetics market. L'Oreal, the world's largest cosmetics company, has acquired a Korean cosmetics company “Style Nanda”. Style Nanda originally started with an online fashion mall and now it is more well-known for its cosmetics brand 3CE. In addition, AHC, which is famous for its eye cream, was acquired by Unilever, and Have&Be, which owns the Dr.Jart brand, was acquired by Estee Lauder.

Over the forecast period until 2030, the revenue is forecast to exhibit fluctuations among the five segments. Overall, the revenue appears to follow a positive trend, as there are more increasing values than decreasing values expected in the individual segments until 2030. Among them, the segment Face achieves the relatively highest value throughout the entire period, reaching **** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) in Indonesia and a comparison of revenue growth in Malaysia. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the market value of the cosmetics industry in Europe in 2023, by branch. In the year 2023, skincare had the highest market value, measuring at nearly 28 billion euros, while the decorative cosmetics market was worth around 13 billion euros, the smallest amount among the categories.

This graph shows the revenue growth of the cosmetic and beauty production industry in the United States from 2014 to 2022. As of 2020, the industry revenue of cosmetics and beauty production in the United States depreciated by around *** percent. In the following year, the revenue began to recover with a growth percentage of ***.

Over the last two observations, the average revenue per capita is forecast to significantly increase in all segments. As part of the positive trend, the average revenue per capita achieves the maximum value across all five different segments by the end of the comparison period. Notably, the segment Face stands out with the highest value of **** U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) in Russia and a comparison of average revenue per user (ARPU) in the Philippines. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the projected market value of vegan cosmetics worldwide from 2018 to 2025. The global vegan cosmetics market is projected to grow 6.3 percent a year to reach to 20.8 billion U.S. dollars by 2025.

Over the past years, the cosmetics and personal care products market in Mexico has been relatively stable, with a value of around * billion U.S. dollars. While in 2021, the market registered **** billion dollars, in 2022 estimated figures predicted an increase in market value of approximately *** billion U.S. dollars. In terms of import, the United States is the leading country of origin for cosmetics and personal care products in Mexico.

Within the European cosmetics market, Germany consumed the largest amount of cosmetics in 2021, valued at approximately 14 billion euros. This was followed by France and Italy, at approximately 12 billion euros and 11 billion euros, respectively.

Cosmetics industry in Europe

The cosmetics and personal industry has been thriving in Europe as more consumers become increasingly aware of the importance of health, wellness and personal care products. Skin care continues to be the dominant force in the cosmetics industry in Europe, capturing more than 27 percent of the European cosmetics market in 2019. In the following year, France had the highest number of small and medium-sized enterprises (SMEs) specialized in the manufacturing of cosmetic products in Europe. Compared to Italy’s 735 cosmetics SMEs, France had around 840.

Cosmetics brands

L’Oréal, Nivea and Guerlain are currently the top three leading cosmetic brands in Europe in terms of brand value. Beyond Europe, the cosmetics brands were also garnering worldwide consumer appeal. For example, the skin and body care brand Nivea, manufactured by Hamburg-based German company Beiersdorf had a worldwide brand value exceeding six billion U.S. dollars in 2021. However, with the rise of social media and its significant influence on consumer groups, particularly in the areas of body image and personal care, cosmetics brands that enjoy powerful social media presence and appeal will be those that succeed in the long-term. As of March 2022, the beauty brand with the highest number of Instagram followers is Kylie Cosmetics, garnering approximately 25 million followers.

According to a 2024 survey, millennials made up the largest share of consumers globally who mostly shopped for beauty products online (** percent). Gen Z (** percent) and Gen X (** percent) consumers followed, while around ** percent of Baby Boomers did so.

Doubling the money The online beauty and personal care market worldwide generated a revenue of about **** billion U.S. dollars in 2022, with China, the United States, and Japan being the three biggest markets. The cosmetics market is the fastest growing segment of the beauty market worldwide and is estimated to incur almost double its current revenue by 2027. In 2023, around *** million people around the world purchased beauty products online. This number is expected to increase to over *** billion by 2027.
Trending on TikTok With social media becoming more and more prominent, especially in younger generations, it is not a surprise that more people also engage in social commerce and purchase beauty products from apps. In the United States, TikTok has become the leading social media platform for purchasing various beauty items, followed by Instagram and Facebook. On TikTok, content creators and brands promote sales in two main ways, video sales and live sales. The majority of app-based sales are made through live sales, which refer to livestreams that promote products and offer shopping links. It is easy to see how popular beauty products are on TikTok from the number of views they receive, with Dyson, Cerave, and The Ordinary being the most popular beauty brands.

The Norwegian cosmetics market’s sales value increased constantly in recent years, reaching approximately **** billion Norwegian kroner in 2022. This market includes the following product categories: skin care, sun care, hair care, decorative cosmetics, fragrances, and hygiene products. When looking at the development in cosmetics sales in Norway compared to a year earlier, it can be seen that it fluctuated strongly from 2010 to 2022. The Norwegian cosmetics market showed the by far highest growth in 2020, and grew by **** percent.

 L’Oréal Norge  The annual profit of L’Oréal Norge AS has fluctuated between 2008 and 2022. In 2016, the French company reached a record-high profit of almost *** million Norwegian kroner. Compared to more recent years, however, annual profit was much lower, amounting to almost ** million Norwegian kroner in 2022.

  Leading cosmetic companies  Among the companies operating in the Norwegian cosmetics, perfume, and hairdressing industry, Normal Norge AS led the revenue ranking. As of January 2024, the drugstore chain generated nearly **** billion Norwegian kroner. It was ahead of the companies Essity Norway AS, L’Oréal Norge AS, and Kicks Norge AS.

This statistic shows the market value of color cosmetics in Great Britain by type as of December 2022. The sales value of color cosmetics for the eyes (e.g. eye shadow) in 2022 was estimated at around *** million British pounds. The market value of face cosmetics was noticeably higher at approximately *** million British pounds.

In 2023, facial care and body care were the two leading segments of the cosmetics market in Italy. These two product categories represented **** percent and **** percent of the cosmetic products consumed in the country, respectively. By contrast, products for men accounted for a mere *** percent of the cosmetics consumption.  Cosmetics market in Italy   The cosmetics market in Italy is one of the largest for production and consumer use. Italians consumed over nine billion euros worth of cosmetics in 2020 and over ** billion euros in 2023. In Italy, perfume shops have one of the highest market share, with nearly one fifth of cosmetic and personal care products sold in perfume shops. In 2021, perfume shops also had one of the highest market values with figures reaching over *** billion euros.  Cosmetics’ exports    Italy is also a key player in the export trade of cosmetics goods, with products being sent all over the world. The value of exports of the Italian cosmetics industry has fluctuated but remained stable overall. The latest data shows that exports of the sector reached a total value of over ***** billion euros in 2023. France is the European country that imports the most cosmetics from Italy, even more than Germany and Spain, with a value of about *** million euros in 2022.

In 2022, Colombia's beauty and personal care market amounted to around ** billion Colombian pesos, an increase of roughly *********** pesos compared to the previous year.

This statistic shows the value of the cosmetics market in Great Britain from December 2014 to December 2022, by product category. In 2022, skincare represent the largest segment of the cosmetics market, valuing at approximately **** billion British pounds.