Market Insights Consumer Beauty & Personal Care

Beauty Tech - Europe

Europe

In 2024, the Beauty Tech market in Europe is projected to generate a revenue of €1.71bn.
It is anticipated that the market will experience an annual growth rate of 2.94% (CAGR 2024-2028).
When compared on a global scale, in the United States leads in revenue generation, with €1,290m expected in 2024.
In terms of per capita figures, each person in Europe is estimated to contribute €2.02 to the Beauty Tech market in 2024.
In France, the beauty tech market is thriving with a strong emphasis on natural and organic products.

Key regions: Worldwide, United Kingdom, South Korea, Indonesia, United States

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Región

Comparación de regiones

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.