Beauty & Personal Care - Colombia

Colombia

In 2024, the Beauty & Personal Care market in Colombia is projected to generate a revenue of €3.72bn.
This market is expected to grow at an annual rate of 5.32% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is estimated to have a market volume of €2.10bn in 2024.
When compared globally, in the United States leads in revenue generation, with an estimated revenue of €93bn in 2024.
In terms of per capita revenue, in Colombia is expected to generate €71.07 per person in 2024.
Furthermore, it is projected that 9.6% of the total revenue in the Beauty & Personal Care market will be generated through online sales by 2024.
Colombia's Beauty & Personal Care market is experiencing a surge in demand for natural and eco-friendly products.

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.