Market Insights Consumer Beauty & Personal Care

Cosmetics - Canada

Canada

In Canada, the revenue generated in the Cosmetics market is expected to amount to €1.42bn in 2024.
This market segment is projected to experience an annual growth rate of 1.50% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue generation, with an estimated amount of €18,470m in 2024.
Taking into account the total population figures, per person revenues in Canada's Cosmetics market are forecasted to reach €36.27 in 2024.
By 2024, approximately 60% of the sales in the Cosmetics market will be attributed to Non-Luxury.
"Canada's cosmetics market is experiencing a surge in demand for natural and organic beauty products."

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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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.