Market Insights Consumer Beauty & Personal Care

Cosmetics - Europe

Europe

In 2024, the revenue in the Cosmetics market in Europe amounts to €21.00bn.
It is projected to grow annually by 2.99% (CAGR 2024-2028).
In comparison to other countries, in the United States generates the highest revenue with €18,400m in 2024.
When considering the total population, the per person revenue in 2024 is €24.88.
Additionally, it is estimated that 57% of sales in the Cosmetics market by 2024 will be attributed to Non-Luxury.
France's cosmetics market is thriving, with a focus on luxury brands and a strong emphasis on natural and organic products.

Key regions: Singapore, Indonesia, Canada, United Kingdom, United Arab Emirates

Mercado

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.