Beauty & Personal Care - Malaysia

Malaysia

The revenue generated in the Beauty & Personal Care market in Malaysia is projected to reach €3.01bn in 2024.
It is anticipated that the market will experience a yearly growth rate of 2.53% (CAGR 2024-2029).
The largest segment within the market is Personal Care, which is estimated to have a market volume of €1.36bn in 2024.
When compared globally, in the United States generates the highest revenue in the Beauty & Personal Care market, amounting to €93bn in 2024.
In terms of per capita revenue, in Malaysia generates €86.80 per person in 2024.
Furthermore, it is predicted that online sales will contribute 27.1% of the total revenue in the Beauty & Personal Care market by 2024.
The demand for halal-certified beauty and personal care products is growing rapidly in Malaysia, catering to the needs of the predominantly Muslim population.

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.