Market Insights Consumer Beauty & Personal Care

Cosmetics - Canada

Canada

In Canada, the revenue generated in the Cosmetics market is expected to amount to US$1.55bn in 2024.
This market segment is projected to experience an annual growth rate of 1.62% 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 US$20,130m in 2024.
Taking into account the total population figures, per person revenues in Canada's Cosmetics market are forecasted to reach US$39.52 in 2024.
By 2024, approximately 72% 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

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.