Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Worldwide

Worldwide

In 2024, the Face market worldwide generated a revenue of US$32.45bn.
It is projected to experience an annual growth rate of 3.96% (CAGR 2024-2029).
When comparing the revenue on a global scale, in the United States stands as the leading contributor with a revenue of US$7,461m in 2024.
Considering the population figures, the per person revenue in 2024 amounted to US$4.19.
Despite the global popularity of social media, the face market in countries like China and India still heavily relies on traditional beauty products and skincare routines.

Key regions: United Arab Emirates, India, Indonesia, South Korea, Worldwide

Market

Region

Region comparison

Currency

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.