Market Insights Consumer Beauty & Personal Care

Personal Care - Germany

Germany

in Germany, being one of the major players in the Personal Care market, is expected to contribute significantly to its revenue.
In 2024, the revenue in this market in Germany is projected to amount to US$9.54bn.
The market is also expected to grow annually by 0.98% (CAGR 2024-2028), indicating a positive outlook for the industry in the country.
When compared globally, it is worth noting that in the United States generates the highest revenue in the Personal Care market.
In 2024, the revenue in the United States is estimated to reach an impressive US$46bn.
This highlights the dominance of the United States in this sector.
To provide a perspective on the revenue generated per person, the per capita revenue in Germany is calculated to be US$114.60 in 2024.
This figure showcases the collective spending on personal care products by the population of Germany.
Overall, Germany's contribution to the Personal Care market is expected to be significant, with a positive growth trajectory in the coming years.
Germany's personal care market is experiencing a surge in demand for natural and organic products, driven by increasing consumer awareness and concern for sustainability and health.

Key regions: Singapore, United Kingdom, United States, Indonesia, India

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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.