Beauty & Personal Care - Singapore

Singapore

In 2024, the Beauty & Personal Care market in Singapore is projected to generate a revenue of US$1,252.00m.
The market is anticipated to experience an annual growth rate of 1.03% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is expected to reach a market volume of US$552.00m in 2024.
When compared globally, in the United States leads in revenue generation with US$100bn in 2024.
In terms of per capita income, each person in Singapore is expected to contribute US$206.80 to the Beauty & Personal Care market in 2024.
Furthermore, it is estimated that 43.7% of the total revenue in the Beauty & Personal Care market will be generated through online sales by 2024.
The beauty and personal care market in Singapore is experiencing a surge in demand for organic and sustainable products.

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.