Year-on-year cosmetics market growth in Russia 2013-2019

The value of the Russian cosmetic market constantly grew over the observed period, as evidenced by positive growth rates year-on-year. However, the rates varied, with the highest one observed at 15 percent in 2015. In 2019, the market value was expected to increase by four percent, after growing at a ten percent rate in 2018.  

Cosmetic market overview

    In 2019, the Russian cosmetic industry was valued at over 807 billion Russian rubles, and estimates suggested that the figures would amount to over 830 billion Russian rubles by 2023. In 2018, Magnit Cosmetic outperformed the former market leader L’Etoile and accounted for over 90 billion Russian rubles in turnover in that year. In 2019, there were over 5.5 thousand shops of Magnit Cosmetic countrywide. Most sold cosmetic goods in Russia as of the first half of 2019, were perfumery and haircare products.

Global outlook

    The cosmetic market of Asia-Pacific has been expanding gradually year-on-year, making up over 40 percent of the global cosmetic market by 2019. In that year, Western Europe accounted for a nearly one fifth industry share, where Germany listed in the leading position with a cosmetic consumption of roughly 13.8 billion euros in 2018.