Beauty & Personal Care Report 2020

Statista Consumer Market Outlook

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This report from the series of Consumer Market Outlook reports gives an overview of the Beauty & Personal Care market from an international perspective. Besides all relevant market figures, such as total and per-capita revenues for the years from 2012 to 2025, we also give detailed insights into current trends and key players as well as important background information on the Beauty & Personal Care market.

The Beauty & Personal Care market is subject to constant challenges, innovations, and transformations, and the beauty industry is thriving. The market is divided into four segments: Cosmetics, Skin Care, Personal Care and Fragrances.

Rising revenues depict the financial side, but the value of beauty products and services is on the rise as well: Women attribute individual comfort to cosmetics and beauty products and read and watch a lot on the topic. The highest growth potential can be attributed to the prestige cosmetics and the personal care products. Consumers are more and more interested in high quality, sustainability, and good ingredients. Japan and South Korea are pioneers in the field of Beauty & Personal Care, especially with regards to innovations and trends. With nearly US$300 per capita, Japanese spent the most on beauty and personal care products in 2019, closely followed by South Korea.

In 2019, the Beauty & Personal Care market realized a revenue of US$505 billion worldwide, with Personal Care being the biggest segment. The segment accounted for 45% of the revenues, followed by the Skin Care segment with 27%. Revenues are increasing at a CAGR of 3.2% between 2012 and 2025. The Cosmetics market, however, shows even higher growth and is expected to grow 4.5% annually, closely followed by the Skin Care segment with an expected growth of 3.5% per year.

Note: CAGR: Compound Annual Growth Rate / average growth rate per year

  • Language: English
  • Released: December 2020
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