Professional Documents
Culture Documents
November 2023
Table of Contents
Markets
Cosmetics 37
Personal Care 51
Skin Care 65
2
STATISTA MARKET INSIGHTS
3
CHAPTER 01
Market Overview
• Market definition
• Market segmentation
• Key takeaways
Beauty & Personal Care is an important of the Consumer Goods market.
Overview: Market definition
Market definition
In scope Out of scope
The Beauty & Personal Care market is defined here as consumer goods for
cosmetics and body care. Included are beauty cosmetics for the face, lips, skin care •Decorative cosmetics •Professional products & services
products, fragrances and personal care products such as hair care, deodorants and
•Skin care •Electronic personal care products
shaving products. Excluded are beauty services, such as hairdressers, professional
(hair dryers, shavers)
products and electric personal care products. Products that primarily serve medical •Personal care
purposes are also excluded here but shown as part of the OTC Pharmaceuticals
market. All shown sales values refer to the retail value and include sales taxes. •Hair care and styling products
Cosmetics Fragrances
Beauty &
Personal Care
Personal Care
6
The Personal Care segment accounts for the biggest share in the Beauty &
Personal Care market with a revenue of US$ 258.9 billion
Overview: Key takeaways
Highlights
•Revenue in the Beauty & Personal Care market amounts to US$625.70bn in 2023.
The market is expected to grow annually by 3.32% (CAGR 2023-2028).
•The market's largest segment is the segment Personal Care with a market volume
of US$274.20bn in 2023.
•In global comparison, most revenue is generated in the United States (US$98bn in
2023).
•In relation to total population figures, per person revenues of US$81.42 are
generated in 2023.
•In the Beauty & Personal Care market, 17.7% of total revenue will be generated
through online sales by 2023.
Market Size
• Worldwide revenue
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
2.1%(1) 92.1
90.8
87.8
83.4 85.4
81.4
74.8 75.2 76.3
74.0
70.7
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
10.7 12.1 16.3 18.4 17.9 17.7 19.2 21.0 21.4 21.9
89.3 87.9 83.7 81.6 82.1 82.3 80.8 79.0 78.6 78.1
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Offline Online
11
Market Insights
• Regional comparison
• Country-level comparison
The Personal Care has the highest growth potential with a CAGR(1) of 3.6% from
2022 to 2028
Market Insights: Worldwide market comparison
+3.6% (1)
319.4
210.7
+5.6% (1)
168.6
128.9 +3.9%(1)
93.1
67.4 +4.7% (1)
53.4
7.9 10.4
2022 2028
290.8
+3.9%(1)
230.0
+3.0%(1) 197.0
155.3 156.8
130.2
+6.7%(1)
83.2 +3.9%(1)
56.5
8.4 10.6
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+2.7%(1)
+3.0%(1) +3.2%(1)
233.4
184.2 189.0 198.6
154.1 156.2
+2.4%(1)
+4.3%(1)
54.1 62.5
58.6
45.5
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+2.8%(1)
110.3
+5.1%(1)
93.4
85.0
63.0
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
United States China Germany France United Kingdom
+5.2%(1)
59.6
44.0
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
United States China Germany France United Kingdom
Market Drivers
• Consumer spending
In 2021, consumer spending in the United States reached US$47,160 per capita
Market drivers: consumer spending (1/2)
The development of consumer spending indicates how the industry and economy
Italy 20,180
are going to evolve. Consumer spending in the United States is one of the highest
worldwide and expected to grow even more.
19
Sources: Statista Market Insights 2023, Statista Key Market Indicators, based on IMF, UN, World Bank, Eurostat and national statistical offices
Worldwide spending on household goods is increasing at CAGR of 4.4%
between 2021 and 2026
Market drivers: consumer spending (2/2)
National statistical offices estimate the consumption of private households as part Global consumer spending per capita CAGR1 2021 to 2026
of their mission to measure economic activity at large. This consumption
expenditure, roughly US$51 billion in 2021 worldwide, can be classified according to Restaurants, hotels 8.1%
the Classification of Individual Consumption by Purpose (COICOP) into twelve Recreation, culture 6.2%
categories that are shown in the diagram on the right.
Education 5.8%
The diagram shows the projected average growth rates of global consumer Transport 5.7%
spending by category up to the year 2026. Spending on household goods and
Health 5.2%
services is forecast to growth at a CAGR1 of 4.4%, which is a higher growth rate than
the one for clothing, footwear and transport. Clothing, footwear 5.1%
As education and health are mostly born out of actual and perceived necessity, the Weighted average 5.0%
Foodstuffs, beverages
high growth in spending on household goods indicates a willingness of consumers 4.8%
(at home)
worldwide to spend more on everyday items to ensure quality and sustainability. Household 4.4%
Housing 4.3%
Miscellaneous2 3.9%
Communication 3.7%
20
Sources: Statista Market Insights 2023, Statista Digital Market Insights 2023
CHAPTER 05
Consumer Insights
• Summary
• Regional comparison
Consumers around the world have included beauty products in their daily
routines
Consumer Insights: Summary
The consumer insights gathered from the Statista Global Consumer Survey and
Statista’s beauty survey show the importance and different needs for beauty and
personal care products in an international comparison. Cosmetics are more than
just an aisle in the supermarket. 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.
Most people own 3 to 5 beauty products in the field of facial make-up , but in
Germany 14% own up to 10 or more items. The regular use of beauty and personal
care products creates a lot of opportunities for the industry. Consumers are so
habituated to using beauty products that they have become a part of their daily
routine. The top answers to the question of which beauty product is the most
important in the area of facial cleansing were day cream and night cream for the
US, UK, and Germany.
Brand awareness in the cosmetic and body care segment is higher in countries
such as Italy, Spain and China and lowest in German speaking countries such as
Germany and Austria.
The share of consumers who purchase premium or luxury cosmetics and body care
products is much higher amongst Chinese consumers than their European or North
American counterparts.
22
United States
31% Germany
2 or less 25% United Kingdom
31%
43%
3 to 5 43%
43%
15%
5 to 9 17%
15%
5%
10 to 15 8%
5%
5%
more than 15 7%
5%
23 Notes: “How many products in the field of facial make-up do you own?“; Single Pick; n= 1092 (U.S.); n=1051 (DE); n=1041 (UK);
No 50%
49% No
No 50%
24 Notes: ”Have you purchased natural cosmetics in the last 12 months?“; n=1,032 (U.S.); n=1,035 (DE); n=1,047 (UK)
“What are the three most important beauty products for you personally in the area of facial care and cleansing?”; n=1,032 (U.S.); n=1,035 (DE); n=1,047 (UK)
Sources: Statista Global Consumer Survey, 2021
35% of Italians pay attention to brands when buying cosmetics and body care
Consumer insights: regional comparison (3/6)
Italy 35%
Spain 33%
China 32%
France 29%
U.S. 28%
Canada 28%
Switzerland 24%
UK 25%
Germany 22%
Austria 22%
25 Notes: "In which of these categories do you pay particular attention to brands?"; multi-pick; Respondents paying attention to the brand of cosmetics & body care; Multi Pick; n= 110,343
Beauty inspiration
U.S. Germany UK
26 Notes: In the last 12 months, where did you become aware of beauty/care products that you later purchased?”; n=1,032 (U.S.); n=1,035 (DE); n=1,047 (UK)
Relevance of low price for purchase decisions of cosmetics & body care
France 30%
Canada 29%
Spain 28%
U.S. 24%
Switzerland 23%
UK 23%
China 22%
Germany 21%
Austria 20%
Italy 17%
27 Notes: "Which of these products or services have you bought / used in the past 12 months because bloggers / YouTubers or other famous people advertised them?"; Multi Pick; n= 110,343
Share of respondents who buy premium or luxury cosmetics & body care
China 31%
Austria 20%
Switzerland 19%
Italy 19%
Germany 18%
U.S. 18%
Canada 18%
UK 17%
Spain 16%
France 12%
28 Notes: "In which of these product categories do you also buy premium or luxury items?"; Multi Pick; n= 110,343
Trends
The increasing consumer focus on self-care amid the pandemic has furthered the growth of the
wellness market. Moreover, the concept of wellness has extended to areas such as skincare,
which in the past was positioned within the beauty segment.
One of the most recent trends is ingestible beauty, namely, products that promise weight loss,
clearer skin, and stronger hair through vitamins and supplements. Already popular in Asia, this
trend is starting to gain traction around the globe. Key players in the area argue that whereas
beauty products only cover up existing problems, ingestible beauty products can stop skin
problems from occurring in the first place. With backing from investors, new innovative
companies, such as skincare supplement startup Moon Juice, vitamin provider HUM Nutrition,
and the nutraceutical company Nutrafol, have increased their activity. The interest in these types
of companies have generated from giants like Unilever and Nestlé suggests the significance of
ingestible beauty and wellness products.
Alongside companies that promise beauty through ingestible products, other companies
promote the health benefits that come with the adaptation of specific products and lifestyles and
use their scientific expertise in the health sector to penetrate the market. For example, Hims &
Hers offers telehealth consultations and prescriptions to address a myriad of health issues,
including those related to skin and hair. By doing so, they have merged their focus on health with
the beauty and wellness market.
30
The beauty industry has been forced to adjust to the challenges caused by the COVID-
19 pandemic, which made it necessary to close physical stores and shifted customer
contact to digital platforms. Thanks to innovative digital solutions, beauty retailers have
been able to create omnichannel experiences for their customers, where in-store
experiences are supplemented/complemented by online experiences in virtual stores.
Japan’s well renowned beauty company Shiseido has taken a unique approach to
omnichannel solutions. When the company opened its flagship store opened in July
2020, it also launched a virtual store. In the physical store, customers can use
wristbands to scan and automatically add products to their digital baskets, which they
receive at the in-store checkout. Other in-store digital features include technologies that
provide product information, enable customers to test items (e.g., skincare products),
and receive customized recommendations. For its online store, Shiseido uses virtual
reality technology that enables customers to browse all the different floors of its
flagship store.
A crucial part of its digital services is quality online customer service, including a pickup
service (e.g., customers make their purchases online and collect their items in the
store). This omnichannel method provides a good balance in that the customer can
comfortably place orders from anywhere they wish while companies can connect with
their customers during the pickup process.
31
Key Players
• Key Players
• L’Oréal
• Unilever
+18.5%(1) +3.6%(1)
+18.3%(1)
+9.4%(1) +16.3%(1)
34.2 40.6 33.3 34.5
23.2 27.5
16.2 17.7 6.5 7.6
2021 2022 2021 2022 2021 2022 2021 2022 2021 2022
L’Oréal Estée Lauder Unilever(2) P&G(2) Beiersdorf
The French company L’Oréal is the biggest beauty and personal care company in L’Oréal S.A. worldwide revenue in billion Euro
the world. They are divided into four main divisions, L’Oréal Luxe, consumer
products, dermatological beauty and professional products. In 2022, L’Oréal bought
Skinbetter Science, a physician-dispensed skincare brand. The total revenue of 38.3
L’Oréal reached more than US$40 billion in 2022, growing 18.5% from 2021. 38.3%
+6%1
of the sales are generated with L’Oréal Luxe including the product lines Lancôme, 32.3
Yves Saint Laurent, Kiehl’s and Giorgio Armani. The consumer products segment 29.9
follows taking up 36.6% in total revenue. It shows that the shift towards premium 28.0
26.9
25.3 25.8 26.0
products is successfully ongoing.
North America
34 Notes: 1 CAGR: Compound Annual Growth Rate / average growth rate per year
Sources: L’Oréal
In 2022, 23% of Unilever’s revenue came from personal care sales
Key Players: Unilever
The Dutch-British company Unilever was founded in 1929/30 and its product range Unilever worldwide revenue in billion Euro
includes food, cosmetics, personal care and home care, available in 190 countries.
Unilever’s best-selling brands include: Axe (Lynx in the UK), Ben & Jerry’s, Dove,
Heartbrand (Wall’s in the UK), Knorr and Lipton. Unilever was a dual-listed company +2%1 60.1
consisting of two legal entities, Unilever plc, based in London and Unilever N.V.
53.3 52.7 53.7 52.4
based in Rotterdam, with two different stocks. In September 2020, shareholders 51.0 52.0 50.7
voted for the N.V entity to merge into the PLC, meaning the one holding company
of Unilever is now based in London in the UK.
Europe
19%
35 Notes: 1 CAGR: Compound Annual Growth Rate / average growth rate per year
Sources: Unilever
Procter & Gamble increased net sales reaching 80 billion US$
Key Players: Procter & Gamble
Established 1837, Procter & Gamble (P&G) is a multi-national consumer goods P&G worldwide revenue in billion US$
corporation with a wide product range including Home, Personal and Health Care.
In 2022, P&G reached US$80 billion in net sales worldwide. Between 2014 and 2017
P&G net sales decreased by -13%, due to the fact that P&G streamlined the +2%1 80.2
company and announced to drop up to 100 brands. In 2015, P&G sold the Vicks 76.1
70.7 71.0
VapoStream U.S. business to Helen of Troy and continued to sell 43 beauty brands 67.7
65.3 65.1 66.8
to Coty. In 2018, P&G had the first increase in net sales since then, with
approximately US$66.8 billion.
9%
Greater China
50% 2015 2016 2017 2018 2019 2020 2021 2022
North america
36 Notes: 1 CAGR: Compound Annual Growth Rate / average growth rate per year
Cosmetics
CHAPTER 1
Overview
The Cosmetics market has grown 15.2%
Overview: Summary
Summary
Between the in-store and online purchase channels, in-store purchases still
dominate the market. However, because online retail of cosmetics is booming,
the online sales revenue has constantly increased, reaching 28% of the total
revenue in 2022 and with a predicted increase of up to 35% by 2025.
39
Market definition
The Cosmetics segment covers decorative cosmetics for the face, lips, eyes, nails
and natural cosmetics. Excluded are products applied to the skin for cleansing
and care. Cosmetics includes products such as makeup, lipsticks, mascara and
nail polishes.
40
Key Takeaways
In scope Out of scope
Revenue in the Cosmetics segment amounts to US$103.80bn in 2023. The market is
expected to grow annually by 4.84% (CAGR 2023-2027). This segment includes: This segment excludes:
In global comparison, most revenue is generated in the United States • Facial make up • Skin care
(US$19,430.00m in 2023).
• Lipsticks • Facial cleansing products
In relation to total population figures, per person revenues of US$13.50 are
generated in 2023. • Eye make up • Professional products & services
By 2023, 71% of sales in the Cosmetics segment will be attributable to Non-Luxury • Nail care & color
goods.
• Natural cosmetics
41
Market Numbers
Cosmetics revenues are estimated to increase at a CAGR(1) of 3.9% from 2018 to
2028
Market Size: Global
128.9
125.4
+3.9% (1) 118.6 14.3
113.2 14.0
108.4 13.4
103.8 12.9 18.0
12.5 17.3
89.9 93.1 12.1 16.0
87.6 14.9
11.2 13.9
10.6 10.8 80.7 12.9 26.6
26.0
9.8 72.4 10.6 11.8 23.2 24.2
9.4 22.2
10.1 21.2
11.9 17.7
18.4 18.9 10.8
11.8 30.8 31.6
28.5 29.6
9.9 26.5 27.5
23.1 23.5 24.6
23.5
22.2
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Face Eyes Lips Natural Cosmetics Nails
+5.5%(1)
53.5
+5.3%(1)
38.8
+4.7%(1) 35.8
25.8 26.3
19.5 +9.4%(1)
11.5 +5.4%(1)
6.7
1.4 1.9
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia
+4.3%(1)
+7.4%(1)
23.1
21.4
18.0
14.0
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
15.8 16.1
+3.0% (1) 15.1
14.5 1.8 1.8
14.0
13.5 1.7
1.7
1.6 2.2 2.3
11.9 12.1 12.2 1.6 2.0
1.5 1.8 1.9
1.4 1.5 10.7 1.7
9.6 3.3 3.3
1.3 1.3 1.4 1.5 3.1
2.9 3.0
1.3 2.8
1.6
2.5 2.5 2.3
1.4
1.6 3.9 4.0
1.3 3.6 3.6 3.8
3.5
3.1 3.2 3.2
3.1
3.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Face Eyes Lips Natural Cosmetics Nails
+4.4%(1)
69.7
53.7
+4.6%(1)
+4.8%(1)
34.3
30.6
26.2 +4.9%(1)
23.1
+7.0%(1)
11.5
8.1 8.7
5.4
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia
+3.7%(1)
66.3 +3.7%(1)
+2.9%(1)
53.2 53.1
+3.3%(1) 46.6
42.6
37.0 39.2
30.5
+7.4%(1)
15.0
9.8
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
67.0% 65.0%
74.0% 72.0% 70.0%
79.0% 75.0%
81.0% 80.0%
33.0% 35.0%
26.0% 28.0% 30.0%
21.0% 25.0%
19.0% 20.0%
49
Mobile/desktop split
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
34.0% 31.0%
40.0% 36.0%
47.0% 43.0%
53.0% 49.0%
57.0%
66.0% 69.0%
60.0% 64.0%
53.0% 57.0%
47.0% 51.0%
43.0%
50
Personal Care
CHAPTER 1
Overview
The Personal Care market has grown 1.3%
Overview: Summary
Summary
Personal Care market in 2022 reached to 258.88 billion USD. This is 1.3% more
than the previous year’s revenue. The growth has resulted from 4.2% growth in
Deodorants and 3.3% Shaving market. The United States recorded the highest
revenue, and China, Japan, India, and Brazil followed. Of top 20 countries in
revenue. Nigeria is reported as having highest growth and Brazil, Indonesia,
Bangladesh and Thailand followed.
Of in-store and online purchase channel, in-store is still dominant in the market.
However, as the online platform for personal care is flourishing, the online
revenue has constantly increased. It has reached 19% of total revenue in 2022
and it seems to increase up to 23.7% by 2027.
53
Market definition
The Personal Care segment covers all products intended for personal cleansing
such as shampoo, shower gels, bathing products, deodorants, oral care and
shaving products. Skin care cosmetics such as lotions, facial cleansing products
and body care services are not included.
54
Key Takeaways
In scope Out of scope
Revenue in the Personal Care market amounts to US$274.20bn in 2023. The market
is expected to grow annually by 3.10% (CAGR 2023-2028). This market includes: This market excludes:
In global comparison, most revenue is generated in the United States (US$45bn in • Hair care • Decorative cosmetics
2023).
• Bathing products • Facial cleansing products
In relation to total population figures, per person revenues of US$35.68 are
generated in 2023. • Deodorants • Professional products & services
• Oral care
• Shaving products
55
Market Numbers
Personal Care revenues are estimated to increase at a CAGR(1) of 2.8% from
2018 to 2028
Market Size: Global
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Hair Care Shower & Bath Deodorants
Oral Care Shaving Natural Personal Care
+3.6%(1)
119.1
+3.3%(1)
96.3
92.2
+2.4%(1)
75.7
64.7
+6.3%(1)
56.1
39.2
27.2 +2.7%(1)
3.6 4.2
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+2.0%(1)
48.8
+4.0%(1) 43.3
34.7
27.4
+1.4%(1)
+2.0%(1) +1.0%(1)
9.1 9.9
6.3 7.1 6.4 6.8
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
+1.9%(1)
39.4 39.9
37.3 38.3
35.7 36.5 2.9 2.9
33.8 34.0 2.8 2.9
33.0 33.0 32.5 2.7 2.8 3.8 3.8
2.7 3.5 3.6
2.4 2.4 2.6 3.4
2.6 3.3 5.1 5.2
3.1 3.1 3.0 3.1 5.0
2.9 4.7 4.8
4.6
4.3 4.3 4.2 4.3 4.4
7.0 7.3 7.4
6.5 6.6 6.8
5.7 5.8 6.0 6.3 6.1
11.3 11.3 11.2 11.3 11.9 12.1 12.3 12.6 13.0 13.1
10.7
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Hair Care Shower & Bath Deodorants
Oral Care Shaving Natural Personal Care
+1.6%(1)
+2.7%(1)
+2.4%(1) 92.9
88.5
84.5
76.7 75.4
66.4
+3.9%(1) +3.0%(1)
27.6 25.6
21.9 21.5
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+1.5%(1)
139.9 +1.5%(1)
128.0 +1.7%(1) +0.8%(1)
119.6
109.6
103.4 103.4
98.4
93.6
+4.1%(1)
24.3
19.1
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
90.0% 88.0% 87.0% 83.0% 81.0% 81.0% 81.0% 79.0% 77.0% 77.0% 76.0%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Offline Revenue Share Online Revenue Share
63
41.0% 45.0% 48.0% 49.0% 52.0% 55.0% 57.0% 59.0% 61.0% 62.0% 64.0%
59.0% 55.0% 52.0% 51.0% 48.0% 45.0% 43.0% 41.0% 39.0% 38.0% 36.0%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Desktop Revenue Share Mobile Revenue Share
64
Skin Care
CHAPTER 1
Overview
The Skin Care market has grown 2.6%
Overview: Summary
Summary
skin Care market in 2022 reached to 168.58 billion USD. This is 2.6% more than seems to increase up to 24.5% by 2027.
the previous year’s revenue. The growth has resulted from 18.2% growth in Sun
Protection and 5.2% Body Skin Care. The United States recorded the highest
revenue, and Japan, China, India, and South Korea followed. Of top 20 countries in
revenue. Argentina is reported as having highest growth and India, Brazil,
Indonesia, and Bangladesh followed.
Regarding the market shares, CeraVe, La Roche-Posay and The Ordinary are the
leading companies, and their market share is estimated at 13%. If includes private
label products and Aquaphor, which are the next highest market share
companies, these five key players’ revenue takes 21% of the whole market. Of in-
store and online purchase channel, in-store is still dominant in the market.
However, as the online platform for skin care is flourishing, the online revenue
has constantly increased. It has reached 20.3% of total revenue in 2022 and it
67
Market definition
Skin Care includes cosmetic products designed for care and protection of the
skin. These cover all types of creams and lotions for face, hand and foot care as
well as sunscreen. The products are not used for decorative purposes. Excluded
are skin treatment products with a health focus, e.g. acne treatments, which are
shown in the Consumer Market Outlook as part of OTC Pharmaceuticals.
68
Key Takeaways
In scope Out of scope
Revenue in the Skin Care market amounts to US$181.20bn in 2023. The market is
expected to grow annually by 3.06% (CAGR 2023-2028). This market includes: This market excludes:
In global comparison, most revenue is generated in the United States (US$23,590m • Creams & lotions • Decorative cosmetics
in 2023).
• Sunscreen • Professional products & services
In relation to total population figures, per person revenues of US$23.59 are
generated in 2023. • Eye & hand cream • Skin treatment products (e.g. acne
treatment)
By 2023, 72% of sales in the Skin Care market will be attributable to Non-Luxury • Baby & child skin care
goods.
69
Market Numbers
Skin Care revenues are estimated to increase at a CAGR(1) of 2.8% from 2018 to
2028
Market Size: Global
+2.8%(1) 210.7
206.3
198.5
186.6 192.1 5.5 13.6 5.7
181.2 5.3 13.2
168.6 4.8 5.1 12.5
160.0 163.8 164.4 4.7 11.5 12.0 24.5
158.4 10.8 24.7
4.1 4.3 25.1 24.9
3.9 4.0 9.8 25.3
9.7 9.8 7.8 3.9 8.3 25.6 36.7
25.1 35.9
25.4 26.7 28.0 33.2 34.4
29.7 32.2
31.3
28.2 27.5 28.9
27.8 26.3
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Face Skin Care Natural Skin Care Baby & Child
Body Sun Protection
+3.6%(1)
98.7
79.7
+3.0%(1) +3.8%(1)
43.1 44.1
+6.2%(1)
36.1 35.2
22.0 +4.3%(1)
15.3
2.2 2.8
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+3.4%(1)
+5.0%(1)
27.3
25.9
22.4
19.4
+1.7%(1) +1.2%(1)
+2.6%(1)
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
+1.9%(1)
26.0 26.3
24.6 25.2
23.6 24.1 0.7 0.7
0.7 0.7 1.7 1.7
21.7 22.0 21.7 22.1 0.6 1.6
21.1 0.6 1.5 1.5
0.5 0.6 1.4 3.1 3.1
0.5 1.3 0.5 0.6 1.3 3.2 3.2
1.3 1.0 1.1 3.3
3.3
3.5 3.6 3.7 3.3 4.5 4.6
4.0 4.3 4.4
4.1 4.2
3.8 3.8 3.6 3.8
3.5
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Face Skin Care Natural Skin Care Baby & Child
Body Sun Protection
+3.2%(1)
+3.0%(1) 61.7
+3.2%(1)
51.1 51.2
42.8 42.3
35.1
+3.0%(1)
+3.9%(1)
21.2
17.8
15.5
12.3
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+2.9%(1) +1.0%(1)
+2.3%(1) +1.8%(1)
78.4 80.4
75.7
70.7 72.5
66.1 65.3
61.6
+5.0%(1)
18.2
13.5
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
77
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Offline Revenue Share Online Revenue Share
78
43.0% 47.0% 51.0% 52.0% 55.0% 57.0% 60.0% 62.0% 64.0% 66.0% 68.0%
57.0% 53.0% 49.0% 48.0% 45.0% 43.0% 40.0% 38.0% 36.0% 34.0% 32.0%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Desktop Revenue Share Mobile Revenue Share
79
Fragrances
CHAPTER 1
Overview
The Fragrances market has grown 5.7%
Overview: Summary
Summary
Fragrances market in 2022 reached to 53.44 billion USD. This is 5.7% more than
the previous year’s revenue. The United States recorded the highest revenue, and
Brazil, France, United Kingdom, and Germany followed. Of top 20 countries in
revenue. Nigeria is reported as having highest growth and India, Brazil,
Bangladesh, Philippines and Iran followed.
Of in-store and online purchase channel, in-store is still dominant in the market.
However, as the online platform for fragrances is flourishing, the online revenue
has constantly increased. It has reached 5.4% of total revenue in 2022 and it
seems to increase up to 7.1% by 2027.
82
Market definition
The Fragrances segment includes the consumer market for perfume and Eau de
Toilette and any fragrances which cover normal body odor. The segment does not
include room scents (see: Home and Laundry Care) or deodorants and
antiperspirants (see: Personal Hygiene). The world's major manufacturers of
fragrances and perfumes are Givaudan, Firmenich, IFF and Symrise whch mainly
serve as suppliers for brand manufacturers. In the end consumer market, both
brands of large cosmetics manufacturers, e.g. L'Oréal (Lancôme), as well as those
under licence from fashion brands are well-known.
83
Key Takeaways
In scope Out of scope
Revenue in the Fragrances market amounts to US$58.27bn in 2023. The market is
expected to grow annually by 2.95% (CAGR 2023-2028). This market includes: This market excludes:
In global comparison, most revenue is generated in the United States (US$8,715m • Perfume • Deodorants
in 2023).
• Eaux de toilette • Room scents
In relation to total population figures, per person revenues of US$7.58 are
generated in 2023.
84
Market Numbers
Fragrances revenues are estimated to increase at a CAGR(1) of 2.4% from 2018
to 2028
Market Size: Global
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
+4.1%(1)
+2.8%(1)
22.6
19.7
17.7 +3.8%(1)
16.7
+6.3%(1) 13.8
10.3 11.0
7.1
+3.6%(1)
0.9 1.1
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+2.1%(1)
9.5
8.4
+2.6%(1) +0.8%(1)
+1.3%(1)
+4.0%(1)
2.5 2.5 2.6
2.2 1.9
1.5 1.8
1.2
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
+1.6%(1)
8.3 8.4
7.9 8.1
7.6 7.7
7.2 7.2 7.0
6.7
6.2
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
+2.4%(1)
+2.8%(1)
+3.5%(1)
24.3
23.3
21.7 21.1
19.7
17.6
+3.9%(1)
7.3 +3.1%(1)
5.8
2.5 3.0
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+0.6%(1)
+2.2%(1)
40.2
38.7
36.7
+1.6%(1)
32.2
+1.4%(1)
27.2
24.7
23.3
21.4
+4.2%(1)
0.8 1.1
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
97.0% 97.0% 97.0% 95.0% 95.0% 95.0% 95.0% 94.0% 93.0% 93.0% 93.0%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Offline Revenue Share Online Revenue Share
92
38.0% 41.0% 43.0% 45.0% 47.0% 49.0% 50.0% 51.0% 52.0% 53.0% 54.0%
62.0% 59.0% 57.0% 55.0% 53.0% 51.0% 50.0% 49.0% 48.0% 47.0% 46.0%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Desktop Revenue Share Mobile Revenue Share
93
Beauty Tech
CHAPTER 1
Overview
The Beauty Tech market will grow fast in the future
Overview: Summary
Summary
Beauty Tech market in 2022 reached to 7.88 billion USD. This is 6.9% less than the
previous year’s revenue. The United States recorded the highest revenue, and
Japan, China, India, and South Korea followed. Of top 20 countries in revenue.
India is reported as having highest growth and Argentina, Indonesia, and Brazil
followed. While the growth rate has decreased last two years, it will reach to 10.39
billion USD in 2028.
96
Market definition
Beauty tech refers to the intersection of technology and the beauty industry. It Following the above-mentioned definition of beauty tech, our research focuses on
encompasses the use of advanced technologies, such as artificial intelligence (AI), personalized cosmetics-related products and smart skincare devices. The market
augmented reality (AR), and the Internet of Things (IoT), to enhance and data only covers the B2C market. Revenue is estimated and based on where the
revolutionize various aspects of the beauty and cosmetics sector. Beauty tech transaction occurs. The Beauty Tech page provides market insights, highlighting
involves the development and application of digital tools and devices that aim to changes in revenue trends, users, and average revenue per user.
enhance beauty-related experiences, improve skincare routines, and provide
personalized beauty solutions.
L’Oréal, for example, has launched a lipstick printer, called Rouge Sur Mesure,
which generates a custom-made lipstick shade at the touch of a button, with the
dedicated app recommending a lipstick shade or users selecting their preferred
color. Another well-known beauty tech product is Luna Fofo, a smart skincare
device invented by the Swedish company Foreo. It is an electronic facial cleansing
brush that includes a skin analysis function. Thanks to their advanced technology,
these products enable consumers to have new beauty-related experiences.
97
Key Takeaways
In scope Out of scope
Revenue in the Beauty Tech market amounts to US$8.15bn in 2023. The market is
expected to grow annually by 4.98% (CAGR 2023-2028). This market includes: This market excludes:
In global comparison, most revenue is generated in the United States (US$1,379m • Personalized cosmetics devices • Nailcare products
in 2023).
• AR beauty apps • Hair and ora care products
In relation to total population figures, per person revenues of US$1.06 are
generated in 2023. • Smart beauty mirrors • B2B products
98
Market Numbers
Beauty Tech revenues are estimated to increase at a CAGR(1) of 4.1% from 2018
to 2028
Market Size: Global
+4.1%(1)
10.39
9.82
9.51 9.34
8.88
8.46 8.46
7.88 8.15
7.23
6.92
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
+6.1%(1)
5.7
4.0
+3.1%(1)
+2.7%(1)
2.3
2.1 1.9
1.8
+16.1%(1) +3.8%(1)
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+6.0%(1) +2.3%(1)
1.5 1.6
1.4
1.1
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
+3.3%(1)
1.3 1.3
1.2
1.2
1.1 1.1
1.1 1.1
1.0
0.9 1.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
+2,4%(1)
3,26
+2,8%(1)
2,83
-7.2%(1) 2,49
2,11
+5.4%(1) 1.90
1.22 1.21
0.89
+13,4%(1)
0,05 0,10
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Europe Africa Americas Asia Australia & Oceania
+1.9%(1) +0.5%(1)
+2.3%(1)
+1.7%(1)
4.5 4.4 4.5
4.3 4.1
4.0
3.7 3.8
+6.0%(1)
1.1
0.7
2022 2028 2022 2028 2022 2028 2022 2028 2022 2028
Appendix
• Product Overivew
• Author
STATISTA MARKET INSIGHTS
107
Author
Hyein Jeong
Analyst
support@statista.com
Hyein Jeong did her master's in Economics with a focus on behavioral economics at
the University of Bonn. Before the master's course, she double majored in
Economics and Mathematics at Handong University in South Korea. She has gained
a comprehensive understanding of data analysis working at a financial market
research company and several economics research institutes. In the Consumer
Market Insights, she is mainly responsible for beauty and luxury markets.
108
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