Market Insights Consumer Beauty & Personal Care

Skin Care - Europe

Europe

In 2024, the Skin Care market in Europe is projected to generate a revenue of €37.96bn.
This market segment is expected to experience a steady annual growth rate of 2.11% (CAGR 2024-2029).
When compared globally, in the United States leads the way in revenue generation, with an estimated amount of €22,580m in 2024.
Taking into account the total population figures, the per person revenue in the Skin Care market is estimated to be €44.98 in 2024.
Looking ahead, by 2024, [maxNon-LuxuryRevenueShare] are predicted to account for approximately [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market.
In France, the market for organic and natural skincare products is booming, with consumers increasingly prioritizing sustainability and eco-friendly options.

Key regions: United Arab Emirates, Malaysia, United Kingdom, South Korea, Indonesia

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Methodology

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.