Market Insights Consumer Beauty & Personal Care

Cosmetics - Asia

Asia

In 2024, the revenue in the Cosmetics market in Asia is projected to reach a staggering €41.45bn.
This market is expected to experience a steady annual growth rate of 4.44%, calculated as the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared on a global scale, in the United States emerges as the leading revenue generator, with an estimated revenue of €18,660m in 2024.
In terms of per capita figures, the Cosmetics market in Asia is anticipated to generate a revenue of €9.12 per person in 2024.
Furthermore, by 2024, approximately 72% of the sales in the Cosmetics market will be attributed to Non-Luxury.
Japan's cosmetics market is dominated by high-quality skincare products and innovative technology, catering to the country's beauty-obsessed culture.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.