Market Insights Consumer Beauty & Personal Care

Cosmetics - Germany

Germany

In 2024, the revenue in the Cosmetics market in Germany amounts to €2.61bn.
It is projected to grow at an annual rate of 2.27% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the market, reaching €18,660m in 2024.
In terms of per person revenues, in Germany generates €31.34 per capita in 2024.
Additionally, by 2024, 53% of the sales in the Cosmetics market in Germany will be attributed to Non-Luxury.
Germany's cosmetics market is embracing natural and sustainable beauty products, with a growing demand for organic and vegan options.

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.