Global Cosmetics Market Size & Outlook
The cosmetics industry worldwide is expected to reach a projected revenue of US$ 445,977.7 million by 2030. A compound annual growth rate of 6% is expected of the worldwide cosmetics industry from 2024 to 2030.
Revenue, 2023 (US$M)
$295,950.2
Forecast, 2030 (US$M)
$445,977.7
CAGR, 2024 - 2030
6%
Report Coverage
Worldwide
Global cosmetics market, 2018-2030 (US$M)
Related Markets
Global cosmetics market highlights
- The global cosmetics market generated a revenue of USD 295,950.2 million in 2023 and is expected to reach USD 445,977.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, skin care accounted for a revenue of USD 128,029.1 million in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 295,950.2 million |
| Market revenue in 2030 | USD 445,977.7 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
Other key industry trends
- In terms of revenue, the North America accounted for 23.8% of the global cosmetics market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 2,915.2 million by 2030.
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Cosmetics Market Scope
Cosmetics market segmentation & scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
skin care was the largest segment with a revenue share of 43.26% in 2023. Horizon Databook has segmented the Global cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cosmetics Product Outlook (Revenue, USD Million, 2018-2030)
- Skin Care
- Hair Care
- Makeup
- Fragrance
- Others
- Global Cosmetics End Use Outlook (Revenue, USD Million, 2018-2030)
- Men
- Women
- Global Cosmetics Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Offline
- Online
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Target buyers of Global cosmetics market databook
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Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cosmetics market , including forecasts for subscribers. This global databook contains high-level insights into Global cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global cosmetics market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Cosmetics market size, 2023 (USD Million)
Top 10 countries: Cosmetics market size, 2023 (USD Million)
Global cosmetics market, by region, 2023 (US$M)
Related regional statistics
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