Germany Cosmetics Market Size & Outlook, 2023-2030
Germany cosmetics market, 2018-2030 (US$M)
Related Markets
Germany cosmetics market highlights
- The Germany cosmetics market generated a revenue of USD 11,644.5 million in 2023 and is expected to reach USD 17,263.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
Cosmetics market data book summary
| Market revenue in 2023 | USD 11,644.5 million |
| Market revenue in 2030 | USD 17,263.4 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 3.9% of the global cosmetics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 12,162.8 million by 2030.
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Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 45.01% in 2023. Horizon Databook has segmented the Germany cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
The cosmetics market in Germany is expected to witness significant growth during the forecast period due to increased focus on skincare. The rapid expansion of the natural and organic products segment in the German market is driving the market.
Cosmetic manufacturers in Germany heavily rely on farm-based manufacturing, establishing a global reputation for its commitment to organic and environmentally friendly practices. The growing consumer preference for sustainable, eco-friendly, and locally-sourced products has led to the emergence of companies offering cosmetic products made with natural ingredients and other innovations.
These companies meet the increasing demand for products that combine innovative techniques with an ecofriendly approach, aligning with the values of environmentally-conscious consumers.
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Target buyers of Germany 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany cosmetics market , including forecasts for subscribers. This country databook contains high-level insights into Germany cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cosmetics market size, by product, 2018-2030 (US$M)
Germany Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
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