Cosmetics And Beauty Market Forecast, Trends, Opportunities And Growth Drivers 2025-2034
Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts. How has the cosmetics and beauty market size changed in recent years, and what is the outlook ahead? The cosmetics and beauty market size has grown strongly in recent years. It will grow from $253.28 billion in 2024 to $268.01 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growing demand for personal grooming, a rise in disposable income, increasing urbanization, the influence of Western beauty standards, and the expansion of retail and e-commerce. The cosmetics and beauty market size is expected to see strong growth in the next few years. It will grow to $332.59 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to a surge in demand for organic products, rising male grooming awareness, a focus on skin health and wellne...