Europe Beauty And Personal Care Products Market Size & Outlook
The beauty and personal care products market in Europe is expected to reach a projected revenue of US$ 197.6 million by 2030. A compound annual growth rate of 6% is expected of Europe beauty and personal care products market from 2023 to 2030.
Europe beauty and personal care products market highlights
The Europe beauty and personal care products market generated a revenue of USD 123.8 million in 2022.
The market is expected to grow at a CAGR of 6% from 2023 to 2030.
In terms of segment, skin care was the largest revenue generating product in 2022.
Color cometics is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
Market revenue in 2022
USD 123.8 million
Market revenue in 2030
USD 197.6 million
Growth rate
6% (CAGR from 2022 to 2030)
Largest segment
Skin care
Fastest growing segment
Color cometics
Historical data covered
2016 - 2021
Base year for estimation
2022
Forecast period covered
2023 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Skin care, Hair care, Color cometics, Fragrances
Key market players worldwide
Unilever PLC, The Estee Lauder Companies Inc Class A, Shiseido Co Ltd, Revlon, Procter & Gamble Co, L'Oreal SA, Coty Inc Class A, Kao Corp, Avon Protection PLC, Oriflame Cosmetics
Other key industry trends
In terms of revenue, Europe region accounted for 23.8% of the global beauty and personal care products market in 2022.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 396.3 million by 2030.
The beauty and personal care products in Europe adhere to EU regulations that are more stringent than those in the U.S., bolstering consumer confidence in product quality. These regulations are overseen by the EU Commission, with Regulation (EC) No. 1223/2009 serving as the primary legislation for finished cosmetics in the EU.
Advancements in technology, such as augmented reality (AR) for virtual makeup try-ons and skincare analysis apps, have enhanced the consumer shopping experience and driven demand for innovative products. In July 2022, Proven Skincare, a U.S. based manufacturer, revealed its global expansion into the European Union and the U.K.
Europe Beauty And Personal Care Products 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 Beauty And Personal Care Products Market Outlook will help companies and investors design strategic landscapes.
Skin Care was the largest segment with a revenue share of 33.2% in 2022.
Horizon Databook has segmented the Europe beauty and personal care products market based on skin care, hair care, color cometics, fragrances covering the revenue growth of each sub-segment from 2016 to 2030.
Europe Beauty And Personal Care Products Market Products Outlook (Revenue, USD Million , 2016-2030)
Skin care
Hair care
Color cometics
Fragrances
Others
Europe Beauty And Personal Care Products Market Distrbution Channel Outlook (Revenue, USD Million , 2016-2030)
Hypermarkets and Supermarkets
Specialty Stores
E-Commerce
Others
Europe Beauty And Personal Care Products Market Type Outlook (Revenue, USD Million , 2016-2030)
Conventional
Organic
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Beauty And Personal Care Products Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Beauty And Personal Care Products Market Outlook from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Europe Beauty And Personal Care Products Market, 2016-2030 (US$M)