Global Beauty and Personal Care Products Market Analysis: Trends, Growth, and Forecasts 2024-2030
The global beauty and personal care products market was valued at USD 557.24 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030. A primary driver of this market growth is the increasing consumer consciousness about personal appearance, with beauty and personal care products—such as skin care , color cosmetics , and hair care —becoming integral to daily grooming routines, particularly among millennials. The rising focus on self-care and personal aesthetics has led to greater demand for these products, especially as they become part of daily rituals aimed at enhancing one’s physical appearance. In addition to the growing awareness about appearance, the market is being further boosted by the introduction of cosmetics containing natural, non-toxic, and organic ingredients . This shift towards safer and more sustainable formulations is appealing to consumers who a...