Beauty & Personal Care - Hong Kong

Hong Kong

The revenue in the Beauty & Personal Care market in Hong Kong is projected to reach €2,135.00m in 2024.
It is anticipated that the market will grow annually by 2.07% (CAGR 2024-2029).
The largest segment in this market is Personal Care, with a market volume of €938.30m in 2024.
When compared globally, in the United States generates the highest revenue in this market, amounting to €93bn in 2024.
In terms of per person revenue, in Hong Kong generates €284.70 in 2024.
Furthermore, online sales are expected to contribute 10.8% of the total revenue in the Beauty & Personal Care market in Hong Kong by 2024.
Hong Kong consumers are increasingly gravitating towards clean and sustainable beauty products, reflecting a growing demand for eco-conscious choices in the Beauty & Personal Care market.

Key regions: United States, Worldwide, India, Indonesia, Canada

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.