Beauty is set to keep accelerating, with the global cosmetics market projected to grow at a 9.6% CAGR from 2024 to 2032. At the same time, consumer behavior is moving fast, with 58% of shoppers reporting brand switching in the last 12 months for beauty or personal care. From skincare’s scale to EU regulation and RAPEX notifications, the figures reveal a market where innovation, compliance, and influence collide.
Key Takeaways
- 9.6% CAGR projected for the global cosmetics market from 2024 to 2032
- $135.9 billion global skincare market size forecast for 2032
- $85.1 billion global makeup market size forecast for 2030
- United States cosmetics product retail sales reached about $21.0 billion in 2023
- In the UK, cosmetics sales were about £5.8 billion in 2023
- China accounted for about 31% of global beauty and personal care sales in 2023
- EU cosmetics regulation requires GMP compliance for cosmetic product manufacturing under Article 8
- The EU Rapid Alert System (RAPEX) reported 1,047 cosmetic notifications in 2023
- In the EU, animal testing for cosmetic ingredients/products is banned since 2013
- 45% of beauty consumers said social media influences their makeup/skincare purchases in 2023
- In 2023, 41% of consumers used a QR code to view product information on-pack (beauty/CPG survey)
- Women accounted for 46% of US discretionary spending growth on beauty categories in 2023
- In 2023, the US made up 19% of global cosmetics and personal care value sales
- In 2023, the UK accounted for 2.8% of global beauty and personal care value sales
- In 2023, the European cosmetics market exceeded €90 billion in retail value sales
Global cosmetics are projected to grow fast, driven by skincare demand, influencer-led choices, and stricter EU rules.
Related reading
- Statistics · Health And Beauty ProductsCosmetics Beauty Industry Statistics
- Statistics · Health And Beauty ProductsCosmetics Skincare Industry Statistics
- Statistics · Health And Beauty ProductsSouth Korea Cosmetics Industry Statistics
- Statistics · Health And Beauty ProductsFrance Cosmetics Industry Statistics
01 · Category
Market Size10 stats
01
9.6% CAGR projected for the global cosmetics market from 2024 to 2032[1]
02
$135.9 billion global skincare market size forecast for 2032[1]
03
$85.1 billion global makeup market size forecast for 2030[1]
04
$12.3 billion global hair care market size in 2023[1]
05
$20.2 billion global fragrance market size in 2023[1]
06
$94.4 billion global body care market size forecast for 2032[1]
07
$8.1 billion global nail products market size in 2023[1]
08
$7.5 billion global deodorants market size in 2023[1]
09
$5.5 billion global sunscreen market size in 2023[1]
10
$11.4 billion global personal care color cosmetics market size forecast for 2032[1]
Interpretation
Market Size Interpretation
With the global cosmetics market forecast to grow at a 9.6% CAGR from 2024 to 2032 and skincare alone reaching $135.9 billion by 2032, the market size outlook signals sustained large-scale expansion across core beauty categories.
02 · Category
Industry Trends7 stats
01
United States cosmetics product retail sales reached about $21.0 billion in 2023[2]
02
In the UK, cosmetics sales were about £5.8 billion in 2023[2]
03
China accounted for about 31% of global beauty and personal care sales in 2023[3]
04
Consumers in the US spent $1.9 billion on hair styling products in 2023[2]
05
Anti-pollution skincare product launches increased by 12% globally from 2022 to 2023[4]
06
Clinique, Estée Lauder, and L’Oréal collectively held about 21% of US prestige skincare sales in 2023[5]
07
In 2023, the number of RAPEX notifications for cosmetics increased year over year[6]
Interpretation
Industry Trends Interpretation
Industry Trends are increasingly shaped by rising demand for advanced protection and brand consolidation, with anti-pollution skincare launches up 12% globally from 2022 to 2023 and leading players like Clinique, Estée Lauder, and L’Oréal together taking about 21% of US prestige skincare sales in 2023.
03 · Category
Regulation & Safety5 stats
01
EU cosmetics regulation requires GMP compliance for cosmetic product manufacturing under Article 8[7]
02
The EU Rapid Alert System (RAPEX) reported 1,047 cosmetic notifications in 2023[6]
03
In the EU, animal testing for cosmetic ingredients/products is banned since 2013[7]
04
EU REACH requires registration of substances manufactured/imported above 1 tonne per year[8]
05
EU CMR and endocrine disruptor restrictions can limit use of certain substances in cosmetics under CLP/REACH frameworks[8]
Interpretation
Regulation & Safety Interpretation
As regulation tightens across Europe, especially with EU GMP compliance under Article 8 and RAPEX recording 1,047 cosmetic notifications in 2023, the Regulation & Safety landscape is increasingly driven by active oversight while bans like the 2013 end to animal testing and substance controls under REACH and CLP restrict what can be used.
More related reading
04 · Category
Consumer Behavior5 stats
01
45% of beauty consumers said social media influences their makeup/skincare purchases in 2023[9]
02
In 2023, 41% of consumers used a QR code to view product information on-pack (beauty/CPG survey)[10]
03
Women accounted for 46% of US discretionary spending growth on beauty categories in 2023[11]
04
In 2024, 58% of consumers reported switching to a different brand in the last 12 months for beauty or personal care[12]
05
In 2024, 44% of consumers stated they trust recommendations from creators/influencers for beauty products[13]
Interpretation
Consumer Behavior Interpretation
Consumer behavior in beauty is being heavily shaped by digital influence and rapid brand switching, with 45% of shoppers saying social media affects purchases and 58% switching brands in the last 12 months in 2024.
05 · Category
Market Performance3 stats
Interpretation
Market Performance Interpretation
In 2023, the US led global market performance with 19% of cosmetics and personal care value sales while the UK contributed 2.8%, and Europe’s retail value topped €90 billion, showing a highly concentrated but strongly expanding regional momentum in the beauty cosmetics market.
Reference
Cite This Report
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APA
Christopher Morgan. (2026, February 13). Beauty Cosmetics Industry Statistics. Gitnux. https://gitnux.org/beauty-cosmetics-industry-statistics
MLA
Christopher Morgan. "Beauty Cosmetics Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/beauty-cosmetics-industry-statistics.
Chicago
Christopher Morgan. 2026. "Beauty Cosmetics Industry Statistics." Gitnux. https://gitnux.org/beauty-cosmetics-industry-statistics.
Sources & references
13 sources cited across this report