Key Market Indicators
Make-up sales are set to reach $11.2 billion by 2026, growing an average of 1.7% year-on-year. Japan, the United Kingdom and Germany held the next three places in the ranking. Canadian make-up exports are expected to reach $16.1 billion by 2026, increasing at a compound annual growth rate of 2.5%. Since 1994, Canadian supply has increased by 4.9% year-on-year. Canada was in 13th place in 2021, with Belgium coming ahead at $13.9 billion. The United States, Singapore and South Korea held the next three positions in the ranking. Canadian make-up imports are projected to reach $20.7 billion by 2026, with a compound annual growth rate of 2.4%. Since 1994, Canadian demand has risen 4.6% year-on-year. Canada was in seventh place in 2021, with France coming ahead at $17.9 billion. The United States, Singapore and Germany held the next three places in the ranking.
