The skin care, make up, and cosmetics market in Germany has shown both growth and contraction from 2013 to 2023, standing at 1.76 billion Euros in 2023. The market experienced significant growth between 2013 and 2017, peaking at 1.82 billion Euros in 2017. However, fluctuations including years with declining values were observed between 2018 and 2021. A notable rebound occurred in 2022 with a 12.28% increase year-on-year, and a moderate growth of 1% in 2023.
Future forecast from 2024 indicates a steady growth with a projected size of 1.85 billion Euros by 2028. The Compound Annual Growth Rate (CAGR) over the next five years is estimated at 0.75%, with an overall growth rate of 3.79% during this period.
Key future trends to watch include:
- Increasing consumer interest in natural and organic products
- Influence of technology and e-commerce on shopping behavior
- Growing awareness and adoption of personalized skincare solutions