From 2012 to 2022, the German Skin Care, Make Up, and Cosmetics Market has experienced a mix of fluctuations. The market value stood at 1.5026 billion euros in 2012 and faced a series of declines and recoveries, notably dipping -7.77% in 2013 and peaking at an 8.74% growth in 2017. The market saw a significant drop of -8.85% in 2018 and a steady decline with a -5.08% change in 2021. Although there was a small recovery in 2022 with a 1.95% increase, over the last five years, the market witnessed an average annual decline of -2.77% (CAGR).
Future Trends to Watch:
• Increasing demand for organic and natural products • Growth in e-commerce and online retail channels • Advances in anti-aging and personalized skincare solutions • Greater emphasis on sustainable and eco-friendly packaging • Potential impact of economic factors affecting consumers’ purchasing power
How does Germany rank in Skin Care, Make Up and Cosmetics Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,761,600,000 | 2023 | +1% | +1.18% | |
| 2 | 2 United Kingdom | 1,164,900,000 | 2023 | -0.4% | -0.1% | View data |
| 3 | 3 Spain | 1,051,800,000 | 2023 | +1.58% | +1.87% | View data |
| 4 | 4 Austria | 348,140,000 | 2023 | +3.76% | +3.94% | View data |
| 5 | 5 Romania | 327,640,000 | 2023 | +8.31% | +8.91% | View data |