Between 2013 and 2023, the market size value per capita for skin care powders and make-up powders in New Zealand has shown a steady growth from $5.12 to $6.57 USD. The year-on-year growth from 2022 to 2023 was approximately 1.23%. Over the last five years, the compound annual growth rate (CAGR) of the market is around 2.02%, indicating a mild yet consistent increase in spending per capita on these products.
Future trends to watch for include:
- An increasing consumer interest in sustainable and organic beauty products potentially driving innovation and growth in this market segment.
- Technological advancements in product delivery and formulation could boost market appeal.
- Rising awareness and men’s grooming trends may broaden the target demographic, expanding market size.
