The Skin Care, Make Up, and Cosmetics market in Austria has demonstrated substantial growth over the past decade. Since 2012, the market value has increased from 178.6 million Euros to 327.18 million Euros in 2022. This growth has seen occasional fluctuations, with notable dips in 2013 and a remarkable surge in 2016. Over the past two years, the market value grew by 2.69% in 2021 and 2.84% in 2022. Examining the last five years up to 2023, the market achieved an average annual growth (CAGR) of 3.25%, indicating a steady upward trend.
Future trends to watch for in this industry include the increasing consumer preference for organic and natural products, the rise of personalized skincare solutions leveraging AI, and continued growth in online sales channels. Market players should also keep an eye on sustainability trends and the impact of regulatory changes on product formulations and marketing strategies.
How does Austria 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% | View data |
| 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% | |
| 5 | 5 Romania | 327,640,000 | 2023 | +8.31% | +8.91% | View data |
| 6 | 6 Greece | 288,690,000 | 2023 | +2.16% | +1.13% | View data |