From 2013 to 2023, the sold production of brushes for the application of cosmetics in Germany showed significant fluctuations. Initially, there was steady growth until 2017, with a peak around 2018. However, the market experienced a downturn in 2019 and 2020, correlated with economic disruptions and reduced consumer spending, followed by a recovery starting in 2021.
In 2023, the market volume stood at 814.46 million items. The year-on-year variation noted was a 5.94% increase from 2022, marking a continued recovery. The compound annual growth rate (CAGR) over the last five years has been -1.28%, reflecting the earlier disruptions and subsequent recovery.
Looking forward:
- The forecasted 5-year CAGR from 2023 to 2028 is estimated at 1.94%.
- Overall growth over the next five years is projected to be around 10.06%.
Future trends to watch for include technological advancements in cosmetic brushes, changing consumer preferences towards eco-friendly products, and the impact of economic conditions on discretionary spending. Monitoring these factors could provide more accurate insights into the market dynamics.
