Forecast: Export of Beauty, Make-Up and Skin Care Preparations from France

The export value of beauty, make-up, and skin care preparations from France exhibited fluctuating growth from 2013 to 2023, standing at $10.819 billion in 2023. The year-on-year variation showed significant shifts, including a drop of 11.32% in 2015 and strong growth of 18.18% in 2017. In recent years, the annual growth slowed to around 2.83% between 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged 2.42%, indicating steady but modest growth.

Looking forward to the forecasted period from 2024 to 2028, the export value is expected to follow an upward trend, with a projected CAGR of 2.11% over the next five years and an overall growth rate of 11.01% during the same period.

Future trends to watch for include:

• Enhanced global demand driven by increasing consumer awareness and preference for premium products.
• Expansion of e-commerce platforms enhancing market reach.
• Innovations in organic and sustainable beauty products boosting export potential.
• Potential market disruptions due to geopolitical tensions or economic downturns impacting global trade.