The market size for Skin Care, Make Up, and Cosmetics in Estonia has seen varying levels of growth from 2013 to 2023, with notable fluctuations. The market experienced significant growth in early years up until 2014, followed by periods of stabilization interspersed with minor declines. From 2019 onwards, the market demonstrated a mixed but generally upward trend.
The CAGR over the last five years stands at 2.19%, showing a gradual growth trajectory. The latest data from 2023 reveals a market value of 37.949 million euros, indicating a year-on-year growth of 1.76% compared to 2022 and 7.27% compared to 2021.
Future trends to watch for:
- Increasing consumer preference for natural and organic products
- Advancements in skincare technology and personalized products
- Growth in online and digital sales channels
- Potential impacts of economic factors on consumer spending
How does Estonia 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% | View data |
| 5 | 5 Romania | 327,640,000 | 2023 | +8.31% | +8.91% | View data |
| 11 | 11 Bulgaria | 71,678,000 | 2023 | +2.06% | +2.99% | View data |
| 12 | 12 Croatia | 57,073,000 | 2023 | +1.21% | -2.58% | View data |
| 13 | 13 Estonia | 37,949,000 | 2023 | +1.76% | +2.19% | |
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