The market size for Skin Care, Make Up, and Cosmetics in Portugal has demonstrated significant fluctuations over the past decade. From 2013 to 2017, there was a consistent growth trend, peaking in 2017 with a remarkable year-on-year increase of 12.57%. However, from 2018 onwards, the market experienced a decline, particularly between 2018 and 2020, with negative year-on-year variations of -5.86% and -7.39%, respectively. Despite a recovery beginning in 2021, the market's Compound Annual Growth Rate (CAGR) over the last 5 years stands at -0.15%, indicating overall stagnation.
In 2023, the market value was 225.73 Million Euros, with a modest year-on-year growth of 0.91%. Future trends to watch for include the impact of innovations in product formulations, rising consumer demand for organic and sustainable products, and the potential market disruptions from regulatory changes and economic conditions.
How does Portugal 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 |
| 6 | 6 Greece | 288,690,000 | 2023 | +2.16% | +1.13% | View data |
| 7 | 7 Portugal | 225,730,000 | 2023 | +0.91% | -0.15% | |
| 8 | 8 Denmark | 206,890,000 | 2023 | +2.31% | +1.39% | View data |
| 9 | 9 Slovakia | 164,500,000 | 2023 | +6.91% | +6.31% | View data |
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