Beauty And Personal Care Products Industry Forecast to Hit $692.49 Billion by 2029 With a Strong 6.1% CAGR

November 13, 2025 by The Business Research Company

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What Are The Growth Projections For The Beauty And Personal Care Products Market Size During 2025–2029?

The beauty and personal care products market has experienced substantial growth in recent years. It is anticipated to increase from $519 billion in 2024 to $547.3 billion in 2025, achieving a compound annual growth rate (CAGR) of 5.5%. This expansion during the historical period stems from increased consumer consciousness regarding personal hygiene, a rise in disposable incomes, the growing influence of social media and beauty professionals, urbanization coupled with shifting lifestyles, expanded product availability through both retail and e-commerce platforms, and a global surge in demand for anti-aging and skin-enhancing offerings.

The beauty and personal care products market is projected to experience substantial expansion in the coming years, reaching a size of $692.49 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.1%. This growth during the forecast period is propelled by factors such as an increasing demand for clean and sustainable beauty products, the wider embrace of personalized skincare solutions, the expanding influence of social media and digital marketing, the development of the male grooming segment, a surge in wellness-oriented beauty routines, and enhanced accessibility through omnichannel retail strategies. Key trends anticipated during this period encompass the adoption of personalized skincare solutions, the integration of AI and AR for product selection, the shift towards sustainable and refillable packaging, advancements in biotech-based ingredients, the fusion of wellness with skincare, and the emergence of waterless beauty formulations.

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What Are The Drivers Pushing New Developments In The Beauty And Personal Care Products Market?

The rising consumer demand for organic and natural products is expected to fuel the expansion of the beauty and personal care products market in the coming years. Organic and natural products are defined as items crafted from ingredients sourced from plants, minerals, or other natural origins, without the incorporation of synthetic chemicals, pesticides, or fertilizers. This surge in demand is largely influenced by growing consumer knowledge about potential health risks linked to artificial chemicals. Within the beauty and personal care products market, organic and natural options improve offerings by presenting chemical-free choices that are gentler on the skin. They encourage healthier, environmentally friendly beauty routines, serving consumers who are looking for sustainable and non-toxic solutions for skincare, haircare, and cosmetics. For example, in May 2024, according to LETIS S.A., an Argentina-based organic products certification authority, overall organic product sales reached $67.576 billion in 2022, indicating a 4% increase from 2021. Therefore, the increasing demand for organic and natural products is propelling the growth of the beauty and personal care products market.

Which Key Segments Fueling The Beauty And Personal Care Products Market?

The beauty and personal care productsmarket covered in this report is segmented –

1) By Product: Skin Care, Face Skin Care, Body Skin Care, Hair Care, Color Cosmetics, Fragrances, Other Products

2) By Category: Mass, Premium

3) By Distribution Channel: Hypermarkets And Supermarkets, Specialty Stores, E-Commerce, Other Distribution Channels

Subsegments:

1) By Skin Care: Moisturizers, Sunscreens, Anti-aging Creams, Serums, Cleansers

2) By Face Skin Care: Face Creams, Face Masks, Face Oils, Toners

3) By Body Skin Care: Body Lotions, Body Oils, Body Scrubs, Hand And Foot Creams

4) By Hair Care: Shampoos, Conditioners, Hair Oils, Hair Masks, Styling Products,

5) By Color Cosmetics: Face Makeup, Eye Makeup, Lip Makeup, Nail Products

6) By Fragrances: Perfumes, Deodorants, Body Sprays, Eau de Toilette

7) By Other Products: Oral Care Products, Men’s Grooming Products, Baby Care Products, Bath And Shower Products

Which Ongoing Trends Are Expected To Shape The Beauty And Personal Care Products Market Outlook?

Leading companies in the beauty and personal care products market are concentrating on developing advanced innovations, such as 24-hour multi-layer moisturizers, to enhance hydration, boost skin health, and combat aging throughout the day. A 24-hour multi-layer moisturizer is a skincare product engineered to deliver continuous hydration and nourishment to multiple layers of the skin for 24 hours, thereby promoting long-lasting skin health and moisture retention. For instance, in August 2024, Beekman 1802, a US-based skincare company, introduced Milk RX, a 24-hour multi-layer moisturizer. It revolutionizes anti-aging treatments with its groundbreaking Renexosome complex, which combines goat milk exosomes and reseed polypeptides to enhance collagen production, improve skin hydration, and foster firmer, healthier skin, free from the irritation frequently linked with traditional retinol.

Which Major Industry Participants Are Leading The Beauty And Personal Care Products Market Growth?

Major companies operating in the beauty and personal care products market are Procter And Gamble, Johnson And Johnson Services, Inc, Unilever PLC, L’Oréal S.A, Henkel AG And Co. KGaA, The Estee Lauder Companies Inc, Kao Corporation, Beiersdorf AG, Sephora, Shiseido Company Limited, Coty Inc, Natura And Co, Amorepacific Corporation, Mary Kay Inc, Avon Products Inc, Oriflame Cosmetics AG, L’Occitane en Provence, The Honest Company, Glossier, Olive And June, VLCC Personal Care, Shahnaz Husain Group, Credo Beauty, Ras Luxury Oils, WOW Skin Science

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What Are The Key Regional Factors Influencing The Beauty And Personal Care Products Market Growth?

North America was the largest region in the beauty and personal care products market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the beauty and personal care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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