Growth Forecast for EU Beauty and Skincare Market: Volume to Hit 524K Tons and Value to Reach $10.7B by 2035 – News and Stats

The European Union market for beauty, make-up, and skin care products is projected to grow steadily in the coming years. By 2035, the market volume is expected to reach 524K tons, with a market value of $10.7 billion. This growth is driven by increasing demand across the EU.

Key Details:

• Market Growth: A CAGR of +0.7% in volume and +2.3% in value from 2024 to 2035.
• 2024 Consumption: Decreased to 485K tons, down by -7.5% from the previous year.
• Production: Expected to grow to 848K tons in 2024, with a value of $18.3 billion.
• Top Consuming Countries (2024): France (92K tons), Germany (65K tons), and Spain (52K tons).
• Imports: Dropped to 704K tons in 2024, with a value of $12.9 billion.
• Top Importing Countries: Netherlands, Germany, and France.
• Exports: Decreased to 1.1M tons in 2024 with a value of $22.7 billion.
• Top Exporting Country: France leads with a significant share.

In summary, despite recent fluctuations, the EU’s beauty and skincare market is set for a period of gradual growth driven by continued consumer demand.