2025 Developments
Beauty and personal care in Serbia demonstrated steady growth supported by increasing consumer sophistication and economic stability, with retail value sales reaching RSD71,774 million in 2025 and year-on-year growth at 6%. Despite a declining population, rising per capita spending power and heightened price sensitivity fostered a unique market dynamic where consumers strategically balance premium and value offerings, particularly favouring private label products that match established brands in quality but offer significant cost advantages. Drugstores such as dm and Lilly played a critical role by expanding assortments and employing competitive pricing strategies, while e-commerce rapidly gained traction, which is being driven by convenience and digital engagement.
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Overview:
Understand the latest market trends and future growth opportunities for the Beauty and Personal Care industry in Serbia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Baby and Child-Specific Products
- Bath and Shower
- Colour Cosmetics
- Deodorants
- Depilatories
- Fragrances
- Hair Care
- Men's Grooming
- Oral Care
- Skin Care
- Sun Care
- Premium Beauty and Personal Care
- Mass Beauty and Personal Care
If you're in the Beauty and Personal Care industry in Serbia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Beauty and Personal Care in Serbia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Beauty and Personal Care in Serbia?
- Which are the leading brands in Serbia?
- How are products distributed in Serbia?
- To what extent is e-commerce changing the retail environment and consumer demand?
- How are sales of mass versus premium beauty products evolving?
- Which products are seeing rising demand in the wake of COVID-19?
- Why are changing lifestyles and consumer behaviour patterns stimulating growth of some categories but not others?
- How is the macroeconomic environment shaping demand?
- Where is future growth expected to be most dynamic?
Beauty and Personal Care in Serbia
2025 Developments
Key Data Insights
Steady Growth Driven by Consumer Price Sensitivity and Evolving Wellness Preferences
Mass Market Expansion Fuels Value Segment Growth
Private Label Innovation Reshapes Consumer Behaviour and Market Dynamics
Rising Consumer Awareness and Economic Shifts to Drive Steady Growth
Hair Care to Lead in Value While Sun Care Surges
Private Label Innovation and Sustainability to Reshape Consumer Choice and Brand Strategy
Leading Manufacturers Strengthen Their Lead through Innovation and Broad Portfolios
Private Label Product Innovation and Digital Strategies Create Competitive Opportunities
Health and Beauty Specialists Lead While Discounters and E-Commerce Gain Traction
Online Platforms Expand Reach by Catering to Convenience and Trust Factors
Baby and Child-Specific Products in Serbia
Key Data Insights
Baby and Child-Specific Products Summary
Consumers Shift Spending to Fewer Children Amid Steady Category Growth
Baby Wipes Lead Sales Driven by High Volume and Broad Consumer Acceptance
Serbian Parents Embrace Safe, Natural Ingredients and Eco-Conscious Packaging
Serbian Parents to Shift to Private Label and Quality Products Amid Steady Growth
Baby Wipes to Dominate Sales While Sun Care Leads Growth Fuelled by Natural Concerns
Consumer Demand for Natural Ingredients and Influencer Impact to Reshape Product Choices
Leading Manufacturers Face Increasing Competition Amid Shifting Market Shares
Trusted Brand Leadership and Sustainability Drive Consumer Loyalty and Growth Opportunities
Health and Beauty Specialists Lead Retail Sales with Broad Assortment and Trusted Brands
E-Commerce Growth Accelerates with Convenience and Trust in Online Baby Care
Bath and Shower in Serbia
Key Data Insights
Bath and Shower Summary
Steady Value Growth Driven by Consumer Wellness Focus Amid Economic Stability
Bar Soap Leads in Volume While Intimate Hygiene Grows
Sustainability and Eco-Friendly Packaging Regulation Reshape Consumer Choices
Private Label and Affordability to Drive Steady Growth Amid Economic Shifts
Bar Soap Volume to Decline as Multifunctional Products Capture Value Growth
Sustainability and Skin Care Innovation to Reshape Product Offerings and Packaging
Leading Players Strengthen Their Leadamid Shifting Shares
Private Label Growth and Innovation Offer Strategic Pathways for Competitors
Health and Beauty Specialists Drive Growth by Innovating Wellness-Focused Assortments
E-Commerce Gains Traction with Digital Platforms Enhancing Consumer Choice
Colour Cosmetics in Serbia
Key Data Insights
Colour Cosmetics Summary
Health and Beauty Specialists and Social Media Shape Rapid Growth and Consumer Behaviour Shifts
Korean Brands and "Skinimalism" Drive Innovation and Consumer Loyalty
Drugstores and Asian Brands to Drive Inclusive Product Expansion and Consumer Engagement
Colour Cosmetics Sets/Kits Accelerate Growth through Premiumisation and Convenience Demand
Top Companies Strengthen Dominance through Targeted Innovation and Pricing
Innovation in Product Formats and Strategic Retail Positioning Fuel Growth and Opportunities
Health and Beauty Specialists Lead by Blending Trust with Viral Innovation
E-Commerce Growth, Driven by Rapid Delivery and Specialised Platforms, Challenges Offline Dominance
Deodorants in Serbia
Key Data Insights
Deodorants Summary
Price Sensitivity Drives Volume Growth Despite Modest Value Increase
Deodorant Sprays Lead in Value While Sticks Gain Traction
Private Label Offerings Capitalise on Affordability and Skin Health Trends to Win Consumers
Serbian Consumers Embrace Active Lifestyles, Fuelling Deodorant Demand
Private Label Products and Innovation to Reshape Competitive Dynamics
Leading Manufacturers Consolidate Market Shares Amid Modest Shifts
Brand Innovation and Price Strategy Drive Consumer Loyalty and Growth
Health and Beauty Specialists Lead with Broad Selections and Private Label
E-Commerce Platforms Gain Traction with Convenience and Product Variety
Depilatories in Serbia
Key Data Insights
Depilatories Summary
Steady Growth Driven by Convenience and Diverse Offerings in Hair Removal
Hair Removers/Bleaches' Growth Supported by Innovation and Efficacy
Shift to Clean Formulations and On-The-Go Formats Reshapes Consumer Preferences
Consumers to Shift toward Affordable, Personalised Depilatory Solutions Amid Demographic Decline
Manufacturers to Innovate with Natural Ingredients and Skin-Focused Formulations to Meet Consumer Demands
Retailers and Brands Leverage Affordability and Convenience to Capture Evolving Consumer Base
Leading Manufacturers Sustain Strong Shares Amid Moderate Market Shifts
Health and Beauty Specialists Lead Growth by Expanding Premium and Private Label Assortments
E-Commerce Growth Reshapes Convenience and Accessibility in Hair Removal Shopping
Fragrances in Serbia
Key Data Insights
Fragrances Summary
Mass Fragrances Lead Growth Driven by Drugstore Imports and Pricing
Celebrity Partnerships Bolster Premium Fragrances and Attract Younger Consumers
Drugstores and Price-Sensitive Consumers to Drive Mass Fragrances Expansion
Mass Fragrances Retain Dominance While Premium Fragrances Lead Value Growth
Leading Companies Strengthen Position Amid Moderate Concentration Shifts
Digital Innovation and Strategic Partnerships Create Growth Avenues
Health and Beauty Specialists and Offline Retail Maintain Dominance Driven by Price and Assortment
E-Commerce Growth Reshapes Purchasing Habits with Discount-Driven Online Leaders
Competitive Pricing and Direct Imports Fuel Retail Innovation and Channel Shifts
Hair Care in Serbia
Key Data Insights
Hair Care Summary
Steady Retail Value Growth Reflects Strengthening Consumer Demand Amid Demographic Shifts
Premium Salon Professional Hair Care Drives Growth through Innovative Treatments
Brands Leverage Targeted Innovation to Meet Evolving Hair Care Needs and Lifestyles
Add-On Hair Care Products and Private Label Expansion to Accelerate Market Growth
Salon Professional Hair Care to Lead Value Growth While Mainstream Products Dominate Volume
Diversified Ingredients and Informed Consumers to Reshape Hair Care Strategies and Innovation
Leading Manufacturers Strengthen Position through Distribution and Innovation
Innovation and Distribution Partnerships Create Growth Opportunities for Competitors
Health and Beauty Specialists Leverage Expertise and Loyalty to Lead Offline Sales
Retail E-Commerce Grows Rapidly Driven by Convenience and Expert Advice
Men's Grooming in Serbia
Key Data Insights
Men's Grooming Summary
Rising Consumer Expenditure Supports Steady Growth Despite Population Decline
Men's Shaving Leads in Value While Fragrances Show Strong Dynamic Growth
Brands Drive Anti-Ageing Trend Amid Rising Demand for Premium Grooming
Serbian Retailers to Expand Men’S Grooming Range to Capture Growing Demand
Rising Demand for Clean, Sensitive, and Anti-Ageing Products to Reshape Product Offerings
Leading Manufacturers Strengthen Positions Amid Moderate Concentration Shifts
Gillette’S Innovation and Brand Loyalty Secure Leadership Amid Competitive Shifts
Health and Beauty Specialists Expand Presence and Drive Offline Dominance with Competitive Pricing
E-Commerce Growth Fuelled by Convenience and Specialised Platforms Enhances Online Sales
Oral Care in Serbia
Key Data Insights
Oral Care Summary
Steady Value Growth Driven by Evolving Consumer Needs and Economic Conditions
Toothpaste Dominates Sales While Dental Floss Gains Momentum with Innovation
Hello Smile’S Sustainable Toothpaste Exemplifies Shift to Eco-Conscious Innovation
Rising Consumer Awareness and Economic Stability to Fuel Category Growth
Toothpaste to Retain Its Dominance While Mouth Fresheners Leads Growth Momentum
Premiumisation and Technological Innovation to Reshape Consumer Choices and Competition
Leading Manufacturers Consolidate Dominance through Innovation and Retail Presence
Emerging Brands Leverage Innovation and Niche Positioning to Disrupt Oral Care Landscape
Health and Beauty Specialists Lead by Blending Expertise with Diverse Products
E-Commerce Gains Traction through Convenience and Specialised Offerings
Skin Care in Serbia
Key Data Insights
Skin Care Summary
Consumers Prioritise Skin Care as an Affordable Small Luxury Amid Economic Pressures
Facial Care Leads Value Sales While Multifunctional Products Drive Category Growth
Garnier and Dm Capitalise on Multifunctionality and Affordability to Capture Demand
Private Label Innovations to Shape Affordability and Demand Growth
Facial Care to Lead Growth Driven by Multifunctionality and Efficacy
Digital Influence and Targeted Innovation Transform Consumer Engagement
Leading Manufacturers Leverage Digital Innovation to Expand Market Share
Digital Innovation and Portfolio Diversity Drive Future Growth Opportunities
Health and Beauty Specialists Lead Sales as Discounters Gain Ground
E-Commerce Growth Reshapes Retail Competition with Convenience and Assortment
Sun Care in Serbia
Key Data Insights
Sun Care Summary
Serbian Sun Care Experiences Robust Growth Driven by Daily Usage Shift
Adult Sun Care Leads Value and Volume Growth Amid Evolving Consumer Preferences
Garnier and Dm Drive Category Innovation through Clean Formulas and Convenience
Serbian Consumers Embrace Daily Sun Protection Boosting Category Growth
Adult Sun Care Solidifies Dominance While Hybrid Products Reshape Consumer Preferences
Innovation and Private Label Affordability Drive Expansion and Competitive Dynamics
Beiersdorf and Sarantis Strengthen Dominance through Brand Segmentation
Strategic Brand Positioning and Innovation Drive Leadership and Growth Opportunities
Healht and Personal Care Stores Lead Sun Care Sales While E-Commerce Expands Rapidly
Diverse Retail Formats Adapt to Evolving Consumer Needs and Drive Category Growth
Online Platforms Fuel Sun Care E-Commerce Growth through Convenience and Variety
Premium Beauty and Personal Care in Serbia
Key Data Insights
Premium Beauty and Personal Care Summary
Premium Offerings Accelerate with Steady Growth Amid Economic Resilience
Boutiques Drive Skin and Hair Care Growth with Millennial and Gen X Appeal
Kiehl's Deodorant Exemplifies Clean Reimagined Trend with Gentle, Multi-Use Formula
Consumers to Drive Growth with Demand for Personalised Longevity Skincare
Premium Fragrances to Remain Dominant While Sun Care Accelerates Rapidly
Personalisation, Sustainability and Trading-Up to Shape Brand Strategies and Loyalty
Top Players Consolidate Leadership through Diversified Premium Portfolios
Digital Engagement and Diversified Portfolios Create Growth Opportunities for Manufacturers
Mass Beauty and Personal Care in Serbia
Key Data Insights
Mass Beauty and Personal Care Summary
Steady Value Growth Driven by Trading Down and Consumer Affordability Focus
Mass Hair Care Leads Value Sales While Colour Cosmetics Shows Stronggrowth
Private Label Expands Affordable Sun Protection
Serbian Consumers to Prioritise Affordability Amid Steady Growth Prospects
Leading Brands to Innovate Premium Offerings to Combat Private Label Competition
Key Players Consolidate Leadership Amid Steady Fragmentation
Leading Brands Innovate and Private Label Grows Amid Consumer Price Sensitivity
Country Reports Disclaimer
The following categories and subcategories are included:
Beauty and Personal Care
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- Baby and Child-specific Hair Care
- Baby and Child-specific Skin Care
- Baby and Child-specific Sun Care
- Baby and Child-specific Toiletries
- Baby Wipes
- Medicated Baby and Child-specific Products
- Nappy (Diaper) Rash Treatments
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- Bar Soap
- Bath Additives
- Body Powder
- Body Wash/Shower Gel
- Hand Sanitisers
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- Intimate Washes
- Intimate Wipes
- Liquid Soap
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- Premium Eye Liner/Pencil
- Mass Eye Liner/Pencil
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- Premium Eye Shadow
- Mass Eye Shadow
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- Premium Mascara
- Mass Mascara
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- Premium Other Lash and Brow Make-Up
- Mass Other Lash and Brow Make-Up
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- Premium BB/CC Creams
- Mass BB/CC Creams
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- Premium Blusher/Bronzer/Highlighter
- Mass Blusher/Bronzer/Highlighter
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- Premium Foundation/Concealer
- Mass Foundation/Concealer
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- Premium Powder
- Mass Powder
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- Premium Other Facial Make-Up
- Mass Other Facial Make-Up
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- Premium Lip Gloss
- Mass Lip Gloss
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- Premium Lip Liner/Pencil
- Mass Lip Liner/Pencil
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- Premium Lipstick
- Mass Lipstick
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- Premium Other Lip Products
- Mass Other Lip Products
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- Premium Nail Polish
- Mass Nail Polish
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- Premium Nail Treatments/Strengthener
- Mass Nail Treatments/Strengthener
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- Premium Polish Remover
- Mass Polish Remover
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- Premium Other Nail Products
- Mass Other Nail Products
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- Premium Colour Cosmetics Sets/Kits
- Mass Colour Cosmetics Sets/Kits
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- Deodorant Creams
- Deodorant Pumps
- Deodorant Roll-Ons
- Deodorant Sprays
- Deodorant Sticks
- Deodorant Wipes
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- Hair Removers/Bleaches
- Women's Pre-Shave
- Women's Razors and Blades
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- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
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- 2-in-1 Products
- Colourants
- Conditioners and Treatments
- Hair Loss Treatments
- Perms and Relaxants
- Salon Professional Hair Care
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- Medicated Shampoos
- Standard Shampoos
- Styling Agents
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- Men's Post-Shave
- Men's Pre-Shave
- Men's Razors and Blades
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- Premium Men's Bath and Shower
- Mass Men's Bath and Shower
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- Premium Men's Deodorants
- Mass Men's Deodorants
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- Premium Men's Hair Care
- Mass Men's Hair Care
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- Premium Men's Skin Care
- Mass Men's Skin Care
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- Premium Men's Fragrances
- Mass Men's Fragrances
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- Dental Floss
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- Denture Cleansers
- Denture Fixatives
- Mouth Fresheners
- Mouthwashes/Dental Rinses
- Tooth Whiteners
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- Manual Toothbrushes
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- Battery Toothbrush Replacement Heads
- Battery Toothbrush Units
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- Electric Toothbrush Replacement Heads
- Electric Toothbrush Units
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- Toothpaste
- Oral Care Excl Power Toothbrushes
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- Premium Firming Body Care
- Mass Firming Body Care
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- Premium General Purpose Body Care
- Mass General Purpose Body Care
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- Premium Acne Treatments
- Mass Acne Treatments
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- Premium Face Masks
- Mass Face Masks
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- Premium Liquid/Cream/Gel/Bar Cleansers
- Mass Liquid/Cream/Gel/Bar Cleansers
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- Premium Facial Cleansing Wipes
- Mass Facial Cleansing Wipes
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- Premium Basic Moisturisers
- Mass Basic Moisturisers
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- Premium Anti-Agers
- Mass Anti-Agers
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- Premium Lip Care
- Mass Lip Care
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- Premium Toners
- Mass Toners
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- Premium Hand Care
- Mass Hand Care
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- Premium Skin Care Sets/Kits
- Mass Skin Care Sets/Kits
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- Premium Aftersun
- Mass Aftersun
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- Premium Self-Tanning
- Mass Self-Tanning
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- Premium Sun Protection
- Mass Sun Protection
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- Baby and Child-specific Sun Care
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- Premium Baby and Child-specific Products
- Premium Bath and Shower
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- Premium Eye Liner/Pencil
- Premium Eye Shadow
- Premium Mascara
- Premium Other Lash and Brow Make-Up
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- Premium BB/CC Creams
- Premium Blusher/Bronzer/Highlighter
- Premium Foundation/Concealer
- Premium Powder
- Premium Other Facial Make-Up
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- Premium Lip Gloss
- Premium Lip Liner/Pencil
- Premium Lipstick
- Premium Other Lip Products
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- Premium Nail Polish
- Premium Nail Treatments/Strengthener
- Premium Polish Remover
- Premium Other Nail Products
- Premium Colour Cosmetics Sets/Kits
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- Premium Deodorants
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- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
- Premium Hair Care
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- Premium Firming Body Care
- Premium General Purpose Body Care
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- Premium Acne Treatments
- Premium Face Masks
- Premium Facial Cleansing Wipes
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- Premium Basic Moisturisers
- Premium Anti-Agers
- Premium Lip Care
- Premium Liquid/Cream/Gel/Bar Cleansers
- Premium Toners
- Premium Hand Care
- Premium Skin Care Sets/Kits
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- Premium Aftersun
- Premium Self-Tanning
- Premium Sun Protection
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- Prestige Baby and Child-specific Products
- Prestige Bath and Shower
- Prestige Colour Cosmetics
- Prestige Deodorants
- Prestige Fragrances
- Prestige Hair Care
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- Prestige Body Care
- Prestige Facial Care
- Prestige Hand Care
- Prestige Skin Care Sets/Kits
- Prestige Adult Sun Care
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- Mass Baby and Child-specific Products
- Mass Bath and Shower
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- Mass Eye Liner/Pencil
- Mass Eye Shadow
- Mass Mascara
- Mass Other Lash and Brow Make-Up
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- Mass BB/CC Creams
- Mass Blusher/Bronzer/Highlighter
- Mass Foundation/Concealer
- Mass Powder
- Mass Other Facial Make-Up
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- Mass Lip Gloss
- Mass Lip Liner/Pencil
- Mass Lipstick
- Mass Other Lip Products
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- Mass Nail Polish
- Mass Nail Treatments/Strengthener
- Mass Polish Remover
- Mass Other Nail Products
- Mass Colour Cosmetics Sets/Kits
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- Mass Deodorants
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
- Mass Hair Care
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- Mass Firming Body Care
- Mass General Purpose Body Care
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- Mass Acne Treatments
- Mass Face Masks
- Mass Facial Cleansing Wipes
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- Mass Basic Moisturisers
- Mass Anti-Agers
- Mass Lip Care
- Mass Liquid/Cream/Gel/Bar Cleansers
- Mass Toners
- Mass Hand Care
- Mass Skin Care Sets/Kits
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- Mass Aftersun
- Mass Self-Tanning
- Mass Sun Protection
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- Dermocosmetics Baby and Child-specific Products
- Dermocosmetics Bath and Shower
- Dermocosmetics Colour Cosmetics
- Dermocosmetics Deodorants
- Dermocosmetics Fragrances
- Dermocosmetics Hair Care
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- Dermocosmetics Body Care
- Dermocosmetics Facial Care
- Dermocosmetics Hand Care
- Dermocosmetics Skin Care Sets/Kits
- Dermocosmetics Adult Sun Care
Beauty and Personal Care
This is the aggregation of baby and child-specific products, bath & shower, colour cosmetics, deodorants, depilatories, fragrances, hair care, men's grooming, oral care, skin care and sun care. Black market sales and travel retail are excluded.
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This report originates from Passport, our Beauty and Personal Care research and analysis database.
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