Premium Beauty and Personal Care

In 2023, premium beauty and personal care in China saw a notable current value rebound from the decline seen in 2022, although sales did not quite return to the 2021 level. After premium skin care, premium colour cosmetics is the largest category…

In Singapore, premium beauty and personal care maintained solid current value growth in 2023, with premium fragrances and premium skin care standing out as the primary drivers of actual value growth, and remaining the largest categories overall. This…

Premium beauty and personal care maintained solid but slowing current value growth in South Korea in 2023. Within premium beauty and personal care, fragrances, BB/CC creams, hand care, and lipstick demonstrated robust growth, amongst others. These…

Premium beauty and personal care continued to grow in current value terms in Japan in 2023, partly due to increased opportunities for going out, and a return to department stores. Particularly strong growth was seen by premium lip products, premium…

While restrictions were eased in 2021, the COVID-19 crisis continued to constrain demand for premium beauty and personal care products. The deep economic impact of efforts to curb the spread of COVID-19 continued to focus consumers’ spending on…

India is one of the fastest growing economies in the world, with a large young population. Its rising GDP per capita is fuelling the growth of the economy. Real GDP in India continued to expand in 2022, recording 7% growth, outperforming the average…

The pandemic further accelerated the trend of local consumers gaining greater knowledge of skin care ingredients. With prolonged time spent at home, consumers extensively researched ingredients used in various products and looked for skin care…

Premium beauty and personal care experienced a recession at the beginning of 2022, but was able to recover to see higher current value growth than in 2021 in the year overall, driven by the removal of the requirement to wear a face mask as COVID-19…

Premium beauty and personal care remains a niche in Uzbekistan, with the majority of the population not being able to afford products in the premium segment. Even the better-off consumers in major cities and in the capital city of Tashkent have low…

While in 2022 Pakistan largely put the disruptions caused by the pandemic behind it, there were other challenges. Massive devaluation of the Pakistani rupee against major world currencies and spiralling double-digit inflation, partly caused by the…

Premium beauty and personal care witnessed outstanding performance in 2022, with value sales climbing dramatically. More affluent consumers were less affected by the rising cost of living than low-income consumers, and with the pandemic losing its…

In 2022, premium beauty and personal care recorded a stronger current value performance than seen since 2019, driving sales above the pre-pandemic level. The reopening of shopping centres and brand stores was the main reason for this growth, since…

In 2022, premium beauty and personal care saw dynamic current value growth and recovered to the pre-COVID-19 level of sales, as there were no longer pandemic restrictions, and consumers’ confidence in spending returned. Consumers who purchase premium…

Azerbaijan’s proximity to both Ukraine and Russia has created a lot of uncertainty and while Azerbaijan benefitted from increasing global energy prices as a result of the war - on the flip side, Azerbaijan is heavily dependent on trade and raw…

Premium beauty and personal care flourished in 2022 with the reopening of the economy, the return to in-person shopping and the return of inbound tourism all fuelling growth. Premium skin care was one of the top performers, being resilient to the…

Premium beauty and personal care in Indonesia has tended to be dominated by global brands. Premium products in beauty and personal care categories have a distinct target audience, comprised of consumers who can afford such products. These consumers…