PUBLISHER: The Business Research Company | PRODUCT CODE: 1764258
PUBLISHER: The Business Research Company | PRODUCT CODE: 1764258
Beauty and wellness represent a comprehensive sector aimed at improving physical appearance, personal care, and overall well-being through practices that support mental, emotional, and physical health. The objective is to foster long-term wellness, inner harmony, and a glowing, confident look. This industry encourages lifestyle choices that nourish both the body and mind.
The key categories within beauty and wellness include skincare products, hair care products, makeup products, food and nutrition items, medicinal products, wellness products, and others. Skincare products are formulated to cleanse, protect, and enhance skin health by incorporating ingredients that improve texture, hydration, and radiance. These products are available across a range of price points, including mass market, mid-market, premium, and luxury, and are distributed through various channels such as supermarkets and hypermarkets, specialty stores, online platforms, and others. They cater to diverse consumer groups, including women, men, Generation Z (Gen Z), millennials, and baby boomers.
The beauty and wellness market research report are one of a series of new reports from The Business Research Company that provides beauty and wellness market statistics, including the beauty and wellness industry global market size, regional shares, competitors with the beauty and wellness market share, detailed beauty and wellness market segments, market trends, opportunities, and any further data you may need to thrive in the beauty and wellness industry. This beauty and wellness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The beauty and wellness market size has grown strongly in recent years. It will grow from $1,573.88 billion in 2024 to $1,720.95 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth during the historic period can be attributed to the increasing preference for at-home beauty treatments, the wider accessibility of beauty and wellness services, rising urbanization and evolving lifestyles, growing interest in male grooming products, and heightened demand for anti-aging and skincare solutions.
The beauty and wellness market size is expected to see strong growth in the next few years. It will grow to $2,427.10 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to innovations in personalized beauty technologies, the increasing integration of AI and AR in skincare solutions, rising consumer demand for clean and sustainable beauty products, growing investments in wellness tourism, and the expanding role of digital health and wellness platforms. Key trends expected during this period include progress in biotech-driven skincare formulations, the integration of smart wellness devices with real-time health monitoring capabilities, the emergence of hybrid models combining beauty and wellness services, advancements in eco-friendly and refillable packaging solutions, and the evolution of virtual try-on features and diagnostic tools.
The increasing demand for natural and organic products is expected to drive the growth of the beauty and wellness market in the coming years. Natural and organic products are formulated with ingredients derived from nature and are free from synthetic chemicals, genetically modified organisms (GMOs), and artificial additives. As health consciousness grows, consumers are turning to natural and organic options to avoid synthetic components and reduce potential health risks. These products contribute to beauty and wellness by incorporating gentle, plant-based ingredients that help minimize irritation, support long-term skin health, and promote a balanced, radiant appearance. For example, in August 2024, the United States Department of Agriculture, a U.S.-based government agency, reported that consumer demand for organic products in the U.S. surpassed $69 billion in 2023, accounting for around 4% of total food sales in the country. Thus, the rising preference for natural and organic products is fueling the growth of the beauty and wellness market.
Leading companies in the beauty and wellness market are prioritizing the development of advanced refill-at-home packaging solutions to address the increasing consumer demand for sustainable alternatives. Refill-at-home packaging is an environmentally friendly system that allows consumers to replenish products using refill packs or cartridges from the comfort of their homes, thereby reducing waste, promoting reusability, and maintaining product quality and user convenience. For example, in January 2023, Above & Beyond, a UK-based personal care packaging company, launched a lip balm housed in an aluminum case. This initiative aims to eliminate single-use plastics, responding to environmental concerns over the vast number of lip balms disposed of in landfills each year. The aluminum case is endlessly recyclable and available in multiple colors, featuring a QR code for convenient reordering. The lip balm refills are made entirely from bio-based materials, using wood from industrial by-products and plant-based binders. Initially, the product was made available exclusively in the U.K.
In August 2023, L'Oreal, a France-based cosmetics company, acquired Aesop for an undisclosed amount. This acquisition was intended to bolster L'Oreal's luxury skincare portfolio and enhance its footprint in the premium natural beauty segment. Aesop is an Australia-based luxury skincare and haircare brand recognized for its high-quality, botanical-based formulations.
Major players in the beauty and wellness market are Louis Vuitton Moet Hennessy, Procter & Gamble (P&G), Johnson & Johnson, Unilever plc, L'Oreal Group, Estee Lauder Companies, Beiersdorf AG, Shiseido, Coty Inc., Puig, Amorepacific Corporation, Avon Products Inc., Revlon Inc., Oriflame Cosmetics, Glossier, Huda Beauty, Rare Beauty, Drunk Elephant, Himalaya Wellness Company, Kylie Cosmetics.
North America was the largest region in the beauty and wellness market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in beauty and wellness report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the beauty and wellness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The beauty and wellness market consists of sales of fragrance products, personal hygiene products, fitness and lifestyle accessories, and aesthetic devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Beauty And Wellness Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on beauty and wellness market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for beauty and wellness ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The beauty and wellness market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.