Global Beauty Market Predicted to Surpass $742 Billion by 2030, According to Latest Report
The global beauty and personal care products market is witnessing a significant surge. A report released on March 31, 2026, forecasts that the market will reach an impressive $742.08 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3%, as per The Business Research Company’s latest market outlook report.
Valued at $547.3 billion in 2025, the market is projected to expand to $580.65 billion in 2026, indicating a 6.1% year-over-year increase. This robust growth is attributed to several factors:
- Increasing demand for sustainable products
- Rising adoption of clean and natural ingredients
- Technological innovations in AI-based beauty tools
- Growth of e-commerce and direct-to-consumer sales
- Personalized skincare solutions
The report reveals that L’Oréal S.A. led the global sales in 2024 with a 7% market share. However, the market remains fairly fragmented with the top 10 players accounting for just 16% of total market revenue. Major players include The Estée Lauder Companies, LVMH, Procter & Gamble, Henkel, Beiersdorf, Colgate-Palmolive, Shiseido, and Unilever. The study emphasizes that consumer preferences are increasingly leaning towards innovative formulations, natural ingredients, and brands that align with sustainability values.
Source: The National Law Review