Market Size of France Beauty and Personal Care Products
|Study Period||2018 - 2028|
|Base Year For Estimation||2022|
|Market Size (2023)||USD 11.29 Billion|
|Market Size (2028)||USD 12.10 Billion|
|CAGR (2023 - 2028)||1.39 %|
*Disclaimer: Major Players sorted in no particular order
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France Cosmetics Market Analysis
The France Beauty and Personal Care Market size is expected to grow from USD 11.29 billion in 2023 to USD 12.10 billion by 2028, at a CAGR of 1.39% during the forecast period (2023-2028).
The beauty and personal care products market is growing in France owing to the demand for organic and natural products. Consumers are willing to pay more for organic and natural products because of their benefits. The growing demand for anti-ageing products and innovative and eco-friendly packaging designs contribute to the country's market growth. The online retail channels are also influencing sales of beauty and personal care products in the country. According to the E-Commerce Federation and Distance Selling Data from 2022, 43% of beauty and hygiene products were purchased online in France in 2021. A significant increase in the demand for men's grooming products, supported by the preference for multifunctional products, is also driving market growth in the country.
Furthermore, demand for luxury beauty products is also increasing in the region owing to an increase in disposable income, advertising, and promotions of the products. Consumers prefer high-quality products even if they have to pay more. This is because of brand trust and skin sensitivity. The market players are expanding their product portfolios in different countries. For instance, in March 2022, The L'Occitane Group, a leading international retailer and manufacturer of sustainable beauty and well-being products, formed an acquisition with the Australian cosmeceutical, clean skincare brand, Grown Alchemist.