Market Size of Sweden Cosmetics Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.68 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sweden Cosmetic Products Market Analysis
The Sweden cosmetics products market is projected to witness a CAGR of 6.68% during the forecast period.
- Consumers in the country spend heavily on their appearance and thus use cosmetics products. A union for skin-benefiting and beautifying aspects of new makeup products through research by utilizing natural products is also fueling the demand for cosmetics in the market in Sweden.
- Moreover, consumers also demand enhanced functionality and eco-friendliness in cosmetic designs resulting in exciting innovations in the designs and packaging of cosmetic products. Manufacturing companies also invest in creating innovative and sustainable products, helping them increase their revenues.
- The COVID-19 pandemic has had a negative impact on beauty and cosmetics products in Sweden. Disruptions in the supply chain caused a significant challenge as the demand decreased due to low purchasing power and willingness to buy.
- Furthermore, the on-premise sales through supermarkets and convenience stores witnessed a decline due to subsequent lockdowns and the closure of retail stores, as individuals have been following social distancing measures and avoiding gatherings and outings. However, sales through online retail channels majorly supported the market's growth over the recent past.
