Market Size of Switzerland Cosmetics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.55 % |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Switzerland Cosmetics Market Analysis
The Switzerland Cosmetics Market size is expected to grow from USD 357.32 million in 2023 to USD 405.26 million by 2028, at a CAGR of 2.55% during the forecast period (2023-2028).
- Switzerland is one of the largest cosmetics product markets due to the consumer consciousness about appearance. Millennials in the country increasingly use cosmetics such as foundation, blush, lipsticks, and eye shadow as part of their regular grooming routine. Meanwhile, the packaging design of cosmetic products is considered a branding tool in the cosmetic industry, which attracts consumers and persuades them to buy the product.
- As cosmetics have become an integral part of individuals' lives, consumers in the country prefer to use cosmetics products in convenient packaging designs to carry everywhere. As a result, key players in the market are offering cosmetic products in convenient packaging to attract a large base of consumers.
- Moreover, the emergence of cosmetics with natural, non-toxic, and organic components has also aided market expansion. Thus, the increasing demand for natural, organic, no animal testing, cruelty-free cosmetic products, and innovative and eco-friendly packaging designs are expected to further enhance the market in the market studied. Thus, manufacturers are collaborating with other players to expand their portfolio in the natural cosmetic category.
