Premium beauty and personal care products are anticipated to witness robust growth over the forecast period, buoyed by increased discretionary consumer spending as inflation rates decline, alleviating pressure on household budgets. Although the trend of premiumisation may moderate growth, volumes are expected to pick up, supported by heightened awareness and emphasis on self-care and wellbeing among consumers.
In the forthcoming forecast period, there is an expectation of increased acquisition activity targeting focused premium brands by global companies aiming to bolster their product portfolios. This trend is particularly evident as global players seek to diversify and expand their presence in key markets.
Increased digital engagement is poised to emerge as a prominent trend in the forecast period, with brands and retailers leveraging advanced technologies to enhance the online shopping experience for consumers. This includes the integration of Artificial Intelligence (AI)-powered tools on e-commerce platforms, enabling consumers to personalise product selections based on their unique skin care needs.
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Understand the latest market trends and future growth opportunities for the Premium Beauty and Personal Care industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium Beauty and Personal Care industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Premium Beauty and Personal Care
This is the aggregation of premium colour cosmetics, fragrances, deodorants, skin care, sun care, baby and child-specific products, bath and shower and hair care.
See All of Our DefinitionsThis report originates from Passport, our Premium Beauty and Personal Care research and analysis database.
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