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In 2024, the Spanish perfumes and cosmetics market amounted to over 11.2 billion euros, roughly 7.7 percent more than the previous year. Of this, skin care products generated over 3.5 billion euros in sales value, making it the most valuable product category.

The global cosmetics market

Personal care is a growing priority of consumers, who are putting more of their money towards products for self-care and beauty, including makeup, skincare, fragrances, and hair care. In 2025, the global cosmetics market raked in over 114.6 billion U.S. dollars. This amount is projected to grow in the next five years, reaching almost 139.3 billion dollars in 2030.