Beauty and personal care in 2024: The big picture
Beauty and personal care witnessed weaker volume and value growth over 2024. The Taiwanese economy slowed in the second half of 2024, with domestic spending falling amid rising costs of living and tighter restrictions on housing loan programs.
2024 key trends
Premiumisation and the addition of skin care benefits continues to propel consumer interest in hair care, body care, skin cleansers and colour cosmetics, supporting value growth. Producers focused on using and promoting high-profile ingredients in their products, such as vitamin B3, B5, peptides, CICA, Ceramide and Retinol, which are already attractive to consumers.
Competitive landscape
L'Oréal Taiwan Co Ltd was the leading company within beauty and personal care in 2024, owing to its diverse brand portfolio spanning multiple categories. L'Oréal Taiwan’s prominence reflects the popularity of premium brands, as the company leads the premium segment with its Lancôme, La Roche-Posay and Kiehl brands.
Retail developments
Health and personal care stores remains the leading distribution channel within beauty and personal care overall in 2024. Watsons and Cosmed are the leading retail chains in health and personal care stores.
What next for beauty and personal care ?
Dermocosmetics brands will maintain steady growth over the forecast period, due to the strong consumer desire for products combining science, efficacy and safety. Dr Wu is the first successful Taiwanese dermocosmetics brand offering affordable prices and gaining high levels of consumer trust.
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Overview:
Understand the latest market trends and future growth opportunities for the Beauty and Personal Care industry in Taiwan 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Baby and Child-Specific Products
- Bath and Shower
- Colour Cosmetics
- Deodorants
- Depilatories
- Fragrances
- Hair Care
- Men's Grooming
- Oral Care
- Skin Care
- Sun Care
- Premium Beauty and Personal Care
- Mass Beauty and Personal Care
If you're in the Beauty and Personal Care industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Beauty and Personal Care in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Beauty and Personal Care in Taiwan?
- Which are the leading brands in Taiwan?
- How are products distributed in Taiwan?
- To what extent is e-commerce changing the retail environment and consumer demand?
- How are sales of mass versus premium beauty products evolving?
- Which products are seeing rising demand in the wake of COVID-19?
- Why are changing lifestyles and consumer behaviour patterns stimulating growth of some categories but not others?
- How is the macroeconomic environment shaping demand?
- Where is future growth expected to be most dynamic?
Beauty and Personal Care in Taiwan
Beauty and personal care in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for beauty and personal care ?
DISCLAIMER
Baby and Child-Specific Products in Taiwan
KEY DATA FINDINGS
Desire for premium products supports category as birth rate falls
Johnson & Johnson Taiwan Ltd retains leading position
Pharmacies lead in the distribution of baby and child-specific products
Desire for premium baby and child-specific products to support category growth
Adult dermocosmetics brands are increasingly used for babies' skin
Brands will extend benefits to include emotional wellbeing
Bath and Shower in Taiwan
KEY DATA FINDINGS
Mature and competitive bath and shower category is dependent on price promotions
Unilever Taiwan Ltd holds a strong lead in bath and shower
Strong preference for health and beauty specialists
Mature bath and shower category faces limited growth
Rising number of single households and smaller families to drive demand for higher quality bath and shower products
Local brands must keep pace with needs of modern consumers
Colour Cosmetics in Taiwan
KEY DATA FINDINGS
South Korean colour cosmetics is highly popular among younger generations
L'Oréal Taiwan Co Ltd leads a highly fragmented competitive landscape
Department stores are leading channel for colour cosmetics
Strong interest in facial make-up will drive category growth
Niche brands emerge from make-up artists
Colour cosmetics offering skin care benefits will remain important
Deodorants in Taiwan
KEY DATA FINDINGS
Stable performance for deodorants category
Nivea Taiwan Co Ltd consolidates its strong lead
Health and personal care stores is firm favourite when buying deodorants
Healthy outlook for the deodorant category
Taiwanese consumers prefer mild scents and fragrances
Ongoing concerns regarding aluminium to shape preferences
Depilatories in Taiwan
KEY DATA FINDINGS
Steady demand for depilatories in Taiwan
Edgewell Personal Care Taiwan dominates the category
Supermarkets is the leading distribution channel
Stable growth with some limitations for depilatories
Younger generations tend to be price sensitive
Growing interest in intimate care and male grooming
Fragrances in Taiwan
KEY DATA FINDINGS
Fragrances perform well in post-pandemic era
Fragrances is led by Fa Hua Fragrance & Cosmetic Co Ltd
Beauty specialists claim the largest value share in distribution
Generation X and Millennials to spearhead growth in fragrances
Emergence of small niche fragrances will continue
Intense competition as landscape becomes more fragmented
Hair Care in Taiwan
KEY DATA FINDINGS
Buoyant growth as consumption of hair care rises
Procter & Gamble Taiwan Ltd secures its firm lead
Health and personal care stores stand out
Desire for higher quality hair care to support category performance
Steady demand for colourants among seniors and Generation Z
Premiumisation offers growth opportunities
Men's Grooming in Taiwan
KEY DATA FINDINGS
Men’s grooming enjoys stable value growth
Edgewell Personal Care Taiwan Ltd takes lead in men’s grooming
Modern grocery retailers are primary channel
Opportunity to expand men’s grooming routines
Men prefer the simplicity of all-in-one products
Strong preference for electric razors will remain
Oral Care in Taiwan
KEY DATA FINDINGS
Growing focus on oral care hygiene ensures steady growth
Hawley & Hazel Chemical (Taiwan) Corp holds a strong lead
Supermarkets is leading channel over 2024
Growing interest in mouth fresheners among younger generations
Promising outlook for children’s oral care
Toothbrush innovations are causing a stir
Skin Care in Taiwan
KEY DATA FINDINGS
Dermocosmetics skin care brands enjoy steady growth
L'Oréal Taiwan Co Ltd leads in skin care
Retail e-commerce is the leading channel in skin care
Competitive marketplace to remain challenging in skin care
Products for skin repair and treatment after aesthetic medicine will rise
Consumers are becoming more knowledgeable and self-informed
Sun Care in Taiwan
KEY DATA FINDINGS
Foreign travellers support demand for sun protection
L'Oréal Taiwan Co Ltd leads in sun care
Department stores is the leading channel in sun care
Better education regarding sun protection is set to support category performance
Daily sunscreen use is on the rise
Suncare usage is set to rise throughout the year
Premium Beauty and Personal Care in Taiwan
KEY DATA FINDINGS
Premium segment maintains steady growth over 2024
L'Oréal Taiwan Co Ltd retains lead in premium segment
Premium brands face a tougher competitive landscape
Premium segment depends on brand developments and communications
Lifestyle brands resonate well with younger generations
Aesthetic medicine will remain prevalent in Taiwan
Mass Beauty and Personal Care in Taiwan
KEY DATA FINDINGS
Mass beauty and personal posts slower growth
Procter & Gamble Taiwan Ltd leads in mass beauty and personal care
Mass beauty and personal care is very mature
Steady value growth in mass beauty and personal care
Consumers may spend more wisely in the mass segment
Dermocosmetics trend will continue to evolve in skin care
The following categories and subcategories are included:
Beauty and Personal Care
-
- Baby and Child-specific Hair Care
- Baby and Child-specific Skin Care
- Baby and Child-specific Sun Care
- Baby and Child-specific Toiletries
- Baby Wipes
- Medicated Baby and Child-specific Products
- Nappy (Diaper) Rash Treatments
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- Bar Soap
- Bath Additives
- Body Powder
- Body Wash/Shower Gel
- Hand Sanitisers
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- Intimate Washes
- Intimate Wipes
- Liquid Soap
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-
-
- Premium Eye Liner/Pencil
- Mass Eye Liner/Pencil
-
- Premium Eye Shadow
- Mass Eye Shadow
-
- Premium Mascara
- Mass Mascara
-
- Premium Other Lash and Brow Make-Up
- Mass Other Lash and Brow Make-Up
-
-
-
- Premium BB/CC Creams
- Mass BB/CC Creams
-
- Premium Blusher/Bronzer/Highlighter
- Mass Blusher/Bronzer/Highlighter
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- Premium Foundation/Concealer
- Mass Foundation/Concealer
-
- Premium Powder
- Mass Powder
-
- Premium Other Facial Make-Up
- Mass Other Facial Make-Up
-
-
-
- Premium Lip Gloss
- Mass Lip Gloss
-
- Premium Lip Liner/Pencil
- Mass Lip Liner/Pencil
-
- Premium Lipstick
- Mass Lipstick
-
- Premium Other Lip Products
- Mass Other Lip Products
-
-
-
- Premium Nail Polish
- Mass Nail Polish
-
- Premium Nail Treatments/Strengthener
- Mass Nail Treatments/Strengthener
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- Premium Polish Remover
- Mass Polish Remover
-
- Premium Other Nail Products
- Mass Other Nail Products
-
-
- Premium Colour Cosmetics Sets/Kits
- Mass Colour Cosmetics Sets/Kits
-
-
- Deodorant Creams
- Deodorant Pumps
- Deodorant Roll-Ons
- Deodorant Sprays
- Deodorant Sticks
- Deodorant Wipes
-
- Hair Removers/Bleaches
- Women's Pre-Shave
- Women's Razors and Blades
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-
- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
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-
- 2-in-1 Products
- Colourants
- Conditioners and Treatments
- Hair Loss Treatments
- Perms and Relaxants
- Salon Professional Hair Care
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- Medicated Shampoos
- Standard Shampoos
- Styling Agents
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-
- Men's Post-Shave
- Men's Pre-Shave
- Men's Razors and Blades
-
-
- Premium Men's Bath and Shower
- Mass Men's Bath and Shower
-
- Premium Men's Deodorants
- Mass Men's Deodorants
-
- Premium Men's Hair Care
- Mass Men's Hair Care
-
- Premium Men's Skin Care
- Mass Men's Skin Care
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-
- Premium Men's Fragrances
- Mass Men's Fragrances
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- Dental Floss
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- Denture Cleansers
- Denture Fixatives
- Mouth Fresheners
- Mouthwashes/Dental Rinses
- Tooth Whiteners
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- Manual Toothbrushes
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- Battery Toothbrush Replacement Heads
- Battery Toothbrush Units
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- Electric Toothbrush Replacement Heads
- Electric Toothbrush Units
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- Toothpaste
- Oral Care Excl Power Toothbrushes
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-
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- Premium Firming Body Care
- Mass Firming Body Care
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- Premium General Purpose Body Care
- Mass General Purpose Body Care
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-
-
- Premium Acne Treatments
- Mass Acne Treatments
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- Premium Face Masks
- Mass Face Masks
-
-
- Premium Liquid/Cream/Gel/Bar Cleansers
- Mass Liquid/Cream/Gel/Bar Cleansers
-
- Premium Facial Cleansing Wipes
- Mass Facial Cleansing Wipes
-
-
-
- Premium Basic Moisturisers
- Mass Basic Moisturisers
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- Premium Anti-Agers
- Mass Anti-Agers
-
-
- Premium Lip Care
- Mass Lip Care
-
- Premium Toners
- Mass Toners
-
-
- Premium Hand Care
- Mass Hand Care
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- Premium Skin Care Sets/Kits
- Mass Skin Care Sets/Kits
-
-
-
-
- Premium Aftersun
- Mass Aftersun
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- Premium Self-Tanning
- Mass Self-Tanning
-
- Premium Sun Protection
- Mass Sun Protection
-
- Baby and Child-specific Sun Care
-
-
- Premium Baby and Child-specific Products
- Premium Bath and Shower
-
-
- Premium Eye Liner/Pencil
- Premium Eye Shadow
- Premium Mascara
- Premium Other Lash and Brow Make-Up
-
- Premium BB/CC Creams
- Premium Blusher/Bronzer/Highlighter
- Premium Foundation/Concealer
- Premium Powder
- Premium Other Facial Make-Up
-
- Premium Lip Gloss
- Premium Lip Liner/Pencil
- Premium Lipstick
- Premium Other Lip Products
-
- Premium Nail Polish
- Premium Nail Treatments/Strengthener
- Premium Polish Remover
- Premium Other Nail Products
- Premium Colour Cosmetics Sets/Kits
-
- Premium Deodorants
-
- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
- Premium Hair Care
-
-
- Premium Firming Body Care
- Premium General Purpose Body Care
-
- Premium Acne Treatments
- Premium Face Masks
- Premium Facial Cleansing Wipes
-
- Premium Basic Moisturisers
- Premium Anti-Agers
- Premium Lip Care
- Premium Liquid/Cream/Gel/Bar Cleansers
- Premium Toners
- Premium Hand Care
- Premium Skin Care Sets/Kits
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-
- Premium Aftersun
- Premium Self-Tanning
- Premium Sun Protection
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- Prestige Baby and Child-specific Products
- Prestige Bath and Shower
- Prestige Colour Cosmetics
- Prestige Deodorants
- Prestige Fragrances
- Prestige Hair Care
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- Prestige Body Care
- Prestige Facial Care
- Prestige Hand Care
- Prestige Skin Care Sets/Kits
- Prestige Adult Sun Care
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- Mass Baby and Child-specific Products
- Mass Bath and Shower
-
-
- Mass Eye Liner/Pencil
- Mass Eye Shadow
- Mass Mascara
- Mass Other Lash and Brow Make-Up
-
- Mass BB/CC Creams
- Mass Blusher/Bronzer/Highlighter
- Mass Foundation/Concealer
- Mass Powder
- Mass Other Facial Make-Up
-
- Mass Lip Gloss
- Mass Lip Liner/Pencil
- Mass Lipstick
- Mass Other Lip Products
-
- Mass Nail Polish
- Mass Nail Treatments/Strengthener
- Mass Polish Remover
- Mass Other Nail Products
- Mass Colour Cosmetics Sets/Kits
-
- Mass Deodorants
-
- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
- Mass Hair Care
-
-
- Mass Firming Body Care
- Mass General Purpose Body Care
-
- Mass Acne Treatments
- Mass Face Masks
- Mass Facial Cleansing Wipes
-
- Mass Basic Moisturisers
- Mass Anti-Agers
- Mass Lip Care
- Mass Liquid/Cream/Gel/Bar Cleansers
- Mass Toners
- Mass Hand Care
- Mass Skin Care Sets/Kits
-
-
- Mass Aftersun
- Mass Self-Tanning
- Mass Sun Protection
-
- Dermocosmetics Baby and Child-specific Products
- Dermocosmetics Bath and Shower
- Dermocosmetics Colour Cosmetics
- Dermocosmetics Deodorants
- Dermocosmetics Fragrances
- Dermocosmetics Hair Care
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- Dermocosmetics Body Care
- Dermocosmetics Facial Care
- Dermocosmetics Hand Care
- Dermocosmetics Skin Care Sets/Kits
- Dermocosmetics Adult Sun Care
Beauty and Personal Care
This is the aggregation of baby and child-specific products, bath & shower, colour cosmetics, deodorants, depilatories, fragrances, hair care, men's grooming, oral care, skin care and sun care. Black market sales and travel retail are excluded.
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This report originates from Passport, our Beauty and Personal Care research and analysis database.
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