Australia skincare market: 'Hand Care' forecast as the fastest sector between 2012-2017

Press Release   •   Jul 04, 2013 15:40 BST

The Australia skincare market is suggested to have reached a value of just over AUD 1.2 billion by the beginning of 2007, and is estimated to have hit a valuation of just around AUD 1.32 billion in 2012. From here the industry is predicted to reach a total in 2017 of around AUD 1.5 billion.

Between 2007 and 2012 the Australia skincare market grew at a CAGR of1.95%, and is predicted to increase to a CAGR of 2.51% for the forecast period of 2012 and 2017. In terms of categories, 'Facial Care' is the run away leader in the industry, with the 'Body Care' sector a distant second. The fastest growing category in Australia's skincare market is forecast to be the 'Hand Care' sector, which is predicted to grow at a CAGR of 5.42% during the forecast period.

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