"The Cosmetics Market in Spain "

As the fifth-largest market in Europe, Spain's cosmetics sector was valued at €9.25 billion in 2022, marking an 11.3% increase from 2021. This market has maintained a positive trade balance since 2006, with exports reaching €6.5 billion—outpacing even the country's iconic sectors of wine, footwear, and olive oil. Notably, Spain is the world's second-largest exporter of perfumes.

The Spanish beauty market is characterized by strong demand, with the average consumer spending €185 on cosmetics in 2022 and using 7 to 9 cosmetic products daily.

Source: Coface

Population: 47.4 million
GDP per capita: $30,090
Business Environment Rating: A1
Average Consumer Spending on Cosmetics: €185 per person