Food & Personal Care market in Cyprus

The Cypriot Food & Personal Care eCommerce market is predicted to reach US$264.8 million by 2023 and accounts for 27.5% of the total eCommerce market in Cyprus. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 17.9%, resulting in a projected market volume of US$510.8 million by 2027. Within the Food & Personal Care market ecommerceDB considers the following two sub-markets: Food & Beverages and Personal Care.

Market development

eCommerce revenue development in the Cosmetics market in Cyprus

The Cypriot Cosmetics eCommerce market is predicted to reach US$9.1 million by 2023 and accounts for 45.2% of the Beauty Care eCommerce market in Cyprus. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 10.4%, resulting in a projected market volume of US$13.5 million by 2027. The Cosmetics eCommerce market is a sub-market of the Beauty Care market. Further categories within the Beauty Care market are: Fragrances, and Other Beauty Care.

eCommerce revenue development in the Cosmetics market in Cyprus

in million US$, in %

Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war

Source: Statista Market Insights, ecommerceDB

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 22.7 2.7 44.4 10.8 38.5 35.7 23.3 66.8
AOV (in US$) 22.1 66.6 14.7 31.8 33.9 28.8 58.3 88.5
CVR (in %) 22.7 2.7 44.4 10.8 38.5 35.7 23.3 66.8
AOV: Average Order Value CVR: Conversion Rate

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