Global Cosmetic Products Market expected to reach approximately USD XXX billion in 2024, growing at double digit CAGR between 2018 and 2024. The Asia Pacific accounts for a major share in the global personal care industry; increasing demand in the region is attributed to its bulging population. In the U.S, growing Hispanic population is propelling demand for luxurious personal care brands and will escalate during the forecast years.
The report covers forecast and analysis for the cosmetic products market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the cosmetic products market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cosmetic products market on a global level.
This report offers a comprehensive analysis of global cosmetic products market along with, market trends, drivers, and restraints of the cosmetic products market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and the primary research team of industry experts.
The study provides a decisive view on the cosmetic products market by segmenting the market based on product, form, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on product, the segmentation of cosmetic products market is skin care products, hair care products, color cosmetics, fragrances, personal care products, and oral care products. Based on form, the segmentation of cosmetic products market is solutions, creams, lotions, ointments, suspensions, tablets, powders, gels, sticks, and aerosols. Base on the application, the segmentation of cosmetic products market is lips, eyes, eyebrows, nails, and face. Base on distribution channel, the segmentation of cosmetic products market is online, beauty salons, specialty stores, direct selling, departmental stores, pharmacy, and supermarkets. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global cosmetic products market such as Alticor, Oriflame Cosmetics Global SA, Yves Rocher, Mary Kay Inc., Revlon Inc., Kao Corp., Shiseido, The Estee Lauder Companies Inc., Avon Products Inc., Beiersdorf AG, Procter & Gamble, Unilever, and L’oreal Group.
The report segments global cosmetic products market as follows:
Cosmetic Products Market: Product Segment Analysis
Cosmetic Products Market: Form Segment Analysis
Cosmetic Products Market: Application Segment Analysis
Cosmetic Products Market: Distribution Channel Segment Analysis
Cosmetic Products Market: Regional Segment Analysis
Cosmetic products are any preparations or substances that are placed in contact with various external parts of the human body such as external genital organs, eyes, lips, nails, and hair system or epidermis. It can even be in contact with mucous membranes and teeth in the oral cavity mostly to keep them in proper condition or protecting them, correcting body odors, changing their appearance, perfuming them, and cleaning them.
In past two decades, global cosmetic products market has witnessed 4.5% CAGR, with an annual growth rate ranging between 3 and 5.5%. The industry is even recognized as personal care and toiletries products market and has the ability to maintain continuous and stable growth in economic downturns. Through the diversity of cosmetic product segments, they are capable of satisfying overall customers’ expectations and needs with regards to cosmetics. Beauty products are categorized into mass production and premium segments as per their distribution channels, price, and brand prestige. Global premium cosmetics sales are concentrated in the developed markets such as France, Japan, and the U.S.
There has been a substantial rise in disposable income among the global population in the past decade that has primarily boosted global cosmetic products market. Changing lifestyles, growth in global economy, rising demand for sun care and skin care products owing to inconsistent climatic conditions have encouraged the growth of cosmetic products market. Inclination towards organic and natural beauty products, especially in European countries and the U.S. is fostering the demand of the industry. Escalating demand for organic, herbal, and natural beauty products has generated opportunities for producers to develop and innovate new products as per consumer preferences.
Improvement in the lifestyle of individuals is majorly influencing cosmetics industry. Consumers are becoming conscious about the usage of cosmetics in their everyday life to enhance their overall personality and style quotient. These products play a vital role in enhancing an individual’s physical features and inherent beauty. Products such as deodorants and fragrances are increasingly being used by men in their daily routine. The increasing demand for the trendy products has led to the growth of the industry worldwide.
Global cosmetic products market is categorized on the basis of the product as skin care, hair care, color cosmetics, fragrances, personal care, and oral care. Based on form, global cosmetic products market is classified into solutions, creams, lotions, ointments, suspensions, tablets, powders, gels, sticks, and aerosols. Various applications pertaining to cosmetics include lips, eyes, eyebrows, nails, and face. Cosmetics are distributed in the market via distribution channels including online, beauty salons, specialty stores, direct selling, departmental stores, pharmacy, and supermarkets.
The Asia Pacific is accounting for a substantial share in the global cosmetic products market over the forecast period. Major factors driving the industry in China, Japan, and India are their rising disposable income and working women population in these countries. Further, the introduction of new and innovative products pertaining to personal and skin care is anticipated to give a positive outlook to the regional market.
Major players in the global cosmetic products market are Alticor, Oriflame Cosmetics Global SA, Yves Rocher, Mary Kay Inc., Revlon Inc., Kao Corp., Shiseido, The Estee Lauder Companies Inc., Avon Products Inc., Beiersdorf AG, Procter & Gamble, Unilever and L’oreal Group. Manufacturers are investing heavily in research and development activities to launch new products as per the consumer's demand.
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