The global demand for Cosmetics Market is presumed to reach the market size of nearly USD 629.11 MN by 2028 from USD 410.2 MN in 2021 with a CAGR of 6.3% under the study period 2022 - 2028.
Cosmetics refers to beauty products made using a combination of synthetic chemical compounds for cleansing, beautifying, and promoting the skin's overall health. It includes soaps, perfumes, hair colours, shampoos, deodorants, toothpaste, lipsticks, nail polishes, shaving creams, and skin moisturizers. The term also includes functional cosmetics that focus on resolving skin concerns like minimizing the appearance of fine lines and wrinkles, skin whitening, and offering protection against ultraviolet (UV) rays.
Major factors propelling the cosmetic market forward include rising beauty consciousness among individuals and intersection with the growing appreciation for customized cosmetic products. Additional factors boosting the market are increasing per capita income, rapid urbanization, and the growing influence of social media. However, the side-effects of regular cosmetic product usage due to harmful chemicals could restrain the market growth. Apart from this, a substantial increase in the above 60 population and a rising focus on maintaining a youthful appearance would provide immense opportunities for market players. Furthermore, the growing health concerns about the negative impact of petroleum-based ingredients and the increasing adoption of the vegan lifestyle are driving the demand for vegan cosmetics.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cosmetics. The growth and trends of cosmetics industry provide a holistic approach to this study.
This section of the cosmetics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Distribution Channel
- Skin & Sun Care Products
- Hair Care Products
- Deodorants & Fragrances
- Makeup & Color Cosmetics
- Specialty Stores
- Online Sales Channels
This section covers the regional outlook, which accentuates current and future demand for the Cosmetics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cosmetics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cosmetics market include Avon Products Inc., Kao Corporation, L’Oreal S.A., Oriflame Cosmetics S.A., Revlon, Inc., Shiseido Company Limited, Skin Food Co., Ltd., The Estee Lauder Companies Inc., and The Procter & Gamble Company and Unilever Plc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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