Global Beauty and Personal Care Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Beauty and Personal Care Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global beauty and personal care products market report has been segmented on the basis of type, product type, distribution channel, and region.
Global Beauty and Personal Care Products Market: Overview
Beauty and personal care products used by consumers for various purposes such as skin care, hair care, cosmetics for enhancing beauty, etc. There are three types of beauty and personal care products namely natural, organic, and inorganic. The natural or organic beauty products are made from natural ingredients such as honey, apple juice, natural oils, lemon juice, Aloe Vera, buttermilk, papaya, turmeric, herbs, etc. Inorganic beauty products are made from chemical ingredients such as titanium dioxide, zinc oxide color compound hydrochloric acid or phosphoric acid, sodium hydroxide, etc.
Global Beauty and Personal Care Products Market: Dynamics
Growing demand for natural skin creams in order to repair damaged skin cells, treat wrinkles, enhance fairness, tighten skin, and other symptoms is one of the key factors expected to drive growth of the global beauty and personal care products market. In addition, growing demand for organic or natural ingredients in beauty care products, owing to rising awaress regarding effects of chemical ingredients present in personal care products is another factor fueling growth of the global market. Focus of various cosmetic and personal care products manufacturers on providing organic beauty products that would avoid irritation of sensitive skin are other major factors expected to drive growth of the global beauty and personal care products market.
Moreover, increasing awareness among women and men for healthy and younger looking skin, and rising spending capacity for personal grooming products are also factor expected to boost revenue growth of the global beauty and personal care products market.
However, easy availability of substitutes which are of low quality a low cost is a major factor that could hamper revenue growth of the global beauty and personal care products market to a certain extent. In addition, allergic reactions caused by presence of certain chemicals and product recalls are some of the factors that could lower the adoption of cosmetic and personal care products.
Global Beauty and Personal Care Products Market: Segment Analysis
Among the type segments, the organic or natural segment is expected to account for significant revenue share. Currently, consumers are mostly giving preference to natural or herbal made beauty and personal care products for skin care protection because they are made up of natural ingredients that are beneficial and chemical free. Vegan products are also being adopted at a very high rate especially by Vegan population.
Global Beauty and Personal Care Products Market: Regional Analysis
Market in Europe is expected to contribute significant share in terms of revenue in the beauty and personal care products market over the forecast period. Asia Pacific and North America markets are expected to register lucrative growth rates in terms of revenue in the near future, owing to increasing demand for cosmetics and personal care products. Moreover, demand for Vegan products among individuals is another factor propelling growth of the target market in Asia Pacific.
Global Beauty and Personal Care Products Market Segmentation:
Segmentation by Type:
- Natural or organic
Segmentation by Product Type:
- Skin Care/Sun Care
- Hair Care
- Makeup & Color Cosmetic Products
Segmentation by Distribution Channel:
- Direct Selling
- Hypermarkets & Retail Chains
- Specialty Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Beiersdorf AG
- Avon Products, Inc.
- Kao Corporation
- Coty, Inc.
- L'Occitane International S.A.
- The Procter & Gamble Company
- L'Oréal S.A.
- Mary Kay Inc.
- The Estée Lauder Companies Inc.
- Shiseido Company
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