Global Cosmetics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
Cosmetics Market Overview:
The Cosmetics Market Report offers in-depth insights, revenue details, and other vital information regarding cosmetics and new products and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Cosmetics Market Report offers insightful and detailed information regarding the various key players operating in the global market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and the market footprint of various players.
The global cosmetics market report has been segmented on the basis of product type, sales outlet, and region.
The Cosmetics Market Market was valued at $284.3 billion in 2021 & is projected to reach $413.6 billion by 2026. It is expected to grow at a 5.3% CAGR between 2021 and 2026.
Global Cosmetics Market Segmentation:
In order to study and analyze the global cosmetics products market revenue, we have segmented the target market on the basis of product category as indicated below:
- Skin & sun care products
- Haircare products
- Makeup & color cosmetics
The global cosmetics products market is segmented on the basis of sales outlet into:
- Retail sales
- General departmental store
- Drug stores
- Brand outlets
- Online sales
Region-wise segmentation is offered in sequence as indicated below:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Cosmetics Markets Key Takeaways:
- Demand for skin and sun care products has been relatively higher than that for other products in 2014, and this is expected to further increase by the end of the forecast period
- Global revenue from sales of men’s cosmetics products is witnessing a rapid increase currently and is projected to expand at a CAGR of X.X% over the forecast period
- Sales of cosmetics products from online stores or channels are expected to remain dominant and robust over the forecast period
Western Europe and North America lead in terms of contribution to global market revenue. Revenue from the market in Western Europe was a little shy of US$ XX Bn in 2016 end, and North America accounted for US$ XX.X billion.
This is attributed to these regions being hubs for the cosmetics industry, and also because several major players in the industry are based in these regions. High revenue markets include the UK, US, France, Japan, and Spain, and demand for premium products is comparatively high in these countries.
Popular products in emerging markets include multi-purpose cosmetics, anti-aging, anti-dandruff, deodorants, and infant personal care products.
Demand for cosmetics products in the market in the Asia Pacific has increased significantly in the last 10 years, driven by the rising disposable income of consumers, the trend of online shopping gaining traction, increasing awareness regarding the various benefits of such products, increasing consumer base of health-conscious consumers, growing interest in personal hygiene and physical appearance, and increasing urbanization.
Other major factors driving market growth include improving economic conditions, changing lifestyles, peer pressure to opt for new and innovative cosmetics and beauty products, changing climatic conditions, air pollution, and rising and dipping temperatures in various developed and developing countries across the globe.
Japan currently accounts for the highest revenue contribution to the APAC cosmetics products market, which is estimated to expand at a CAGR of X.X% between 2017 and 2026.
Shifting preference toward natural, herbal, and organic beauty products, particularly in the US and various European countries has been a major restraint to market growth in the recent past.
Factors such as an increasing number of consumers avoiding products containing synthetic ingredients owing to the potential side or adverse effects are impacting market growth significantly. In addition, the availability of advanced beauty treatments is impacting the market growth, especially in countries in Europe and North America.
Rising demand for natural and organic products is opening up new avenues for revenue generation in the global market, and the trend is expected to continue over the forecast period.
Major players are adopting new and innovative product development initiatives and launches, acquisitions, expansion, and entering into strategic agreements to sustain in a highly competitive market. Another factor driving sales of products is innovative packaging.
Cosmetics product manufacturers are capitalizing on the specific needs of consumers and offering products in convenient and affordable packaging options. As a result, products are being offered in specific volumes such as sachets or tubes, which puts the products within reach of consumers in rural as well as underdeveloped areas.
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Procter & Gamble
- Johnson & Johnson
- Croda International Plc
- Sabinsa, Bayer
- Estee Lauder
- Royal DSM
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