The global cosmetics market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Rapidly rising trend of natural and organic cosmetic products, growing adoption of skincare and hair care products among individuals across the globe, and increasing availability of cost-effective cosmetic products on e-commerce platforms are some key factors expected to drive market revenue growth over the forecast period. Increasing consciousness regarding personal appearance, growing awareness regarding benefits of cosmetic products, and rising popularity of gender-neutral cosmetic and personal care products among the younger generation are some other factors expected to drive revenue growth of the market to a significant extent over the forecast period.
Cosmetics refer to products that are applied to human body for beautifying, promoting attractiveness, or altering appearances without interfering with body’s structure or function. Cosmetics can comprise of synthetic ingredients or natural ingredients and are designed for various purposes such as skin care, hair care, personal care, and makeup, among others. Consumers use a wide range of cosmetic products such as soap, shampoo, hair conditioner, deodorants, toothpaste, perfume, makeup, and skincare on a daily basis.
Top Companies Operating in the Global Cosmetics Market Report:
- 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.
- The Procter & Gamble Company
- Unilever Plc
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Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare & nutrition, personal care & hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics & automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Skin and Sun Care
- Hair Care
- Deodorants & Fragrances
- Makeup Cosmetics
Gender Outlook (Revenue, USD Billion; 2019-2030)
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Departmental Stores
- Drug Stores
- Brand Outlets
Key Takeaways of the Global Cosmetics Market Report:
· A comprehensive overview of the global Cosmetics industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Cosmetics market.
· Elaborate study of the leading regional markets in the global Cosmetics market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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