Beauty & Personal Care Products Market analysis report is sure to help boost sales and improve return on investment (ROI). The research and analysis carried out in this Beauty & Personal Care Products Market report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. Market drivers and market restraints assessed in this Beauty & Personal Care Products Market report makes attentive about how the product is getting utilized in the recent market environment and also provide estimations about the future usage. This industry report includes market analysis based on regional as well as global level.
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Beauty & Personal Care Products Market, By Type (Conventional, Organic), By Product (Skin Care, Hair Care, Color Cosmetics, Fragrance), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, E-Commerce, Others), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Beauty & Personal Care Products Market size was estimated at USD 513.7 billion in 2023 and is projected to reach USD 830.2 billion in 2030 at a CAGR of 6.9% during the forecast period 2024-2030.
The beauty and personal care products market has seen substantial growth, particularly among millennials who increasingly incorporate skincare, color cosmetics, and hair care into their daily grooming routines. The surge in popularity of cosmetics made with natural, non-toxic, and organic ingredients has significantly bolstered market expansion. Furthermore, the easy availability of these products through a variety of sales channels, including specialty stores, pharmacies, and beauty salons, has driven value sales growth.
Competitive Landscape
· L’oreal Group
· Unilever
· Beiersdorf AG
· Mary Kay
· Avon
· Kao Corporation
· Revlon
· The Estée Lauder Companies
· L’occitane International S.A
· Procter & Gamble
· Coty Inc
· Sally Beauty Holdings Inc
· LVMH Moet Hennessy Louis Vuitton SA
· Shiseido
· Colgate-Palmolive Company.
· Kao Corporation
· L’occitane International S.A and More
Recent Developments
In September 2022, L’Oréal Groupe has committed to a minority investment in Shinehigh Innovation, a pioneering biotech company located in China.
In February 2023, Shiseido Co., Ltd., partnered with Shoppers Stop Ltd.'s Global SS Beauty Brands to launch its makeup brand, NARS Cosmetics, in the Indian market.
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A notable trend within this market is the rising interest from male consumers in skincare and grooming products aimed at improving their physical appearance and maintaining healthier skin. This demographic shift presents promising growth opportunities. Additionally, increased investments in research and development for innovative and effective products are further propelling market growth.
Consumer awareness and demand for vegan, organic, natural, and eco-friendly cosmetics have encouraged manufacturers to launch new products and expand their market presence. For instance, in June 2022, the socially responsible French beauty company SO'BiO étic introduced its organic beauty line in the U.S., offering products free from glycol, parabens, silicones, nanoparticles, PEG, and chemical filters. This launch reflects the growing consumer preference for clean, safe, and environmentally friendly beauty products.
Key Findings
· On the basis of type, the organic beauty and personal care products segment is set to significantly boost the overall market by addressing consumer concerns about safety, sustainability, and environmental impact.
· On the basis of Product, the Product segments are integral to the growth of the beauty and personal care products market, driven by consumer preferences for natural and effective solutions.
· On the basis of Distribution Channel, the distribution channels of specialty stores, supermarkets/hypermarkets, and e-commerce platforms play crucial roles in driving growth within the beauty and personal care products market.
The Beauty & Personal Care Products Market is segmented into various segments such as Type, Product, Distribution Channel, and Region:
Based on Type
· Conventional
· Organic
Based on the Product
· Skin Care
· Hair Care
· Color Cosmetics
· Fragrance
Based on the Distribution Channel
· Hypermarkets & Supermarkets
· Specialty Stores
· E-Commerce
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Frequently Asked Questions
· What are the years considered to study Beauty & Personal Care Products Market intelligence report?
· What is the compound annual growth rate (CAGR) of the Beauty & Personal Care Products Market?
· Which region holds the largest market share in Beauty & Personal Care Products Market?
· Which region is the fastest growing in Beauty & Personal Care Products Market?
· Who are the major players in Beauty & Personal Care Products Market?
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