The global beauty and personal care market is, expected to reach USD 757 billion, expanding at a CAGR of around 6%, during the forecast period 2020–2026. The major reasons behind the growth of the market are rising preference of natural products, advancement in technologies especially the use of augmented reality (AR), in the cosmetics industry, and rising demand for men’s grooming products. Other factors such as rising awareness among the people about their health, and wellness, and the rise in ageing population around the world are some of the reasons behind the growth in the market.
Primarily, as the name implies beauty and personal care is the application of the products to enhance the appearance of an individual. There are various aspects of beauty such as skin, hair, and face to name a few. In the current scenario, the importance of ones looks and well-being has grown manifold. It not only bolsters the individual’s confidence, but also propels the self-respect of the individual. These products are generally, made by mixing various chemical compounds, which are obtained naturally or artificially. Moreover, there are several companies which are making natural and personal beauty care products, since there are growing concern over the use of chemicals in these products which hampers the skin, hair or face wherever they are applied.
Market Trends, Drivers, Restraints, and Opportunities:
- Surge in preference of natural, and organic beauty products, by the consumer these days is a driving factor behind the growth of the products in the market.
- Rise in demand of male grooming product, is also anticipated to have a positive impact in the growth of the market.
- The increasing awareness among the people about their health, and wellness, is a reason behind the growth of the market.
- Rise in ageing population, around the world, is expected to drive the market growth.
- Advancement in technologies, especially the use of augmented reality (AR), in the cosmetics industry is a driving factor for the growth of the product in the market.
- The rise in population in Asia Pacific region, is expected to have a positive impact in the growth of the market.
- The increase in income level of the people around the world, is expected to have a positive impact in the growth of the market.
- Lack of research in beauty industry, is anticipated to be an obstacle in the growth of the market.
- The inconsistent supply chain of the cosmetics market, is expected to be a hindrance in the growth of the market.
The companies which operate in the global beauty and personal care market, are quite a few in number. Some of them are
- L’occitane International S.A
- Mary Kay Inc
- Beiersdorf AG
- L’Oréal Group
- Kao Corporation
- The Estée Lauder Companies Inc.
- Procter & Gamble
- Revlon Inc.
- Coty Inc.
The global beauty and personal care market, has been segmented on the basis of
- Hair Care
- Makeup & Colour Cosmetic Products
- Skin Care/Sun Care
- E — commerce
- Direct Selling
- Specialty Stores
- Hypermarkets & Retail Chains
- North America
- Middle East and Africa
- Latin America
- Asia Pacific
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Beauty and Personal Care Market Overview
- Global Beauty and Personal Care Market Analysis and Forecast by Type
- Global Beauty and Personal Care Market Analysis and Forecast by Application
- Global Beauty and Personal Care Market Analysis and Forecast by Sales Channel
- Global Beauty and Personal Care Market Analysis and Forecast by Region
- North Beauty and Personal Care Market Analysis and Forecast
- Latin Beauty and Personal Care Market Analysis and Forecast
- Europe Beauty and Personal Care Market Analysis and Forecast
- Asia Pacific Beauty and Personal Care Market Analysis and Forecast
- Middle East & Africa Beauty and Personal Care Market Analysis and Forecast
- Competition Landscape
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