Global Beauty and Personal Care Products Market was valued at US$455.3 Billion in 2017 and is projected to reach US$716.6 Billion by 2026, at a CAGR of 5.83% during a forecast period.
The report is segmented into product, distribution channel, type and region.
Product-based beauty and personal care products market includes skin care & Sunscreen, Hair, Makeup & Color Cosmetics, Deodorants & Perfumes and others. Further, the distribution channel is categorized into direct selling, hypermarkets & Retail chains, e-commerce, specialty stores and others. Vegan, Organic, Inorganic is derived from the Type segment.
The report covers analysis, market forecast and industry competitive landscape by region. The regions are segmented by North America, Europe, Middle East & Africa, Asia-Pacific and Latin America.
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Based on type, the market is categorized into vegan, organic, and inorganic. An increasing rate of use of harmful chemicals in beauty and personal care products is leading to an increase in demand for organic and vegan products. Thus, increasing demand for natural and safer materials across the globe is expected to help organic and vegan segments to register significant growth during the forecast period.
The major driving factor boosting the global Beauty & Personal Care Products market, raising awareness about the importance of maintaining youthful and good-looking skin and maintaining good looks among the general population. Need to look young and overcome the effects of aging such as wrinkles especially experienced by older people. Thus, their increasing population will increase the growth of the segment. However, an increase in the cost of raw materials and packaging expenses is estimated to hamper the market growth over the forecast period.
Major market players in this region include L’Oreal Group, Unilever, Beiersdorf AG, Mary Kay, Avon, Kao Corporation, Revlon, The Estée Lauder Companies, L’occitane International SA, Procter And Gamble, Coty Inc, Sally Beauty Holdings Inc, LVMH Moet Hennessy Louis Vuitton SA and Shiseido.
Scope of the Global Beauty and Personal Care Products Market:
Global Beauty and Personal Care Products Market, By Product:
Skin Care & Sunscreen
Makeup & Color cosmetics
Deodorants & Perfumes
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Global Beauty and Personal Care Products Market, By Distribution Channel:
Hypermarkets & Retail Chains
Global Beauty and Personal Care Products Market, by Type:
Global Beauty and Personal Care Products Market, by Region
Middle East & Africa
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Key Players Operating in the Global Beauty and Personal Care Products Market:
The Estée Lauder Companies
L’occitane International SA
Procter & Bet
Sally Beauty Holdings Inc.
LVMH Moet Hennessy Louis Vuitton SA