Global Beauty and Personal Care Products Market to reach USD 807.72 billion by 2027.Global Beauty and Personal Care Products Market is valued approximately at USD 540.74 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2021-2027. Beauty and Personal Care Products have gained huge popularity among the consumers for improving & maintaining personal beauty, boosting glow, treating fine lines and imperfections. The global Beauty and Personal Care Products market is being driven by surge in the demand for skin care products especially from middle and upper-class consumers. For instance, according to Statista, the value of global skin care market has been increasing from 2018 i.e., USD 134.5 Billion to USD 148.3 Billion in 2020 and is further expected to reach USD 189.3 billion by 2025. The other driving factor for the market is the increase in the introduction of new brands. For instance, in August 2021, Amyris, Inc., biotechnology company launched JVN brand of clean hair products. Furthermore, increasing adoption of Augmented Reality (AR), the growing influence of social media, rising advertisements to promote beauty and personal care products, and expanding ability and willingness to purchase these products due to rise in personal income and availability of e-commerce websites will provide new opportunities for the global Beauty and Personal Care Products industry. However, high costs of these products may impede market growth over the forecast period of 2021-2027.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are analyzed for the regional analysis of the global Beauty and Personal Care Products Market. Asia Pacific is the leading region across the world in terms of market share and is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to growing young demographics, rising demand for the makeup & cosmetic products, growing personal care industry and enhanced standards of living have stimulated product demand in the region.
Major market player included in this report are:
Avon Products, Inc.
Beiersdorf AG
Coty Inc.
Kao Corporation
L'occitane International S.A.
L'Or?(C)al Group
Procter & Gamble
Mary Kay Inc.
The Est?(C)e Lauder Companies Inc.
Unilever
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Skin Care/Sun Care
Hair Care
Makeup & Color Cosmetic Products
Deodorants/Fragrances
Others
By Distribution Channel:
Direct Selling
Hypermarkets & Retail Chains
E-Commerce
Others
By Type:
Vegan
Organic
Inorganic
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Beauty and Personal Care Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors