The latest report by IMARC Group, titled “Beauty and Personal Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Beauty and Personal Care Products Market Trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.the global beauty and personal care products market size reached US$ 481.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 787.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.12% during 2023-2028. Beauty and personal care products contain a wide range of items that are intended to improve the texture and appearance of the skin. They are widely used by individuals for cleaning and beautifying purposes to enhance the health and appearance of the skin, hair and nails. Along with this, they are beneficial in the prevention of sagging, wrinkles, acne-related problems and dryness. Additionally, they help in nourishing and hydrating the skin while stimulating skin metabolism, regulating moisture levels and providing protection from ultraviolet rays (UV). Some of the commonly utilized beauty and personal care products include soaps, antiperspirants, shampoos, razors, bodywash, cleansers, oral care products and cosmetics.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Beauty and Personal Care Products Market Trends:
The global market is primarily driven by the growing customer preference for maintaining an aesthetic physical appearance. This is supported by the rising awareness regarding personal hygiene among the masses. Besides this, the increasing need for boosting self-confidence and social interactions has also aided the market expansion. With the growing demand for natural ingredients among consumers, there has been a considerable shift towards the adoption of organic beauty and personal care products, thereby propelling the market growth. This has encouraged numerous leading players to heavily invest in extensive research and development (R&D) activities to launch organically manufactured products, which is creating a positive market outlook. Along with this, continuous improvements in the e-commerce infrastructure, the advent of online delivery models and the rising popularity of social media are other major growth-inducing factors. Other factors, including inflating disposable income levels of individuals and the development of aggressive marketing strategies, promotional campaigns and celebrity endorsements, are further positively influencing the market.
Global Beauty and Personal Care Products Market 2023-2028 Analysis and Segmentation:
Competitive Landscape with Key Players:
- Avon Products (Natura & Co)
- Beiersdorf AG
- Colgate-Palmolive Company
- Johnson & Johnson
- Kao Corporation
- L’Oréal S.A
- Mary Kay Inc
- Procter & Gamble Company
- Revlon, Inc. (MacAndrews & Forbes)
- Shiseido Company Limited
- The Estée Lauder Companies Inc.
- Unilever plc
Breakup by Type:
- Conventional
- Organic
Breakup by Product:
- Skin Care
- Hair Care
- Color Cosmetics
- Fragrances
- Others
Breakup by Pricing:
- Mass Products
- Premium Products
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- E-commerce
- Others
Breakup by End User:
- Male
- Female
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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