Cosmetics Market Expected to Reach $417.24 Billion by 2030

PUNE, India, Aug 28, 2023 (Globe Newswire) — The global cosmetics market is valued at US$299.77 billion in 2022 and is expected to reach US$313.22 billion in 2023 . Reaching $1 billion by 2030, he recorded his CAGR of 4.2% during the forecast period.

of Global cosmetics market This share is expected to increase significantly over the next few years, as an increasing proportion of the world’s population is concerned about their appearance. These beauty and personal care products can enhance a person’s overall appearance and offer a wide range of hair care, skin care and lip care products. In addition, rising demand for anti-aging products among the elderly population is also expected to contribute to the increase in product sales.

Fortune Business Insights™ This information is presented in a report titled “Global Cosmetics Market, 2023-2030”

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List of key figures in the cosmetics industry market report:

• L’Oreal SA (France)
• Unilever (UK)
• Procter & Gamble (USA)
• The Estée Lauder Companies Inc. (USA)
• Beiersdorf AG (Germany)
• Shiseido Co., Ltd. (Japan)
• Coty (U.S.A.)
• Natura & Co. (Brazil)
• Kao Corporation (Japan)
• Johnson & Johnson Services, Inc. (U.S.A.)

Report scope and segmentation:

See a detailed overview of the research report in the table of contents:

https://www.fortunebusinessinsights.com/cosmetics-market-102614

segment:

Increased awareness of daily skin care drives sales of skin care products

Based on category, the market is segmented into skin care, hair care, makeup, and others. Due to the increasing proportion of people who use skin care products on a daily basis as compared to hair care products worldwide, the skin care segment is projected to hold a significant share during the forecast period.

Working women use more cosmetics to look better

Based on gender, the market is divided into male and female. The female segment is expected to hold a larger market share as the percentage of working women is increasing worldwide and women need these products to look good in the workplace.

Buyers will prefer hypermarkets/supermarkets to get different brands

In terms of distribution channels, the market is divided into specialty stores, hypermarkets/supermarkets, online channels, etc. The hypermarket/supermarket segment is projected to hold the largest market share during the forecast period as these stores can be accessed to access several brands and their products.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, Middle East and Africa.

Report scope:

The report provides an in-depth industry analysis and focuses on key aspects such as major product categories, companies and distribution channels. The report also provides valuable insight into the latest market trends and covers important industry developments. In addition to the factors mentioned above, the report includes several factors that have contributed to the growth of the market in recent years.

Competitive environment:

Companies developing organic products to expand their market presence

Leading companies are focusing on manufacturing organic and natural products to expand their customer base and increase their market presence. Many companies are formulating various growth strategies such as alliances and collaborations for business expansion.

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Drivers and restraints:

Growing awareness of the importance of health, hygiene and grooming to drive market growth

Self-care and grooming trends have increased significantly in recent years as people become more aware of the importance of maintaining good health and hygiene. The importance of grooming has skyrocketed among men and women, resulting in increased sales of these products. As more and more people lead irregular lifestyles, concerns about overall health are growing, further increasing the demand for cosmetics.

However, more people become aware of side effects from long-term use of cosmetics and have access to surgical options, which could hinder market progress.

Regional Insights:

Growing elderly population in the Asia-Pacific region boosts cosmetics sales

Asia-Pacific is projected to dominate the cosmetics market share due to the significant increase in the proportion of the elderly population in countries such as Japan and China. This factor has increased the demand for anti-aging, blemish treatment and anti-wrinkle products in these countries, thereby driving the growth of the regional market.

In Europe, there were many street salons that used cosmetics on a large scale and had a significant market share.

Impact of the novel coronavirus disease (COVID-19)

Demand for cosmetics decreased due to store closures due to the pandemic of the new coronavirus infection

The COVID-19 pandemic has had a severe impact on the growth of the cosmetics market, as sales of cosmetics dropped significantly during this period. With stringent lockdowns imposed and many beauty stores forced to close, customer buying patterns have changed dramatically across the beauty and personal care industry. These aspects dampened product demand.

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Detailed table of contents:

• introduction
  • Research scope
  • market segmentation
  • research method
  • definitions and assumptions
• executive summary
• Market trend
  • market drivers
  • market constraints
  • market opportunity
  • new trend
• key insight
  • Overview of Parent Market and Related Markets
  • Industry SWOT analysis
  • Supply chain and regulatory analysis
  • Recent Industry Developments – Policies, Partnerships, New Product Launches, Mergers & Acquisitions
  • Qualitative analysis (new coronavirus infectious disease related)

• Impact of the novel coronavirus disease (COVID-19)
• Supply chain challenges
• Potential Opportunities Due to COVID-19

• Global Cosmetics Market Analysis, Insights and Forecasts, 2019-2030
  • Main findings/summary
  • Market size estimation and forecast
    • By Category (Value)
      • hair care
      • skin care
      • compensate
      • others
    • By gender (value)
    • By distribution channel (amount)
      • specialty shop
      • Supermarket/Hypermarket
      • Online/e-commerce channels
      • others
    • By region (value)
      • North America
      • Europe
      • Asia Pacific
      • south america
      • Middle East and Africa
• North American Cosmetics Market Analysis, Insights and Forecasts, 2019-2030
  • Main findings/summary
  • Market size estimation and forecast
    • By Category (Value)
      • hair care
      • skin care
      • compensate
      • others
    • By gender (value)
    • By distribution channel (amount)
      • specialty shop
      • Supermarket/Hypermarket
      • Online/e-commerce channels
      • others
    • By country (value)
      • we
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Canada
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Mexico
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
• European Cosmetics Market Analysis, Insights and Forecasts, 2019-2030
  • Main findings/summary
  • Market size estimation and forecast
    • By Category (Value)
      • hair care
      • skin care
      • compensate
      • others
    • By gender (value)
    • By distribution channel (amount)
      • specialty shop
      • Supermarket/Hypermarket
      • Online/e-commerce channels
      • others
    • By country (value)
      • Germany
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • France
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Italy
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • England
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Spain
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • rest of europe
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
• Asia Pacific Cosmetics Market Analysis, Insights and Forecasts, 2019-2030
  • Main findings/summary
  • Market size estimation and forecast
    • By Category (Value)
      • hair care
      • skin care
      • compensate
      • others
    • By gender (value)
    • By distribution channel (amount)
      • specialty shop
      • Supermarket/Hypermarket
      • Online/e-commerce channels
      • others
    • By country (value)
      • China
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • India
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Japan
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Australia
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Rest of Asia Pacific
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
• South American Cosmetics Market Analysis, Insights and Forecasts, 2019-2030
  • Main findings/summary
  • Market size estimation and forecast
    • By Category (Value)
      • hair care
      • skin care
      • compensate
      • others
    • By gender (value)
    • By distribution channel (amount)
      • specialty shop
      • Supermarket/Hypermarket
      • Online/e-commerce channels
      • others
    • By country (value)
      • Brazil
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Argentina
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others
      • Rest of South America
        • By Category (Value)
          • hair care
          • skin care
          • compensate
          • others

Contents continue…!

Key industry developments:

• January 2020: Natura. The company acquired Avon. The acquisition was expected to exceed his US$10 billion annual gross revenue and employ a total of 40,000 employees from nearly 100 countries. With over 3,000 retail outlets and an expanding digital presence, the acquisition was expected to strengthen the Group’s position in the retail space.

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moisturizer market Reach USD 14.4 billion by 2030 | CAGR 4.48%

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