Global Cosmetics Market : Key Players, Growth, Analysis 2020 to 2026
Cosmetics Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of cosmetics market by by category (skin & sun care products, hair care products, deodorants, makeup & color cosmetics, and fragrances), distribution channel (departmental stores, supermarkets and hypermarkets, drug stores, brand outlets, and online stores) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the cosmetics market it includes the five years Industry analysis and the 6 years annual forecast from to 2026. Some of the prominent participants in the global cosmetics market are Procter & Gamble, L’Oréal S.A., Estée Lauder Companies Inc., Natura & Co., Beiersdorf AG, Kao Corporation, Oriflame Holding AG, Shiseido Company Limited, Johnson & Johnson, and Unilever. The global cosmetics market is projected to grow at a CAGR of 5.3% from USD 444 billion in 2020 to USD 630 billion in 2026 during the forecast period of 2020 – 2026.
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Changing Lifestyles and Increasing Disposable Income of Various Countries is the Major Driving Factor for the Global Cosmetics Market
The changing lifestyles and increasing disposable income of various countries is the major driving factor for the global cosmetics market. One of the main reasons for the popularity of the beauty services industry is the rising disposable income and changing lifestyles. In an age where looking and feeling beautiful is given prime importance, cosmetic products will gain enormous demand. The beauty services industry, largely unorganized is steadily taking the organized route through franchising.
With significant growth in the disposable income of the urban class, developing countries have witnessed an increase in the general standard of living. Alongside this, the acceptance level of the importance of grooming and wellness has increased as well. Consumers are now on a quest for a holistic and harmonious state of life, which has led to mushrooming of various industries. The beauty, skin & hair care industry is one such sector that has seen an uptrend.
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Asia Pacific Holds the Largest Share in the Cosmetic Market
Among the regions, Asia Pacific holds the largest share in the cosmetic market. In the Asia Pacific region, the number of middle-aged women in Asia-Pacific region is rising at an unprecedented rate and they represent one of the most affluent parts of the makeup industry. In addition, Asian countries such as China and India have a large number of beauty-conscious millennials and the Gen-Z population drives the growth of the Asia Pacific cosmetic market. The U.S. is also among the largest cosmetics consuming nation and holds more than 60% of the market share of North America cosmetics. The high penetration rate of global brands coupled with the rapidly increasing demand for natural cosmetics is driving the cosmetics market in the USA. Growth in the working women population and the rising number of beauty clinics are also aiding the United States cosmetics market.
Cosmetics Market: Segmentation
The report on the global cosmetics market covers segments such as category and distribution channel. On the basis of category, the sub-markets include skin & sun care products, hair care products, deodorants, makeup & color cosmetics, and fragrances. On the basis of distribution channel, the sub-markets include departmental stores, supermarkets and hypermarkets, drug stores, brand outlets, and online stores.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the cosmetics.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.