Global “Cosmetics Products Market” 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028
The global Cosmetics Products market is expected to register a significant CAGR 7.14% during the forecast period 2022-2028. According to Market growth reports latest research Cosmetics Products Industry Know-how optimization stages are solutions which deliver an organization the ability to know the requirement of every individual customer and suggestion the best possible experience for them across all touch points.
The global cosmetic products market was valued at USD 532.43 billion in 2022, and is expected to reach a market value of USD 805.61 billion by 2028, registering a CAGR of 7.14% during 2022-2028. The scope of the report is limited to various products, like hair care, skin care, oral care, color cosmetic, fragrances, soaps and shower gels, and sun care products. The study also emphasizes on various distribution channels, such as direct selling, supermarkets, specialty stores, pharmacies, and salons.
The cosmetics or beauty products industry, globally, is one sector which remains impervious to the ups and downs. Overall sales are affected in the event of an economic downturn. However, one can count on the sales of cosmetics to maintain a certain volume overall. This is because of continuing and growing usage of products by women, and increasingly by men across the world.
Aging Population is the Major Driver for the Market
Over the past two decades, declining fertility and mortality rates have resulted in a rise in the aging population, globally. Strong desire among men and women to retain youthful appearances has groomed and nurtured the cosmetics industry, worldwide. Rapidly aging demographics has led to a robust demand for anti-aging products in order to prevent wrinkles, age spots, dry skin, uneven skin tone, and even hair damages, creating room for new innovations in cosmetics, thus boosting the industry growth.
By 2050, the population over 60 years of age is expected to reach 2.09 billion. The life expectancy for women is predicted to rise from 82.8 years in 2005 to 86.3 years in 2050. Whereas for men, the expected increase for men in the corresponding period is from 78.4 to 83.6 years. Notably, the share of elderly people for cosmetic products is on rise.
E-commerce as a Distribution Channel is Expected to Grow Rapidly
Smartphone shipments increased to 1.53 billion in 2022, and is expected to grow till the end of the forecast period, thus increasing the e-commerce market. Cosmetic products, such as skin care, hair care, and fragrances are the most-sold products online. Thus, companies are increasingly focusing on online marketing campaigns that can increase their revenues with low investments. The market is witnessing a trend of multinational companies setting up websites and brand-specific Facebook accounts and Twitter profiles, in order to address the local taste. This sector is gaining prominence with the different products being available ‘only on online’.
Middle East and African Region is Expected to Grow with the Highest CAGR
The market is expected to gain prominence in the MEA countries, such as UAE, Saudi Arabia, and Israel. According to a recent survey, 21% of the people in this region admit to spending between AED 362 and AED 732 per month on health and beauty products, including the cost for maintaining hair and nails, and for hair removals, massages, and gym memberships, while a further 6.2% spend between AED 728 and AED 1125 to keep themselves looking appeasing.
UAE is a country with a high GDP per capita (USD 40,444 in ), and an administration which is modern, and yet has further growth to witness regarding women at workplace. As more women join the workplace, the need to look good, as well as purchase cosmetics has increased, and not just based on one’s preference. Furthermore, an increased influx of tourists has boosted cosmetic sales in the country.
Who are some of the Top Manufacture operating in the Cosmetics Products market and how high is the competition 2022?
- L’Oreal Group
- Procter and
- Beiersdorf AG
- Avon Products Inc.
- Unilever
- The Estée Lauder Companies Inc.
- Shiseido
- Kao Corp.
- Revlon
- Inc.
- Mary Kay
- Inc.
- Yves Rocher
- Oriflame Cosmetics Global SA
- Alticor
And More
{ Impressive Compound annual growth rate (CAGR) 7.14% With Multiple million USD }
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Cosmetics Products Market Research Report provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
The report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market’s competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.
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Key questions answered in this report: –
- What will the Cosmetics Products market size be in 2028 and what will the growth rate be?
- What are the key Cosmetics Products market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this Cosmetics Products market space?
- What are the Cosmetics Products market opportunities and threats faced by the key vendors?
Top countries data covered in this report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of L.A.)
- Middle East and Africa (Turkey, GCC, Rest of Middle East)
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With tables and figureshelping analyze Global Cosmetics Products Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market
Detailed TOC of 2022- 2028 Cosmetics Products Market Research Report – Regional Analysis, Top Players, Growth, Shares, Revenue
- Introduction
1.1 Study Deliverables
1.2 General Study Assumptions - Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling - Executive Summary
- Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry - Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.3.1 Growing Demand
5.3.2 Increasing Demand - Cosmetics Products Market, Segmentation by Material Type
- Cosmetics Products Market, Segmentation by Type
- Cosmetics Products Market, Segmentation by Vehicle Type
- Cosmetics Products Market, Segmentation by Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.1.4 Others
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Others
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Others
9.4 Europe
9.4.1 United Kingdom
9.4.2 Germany
9.4.3 France
9.4.4 Others
9.5 Africa and Middle East
9.5.1 UAE
9.5.2 South Africa
9.5.3 Saudi Arabia
9.5.4 Others - Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Developments of Key Players - Key Vendor Analysis (Overview, Products and Services, Strategies)
- Future Outlook of the Market
- Disclaimer
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