Connect with us

Hi, what are you looking for?

Global Beauty and Personal Care Products Market to Garner USD 716.6 Billion With CAGR of 5.9% By Forecast 2027

According to a study of Maximize Market Research, The Global Beauty and Personal Care Products Market is estimated to reach USD 716.6 billion by 2027, growing at a 5.9% percent CAGR over the forecast period. The global beauty and personal care market is being fueled by an aging population and rising per capita beauty and personal care spending. The beauty care market is powerful and active, with great growth potential in consumption. The growth of the upper-middle classes, and the growing number of elderly persons on the search for solutions that fulfill their diversified objectives and a never-ending desire for beauty, all contribute to this potential. Product type, distribution channel, company, and geography are all used to segment the global beauty and personal care market. Personal care dominates the beauty and personal care market in terms of product category. Beauty care, on the other hand, has been steadily increasing throughout time.

Global Beauty and Personal Care Products Market Scope and Dynamics:

The average public’s rising understanding of the importance of maintaining younger-looking skin and a respectable appearance and sustaining physical beauty is a primary motivation that is boosting the global beauty & personal care products market. The desire to appear attractive and battle the effects of aging, including wrinkles, which are especially visible in the elderly. As an outcome, the segment’s growth will be assisted by the segment’s increasing population. Over the projection period, however, rising raw material and packaging prices are likely to impede the market’s growth. Skin Care & Sun Care, Makeup & Color Cosmetic Products, Hair Care, Deodorants & Fragrances, and Others are all part of the Global Beauty and Personal Care Products market. E- Commerce, Direct Selling, Hypermarkets & Retail Chains, Specialty Stores, and Others are the many types of distribution channels.

The Impact of COVID-19 on the Global Beauty and Personal Care Products Market:

The disruption of distribution networks, particularly for cosmetics, was a major challenge for businesses during the COVID-19 scenario when countries blocked their borders or raised trade restrictions. As a result, producers and exporters were up against the stiff competition when it came to selling their wares. Furthermore, due to the ensuing lockdowns and the closure of retail outlets, on-premise sales through supermarkets and convenience stores have decreased, as people have been exercising social distance and avoiding gatherings and outings. Sales through online retail channels, on the other hand, were a key contributor to market penetration.

Global Beauty and Personal Care Products Market Insights:

Due to higher disposable income, foreign direct investments, growing population, and growing internet penetration, Asia-Pacific is the dominant market, followed by North America and Europe. In terms of income and usage, China is the second-largest market for beauty and personal care behind the United States. Companies are always engaged in mergers and acquisitions and product launches to stay competitive in the market. The report’s goal is to provide a complete overview of the Global Beauty and Personal Care Products market, taking into account all industry stakeholders. The research involves an examination of complicated data in simple language, as well as the industry in terms of the historical and contemporary state, along with anticipated market size and trends.

Request For Free Sample @ https://www.maximizemarketresearch.com/request-sample/17955 

Global Beauty and Personal Care Products Market Segmentation:

By Product

Skin Care & Sun Care
Hair Care
Makeup & Color Cosmetic Products
Deodorants & Fragrances
Others

By Distribution Channel

Direct Selling
Hypermarkets & Retail Chains
E-Commerce
Specialty Stores
Other

By Type:

Vegan
Organic
Inorganic

By Region

North America
Europe
Middle East & Africa
Asia Pacific
Latin America

Key Players in Global Beauty and Personal Care Products Market:

L’oreal Group
Unilever
Beiersdorf AG
Mary Kay
Avon
Kao Corporation
Revlon
The Estée Lauder Companies
L’occitane International S.A
Procter & Gamble
Coty Inc
Sally Beauty Holdings Inc
LVMH Moet Hennessy Louis Vuitton SA
Shiseido
Colgate-Palmolive Company.
Kao Corporation
L’occitane International S.A
Shiseido Company, Limited;
Church & Dwight Co. Inc.
Henkel AG & Co. KGaA
Johnson & Johnson
Koninklijke Philips NV

To Get a Detailed Report Summary And Research Scope of The Global Beauty and Personal Care Products Market, Click here @ https://www.maximizemarketresearch.com/market-report/global-beauty-and-personal-care-products-market/17955/

About Maximize Market Research:

Maximize Market Research provides broadcast network and tradition B2B and B2C business and market research on 12,000 increased new technologies, opportunities, and threats to companies in the chemical, healthcare, pharmaceuticals, electronics and communications, internet of things, food and beverage, aerospace & defense, and other primary industries. Maximize Market Research is perfectly positioned to analyze, estimate, and predict market size including the competitive landscape of the industries, as organizations all over the world fight to maintain the level of changing market, industrial, and technical conditions. On either hand, industry experts like those at Maximize Market Research are in a unique position to discover and predict the life cycle of the product, technological advancements, and market dynamics. This enables executives and decision-makers to make objective and evaluative decisions in the workplace.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected]

Written By

You may also like:

Business

US President Joe Biden delivers the State of the Union address - Copyright AFP Kazuhiro NOGIPresident Joe Biden called on US lawmakers Tuesday to...

Business

An activist with India's opposition Congress party shouts slogans in Kolkata as he burns an effigy of Prime Minister Narendra Modi and tycoon Gautam...

Tech & Science

The electric molecular motor is based on a [3]catenane whose components ― a loop interlocked with two identical rings ― are redox active, that...

Business

The process of lowering inflation has a long way to go, said Federal Reserve Chair Jerome Powell on Tuesday - Copyright AFP Karim SAHIBUS...