The market for cosmetics is projected to expand at a CAGR of 6% from 2023 to 2028, growing to a size of about USD 675 billion by 2026.
SEATTLE, WASHINGTON, USA, December 12, 2022 /EINPresswire.com/ — GLOBAL COSMETIC MARKET OVERVIEW
Cosmetics are beauty products used to enhance the appearance of the human body, care for the skin, or both. These refer to a variety of items that are typically sold under various headings, such as skincare and hair care.
The cosmetics industry, worth several billion dollars, has been expanding steadily over the past few decades. Cosmetics come in a wide variety of forms, and each one serves a specific function.
MARKET SEGMENT AND REGIONAL ANALYSIS
Market by Type
• Makeup: The market for cosmetics for make-up is enormous. Products for the face, lips, and eyes are included in this. Big sellers in this area include mascara, eye shadow, lipstick, blush, and other cosmetics. These items are typically used by women to improve their appearance and give themselves a more polished appearance. Although less frequently than women, males also apply makeup to alter their look.
• Moisturizers: In the cosmetics industry, moisturizers are a common product category. They support maintaining moisturized and supple skin. Both men and women use these products to maintain healthy skin conditions. Gels, creams, balms, and lotions are common types of moisturizers.
Market by Application
• < 15 Years Old :One of the most intriguing areas of the business is the 15-year-old cosmetics sector. This is due to the wide range of products available for enhancing and beautifying the skin. This includes items marketed specifically to young adults as well as items for both men and women.
• 15-25 Years Old: The 15 to 25 year old cosmetic market is expanding quickly. Numerous retailers are starting to carry the products that cosmetic companies are increasingly developing specifically for this age group.
Global cosmetic markets are constantly changing and evolving as a result of new technological advancements and escalating consumer demands. The cosmetic markets in Western Europe, Central & Eastern Europe, Asia Pacific, Latin America, and North America are examined regionally in this report.
PROMINENT KEY PLAYERS IN THE RETAIL MARKET
L’Oreal, Estee Lauder, and Procter & Gamble are a few of the most well-known cosmetics manufacturers in the world. Some of the most well-known products on the market are made by these businesses, and their brands are constantly looking for ways to enhance what they have to offer.
KEY MARKET SEGMENTS TABLE: RETAIL MARKET
Based on Types, Skincare
• Hair Care
• Oral Cosmetics
Based on Application, the Cosmetic market is primarily split into:
• < 15 Years Old
• 15-25 Years Old
• 25-35 Years Old
• 35-50 Years Old
• >50 Years Old
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast of the following regions are covered:
• Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America[United States, Canada, Mexico]
• Middle East & Africa[GCC, North Africa, South Africa]
• South America[Brazil, Argentina, Columbia, Chile, Peru]
Analysis of the impact of the Russia-Ukraine War and COVID-19
It is clear from the outset that the ongoing conflict between Russia and Ukraine affects the global retail market. Russians are generally spending less money on imports and retailers are reducing their inventories, which has an effect on both supply and demand. While things may eventually calm down.
Key Drivers & barriers in the Cosmetic Market
One of the sectors in the global economy with the most regulation is the cosmetics market. Globally, governments have enacted strict safety and quality control regulations in an effort to shield consumers from dangerous chemicals and unapproved additives. Because of this, the cosmetics industry now faces difficult competition from companies that are permitted to operate with fewer restrictions.
Key Benefits for Industry Participants & Stakeholders:
• This market study offers useful information to help with the design of business strategies that will benefit this market and its participants.
• This report provides a thorough understanding of cosmetic market penetration by different types, applications, and sales channels, along with related
potential future developments. Based on those growth rates and the corresponding drivers and constraints, the client can now select the category with
the greatest development potential.
• The top companies are listed, and an analysis of the cosmetic market factors, including opportunities and economic trends that will affect the market
going forward, is provided.
• This research provides a sector overview and analyzes industry trends. The study outlines the market predictions and present trends in the cosmetic
sector. In-depth player profiles for the top players on the market are provided in the report’s conclusion.
Following is the list of TOC for the Retail Market:
• Market Definition
• Market Development
• Current Situation
• Aspects of COVID-19 Impact
• Key Companies
• RESEARCH SCOPE
• Global Market by Type
• Global Market by Application
• Global Market by Forecast
• Global Market by Region
• MARKET DYNAMICS
• Key Companies
• Market Feature
• Manufacturing & Purchasing Behavior in 2020
• Market Development under the Impact of COVID-19
• GLOBAL MARKET SEGMENTATION
• COMPETITION OF MAJOR PLAYERS
• Market Distribution of Major Players
• Global Competition Segmentation
• MARKET FORECAST
Why is a Cosmetic Market Research Report so Important?
• It emphasizes significant corporate objectives to assist companies in realigning their business plans.
• Understanding the strategies that promote commercial interest in client products, segmentation, pricing, and distribution will improve your decision-
• Any marketing plan must, of course, include market research. It provides you with useful knowledge about your business and the bigger market.
• When finishing your marketing plan, having this knowledge is power.
• Good market knowledge reduces risks while making crucial company decisions.
• The market study provides the industrial robots market revenues, encompassing both the market’s historical growth and future projections.