Cosmetics (makeup or beauty products) are made of different chemical compounds. The cosmetics products that are predominantly available and are used by individuals are sun care, skin care, hair care, deodorants, makeup & color cosmetics, and fragrances. These products are currently available. The world cosmetics market is expected to grow at a CAGR of 4.3% from 2016 to 2022.
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Factors did strengthen the growth of this market include change in lifestyle, rise in disposable income, need for skin care products due to varying climatic conditions, and change in packaging styles & attractive marketing strategies. However, factors hindering the market’s growth are increasing awareness of probable side effects of chemical based cosmetics and advanced beauty treatments. Moreover, the demand for natural products, herbal, and organic beauty products are becoming potential opportunities for manufacturers to innovate and develop new products according to consumer preferences.
The world cosmetics market is segmented on the basis of category, mode of sale, gender, and geography. The category segment includes skin & sun care products, hair care products, deodorants, makeup & color cosmetics, and fragrances. Among these products, skin & sun care and hair care are majorly used products and hold a considerable share in global cosmetics market. The retail store is located in the center of the city, within a short distance of shops, supermarkets, drug stores, and brand outlets. Customers majorly prefer the retail mode of sale while buying cosmetic products. However, online for the purchase of cosmetic products. Geographically, the cosmetics market is segregated into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific and Latin America Middle East and Africa (LAMEA) are the prominent growth markets.
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Key players profiled in the report are L’Oréal International, Avon Product Inc., The Proctor and Gamble Company, Unilever PLC, Oriflame Cosmetics SA, Revlon, Inc., Kao Corporation, The Estee Lauder Company Inc., Skin Food, and Shiseido Company, Limited.
Key Benefits
The report includes in-depth analysis of the world cosmetics market, Including current trends, drivers, restraints, and growth opportunities.
Porter’s Five Forces model is the potential of buyers and sellers.
Value chain analysis provides a clear understanding of the key.
Key market players have been profiled to gain an understanding of the strategies adopted by them.
The current market trends are quantitatively analyzed and estimated for the 2016-2022 period, which have been provided by the financial competency.
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