Business

Cosmetics Market Size is Anticipated to Reach $ 480.4 Billion by 2030

Precedence Research recently published a report on “Cosmetics Market (By Category: Skin & sun care products, Hair care products, Deodorants & fragrances, Makeup & color cosmetics; By Gender: Men, Women, Unisex; By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Pharmacies, Online sales channels, Other) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030”, The global cosmetics market size is projected to reach USD 480.4 billion by 2030 from an estimated USD 341.1 billion in 2020, at a CAGR of 5.1% from 2021 – 2030.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates cosmetics market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global cosmetics market for the period from 2017 to 2030.

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Any substance that can be utilized in enhancing the physical appearance of the user is referred to as cosmetics. It includes lipsticks, nail polishes, hair colors, skin moisturizers, concealers, perfumes, shampoos and many others. It also helps in providing wonderful fragrance to the body of the consumer that amplifies their physical appeal. In recent years, the cosmetics products have become essential goods in the day to day life. Furthermore, the continuous innovation in the cosmetics product carried out by the multinational corporations in order to meet the specific requirements of the customers has amplified the cosmetics market across the globe.

Crucial factors accountable for market growth are:

  • The surge in demand for organic cosmetics products.
  • Promotion on the ecommerce platforms by the major market players.
  • The rapid growth in consumers disposable income.
  • Increasing demand for maintaining a presentable appeal.
  • Rapid innovation of the cosmetics products by the multinational companies.
  • Extensive marketing of the cosmetics products.

Scope of the Cosmetics Market

Report Coverage Details
Market Size in 2030 USD 480.4 Billion
Growth Rate from 2021 to 2030 CAGR of 5.1%
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Category Type, Gender Type, Distribution Channel
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Companies Profiled Avon Products Inc., Unilever Plc., The Procter & Gamble Company, L’Oreal S.A., Revlon, Inc., Kao Corporation, Oriflame Cosmetics S.A., Shiseido Company Limited, Skin Food Co., Ltd., The Estee Lauder Companies Inc.

Regional Snapshots

Europe leads the cosmetics market in 2021 and is projected to grow at a CAGR of 2.8% in the upcoming years. In Europe, the demand for cosmetics products is very high as the consumers firmly believe that it is essential to maintain a healthy and hygienic life. Moreover, the customer demand for a quality life makes Europe an efficient market for innovations in the cosmetics products.

The Asia-Pacific cosmetic market was valued at USD 164 billion in 2020 is estimated to grow at a CAGR of 6% in the coming years. The prime factors that is responsible for the growth of the cosmetics market in the Asia Pacific region includes the desire for an attractable personal appeal, growing concern over health and hygiene, demand for natural and organic beauty products and many others.

Report Highlights

  • The skin care segment, of the cosmetic market holds the largest market share and generates huge revenues. The awareness among the customers regarding a pleasant appeal has boosted the growth in demand for the skin care products.
  • On the basis on gender, the women segment in terms of market share and is projected to grow with a significant CAGR during the forecast period.
  • The rise in urbanization and surge in customers disposable income has facilitated the growth of cosmetics products.
  • By Geography, Europe leads the cosmetics market by revenues share because of rise in use of anti-aging cosmetic products in this region.

Market Dynamics

Driver

The rising consumer demand for various skin care products such as creams, lotions, peels and many others have significantly contributed towards the growth of the cosmetics market. Additionally, the surge in demand for anti-aging products, natural and organic beauty products is expected to drivethe growth of the cosmetics market.Furthermore, the rising consumer awareness and surge in customer disposable income is anticipated to fuel the growth of the cosmetics market.

Restraint

In the recent years, there has been a shift towards the organics and herbal products across the globe owing to the side effects from the use of the cosmetic products and this is expected to act as a major restraining factor that will hamper the growth of the cosmetics market. Moreover, with the evolution of technologies advanced beauty care treatments have been developed and this attribute has the potential to retrain the growth of the cosmetics market.

Opportunity

In the past decade, there have been a significant development of the ecommerce industry and the majority of sale of the cosmetics products takes place through these ecommerce platforms. Hence, the major players in the cosmetics market can utilize these ecommerce platforms to run an impressive marketing campaign in order to amplify their sales.

Challenges

A large number of customers have become cautious towards the side effects of extensively using the cosmetics products and therefore, desire to shift towards organic and herbal products. The major challenge among the players would be to rebuildthe trust among the customers regarding the safety of their cosmetic products in the long run by eradicating the side effects that may be caused by the extensive use of the cosmetic products.

Recent Developments

  • In 17th September, 2021 Shiseido Company, Limited completed the construction of its Osaka Ibaraki Factory and West Japan Distribution Center in Ibaraki City, Osaka. This will help in building the supply chain base for the production and distribution of prestige skincare products.
  • In 2nd August, 2021 London – Unilever announced today that, it has completed the acquisition of Paula’s Choice, the digital-led skin care brand. This will help in developing Unilever’s portfolio in the high growth premium skin care segment.
  • In 23rd June, 2021 L’Oréal announces the creation of a new Europe Zone to be led by Vianney Derville. This organizational change has been designed to put in place the optimum conditions that will help in driving future growth.

Scope of the Study

This cosmetics market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the cosmetics market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the cosmetics market include:

Avon Products Inc., Kao Corporation, L’Oreal S.A., Oriflame Cosmetics S.A., Revlon, Inc., Shiseido Company Limited, Skin Food Co., Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Company and Unilever Plc.

Segments Covered in the Report

By Category

  • Skin & sun care products
  • Hair care products
  • Deodorants & fragrances
  • Makeup & color cosmetics

By Gender

  • Men
  • Women
  • Unisex

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Pharmacies
  • Online sales channels
  • Other

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Points Covered in cosmetics market Study:

  • Growth of cosmetics in 2021
  • Market Estimates and Forecasts (2017-2030)
  • Brand Share and Market Share Analysis
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Recommendation on Key Winning Strategies
  • COVID-19 Impact on Demand for cosmetics and How to Navigate
  • Key Product Innovations and Regulatory Climate
  • cosmetics Consumption Analysis
  • cosmetics Production Analysis
  • cosmetics and Management

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Cosmetics Market, By Category

7.1. Cosmetics Market, by Category Type, 2021-2030

7.1.1. Skin & sun care products

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Hair care products

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Deodorants & fragrances

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Makeup & color cosmetics

7.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Cosmetics Market, By Gender

8.1. Cosmetics Market, by Gender, 2021-2030

8.1.1. Men

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Women

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Unisex

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Cosmetics Market, By Distribution Channel 

9.1. Cosmetics Market, by Distribution Channel, 2021-2030

9.1.1. Hypermarkets/Supermarkets

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Specialty Stores

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Pharmacies

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Online sales channels

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Cosmetics Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Category (2017-2030)

10.1.2. Market Revenue and Forecast, by Gender (2017-2030)

10.1.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Category (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Gender (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Category (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Gender (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Category (2017-2030)

10.2.2. Market Revenue and Forecast, by Gender (2017-2030)

10.2.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Category (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Gender (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Category (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Gender (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Category (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Gender (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Category (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Gender (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Category (2017-2030)

10.3.2. Market Revenue and Forecast, by Gender (2017-2030)

10.3.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Category (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Gender (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Category (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Gender (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Category (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Gender (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Category (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Gender (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Category (2017-2030)

10.4.2. Market Revenue and Forecast, by Gender (2017-2030)

10.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Category (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Gender (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Category (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Gender (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Category (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Gender (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Category (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Gender (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Category (2017-2030)

10.5.2. Market Revenue and Forecast, by Gender (2017-2030)

10.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Category (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Gender (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Category (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Gender (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 11. Company Profiles

11.1. Avon Products Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Kao Corporation

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. L’Oreal S.A.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Oriflame Cosmetics S.A.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Revlon, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Shiseido Company Limited

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Skin Food Co., Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. The Estee Lauder Companies Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. The Procter & Gamble Company

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Unilever Plc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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