SHERIDAN, WYOMING, UNITED STATES, Sept. 22, 2022 /EINPresswire.com/ — IMARC Group provides comprehensive cosmetics industry analysis covering market trends, investment opportunities, growth trends, statistics and industry outlook. The report provides a comprehensive analysis of the industry that includes insights into market size, share, trends, analysis, growth, demand, statistics and overview. The report also includes competitive and regional analysis along with current advances in the global market.
Trends in the cosmetics market:
The global cosmetics market reached a value of US$357.5 billion in 2021. Looking ahead, IMARC Group expects the cosmetics market to reach $508.3 billion by 2027, at a CAGR of 5.95% over 2022-2027. Cosmetics stands for beauty and personal care products that are made using organic and chemical compounds. They can be categorized into skin and sun care products, hair care products, deodorants and fragrances, makeup products, etc. Cosmetics offer numerous benefits such as: B. improving the external appearance, maintaining skin health and increasing the overall self-esteem. Consequently, they are in high demand among both male and female consumers around the world.
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Global Cosmetics Market Trends:
The expanding e-commerce industry and increasing online availability of luxury and premium skincare and makeup items are among the key factors driving the cosmetics market. Accordingly, the introduction of several additional benefits by leading e-retailers is also having a positive impact on market growth, including same-day and single-day delivery services, easy-to-navigate dashboards, and enhanced security features for online payments. In addition, the development of new products with natural ingredients that prevent negative effects on the skin acts as another important growth factor. Furthermore, the changing preferences for handy and easy-to-use product variants among the working female population further contributes to the growth of the global market. Furthermore, the introduction of attractive packaging solutions by key market players and increasing investments in promotional activities to increase brand awareness and expand the existing customer base are expected to propel the cosmetics market in the coming years.
Note: We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
Reporting Area of Cosmetics Market:
Details on reporting features
Base year of analysis 2021
Historical period 2016-2021
Forecast period 2022-2027
Units billion dollars
Segment Coverage Product Type, Category, Gender, Distribution Channel, Region
Key Market Segmentation:
Avon Products Inc.
Henkel AG & Co. KGaA
Oriflame Cosmetics AG
Procter & Gamble company
Revlon Inc. (MacAndrews & Forbes Incorporated)
Shiseido Company Limited
The Estee Lauder Companies Inc
Breakdown by product type:
skin and sun care products
hair care products
deodorants and fragrances
Make-up and color cosmetics
Breakdown by category:
Separation by gender:
Breakdown by sales channel:
supermarkets and hypermarkets
Breakdown by region:
North America (United States, Canada)
Europe (Germany, France, UK, Italy, Spain, others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, others)
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Key highlights of the report:
Market performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Effects of COVID-19
Analysis of the value chain
Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.
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