Global Cosmetics Market
Growth Opportunities in the global cosmetics market look promising over the next six years. Rising demand for natural ingredients in cosmetics products and significantly changing lifestyle are key factors driving the growth of the global cosmetics market.
Introduction of the Cosmetics Market:
The products which are particularly designed to cleanse, protect, and change the appearance of external body parts of our bodies are called the cosmetics market. Moisturizers, thickeners, water, emulsifiers, preservatives, fragrances, and colors are several types of key ingredients used in cosmetics. A huge range of cosmetics products are available in the market, including skin cream, makeup, grooming aids, and nail paint, such as deodorant, soap, shaving cream, and shampoo.
Cosmetics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The global cosmetics market is expected to witness strong growth in the market during the forecast period due to significantly changing lifestyles, growing disposable income, and rising demand for natural ingredients in cosmetics products. They have started gaining popularity and are not limited to unpretentious stores. Moreover, the top priority of most beauty enthusiasts is organic or natural products. There has been a significant shift from chemical-based cosmetics products to organic products due to their increasing awareness of their benefits. With the growing number of influencers, beauty blogs, and social media accounts dedicated to skincare practices, people are presently becoming more aware of organic products’ requirements.
The increasing use of synthetic chemicals in skincare products has led to harmful results, which even resulted in life-threatening diseases such as cancer. As per cosmetics market analytics, the rising cases of allergies driven by surged exposure to chemicals based cosmetics products are promoting the consumers to shift towards natural or organic products. Organic products are environment friendly, and they not only minimize aging but also reduces other skin related problems. Thereby, the strong demand for natural ingredients in cosmetics products is surging the growth of the cosmetics market size. On the other hand, the major factor hampering the growth for cosmetics market share in terms of revenue include the rising trend of adopting advanced beauty treatments owing to high-income status.
With the emergence of the COVID-19, there has been an upsurge in the growth of the global cosmetics market. The major brands majorly aim to bring digitalization by increasing their websites, maintaining the social distancing precaution, balancing their sales, and creating pages on various social media platforms and marketplaces. Currently, the emerging trend of do-it-yourself (DIY) among the consumers is further fuelling the demand of the market. Due to closed salons and beauty shops, the consumers are avoiding these services to prevent physical contact, which in turn, is encouraging them to opt for cosmetics products and perform their beauty care process at their home.
Key Players of the Global Cosmetics Market:
- L’Oréal S.A.
- New Avon Company
- The Procter & Gamble Company
- Unilever Group
- OriflameCosmetics S.A.
- Revlon Inc
- Kao Corporation
- The Estee Lauder Companies Inc.
- Shiseido Company, Ltd.
- SkinFood
Cosmetics Market Segmentation:
Segmentation by Category:
- Skin and Sun care products
- Hair care products
- Deodorants
- Makeup and Color cosmetics
- Fragrances
- Others
Segmentation by Distribution Channel:
- Retail Sales
- General departmental store
- Supermarkets
- Drug stores
- Brand outlets
- Online Sales
Segmentation by Gender:
- Men
- Women
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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