According to the latest report of the IMARC group, entitled “Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. ‘ the global cosmetics market reached a value of US$357.5 billion in 2021. Cosmetics refers to a mixture consisting of various chemical compounds extracted from multiple natural and synthetic sources. These include perfumes, shaving creams, skin moisturizers, shampoos, hair coloring products and functional consumer goods for personal care. Cosmetics help protect the wearer against ultraviolet (UV) rays, correct body odor, improve physical appearance, minimize acne, and cleanse, beautify, and improve overall skin health. Due to these properties, cosmetics are widely used by men and women across the world.
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The global cosmetics market is primarily driven by the rising prevalence of various dermatological disorders and other skin-related complications. This is further supported by the growing awareness of beauty and awareness among consumers of the mental and social benefits associated with the use of cosmetics. Additionally, the increase in personal care product purchases due to disposable income inflation, strong social media influence and the implementation of aggressive marketing strategies, such as celebrity endorsements, propels market growth. Apart from this, strategic collaborations between key players for the introduction of non-genetically modified (non-GMO) premium organisms, natural cosmetic products in innovative packaging and their easy availability on different distribution channels are helping in the growth of the market. Looking ahead, IMARC Group expects the market to reach US$508.3 billion by 2027 growing at a CAGR of 5.95% during the period 2022-2027.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Key Market Segmentation:
- Amway Corp.
- Avon Products Inc.
- Beiersdorf AG
- Henkel AG & Co. KGaA
- Kao Corporation
- L’Oreal SA
- Oriflame Cosmetics SA
- Procter & Gamble Company
- Revlon Inc. (MacAndrews & Forbes Incorporated)
- Shiseido Company Limited
- Skinfood Co. Ltd
- The Estee Lauder Companies Inc.
- Unilever plc.
Breakdown by product type:
- Skin care and sun care products
- Hair care products
- Deodorants and perfumes
- Make-up and color cosmetics
Breakdown by category:
Breakdown by sex:
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Specialty stores
- Online stores
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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