According to the latest report by IMARC Group, titled “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. Looking forward, IMARC Group expects the market to reach US$ 508.3 Billion by 2027, exhibiting at a CAGR of 5.95% during 2022-2027. Cosmetics refer to a constituted blend of various chemical compounds that are extracted from multiple natural and synthetic sources. They involve perfumes, shaving creams, skin moisturizers, shampoos, hair color products and functional personal care consumer goods. Cosmetics assist in protecting the wearer against ultraviolet (UV) radiation, correcting body odor, enhancing the physical appearance, minimizing acne, and cleansing, beautifying and improving the overall health of the skin. On account of these properties, cosmetics are extensively used by both men and women across the globe.
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The global cosmetics market is majorly driven by the increasing prevalence of various dermatological disorders and other skin-related complications. This is further supported by the rising beauty consciousness and awareness amongst consumers regarding the mental and social benefits associated with the utilization of cosmetics. Additionally, the escalating purchase of personal care products due to inflating disposable incomes, strong social media influences and the implementation of aggressive marketing strategies, such as celebrity endorsements, are propelling the market growth. Apart from this, strategic collaborations amongst key players for introducing premium, non-genetically modified organisms (non-GMOs), natural cosmetic products in innovative package designs and their easy availability across different distribution channels, are contributing to the market growth.
Key Market Segmentation:
Competitive Landscape:
- Amway Corp
- Avon Products Inc.
- Beiersdorf AG
- Henkel AG & Co. KGaA
- Kao Corporation
- L’Oréal S.A.
- Oriflame Cosmetics AG
- Procter & Gamble Company
- Revlon Inc. (MacAndrews & Forbes Incorporated)
- Shiseido Company Limited
- Skinfood Co. Ltd
- The Estée Lauder Companies Inc
- Unilever plc.
Breakup by Product Type:
- Skin and Sun Care Products
- Hair Care Products
- Deodorants and Fragrances
- Makeup and Color Cosmetics
- Others
Breakup by Category:
- Conventional
- Organic
Breakup by Gender:
- Men
- Women
- Unisex
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Pharmacies
- Online Stores
- Others
Breakup by Region:
- North America (United States, 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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Key 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
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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