The global beauty and personal care products market size is
anticipated to reach USD 716.6 billion by 2025, according to a new report by
Grand View Research, registering a CAGR of 5.9% during the forecast period.
Growing preference for natural and organic personal care (NOPC) products,
increasing adoption of Augmented Reality (AR) in the beauty industry, growing
demand for anti - aging products, and increasing popularity of men’s grooming
products are some of the key factors that are expected to drive the market over
the forecast period.
AR uses face and skin - mapping
technology to show how products would look on individual consumers before they
purchase them. Thus, they need not visit a physical store nor try the products
on, thus saving time and making purchase process more convenient.
Growing awareness about health,
wellness, and personal grooming and appearance among men is projected to
account for a rise in the demand for men’s grooming products. This, in turn, is
expected to boost the growth of the market over the forecast period. A variety
of men’s toiletries are now available in the market, such as deodorants, hair
care, and skin care products, and bath and shower products. Furthermore, the
skin care/sun care product segment expanded at a moderate CAGR from 2014 to
2017 owing to increasing aging population and growing awareness about
advantages of using anti - aging products.
The Asia Pacific market accounted for
the largest share of the market in 2017. It is expected to witness a
significant gain in revenue share over the forecast period on account of its
large population and the popularity of the e - commerce distribution channel
across various industries in this region. Additionally, Japan, China, and India
are expected to be the key contributors to the growth of the organic products
segment in the region over the forecast period.
Browse full research report on Beauty and Personal Care Products Market: https://www.grandviewresearch.com/industry-analysis/beauty-personal-care-products-market
Further key findings from the report suggest:
- The demand for the beauty and personal care products market
is expected to increase owing to rising aging population and growing
consciousness to maintain youthful skin and a good appearance. The skin
care/sun care segment is expected to register the highest CAGR of 6.2%
over the forecast period
- The U.S., China, Japan, India, and Mexico are expected to
witness considerable growth over the forecast period owing to robust
industrial development and extensive urbanization
- The key players in this market include Avon Products, Inc.;
Beiersdorf AG; Coty Inc.; Kao Corporation; L’occitane International S.A.;
L’Oréal Group; Procter & Gamble; Mary Kay Inc.; Shiseido Company,
Limited; Unilever Revlon, Inc.; and The Estée Lauder Companies Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/beauty-personal-care-products-market/request/rs1
Grand View Research has segmented the global beauty and personal
care products market on the basis of product, distribution channel, type, and
region.
Beauty and Personal Care Product Outlook (Revenue, USD Billion;
2014 - 2025)
- Skin
Care/Sun Care
- Hair
Care
- Makeup
& Color Cosmetic Products
- Deodorants/Fragrances
- Others
Beauty and Personal Care Products Distribution Channel Outlook
(Revenue, USD Billion; 2014 - 2025)
- Direct
Selling
- Hypermarkets
& Retail Chains
- E -
commerce
- Specialty
Stores
- Others
Beauty and Personal Care Products Type Outlook (Revenue, USD
Billion; 2014 - 2025)
- Vegan
- Organic
- Inorganic
Beauty and Personal Care Products Regional Outlook (Revenue, USD
Billion; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia
Pacific
- China
- Japan
- India
- South
America
- Brazil
- Columbia
- Middle
East & Africa (MEA)
- South
Africa
- Saudi
Arabia
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
No comments:
Post a Comment