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.
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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.
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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.
For more info visit @ https://www.grandviewresearch.com
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