Cosmetics Market Expected to Witness High Growth over the Forecast to 2026

New report on the Cosmetics market conducts a detailed investigation of the latest and future scenarios of the industry. The report also illustrates the business’s key trends and expansion opportunities along with the obstacles that are negatively impacting the market growth.  The study provides past and latest data updates of the various market segments to identify several avenues for business expansion, as well as offers verifiable projections pertaining to market share, market size, and growth rate of the industry over the review timeline. Moreover, the report entails invaluable data based on the consumption and pricing patterns pursued by a definite representation of the competitive space.

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Executive Summary

The Global Cosmetics Market was valued at USD 307.69 Billion in the year 2020. The huge demand for cosmetics is influenced by awareness among people about the benefits of cosmetics for their skin and hair which uplifted their average expenditure on cosmetics. Moreover, the increasing trend for sun care products, night skin repair creams, fresh face mists is likely to boost demand for cosmetic products in future, hence, paving a way for the growth in the market during the forecast period 2021-2026.

Based on the Product Category segment, the skincare category is expected to grow the fastest during the forecast period. Many of the skin concerns such as pollution, sun protection, workplace stress reaching near-epidemic levels is driving the interest in skincare products. Moreover, there is a growing desire for health-promoting and self-care products, as well as the ability of social media to empower and inform consumers more quickly, and, perhaps most importantly, the ability of new technology to simplify the unusually complex choices consumers face when dealing with skincare brands.

Asia Pacific region is estimated to be the fastest-growing region in Cosmetics Market, due to growing concern over health and hygiene, personal appeal, and rising demand for natural and organic beauty products and many others. China, Japan, South Korea, India are the major cosmetics markets of the world.

The online segment is expected to grow at the fastest rate during the forecast period. The advantages of e-commerce have benefited not only businesses but also customers in terms of cost and a wide range of possibilities. Furthermore, the internet distribution method has attracted new customers with surging demand for cosmetics worldwide. The rising fashion and entertainment industries in major and emerging countries including the United States, France, and South Korea have boosted the demand for cosmetics. While consumers in large metros are opting for online retail and e-commerce for most of their purchases, the trend is slowly penetrating in non-metro cities as well.

Scope of the Report

• The report presents the analysis of the Cosmetics market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyses the Cosmetics Market by Value (USD Billion).

• The report analyses the Cosmetics Market by Product Category (Skincare, Haircare, Makeup, Others).

• The report analyses the Cosmetics Market by Distribution Channel (Offline, Online).

• The Global Cosmetics Market has been analysed by countries (United States, Canada, Brazil, UK, Germany, France, Italy, China, Japan, India).

• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.

• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include L’Or?(C)al, Unilever, Procter & Gamble Company, Est?(C)e Lauder Companies Inc., Shiseido Company, Johnson & Johnson, Kao Corporation, Beiersdorf AG, Coty Inc., Natura & Co.

Key Target Audience

• Cosmetics and Personal Care Companies

• Healthcare Companies

• Consulting and Advisory Firms

• Government and Policy Makers

• Regulatory Authorities

For More Details On this Report: https://www.marketstudyreport.com/reports/global-cosmetics-market-2022-edition-analysis-by-product-category-skincare-haircare-makeup-others-by-distribution-channel-by-region-by-country-market-insights-and-forecast-with-impact-of-covid-19-2021-2026?utm_source=Marketwatch.com&utm_medium=Ram

 

Key Indicators Analyzed

  • Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
  • Global and Regional Market Analysis: The report includes Global & Regional market status and outlook. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
  • Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
  • Opportunities and Drivers: Identifying the Growing Demands and New Technology
  • Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

  • To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • Learn about the market strategies that are being adopted by leading respective organizations.

 

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