Press release
Rising Proclivity of Consumers for Higher-priced Products characterizing better Efficacy Underpins Expansion of Premium Beauty & Personal Care Products Market || Key Players: Revlon, Inc., Mary Kay, Shiseido Company, Limited, Procter and Gamble Co., Avon
According to Fact.MR, premium beauty and personal care products will spawn into a multi-million dollar market and is anticipated to rise at a CAGR during the forecast period from 2017 to 2022. The global premium beauty and personal care products market is projected to reach a worth of US$111 Bn in revenue.
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The premium beauty and personal care products market is expected to witness more attractive evolution trajectories as more number of these products are mainstreamed toward common consumers. Manufacturers of mass-category products in various parts of the world seem to jump on the bandwagon of the rising affinity toward beauty and personal care products. This has imparted a considerable momentum to the expansion of the premium beauty and personal care products market. Various beauty and personal care products brands are leveraging their technical competencies to develop specialized personal care products, notably for skin care. Numerous skin care brands are tapping into several emerging markets with premium beauty and personal care products to meet the emerging product choices, especially of young adults in generation Y. The adoption of eco-friendly labels in premium beauty and personal care products is also providing a robust thrust in this direction.
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The rising per capita expenditure on personal care products in developing countries over the past years has also supported the rapid uptake of premium beauty and personal care products. Furthermore, the demand for more efficacious formulations for treating complicated skin conditions is fueling the demand for premium beauty and personal care products.
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The report offers a critical look at the profile of various market players and the offerings of key ones in the premium beauty and personal care products market. It also evaluates how the changes in strategic landscape going to influence the degree of competition in the premium beauty and personal care products market. Some of the top players operating in the premium beauty and personal care products market are Revlon, Inc., Mary Kay, Shiseido Company, Limited, Procter and Gamble Co., Avon Products, Beiersdorf AG, Kao Corporation, the Estée Lauder Companies Inc., Loreal Group, and Unilever.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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