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Beauty and Personal Care Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026 | Emphasis on Product Type (Cosmetics (Face, Lips, Eyes, Nails), Skin Care (Face, Body, Sun Protection, Baby & Child)

02-06-2020 07:55 AM CET | Fashion, Lifestyle, Trends

Press release from: UnivDatos Market Insights (UMI)

Beauty and Personal Care Market

Beauty and Personal Care Market

Global Beauty and Personal Care Market is anticipated to reach the market valuation of US$ 684.9 billion by 2026 expanding at a reasonable CAGR of 4.67% in the course of the forecasted period (2020-2026) from US$ 482.1 billion in 2018.The conception of beauty and personal care has progressed tremendously due to a strong rise in digital and social media influence. The desire to look good and feel good is raging more than ever in people from all walks of life and the yardstick has just gone higher. Beauty and personal care are no more restricted to basic hair care and skincare routines. It's much more diversified and changing, hence providing a great growth opportunity for the industry participants. A large part of the business is growing due to the increase in the supply of salons and professional artists and it has further led to growth in a number of consumers preferring professionals for their beauty needs. Whereas consumers earlier would shampoo and condition their hair at home, now they are keener to walk into a salon and get more professional treatment for their hair and skin and that fairly is driving the growth of the industry. From a demographic perspective, the prime three factors driving this growth increasing disposable income, more women coming into the workforce and the rising number of social occasions.

For Regional analysis of the overall sale of Beauty and Personal Care products browse through - https://univdatos.com/report/beauty-and-personal-care-market-current-scenario-and-forecast-2020-2026

Moreover, increasing investments by established players along with numerous start-ups have remarkably scaled up the potential for the industry, further leading a surge in demand for male grooming products such as shower and shaving products, men face cream and deodorants advanced technologies into their crop cultivation. However, unregulated beauty industry, negative environmental impact due to inorganic beauty products along with high costs of raw materials tend to restrict the growth trend of beauty and personal care market.The boosting performance of beauty and personal care market has also motivated the beauty industry to evaluate opportunities to collaborate and enhance their investments in beauty and personal care industry. Established FMCG players are introducing new product lines such as herbal, ayurvedic, organic, etc. with a focus on the overall wellness. It has been observed that the term beauty is very subjective and is defined differently by different people. It is inclusive of numerous facts to it such as physical, social, cultural, emotional. While the perceived experience of pleasure or satisfaction is the common motive of all the facets. Thus, the beauty industry across the globe is considered as a gamut of all those services and products which focus on enhancing the aesthetics or appeal of an individual to make him/her look and smell better. Salons, spas (rejuvenation) and aesthetic dermatology constituting non-surgical procedures are three key segments of the beauty and personal care industry.

Request for Sample of the report - https://univdatos.com/request_form/form/242

Based on product category, the global beauty and personal care market is fragmented intoColor Cosmetics(Face care, Lip care, Eyecare, Nail care and others),Skin Care(Face care, Body care, Sun Protection, Baby & Child products),Personal Care(Hair Care, Oral Care, Deodorants, Shaving Others (Showers & Bath)), andFragrances. Personal care products dominated the beauty and personal care market in 2019, accounting for 43.5% share. Based on the source, the global beauty and personal care market is segmented into organic and inorganic. In 2019, the inorganic product segment generated revenue of US$ 364.3 billion, however, demand for organic beauty and personal care products is expected to witness the highest CAGR growth of 5.38% during the forecast period (2020-2026). Based on product class the market is segmented into mass and premium products. Mass products dominated the market with a 75.2% share in 2019. On the basis of the distribution channel, the market is segmented into convenience stores, hypermarket/supermarket, pharmacies/drug stores, and online retail channels. In 2019, the Pharmacies/Drug Stores segment generated revenue of US$ 55.36 billion. However, online retail channels are poised to witness the highest CAGR growth of 5.8% during the analyzed period.

For Regional analysis of the overall developments in the Beauty and Personal Care industry browse through- https://univdatos.com/report/beauty-and-personal-care-market-current-scenario-and-forecast-2020-2026

Additionally, for better investigation and penetration of the Global Beauty and Personal Care market,a detailed analysis was conducted for different regions/countries across the globe. Major region/county analyzed in the study includesNorth America (US, Canada, Rest of North America), Europe (Germany, UK, France, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Thailand and Rest of Asia-Pacific), MENA (UAE, Saudi Arabia and Rest of MENA) and Rest of the World (Argentina, Brazil and Other). Asia-Pacific beauty and personal care sector is expected to generate revenue of US$ 252.3 billion by 2026.Attributed to a solid increase in disposable income, rising standards of people, along with growing expenditure of people on personal care products specifically luxury items such as fragrances and color cosmetics has catalyzed the demand for beauty and personal care products in the region.Some of the major companies profiled in the global beauty and personal care market areLoreal, P& G, Unilever, Colgate Palmolive, Estee Lauder, Johnson & Johnson, Oriflame Cosmetic Pvt Ltd, Coty, Revlon, Shiseido and Beiersdorf.These players have established their market presence over the decade in the industry with major growth strategy including product launches, market expansion, a partnership among others. The industry has also witnessed the emergence of several start-ups over the past few years, majorly in the Asia-Pacific and American regions.

Global Beauty and Personal Care Market Segmentation

Market Insight, by Product Category

Color Cosmetics Products
Skin Care Products
Personal Care Products
Fragrances Products

Market Insights, by Source

Organic
Inorganic

Market Insights, by Product Class

Mass
Premium

Market Insights, by Distribution Channel

Convenience Stores
Hypermarkets/Supermarkets
Pharmacies/Drug Stores
Online Retail Channels

Market Insight, by Region

North America Beauty and Personal Care Market
Europe Beauty & Personal Care Market
Asia-Pacific Beauty & Personal Care Market
MENA Beauty & Personal Care Market
Rest of World Beauty & Personal Care Market

Top Company Profiles

Loreal
P&G
Unilever
Colgate -Palmolive
Estee Lauder
Johnson & Johnson
Coty
Shiseido
Beiersdorf
Oriflame Cosmetics SA
Revlon

Feel free to contact us for any queries - https://univdatos.com/request_form/form/242

Beauty and Personal Care Market can further be customized as per the requirement or any other market segment. Besides this, UnivDatos Market Insights (UMI) understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Contact Us

UnivDatos Market Insights (UMI)
E-14B, Sector-8, Noida
India
Tel:?0120-4326511
Email: sales@univdatos.com
Web:?https://univdatos.com

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a rapidly emerging market research firm that offers the most relevant and effective research solutions. With our unique approach to gathering valuable data and using actionable insights, we help our clients develop winning market strategies, so they can explore market-entry and growth opportunities to drive smart decisions.

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