Beauty and Personal Care Market: Global Industry to Witness Considerable Growth by 2028

Evolve business intelligence, today, has published a new market research report on “The global Beauty and Personal Care market size was valued at $XX Million in 2020 and is expected to reach $XX Million by 2028 growing at the CAGR of XX% from 2021 to 2028
The major factors that have impacted the growth of the market include increasing demand for cosmetic and personal care products, improving quality of life, growing demand for organic-based products, and others.
For more information on the report: https://evolvebi.com/product/beauty-and-personal-care-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the beauty and personal care market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the beauty and personal care market report also includes the following data points:
• COVID19 Impact on beauty and personal care market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in beauty and personal care market

Analyst View
According to Nisha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to have a moderate effect on beauty and personal care market. In the beauty and personal industry, most of the brands does the payment of their supplier’s weeks or even month after the delivery has been done. In this pandemic crisis, many brands and retailers have canceled their order and stopped payment of the order which they have already placed. Due to this, most of the factories have got no choice but to hold the stock or to destroy it. This has resulted in a greater financial loss.

Competitive Scenario
Some of the major beauty and personal care players holding high market share include Revlon, The Estée Lauder Companies, Procter and Gamble, and Unilever. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The beauty and Personal Care market is analyzed across the below-mentioned different segments:
• Nature
o Organic
o Synthetic
• Organization Type
o Skin Care
o Hair Care
o Toiletries
o Fragrances
o Color Cosmetics
o Others
• Application
o Online Stores
o Convenience
o B2B
o Specialty Stores
o Hypermarket/ Supermarket
• Gender
o Male
o Female

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the beauty and personal care market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Revlon
• The Estée Lauder Companies
• Procter and Gamble
• Unilever
• Avon
• Shiseido
• L’occitane International S.A
• Beiersdorf AG
• Coty Inc
• L’Oréal Group

To request a free sample report, click on the “Request Sample PDF” button on: https://evolvebi.com/product/beauty-and-personal-care-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the beauty and personal care market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the beauty and personal care market
• To provide an overview of the value chain analysis pertaining to the beauty and personal care industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall beauty and personal care market
• To analyze opportunities in the market by identifying high-growth segments of the beauty and personal care market
• To profile key players in the beauty and personal care market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global beauty and personal care market

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