Beauty and Personal Care Products Market Top Key Players are L'Oréal, P&G, Unilever, Colgate-Palmolive

UnivDatos Market Insights released a report titled, “Global Beauty and Personal Care Market By Product (Cosmetics, Skin Care, Personal Care, Fragrances), Source (Organic, Inorganic), Distribution Channel (Retail Stores, Hypermarkets, Pharmacies/Drug Stores, Online Retail Channels), Market Type (Organized, Unorganized) and Region (North America, Europe, Asia-Pacific and Rest of World) - Current Analysis and Forecast (2020-2026).” According to the analysis, the 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.

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Market Dynamics
The major factors driving the market include increasing investments by established players along with numerous start-ups. These 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. For Instance, the per capital spent on beauty & personal care products in India was US$ 5.4 in 2012 which has increased to US$ 6.3 by the year 2015 and increasing significantly. 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.

COVID-19 Impact on Beauty and Personal Care Market

The impact of COVID-19 on beauty and personal care products expects that the consumer behavior and spending in 2020 will shift and lead to a reduction by consumers on discretionary expenses such as fragrances, hair styling products), in comparison to spending on necessities would be relatively protected. The demand for beauty products is expected to get affected as several other industries during the COVID-19 pandemic. Companies are predicting a shift towards products highlighting safety, transparency, and sustainability worldwide amid COVID-19 with skincare set to become a foundation of consumer’s health and wellness concerns.

Based on products, the market is primarily bifurcated into
• Cosmetics
o (Face, Lips, Eyes, Nails)
• Skin Care
o (Face, Body, Sun Protection, Baby & Child)
• Personal Care
o (Hair Care, Oral Care, Deodorants, Shaving)
• Fragrances

The skincare is the major product type for personal care products and accounts for a quarter of sales. The global personal care industry is rapidly changing based on multiple megatrends, each one of which affects both manufacturers and the chemical companies that supply ingredients.

Based on the source, the market is segmented into
• Organic
• Inorganic
Organic skincare products are manufactured with organic ingredients by utilizing sustainable practices. Since there are no harsh chemicals in these products, there is significantly less waste and toxins going down the drain and back into the earth.

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Based on the distribution channel, the market is segmented into
• Retail Stores
• Hypermarkets
• Pharmacies/Drug Stores
• Online Retail Channels

In recent years, there has been a major shift towards more experiential in-store beauty environments. Retailers are experimenting with everything from in-store cafés and beauty treatment facilities to more immersive product discovery, which often utilizes in-store technology to create a seamless offline and online experience.
Based on market type, the market is segmented into
• Organized
• Unorganized

The organized channel drives the growth in the market, especially the super verticals within the online channel. Customers prefer super verticals for premium range products, horizontals for cross-category shopping with discounts and verticals to combine look shopping. The modern trade channel is also referred to as the organized market. With a higher variety of brands and products, conspicuous consumption, and regular tracking-pitching to customers, the modern trade channel is expected to grow significantly.

Global Beauty and Personal Care Market Geographical Segmentation Includes:
• North America (United States, Canada, Mexico and Rest of NA)
• Europe (Germany, United Kingdom, France, Russia and Rest of Europe)
• Asia-Pacific (China, Japan, India, Indonesia, Thailand and Rest of APAC)
• Latin America (Brazil, Argentina and Rest of Latin America)
• MENA (UAE, Saudi Arabia, Algeria and Rest of MENA)

The Asia-Pacific market accounted for the largest share in 2018 and is expected to witness significant growth in terms of revenue share over the forecast period on account of its growing urban population and the popularity of the e-commerce distribution channel across the region. India is the fastest-growing country in the beauty and personal care products market in the Asia-Pacific region.

Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

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The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability.

The Market report answers the following questions:

What is the aim of the report?

• The market report presents the estimated market size of Global Beauty and Personal Care Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

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What aspects regarding the regional analysis Market are included in this report?

• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.

• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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The major players targeting the market includes
• L'Oréal
• P&G
• Unilever
• Colgate-Palmolive
• Estee Lauder
• Johnson & Johnson
• Coty
• Shiseido
• Beiersdorf
• Oriflame Cosmetics SA
• Revlon

The report also includes competitive landscape along with the detailed company profiles of key market players. These players have adopted numerous growth strategies including innovative product launches, investment in R&D, partnership, mergers, etc. to sustain in the ever-growing beauty & personal care products market.

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Table Of Content:

1 MARKET INTRODUCTION

1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
1.6 Scope of the Beauty and Personal Care Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 Research Methodology for the Global Beauty and Personal Care Market Study
2.1.1 Main objective of the Global Beauty and Personal Care Market Study
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW

5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Trend & Drivers
5.2.1.1 Growing Awareness about Beauty, Personal Grooming Products
5.2.1.2 Increasing Preference for Natural and Organic Cosmetic Products
5.2.1.3 Surging Disposable Incomes Across the World
5.2.1.4 Booming Male Grooming Segment
5.2.1.5 Surging Trends for Anti-Ageing Cosmetics Products
5.2.1.6 Growing Demand for Innovatively Packaged Cosmetics
5.2.2 Market Challenges
5.2.2.1 High Costs of Raw Material
5.2.2.2 Largely Unregulated Market
.2.2.3 Environmental Impact of Beauty Products
5.2.3 Market Opportunities
5.2.3.1 Lays Huge Room for Digital Beauty

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