Press release
Cosmetics Market | Size, Value Share, Industry Segment and Forecast till 2027
The focus on physical appearance has increased considerably, and this is estimated to boost the cosmetics market in 2020. The consumer and retail reports are made by Market Research Future, which includes market options for progress. A CAGR of 5.75 % is estimated to bolster the income of the market to USD 365.27 billion by the end of 2024.
The collective consumer approval for naturally derived sources is predicted to motivate the cosmetics market share in the impending period. Also, the mounting per capita disposable earnings of the consumers are estimated to benefit the cosmetics market in the forecast period.
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Key Players
The promising companies in the cosmetics market are L'oréal Group (France), Oriflame Holding AG (Switzerland), The Estée Lauder Companies Inc. (US), Procter & Gamble Co. (US), Avon Products Inc. (UK), Beiersdorf AG (Germany), Coty Inc. (US), Unilever (UK), Amway Corporation (US), Skinfood (South Korea), Revlon Inc. (US), Shiseido Co. Ltd. (Japan), Kao Corporation (Japan), Yves Rocher (France) and Co. Inc. (US).
Market Segment
The segmental examination of the cosmetics market has been conducted based on the category, distribution channel, product type, and region. On the basis of category, the cosmetic market has been segmented into conventional and organic. Based on the regions, the cosmetic market comprises of Asia Pacific, North America, Europe, and the rest of the regions in the market. Based on the product types, the cosmetic market has been segmented into hair care, nail care, skincare, color cosmetics, and others. On the basis of the distribution channel, the cosmetic market has been segmented into non-store-based and store-based.
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Regional Analysis
The regional review of the cosmetic market includes regions such as Asia Pacific, North America, Europe, and the rest of the regions in the market. The development of the cosmetics products market in the European region's cosmetic market is predicted to be compelled by numerous factors. One of the noteworthy factors for the intensifying progress of cosmetic products is the multiplying usage of anti-aging cosmetic products amongst customers. Furthermore, the regional cosmetic market in Europe is experiencing huge technological progress due to the use of novel materials in the production method of the cosmetic products market. In the European cosmetic products market, Germany is appraised to recollect its authority in the forecast period. However, the Asia Pacific region is estimated to develop at the maximum growth rate through the forecast period. The combined population in the developing economies in the Asia Pacific regional market, such as Indonesia, India, China, along with intensifying per capita disposable income in the consumer base, is anticipated to be the noteworthy aspect for the growth of cosmetics products market in the Asia Pacific region.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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