Press release
Global Cosmetic Wax Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028
The global cosmetic wax market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2022-2028). Cosmetic wax is a mixture of esters alcohols and fatty acids that is mainly used in cosmetics, personal care, and grooming products, including lip balms, lipsticks, creams, and lotions. The major factor attributing to the growth of the global cosmetic wax market is the increasing number of working women and rising disposable income. According to the World Bank Data, around 39.16% of the working population in 2020 are females. This increasing female working population is indirectly contributing to the growth of the market due to the rise in disposable income. The rise in disposable income has increased the purchasing powers of independent women making them spend more on beauty products. Thus, driving the growth of the cosmetic wax market.In addition, the rapid growth of the beauty and fashion industry is further increasing the application of cosmetic wax for manufacturing cosmetic products. According to a case study written by 440 Industries, the value of the global cosmetic industry is around $511 billion in 2022. The cosmetic industry is growing rapidly due to the increasing demand for cosmetic products across the globe. Social media influencers and celebrities promoting beauty products are further contributing to the growth of this industry.
Nowadays, people are more inclined toward natural beauty products to protect their hair and skin from the side effects of chemicals. The increasing inclination of people towards natural personal care products is generating opportunities for the market players to develop new products containing natural cosmetic wax.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Gender
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Xanitalia Srl, Rica S.p.a., Eva's Esthetics, Koster Keunen, and Linz Center of Mechatronics GmbH, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global Cosmetic Wax Market is available at:
https://orionmarketreports.com/global-cosmetic-wax-market/100689/
Global Cosmetic Wax Market Report by Segment
By Type
• Natural Cosmetic Wax
• Synthetic Cosmetic Wax
By Distribution Channel
• Online Stores
• Retail Stores
• Supermarkets
Global Cosmetic Wax Market Report by Region
North America
• The United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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