Cosmetics Market is Expected to Grow at a CAGR 5.3%; Market to Exceed $463.5 Billion by 2021-2027

According to a new report published by Allied Market Research, titled, "cosmetics market by category, gender and distribution channel: opportunity analysis and industry forecast, 2021-2027," the global cosmetics market size was valued at $380.2 billion in 2019, and is projected to reach $463.5 billion by 2027, registering a CAGR of 5.3% from 2021 to 2027. Convergence of advancements, beauty, and lifestyle propels growth of the cosmetics market. Moreover, the cosmetics market across the globe has witnessed continuous and sustained growth over years, owing to rise in beauty-conscious female population. Several other factors such as increase in female labor force, rise in awareness regarding maintaining prolonged beauty, and change in lifestyle have significantly contributed toward growth of the cosmetics market trends.

Get Sample Copy (Including FULL TOC, Graphs and Tables) of this report:- https://www.alliedmarketresearch.com/request-sample/651

The key players profiled in the cosmetics industry report includes :-
AVON PRODUCTS, INC
KAO CORPORATION
L'ORÉAL S.A.
ORIFLAME COSMETICS S.A.
REVLON, INC.
SHISEIDO COMPANY, LIMITED
SKIN FOOD CO., LTD.
THE ESTEE LAUDER COMPANIES INC
THE PROCTER& GAMBLE COMPANY
UNILEVER PLC

Key Findings Of The Study :-

By category, the skin and sun care segment dominated the global market in 2019, and is expected to retain its dominance throughout the cosmetics market forecast period.
By gender, the women segment led the global cosmetics market demand in 2019, and is expected to retain its dominance throughout the forecast period.
By distribution channel, the hypermarket/supermarket segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.
By region, Asia-Pacific accounted for highest cosmetics market share in 2019, and is expected to grow at a CAGR of 6.5%.

Get Special Pricing on this Premium Report: - https://www.alliedmarketresearch.com/purchase-enquiry/651

Demand and Growth of Cosmetics market outlook 2021-2030 :-

Global per capita income has witnessed a strong growth rate over past few years, particularly in emerging economies. Increase in urbanization, growth of middle class consumers, and surge in rate of female participation in labor force in many developing and developed markets has encouraged adoption of convenience-oriented lifestyles, making cosmetics products more desirable. According to estimates, per capita income in the next decade is expected to increase at a significant rate in developing countries compared to developed countries. This has significant implications for growth of the cosmetics market.

A wide range of cosmetics products are available in the market for deeply nourishing skin such as lotions, creams, deodorants, hair care, and essential oils. In addition, rise in consciousness about personal well-being and appearance has increased among men, which drives sales of cosmetics products. Moreover, owing to hectic lifestyle and varying climatic conditions, men are also adopting skin care, sun care, and hair care products. Thus, cosmetics products help in treating and provides prevention from rack and dry & dull skin, which boosts their demand globally.

Over the next five years, demand for natural cosmetics is expected to grow strongly. Customers prefer to use cosmetic products that are less harmful and have minimum side effects. Further, manufacturers are likely to use natural ingredients in their skin care and hair care products to satisfy consumer needs. Many big players in the market such as L'Oréal, Unilever, Color Bar, and Avon are planning to invest big budgets in an effort to promote natural aspects of their cosmetics products.

Buy Now :- https://www.alliedmarketresearch.com/checkout-final/c070f5b84aa160a2bdc079e034cb2db5

FREQUENTLY ASKED QUESTIONS?
Q1. What will be the cosmetics market Size From 2021 to 2027?
Q2. What is the CAGR of cosmetics market?
Q3. Which is the base year calculated in the cosmetics market report?
Q4. Which are the top companies in the cosmetics market?
Q5. What are the segments of cosmetics market?

Key Points thoroughly explain the Cosmetics market Report:-

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study

2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.1.3.Parent market analysis

2.2.Top player positioning
2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Change in lifestyle
3.3.1.2.Rise in need for skin care products
3.3.1.3.Increase in demand for natural ingredients in cosmetic products
3.3.1.4.Change in packaging styles and attractive marketing strategies
3.3.1.5.Rise in disposable income

3.3.2.Restraint

3.3.2.1.Rise in awareness regarding side effects of chemical-based cosmetics

3.3.3.Opportunities

3.3.3.1.Growth in demand for organic cosmetics
3.3.3.2.Social media marketing

3.4.COVID-19 impact on cosmetics market

CHAPTER 4:COSMETICS MARKET, BY CATEGORY

4.1.Overview

4.1.1.Market size and forecast

4.2.Skin & sun care products

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis, by country

4.3.Hair care products

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis, by country

4.4.Deodorants & fragrances

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis, by country

4.5.Makeup & color cosmetics

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis, by country

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.