Press release
The Global Mass Beauty & Personal Care Products Market Is Expected to Top a Value of Us$ 800 BN by The End of 2031
Mass beauty & personal care products are commonly used in the daily routine of consumers to maintain hygiene and improve physical appearance. Increasing awareness about the benefits of using mass beauty & personal care products and their affordable availability are projected to create a whole lot of market opportunities for manufacturers. Personal care and beauty products for the masses are among the top consumer goods sold in the world. Manufacturers of mass beauty & personal care products are focused on keeping the traction of their offerings high while competing with high-priced premium product lines. Through improved formulas, mass beauty & personal care products available in the market are becoming more effective, enhancing customer satisfaction.
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Key Takeaways from Market Study
• Global mass beauty & personal care products market to top US$ 800 Bn by 2031.
• Oral hygiene products projected to reach around US$ 350 Bn by 2031.
• Skin care products projected to record above 4% CAGR over next 10 years.
• Market in Asia Pacific holds share of more than 50%.
• Market in Germany expected to reach valuation of US$ 200 Bn by 2031.
• Market in Australia to record 3% CAGR over forecast period of 2021- 2031.
"With advanced technologies in the production of cosmetics and rising use of organic materials, the global market for mass beauty & personal care products is expected to witness vigorous expansion over the years to come," according to a Fact.MR analyst
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Key Segments Covered in Mass Beauty & Personal Care Products Industry Research
Type
• Mass Beauty and Personal Care Color Cosmetics
• Mass Beauty and Personal Care Products for Hair
• Mass Beauty and Personal Care Products for Skin
• Mass Beauty and Personal Care Products for Oral hygiene
• Mass Beauty and Personal Care Fragrances
Sales Channel
• Supermarkets or Hypermarkets
• Specialist Retailers
• Independent Retailers
• e-Commerce
Market Competition
Suppliers of mass beauty & personal care products are enjoying communitarian endeavors such as consolidation and acquisitions, joint endeavors, and others to increase their market share.
In April 2019, Unilever acquired the Fluocaril and Parogencyl oral care brands from Procter & Gamble. Fluocaril and Parogencyl are well-known therapeutics brands sold in pharmacies, primarily in France and Spain.
In July 2019, Procter & Gamble Co. launched a new line of hair care products under the brand "My Black Beautiful" in Europe. Products include its hydrating sulfate-free shampoo, fortifying conditioner, and Tangle Slayer conditioning creams (two variants).
Key Market players:
• L'Oreal
• Procter & Gamble
• Unilever
• Shiseido
• Revlon
• Beiersdorf AG
• Mary Kay
• Johnson & Johnson Inc.
• Colgate-Palmolive Company
• The Estée Lauder Companies Inc.
• Avon Products
• Kao Corporation
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Key Insights Provided in Mass Beauty & Personal Care Products Industry Survey:
• Mass Beauty & Personal Care Product Sales Forecasts (2021-2031)
• Growth Drivers and Restraints for Mass Beauty & Personal Care Product Suppliers
• Mass Beauty & Personal Care Products Market Size
• Detailed Segment Analysis of Mass Beauty & Personal Care Products
• Mass Beauty & Personal Care Products Market Share
• Competition Analysis of Mass Beauty & Personal Care Product Manufacturers
• Mass Beauty & Personal Care Products Market Trends in 2022
• Key Innovations of Beauty & Personal Care Products
• Impact of COVID-19 on Mass Beauty & Personal Care Product Demand
• Market Advice for Mass Beauty & Personal Care Product Providers
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