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 categorized under a broad sphere of cost-effective beautification offerings. At affordable prices, mass beauty and personal care products directly appeal to the masses across regions. 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
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).
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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
What is the Mass Beauty & Personal Care Product Demand Outlook for the U.S.?
Value of the mass beauty & personal care industry in the United States is expected to increase 2.7X by 2031. Growing prevalence of skin diseases, shifting interest of consumers toward organic and chemical-free products, and increasing personal care spending are key factors driving growth of the mass beauty & personal care products sector in the U.S. Consistently increasing millennial population in the country's workforce coupled with surging demand for customized mass beauty & personal care products for hair from fashion and entertainment industries is among the most prominent driving factors for the skincare products category.
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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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