Cosmetics Market Size and Share 2027: Top Companies Analysis, In-Depth Insight, Business Opportunities And Forecast

According to the latest report by IMARC Group, titled "Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global cosmetics market reached a value of US$ 357.5 Billion in 2021. Looking forward, IMARC Group expects the Cosmetics Market to reach US$ 508.3 Billion by 2027, exhibiting at a CAGR of 5.95% during 2022-2027.

Cosmetics are products applied to the body by rubbing, pouring, sprinkling, or spraying to cleanse, beautify, promote attractiveness, or alter the physical appearance. It consists of a mixture of several chemical synthetics and natural compounds. Decorative, skincare, perfumes, make-up, and hair care are some of the commonly available product variants. Currently, cosmetic products are witnessing a massive surge in demand as they help conceal blemishes, change the appearance of the face, and enhance natural features.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Cosmetics Market Trends:

The increasing consumer consciousness regarding skin care and the surging per capita income are some of the key factors primarily boosting the market growth. This is further supported by the rising use of cosmetics among men and the launch of genderless beauty products by leading manufacturers. In line with this, evolving consumer lifestyles, the rising influence of social media, and the increasing working populace are other factors significantly contributing to the market growth. Apart from this, the surging demand for organic cosmetics has compelled key players to introduce product variants with natural and vegan ingredients in appealing packaging, which, in turn, is providing an impetus to the market growth. Other factors, such as easy product availability in hypermarkets, online retail stores, and supermarkets, shifting focus on maintaining a youthful appearance, and growing demand for customized cosmetic products, are creating a positive outlook for the market.

Cosmetics Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the cosmetics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Amway Corp
Avon Products Inc.
Beiersdorf AG
Henkel AG & Co. KGaA
Kao Corporation
L'Oréal S.A.
Oriflame Cosmetics AG
Procter & Gamble Company
Revlon Inc. (MacAndrews & Forbes Incorporated)
Shiseido Company Limited
Skinfood Co. Ltd
The Estée Lauder Companies Inc
Unilever plc.

Key Market Segmentation

Breakup by Product Type:

Skin and Sun Care Products
Hair Care Products
Deodorants and Fragrances
Makeup and Color Cosmetics
Others

Breakup by Category:

Conventional
Organic

Breakup by Gender:

Men
Women
Unisex

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Pharmacies
Online Stores
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key Highlights of the Report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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