Cosmetics Market to Reach $463.5 Billion by 2027 | Rise in organic cosmetics demand presents opportunities in the next few years.

According to the report published by Allied Market Research, the global cosmetics market garnered $380.2 billion in 2019, and is projected to reach $463.5 billion by 2027, manifesting a CAGR of 5.3% from 2021 to 2027.The report provides a detailed analysis of changing market trends, key winning strategies, top investment pockets, major segments, and competitive scenario.

Increase in need for skin care products, demand for products made from natural ingredients, and attractive packaging fuel the growth of the global cosmetics market. However, emergence of advanced beauty treatments and probable side effects restrain the market growth. On the other hand, rise in organic cosmetics demand presents opportunities in the next few years.

In-depth analysis of the COVID-19 impact on the Cosmetics Market@ https://www.alliedmarketresearch.com/request-for-customization/651?reqfor=covid

Covid-19 Scenario:

Manufacturers of cosmetic products began producing hand sanitizers, personal care products,and cleaning agentswith surge in demand for these products during the pandemic.However, some of the cosmetic products such as deodorants, sun care, and others underwent challenges in production, distribution, and supply of raw materials.
Supermarket/hypermarket stores were closed down due to the lockdown imposed by governments for prevention of the spread of the coronavirus. In addition, online platforms closed deliveries. However, the operations and deliveries are expected to resume during post-lockdown.
Manufacturers increased advertisementson social media for herbal skin care products as health consciousness among peoplesurged during the pandemic.
The report offers a detailed segmentation of the global cosmetics market on the basis of category, gender, distribution channel, and region.

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/651

By category, the skin and sun care products segment accounted for the largest market share in 2019, holding around two-fifths of the global market, and will maintain its leadership position during the forecast period. However, deodorants and fragrances segment is projected to manifest the fastest CAGR of 7.2% from 2021 to 2027.

By distribution channel, the hypermarket/supermarket segment held the largest market share in 2019, accounting for around two-fifths of the global cosmetics market, and is expected to maintain its lead position throughout the forecast period. However, the online sales channel segment is estimated to register the largest CAGR of 7.6% from 2021 to 2027.

Send Me Enquire purchase Enquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/651

Based on region, Asia-Pacific accounted for to the highest share in 2019, contributing to more than one-third of the total market share, and will maintain its dominant share in terms of revenue by 2027. Moreover, this region is projected to witness the highest CAGR of 6.5% from 2021 to 2027. The report also analyzes regions including North America, Europe, and LAMEA.

Major players of the global cosmetics market analyzed in the research includeAvon Products Inc., L'Oreal S.A., Kao Corporation, Revlon, Inc., Oriflame Cosmetics S.A., Skin Food Co., Ltd., Shiseido Company Limited, The Procter & Gamble Company, The Estee Lauder Companies Inc., and Unilever Plc.

Similar Reports :-

Organic Personal Care and Cosmetic Products Market

https://www.alliedmarketresearch.com/organic-personal-care-and-cosmetic-products-market

Feminine Hygiene Products Market

https://www.alliedmarketresearch.com/feminine-hygiene-market

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 is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.

This release was published on openPR.