Press release
Beauty and Personal Care Market Size to Boost USD 5,373.09 Billion By 2032 | CAGR 7.9% - Published by Emergen Research
Beauty and Personal Care Market
Consumers are now inclined toward products devoid of harmful additives and those that have not undergone animal testing. Major factors behind the global demand for vegan and cruelty-free products include increasing awareness and concern for animal welfare, the swift embrace of vegan and plant-based lifestyles, and a shifting preference toward clean and sustainable beauty options. Investments are flowing into the beauty and personal care industry, further driving the market revenue growth. The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has
affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Beauty and Personal Care Market :
Several factors drive the growth of the beauty and personal care market. One significant driver is the increasing consumer focus on self-care, wellness, and appearance, driven by social media influence, celebrity endorsements, and changing lifestyle trends. As consumers seek to maintain youthful-looking skin, healthy hair, and overall well-being, there is a growing demand for innovative beauty and personal care products that offer effective solutions for various skincare concerns, haircare needs, and grooming preferences. Moreover, the rising disposable incomes, urbanization, and growing middle-class population in emerging economies contribute to the expansion of the beauty and personal care market.
Restraints and Challenges
Despite its growth prospects, the beauty and personal care market faces certain challenges and restraints. One challenge is the increasing competition from counterfeit and imitation products, as well as the proliferation of unauthorized online sellers and grey market channels. Counterfeit beauty products pose risks to consumer health and safety, damage brand reputation, and undermine consumer trust in genuine products. Additionally, regulatory complexities, stringent product testing and certification requirements, and evolving consumer preferences pose challenges to market players seeking to navigate diverse regulatory landscapes and meet consumer expectations.
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The report also discusses the key players involved in the market such as:
Estée Lauder Inc., Unilever, L'Oréal, Shiseido, Kao Corporation, Procter & Gamble, Avon, Johnson & Johnson Services, Inc., Oriflame Cosmetics AG., Coty Inc., L'occitane Group, Beiersdorf, Kosé Corporation, Wella Company, Edgewell Personal Care, PDC Brands, Cosnova GmbH, Hermès, LVMH, and Puig among others.
The report provides a thorough estimation of the overall impact of the pandemic on the Beauty and Personal Care Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Beauty and Personal Care Market
Beauty and Personal Care Latest Industry News
19 JUNE 2023, BrainTrust Founders Studio, the largest exclusive platform for Black founders in the beauty and wellness sectors, has unveiled its intentions to establish the BrainTrust Fund, a venture fund with a targeted value of USD 25 million. This Los Angeles-based platform has stated its commitment to directing investments solely toward early-stage companies that are identified through BrainTrust Founders Studio. The studio, consisting of over 120 members, collectively achieved over USD 100 million in product sales through 23,000 retail outlets and online channels over the past year.
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Beauty and Personal Care Market Segment Analysis :
Emergen Research has segmented the global beauty and personal care market on the basis of type, network type, product type, gender, price range, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Natural
Synthetic
Hybrid
Product Type Outlook (Revenue, USD Billion; 2019-2032)
Skincare
Cleansers (face and body)
Toners
Serums
Moisturizers (day and night)
Sunscreen
Eye creams
Face masks
Exfoliants
Hand Cream
Foot Cream
Others
Haircare
Shampoo
Conditioner
Hair masks
Hair Spray
Hair Mousse & Gel
Hair Accessories
Others
Makeup
Primer
Foundation
BB Creams and CC creams
Bronzer
Highlighter
Blush
Tints
Eyeliner
Eyeshadow
Mascara
Lipstick and related products
Setting spray or powder
Others
Oral Care
Mouthwash
Teeth Whitening Products
Gum Stimulators and Massagers
Others
Fragrances and Deodorants
Perfumes
Body Mists & Sprays
Antiperspirant
Others
Bathing Essentials
Body Soap
Body Scrub
Body Oil
Shower Gel
Others
Others
Price Range Outlook (Revenue, USD Billion; 2019-2032)
Premium or High End
Mainstream or Mid-Range
Budget Friendly
Gender Outlook (Revenue, USD Billion; 2019-2032)
Women
Men
Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
Hypermarkets & Supermarkets
Specialty Stores
Pop-up Shops
Online Retail
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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