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Cosmetics And Personal Care Stores Market Trends, Top Companies, Share, Growth And Forecast 2033
Cosmetics And Personal Care Stores Market
As per the report, the cosmetics and personal care stores market size has grown strongly in recent years. It will grow from $338.18 billion in 2023 to $366.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The cosmetics and personal care stores market size is expected to see strong growth in the next few years. It will grow to $493.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Surge In Demand For Healthier Lifestyles And Hygienic Living Boosts Cosmetics And Personal Care Stores Market
The demand for a healthier lifestyle and hygienic living is expected to propel the growth of the cosmetics and personal care stores market going forward. A healthier lifestyle is taking care of the body and mind by eating a balanced diet, exercising frequently, getting adequate sleep, managing stress, and engaging socially, whereas hygienic living refers to practices that promote cleanliness and good health, such as regular handwashing, face hygiene, soap and water bathing, and others. Cosmetics and personal care stores may aid in the maintenance of a better lifestyle and sanitary living by providing a diverse choice of items that can assist consumers in keeping their bodies clean, healthy, and well-groomed. For instance, in March 2023, according to a statistical report published by Statistics Canada, a Canada-based statistical agency, in February 2022, the consumer price index for health and personal care was 134.6, and it grew to 143.0 in February 2023, reflecting a 6.2% rise. Therefore, the demand for a healthier lifestyle and hygienic living drives the cosmetics and personal care stores market.
Innovative Strides In Cosmetics And Personal Care Store Market
Product innovations are a key trend gaining popularity in the cosmetics and personal care stores market. Major companies operating in the cosmetics and personal care stores market are focused on developing innovative solutions to strengthen their position in the market. For instance, in March 2023, Walmart Inc., a US-based retail company, developed Clean Beauty, an online shopping platform that assists customers in finding beauty items produced. Additionally, many beauty brands sold at Walmart are exploring more sustainable packaging alternatives, assessing their carbon footprint, and adopting cruelty-free and ethical standards. The uniqueness of this platform is that they make products without certain ingredients mentioned on a ""Made Without List"" that Walmart produced in collaboration with state and federal regulators, suppliers, and experts, including the Environmental Defense Fund (EDF).
The cosmetics and personal care stores market covered in this report is segmented -
1) By Product: Skin Care, Hair Care, Color Cosmetics, Fragrances, Other Products
2) By Raw Materials: Organic, Inorganic
3) By Distribution Channel: E - Commerce, Direct Selling, Specialty Stores, Hypermarkets And Retail Chains, Other Distribution Channels
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Major companies operating in the cosmetics and personal care stores market report are Unilever plc, The Estée Lauder Companies Inc., Shiseido Co. Ltd., Revlon Inc., Procter & Gamble Co., L'Oréal S.A., Coty Inc., Kao Corporation, Sephora USA Inc., Ulta Beauty Inc., Lush Cosmetics, Bath & Body Works LLC, The Body Shop International Limited, Kiehl's LLC, MAC Cosmetics, Origins Natural Resources Inc., Aveda Corporation, Avon Products Inc., Mary Kay Inc., Amway Corporation, Nu Skin Enterprises Inc., Rodan & Fields LLC, Arbonne International LLC, Younique LLC, Beautycounter Inc., Tarte Inc., Glossier Inc., Morphe Inc., ColourPop Cosmetics, Fenty Beauty .
Contents of the report:
1. Executive Summary
2. Cosmetics And Personal Care Stores Market Report Structure
3. Cosmetics And Personal Care Stores Market Trends And Strategies
4. Cosmetics And Personal Care Stores Market - Macro Economic Scenario
5. Cosmetics And Personal Care Stores Market Size And Growth
…..
27. Cosmetics And Personal Care Stores Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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