Cosmetics Market Size, Share, Forecast Report 2024-2032

The global cosmetics market size was valued at USD 374.18 billion in 2023 and is expected to be USD 393.75 billion in 2024. The market is projected to be valued at USD 758.05 billion by 2032, recording a CAGR of 9.8% during the forecast period.

The global cosmetics market share is expected to grow substantially in the coming years as an increasing percentage of the global population is becoming conscious of their physical appearance. These beauty and personal care products can enhance a person's overall appearance and offer a variety of haircare, skincare, and lip care products. Additionally, the growing demand for anti-aging products among the elderly population will contribute to high product sales.

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cosmetics-market-102614

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
‣ L'Oréal S.A. (France)
‣ Unilever plc. (U.K.)
‣ Procter & Gamble Co. (U.S.)
‣ The Estée Lauder Companies Inc. (U.S.)
‣ Beiersdorf AG (Germany)
‣ Shiseido Co., Ltd. (Japan)
‣ Coty Inc. (U.S.)
‣ Natura & Co. (Brazil)
‣ Kao Corporation (Japan)
‣ Johnson & Johnson Services, Inc. (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰𝘀 𝗠𝗮𝗿𝗸𝗲𝘁
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐚𝐛𝐨𝐮𝐭 𝐒𝐤𝐢𝐧𝐜𝐚𝐫𝐞 𝐑𝐨𝐮𝐭𝐢𝐧𝐞𝐬 𝐰𝐢𝐥𝐥 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐒𝐚𝐥𝐞𝐬 𝐨𝐟 𝐒𝐤𝐢𝐧𝐜𝐚𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

Based on category, the market is divided into skincare, hair care, makeup, and others. The skincare segment is predicted to hold a sizable share of the market during the forecast period as a growing percentage of people across the world use skincare products on a daily basis as compared to hair care products.

𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐖𝐨𝐦𝐞𝐧 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐭𝐨 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐀𝐩𝐩𝐞𝐚𝐫𝐚𝐧𝐜𝐞

Based on gender, the market is divided into men and women. The women segment is anticipated to hold the larger market share as the percentage of working women is growing across the world and they need these products to help them look presentable at their workplace.

𝐁𝐮𝐲𝐞𝐫𝐬 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬/𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐭𝐨 𝐆𝐚𝐢𝐧 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐁𝐫𝐚𝐧𝐝𝐬

In terms of distribution channel, the market is divided into specialty stores, hypermarkets/supermarkets, online channels, and others. The hypermarkets/supermarkets segment is projected to account for the largest market share during the forecast timeframe as can access these stores to gain access to several brands and their products.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/cosmetics-market-102614

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐑𝐢𝐬𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐨𝐟 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐇𝐞𝐚𝐥𝐭𝐡, 𝐇𝐲𝐠𝐢𝐞𝐧𝐞, 𝐚𝐧𝐝 𝐆𝐫𝐨𝐨𝐦𝐢𝐧𝐠 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The self-care and grooming trend has increased tremendously in recent years as people are becoming more aware of the significance of maintaining good health and hygiene. The importance of grooming has skyrocketed among men and women, consequently boosting the sales of these products. Since more people are following an erratic lifestyle, concerns regarding overall health and wellbeing are rising, further enhancing the demand for cosmetic products.
However, more people are becoming aware of the side-effects of using cosmetics for a long time and have access to surgical options, which can hamper the market progress.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/cosmetics-market-102614

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐒𝐚𝐥𝐞𝐬 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐀𝐜𝐫𝐨𝐬𝐬 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐃𝐮𝐞 𝐭𝐨 𝐑𝐞𝐠𝐢𝐨𝐧'𝐬 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐆𝐞𝐫𝐢𝐚𝐭𝐫𝐢𝐜 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧

Asia Pacific is predicted to dominate the cosmetics market share as the region is witnessing a strong growth in the percentage of the geriatric population in countries such as Japan and China. This factor has increased the demand for anti-aging, dark-spot treatment, and anti-wrinkle products in these countries, thereby fueling the regional market growth.

Europe held a considerable market share as there are a large number of on-street salons that use cosmetic products on a large scale.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐃𝐞𝐯𝐞𝐥𝐨𝐩 𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐄𝐱𝐩𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞

The leading players are focusing on making organic and natural products to expand their customer base and increase their market presence. Many companies are formulating various growth strategies, such as partnerships and collaborations, to extend their business operations.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Anti aging Cosmetics Market
https://www.fortunebusinessinsights.com/anti-aging-cosmetics-market-102768

Beauty and Wellness Products Market
https://www.fortunebusinessinsights.com/beauty-and-wellness-products-market-108456

Hair Care Market
https://www.fortunebusinessinsights.com/hair-care-market-102555

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
April 2023: L'Oréal S.A. acquired Aēsop, a Natura & Co.-owned luxury products brand, to expand its portfolio of luxury products in Australia.

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This release was published on openPR.