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Leading Element Driving Change in the Cosmetics And Personal Care Stores Market in 2025: Surge In Demand For Healthier Lifestyles And Hygienic Living Boosts Cosmetics And Personal Care Stores Market Driver
Cosmetics And Personal Care Stores Market Size
The rise in demand for healthier living and high standard hygiene is predicted to spur the expansion of the cosmetics and personal care stores market in the future. Leading a healthier lifestyle encompasses taking holistic care of the mind and body, which includes a balanced diet, regular exercise, proper sleep, effective stress management, and social engagement. Meanwhile, hygienic living involves cleanliness and wellness protocols such as routine handwashing, maintaining facial hygiene, bathing with soap and water, among others. Cosmetics and personal care retailers could facilitate this transition to healthier and cleaner lifestyles by offering a wide range of products tailored to help consumers maintain cleanliness, health, and proper grooming. For instance, as per a statistical report released by Statistics Canada in February 2022, the consumer price index for health and personal care was recorded at 134.6 in March 2023, which rose to 143.0 in February 2023, marking a 6.2% increase. Hence, the escalating demand for healthier living and high standard hygiene fuels the growth of the cosmetics and personal care stores market.
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What growth opportunities are expected to drive the cosmetics and personal care stores market's CAGR through 2034?
The market size of cosmetics and personal care stores has significantly expanded over the past few years. It is projected to surge from $372.74 billion in 2024 to $403.74 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.3%. The historical growth of this market can be credited to factors such as evolving beauty trends among consumers, economic conditions, marketing and branding tactics, the influence of social media, and the expansion of retail outlets.
Anticipated to witness substantial expansion in the near future, the market size for cosmetics and personal care stores is predicted to escalate to $531.94 billion in 2029, mushrooming at an annual compound growth rate (CAGR) of 7.1%. Various contributing factors for this projected increase during the forecast epoch include the escalating e-commerce sector, the boom in sustainable and clean beauty, inclusivity and diversity, formulation innovations and international beauty trends. Key trends anticipated during the forecast period encompass clean beauty retail locations, data-infused personalization, subscription-based services and beauty boxes, eco-friendly and sustainable packaging, as well as experiential retail and beauty services.
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What are the emerging trends shaping the future of the cosmetics and personal care stores market?
In the cosmetics and personal care stores sector, one of the prevalent trends is the introduction of novel products. Dominant players in this market are gearing up on innovation to bolster their market stance. As an illustration, in March 2023, Walmart Inc., an American retail corporation, devised Clean Beauty, a virtual shopping platform that aids clients in identifying beauty products. Plus, a considerable number of beauty brands available at Walmart are delving into greener packaging options, scrutinizing their carbon footprint and embracing cruelty-free and ethical norms. The distinguishing aspect of this platform is the production of items devoid of specific ingredients featured on a 'Made Without List.' This list was established by Walmart, partnering with local and federal supervisors, suppliers, and specialists, including the Environmental Defense Fund (EDF).
Which growth-oriented segments of the cosmetics and personal care stores market are leading the industry's development?
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, Hyper markets And Retail Chains, Other Distribution Channels
Subsegments:
1) By Skin Care: Moisturizers, Cleansers, Sunscreens, Anti-Aging Products
2) By Hair Care: Shampoos, Conditioners, Hair Styling Products, Treatments
3) By Color Cosmetics: Foundations, Lipsticks, Eye Makeup, Blushes
4) By Fragrances: Perfumes, Eau de Toilettes, Body Sprays
5) By Other Products: Oral Care Products, Bath And Body Products, Men's Grooming Products
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What regions are leading the charge in the cosmetics and personal care stores market?
Asia-Pacific was the largest region in the cosmetics and personal care stores market in 2024. Asia-Pacific is expected to be the cosmetics and personal care stores market report fastest-growing region in the forecast period. The regions covered in the cosmetics and personal care stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the cosmetics and personal care stores market?
Major companies operating in the cosmetics and personal care stores market include 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
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What Is Covered In The Cosmetics And Personal Care Stores Global Market Report?
• Market Size Forecast: Examine the cosmetics and personal care stores market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cosmetics and personal care stores market for a structured understanding.
• Key Players Overview: Analyze major players in the cosmetics and personal care stores market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cosmetics and personal care stores market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cosmetics and personal care stores market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cosmetics and personal care stores market.
• Industry Challenges: Identify potential risks and obstacles affecting the cosmetics and personal care stores market.
• Competitive Landscape: Review strategic developments in the cosmetics and personal care stores market, including expansions, agreements, and new product launches.
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