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Surge In Organic And Natural Products Fueling The Growth Of The Market Due To Rising Health And Environmental Awareness: An Emerging Driver Transforming The Beauty And Personal Care Products Market Landscape
Beauty And Personal Care Products
What Is the Projected Growth of the Beauty And Personal Care Products Market?
In recent times, there has been robust growth in the market size of beauty and personal care products. This market is predicted to expand from $519.00 billion in 2024 to $550.89 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 6.1%. This growth during the historical period can be credited to several factors like increased consumer awareness about personal hygiene, a rise in disposable income levels, the growing impact of social media and beauty influencers, the shift in lifestyles brought by urbanization, wider accessibility of products due to retail and e-commerce, and an upsurge in worldwide demand for anti-aging and skin-improving products.
The market size for beauty and personal care products is predicted to experience substantial growth in the impending years. By 2029, it is projected to rise to $699.81 billion, with a compound annual growth rate (CAGR) of 6.2%. The growth during the forecast period can be ascribed to the increasing demand for clean and eco-friendly beauty products, higher acceptance of tailored skincare solutions, growing impact of social media and digital marketing, expansion of the male grooming sector, rise in wellness-centric beauty routines, and improved access through omnichannel retail strategies. In the forecast period, key trends to look out for include the uptake of customized skincare solutions, utilization of AI and AR for product choice, embracing sustainable and reusable packaging, progress in biotech-based constituents, merging of wellness and skincare, and the emergence of waterless beauty formulas.
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What Are the Different Beauty And Personal Care Products Market Segments?
The beauty and personal care products market covered in this report is segmented -
1) By Product: Skin Care, Face Skin Care, Body Skin Care, Hair Care, Color Cosmetics, Fragrances, Other Products
2) By Category: Mass, Premium
3) By Distribution Channel: Hyper markets And Super markets, Specialty Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Skin Care: Moisturizers, Sunscreens, Anti-aging Creams, Serums, Cleansers
2) By Face Skin Care: Face Creams, Face Masks, Face Oils, Toners
3) By Body Skin Care: Body Lotions, Body Oils, Body Scrubs, Hand And Foot Creams
4) By Hair Care: Shampoos, Conditioners, Hair Oils, Hair Masks, Styling Products,
5) By Color Cosmetics: Face Makeup, Eye Makeup, Lip Makeup, Nail Products
6) By Fragrances: Perfumes, Deodorants, Body Sprays, Eau de Toilette
7) By Other Products: Oral Care Products, Men's Grooming Products, Baby Care Products, Bath And Shower Products
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What Are the Primary Drivers Shaping the Beauty And Personal Care Products Market?
The anticipated surge in the beauty and personal care products market can be attributed to the escalating demand for organic and natural goods. Such products are derived from plant, mineral, or other naturally existing resources, excluding the application of synthetic chemicals, pesticides, or fertilisers. The consumer preference towards these organic items stem from increasing cognisance of potential health hazards posed by synthetic chemicals. Organic and natural products contribute to the enhancement of beauty and personal care items by providing alternatives that are devoid of chemicals and more benign to the skin. They endorse wholesome, environmentally friendly beauty regimes, meeting the needs of consumers looking for sustainable, non-harmful skincare, haircare, and cosmetic solutions. For instance, LETIS S.A., the Argentinean organic-product certification authority, stated in May 2024 that total sales of organic products in 2022 had reached $67.576 billion, an improvement of 4% on 2021. Hence, the surging demand for organic and natural products is fuelling the growth trajectory of the beauty and personal care products market.
Which Companies Are Leading in the Beauty And Personal Care Products Market?
Major companies operating in the beauty and personal care products market are Procter And Gamble, Johnson And Johnson Services, Inc, Unilever PLC, L'Oréal S.A, Henkel AG And Co. KGaA, The Estee Lauder Companies Inc, Kao Corporation, Beiersdorf AG, Sephora, Shiseido Company Limited, Coty Inc, Natura And Co, Amorepacific Corporation, Mary Kay Inc, Avon Products Inc, Oriflame Cosmetics AG, L'Occitane en Provence, The Honest Company, Glossier, Olive And June, VLCC Personal Care, Shahnaz Husain Group, Credo Beauty, Ras Luxury Oils, WOW Skin Science
What Are the Major Trends Shaping the Beauty And Personal Care Products Market?
In the beauty and personal care products market, leading companies are pivoting towards the creation of sophisticated innovations such as 24-hour multi-layer moisturizers. These products aim to boost hydration, improve skin health, and battle against aging throughout the whole day. A 24-hour multi-layer moisturizer is a type of skincare product engineered to provide ongoing hydration and nourishment across several skin layers for a full day, thus advocating for prolonged skin health and moisture preservation. For example, Beekman 1802, a skincare enterprise based in the US, introduced Milk RX, a 24-hour multi-layer moisturizer, in August 2024. Using its futuristic Renexosome complex, which infuses goat milk exosomes with reseed polypeptides, Milk RX reshapes anti-aging procedures by elevating collagen production, enriching skin hydration, and encouraging a sturdier, more robust skin. It does all this without inducing the typical irritation associated with conventional retinol.
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What Are the Top Revenue-Generating Geographies in the Beauty And Personal Care Products Market?
North America was the largest region in the beauty and personal care products market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the beauty and personal care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Beauty And Personal Care Products Market?
2. What is the CAGR expected in the Beauty And Personal Care Products Market?
3. What Are the Key Innovations Transforming the Beauty And Personal Care Products Industry?
4. Which Region Is Leading the Beauty And Personal Care Products Market?
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