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Surge In Demand For Healthier Lifestyles And Hygienic Living Boosts Cosmetics And Personal Care Stores Market: A Key Catalyst Accelerating Cosmetics And Personal Care Stores Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Cosmetics And Personal Care Stores Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for cosmetics and personal care stores has seen substantial growth in the past few years. The market size is projected to increase from $332.69 billion in 2024 to $356.37 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. Factors such as beauty trends among consumers, economic circumstances, marketing and branding strategies, influence of social media, and retail expansion have contributed to the growth during the historic period.
Cosmetics And Personal Care Stores Market Size Forecast: What's the Projected Valuation by 2029?
The market size of cosmetics and personal care stores is anticipated to witness significant expansion in the upcoming years, reaching a value of $473.12 billion in 2029, with a compound annual growth rate (CAGR) of 7.3%. This projected growth during the forecasted period can be credited to the development of e-commerce, emphasis on sustainability and clean beauty, promotion of inclusivity and diversity, formulation innovations, and global beauty trends. The predominant trends expected during this forecast period include the emergence of retail spaces dedicated to clean beauty, personalization backed by data, subscription-based services, and beauty boxes, eco-friendly and sustainable packaging options, as well as the rise of experiential retail and beauty services.
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What Are the Drivers Transforming the Cosmetics And Personal Care Stores Market?
The cosmetics and personal care stores market is poised to be driven by the rising pursuit of healthy and hygienic living. Leading a healthy lifestyle encompasses physical fitness and maintaining a balanced diet, sufficient sleep, stress management, and social engagement, while hygienic living involves cleanliness and health-promoting practices such as regular hand washing, proper face hygiene, and bathing using soap and water, among others. Cosmetics and personal care shops can contribute to a healthier and more hygienic life by offering a variety of products that help customers keep their bodies clean and well cared for. For instance, a report by Statistics Canada, a Canadian statistical organization, in February 2022 showed that the consumer price index for health and personal care had increased from 134.6 in March 2023 to 143.0 in February 2023, an increase of 6.2%. Hence the cosmetics and personal care stores market is fueled by the increasing desire for a healthier lifestyle and hygienic living.
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Which Fast-Growing Trends Are Poised to Disrupt the Cosmetics And Personal Care Stores Market?
The emergence of product innovations is a noteworthy trend shaping the landscape of the cosmetics and personal care stores market. Key players within this market are striving to establish their dominance by creating innovative solutions. For example, in March 2023, US retail corporation Walmart Inc. launched Clean Beauty, a digital shopping platform that helps customers locate manufactured beauty products. Many beauty brands retailed by Walmart have further embraced more eco-friendly packaging solutions, evaluated their carbon emissions, and transitioned to cruelty-free and ethical practices. The distinctiveness of this platform relies on the production of items devoid of certain components, as outlined on a Made Without List. This list has been created by Walmart with the involvement of state and federal regulators, suppliers, and other experts like the Environmental Defense Fund (EDF).
Which Segments in the Cosmetics And Personal Care Stores Market Offer the Most Profit Potential?
The cosmetics and personal care storesmarket 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
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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Which Firms Dominate the Cosmetics And Personal Care Stores Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential 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
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