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Key Trends Influencing the Growth of the Beauty And Personal Care Products Market in 2025: Innovative 24-Hour Multi-Layer Moisturizers Revolutionizing Skin Hydration And Anti-Aging Solutions
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Beauty And Personal Care Products Market Through 2025?
The market size for beauty and personal care products has seen a robust growth in the previous years. The market is set to expand from $519 billion in 2024 to $547.3 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. Factors influencing the growth historically include heightened consumer knowledge about personal hygiene, a rise in disposable income, increased influence of social media and beauty influencers, urbanization and lifestyle changes, broader product accessibility via retail and e-commerce, and a worldwide increase in demand for anti-aging and skin-enhancement products.
What's the Projected Size of the Global Beauty And Personal Care Products Market by 2029?
The market for beauty and personal care products is predicted to experience significant growth in the near future, potentially reaching $692.49 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. This increase in the forecast period can be credited to a few different factors including an increased interest in sustainable and clean beauty, growing adoption of bespoke skincare solutions, the growing impact of social media and digital marketing, a growing male grooming market, an increase in health-centric beauty regimens, and improved accessibility due to omnichannel retail strategies. Key trends in this timeframe include a rise in personalized skincare solutions, the use of AI and AR in product selection, movement towards sustainable and refillable packaging, advancements in biotech-related ingredients, the combination of wellness and skincare, and the emergence of water-free beauty products.
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Top Growth Drivers in the Beauty And Personal Care Products Industry: What's Accelerating the Market?
The surge in desire for organic and natural goods is set to drive the growth of the beauty and personal care products industry in the future. These organic and natural products are created from components procured from flora, minerals, or other natural entities, sans the utilization of synthetic chemicals, insecticides, or manure. The increased consumer consciousness about potential health hazards linked with synthetic chemicals is what is escalating the demand for these organic and natural products. By providing a more gentle, chemical-free option, they enhance the quality of beauty and personal care products. They encourage a healthier and more environmentally friendly beauty regimen, appealing to individuals who are in search of sustainable, non-toxic skincare, haircare, and cosmetic solutions. For example, as per the information provided by LETIS S.A., an organic product certification authority based in Argentina, the total sales of organic products hit $67.576 billion in 2022, registering an increase of 4% from 2021. Hence, this rise in demand for organic and natural products is boosting the growth of the beauty and personal care products market.
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What Are the Key Trends Driving Beauty And Personal Care Products Market Growth?
Top corporations in the beauty and skincare market are prioritizing the creation of cutting-edge innovations, such as 24-hour multi-layer moisturizers, to enhance skin hydration and health, and fight aging all day long. A 24-hour multi-layer moisturizer is essentially a skincare product crafted to provide ongoing hydration and nourishment to various layers of the skin over a 24-hour period, encouraging enduring skin health and moisture preservation. For example, in August 2024, Beekman 1802, a skincare firm based in the US, introduced a 24-hour multi-layer moisturizer named Milk RX. This product transforms the anti-aging treatments sector with its novel Renexosome complex, which merges goat milk exosomes with reseed polypeptides to boost collagen production, augment skin hydration, and stimulate firmer, healthier skin without the standard irritation linked with conventional retinol.
What Are the Main Segments in the Beauty And Personal Care Products Market?
The beauty and personal care productsmarket 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: Hypermarkets And Supermarkets, 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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Which Top Companies are Driving Growth 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
Which Regions Will Dominate the Beauty And Personal Care Products Market Through 2029?
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.
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