Global Beauty And Personal Care Products Market by Type (Inorganic, Vegan, Organic), by Product (Makeup & Cosmetics, Hair Care, Skin Care) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global beauty and personal care product market was worth USD 455.3 billion. The market is expected to grow at 5.9% over the forecast period. Market growth is expected to be healthy due to increasing preference for organic and natural personal care products (NOPC), growing adoption of Augmented Reality (AR), in the beauty industry, rising demand for anti-aging and men's grooming products.

The market is expected to grow significantly over the forecast period due to several factors. A major factor is consumers' increasing preference for NOPC products, as they prefer products with natural ingredients.

Market growth is expected to be aided by the increasing adoption and implementation AR in the beauty sector. AR allows real-time analysis of facial features and tracking using photos and videos uploaded online by consumers. You can also get fully-customized AR modules for Android, iOS and Windows. AR allows consumers to experience a product in a virtual environment and then compare it to their own devices before purchasing. AR will continue to grow in popularity over the forecast period.

Due to men's growing interest in appearance, health, wellness, and market share will drive the market. A wide variety of grooming products are now available to men, including deodorants, hair and skin care products, as well as bath and shower products.

Due to growing awareness of the benefits and increasing ageing population, there is a rising demand for anti aging products. Due to rising anti-aging product demand, the skin care/suncare segment saw a moderate increase in growth from 2012 to 2017.

Product Insights

Based on product, the market has been segmented into skin care/sun care, hair care, makeup & color cosmetic products, deodorants/fragrances, and others. In 2017, the skin care/suncare segment accounted for one-third of total revenue. This segment is expected to dominate the market over the forecast period.

This segment has seen significant growth due to the increased awareness of the importance of looking young and healthy. Older people are particularly affected by the need to look young and combat signs of aging like wrinkles and sagging skin. Their growing population will support the growth of this segment.

Over the forecast period, the skincare/suncare segment will experience significant growth. Due to its large population, the Asia Pacific is expected to generate the highest demand for these products.

Distribution Channel Insights

The market can be divided into three segments based on its distribution channel: direct selling, hypermarkets and retail chains, Ecommerce specialty stores, etc. Due to increasing internet penetration, the E-Commerce segment will see significant growth in the coming years. Rapid urbanization is expected to benefit developing regions like the Asia Pacific from E-Commerce's booming growth.

E-Commerce is a growing trend in retail, but it only accounts for a small portion of global retail sales. This is due to the fact that consumers want to test products before buying them. India, China and other countries in Southeast Asia are experiencing strong industrial development and extensive urbanization. The growth of the market for beauty and personal care products will be supported by the increasing penetration of the internet.

Type Insights

The market can be divided into three types based on its type: organic, vegan, and inorganic. The benefits of using vegan cosmetics are becoming more widely known. People are increasingly becoming more aware of the benefits of vegan cosmetics and are avoiding products that are derived from animals or have been tested on them. These factors will contribute to the expansion of vegan cosmetics over the forecast period.

A rise in the use of toxic chemicals in personal and beauty care products is driving demand for vegan and organic products. The forecast period will see significant growth in organic and vegan products due to the rising demand for safer and natural ingredients around the world.

Regional Insights

In 2017, the Asia Pacific was the dominant market for revenue. In 2017, the regional market was worth USD 157.1 billion. The market is positively being influenced by the increasing population, the spiraling demand for vegan and organic products, and the growing penetration of AR within the beauty industry.

Due to the growth of E-Commerce and the rising disposable income of the population, the Asia Pacific region market will see a significant increase in revenue share during the forecast period. Consumer buying patterns in the region indicate that there is a shift in cosmetics usage from inorganic to organic, and even vegan cosmetics.

Market Share Insights & Key Companies

Avon Products, Inc., Beiersdorf AG, Coty Inc., Kao Corporation, L'occitane International S.A., L'Oreal Group, Procter & Gamble, and Mary Kay Inc. are some of the major players in this market.

To consolidate their product portfolios and position in the market, market participants are now focusing on strategies like partnerships and mergers and acquisitions. L'Oreal Group purchased CeraVe and AcneFree brands from Valeant in March 2017. These brands are focused on products that treat dry skin, dark spots, skin problems, and skin lightening. The annual combined revenue of these three brands is USD 168 millions.

Beauty and Personal Care Products Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth at both the country and global levels. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global beauty and personal-care products market report by product, distribution channel, type and region.

• Product Outlook (Revenue, USD Billion, 2014 - 2025)

  • Skin Care/Sun Care

  • Hair Care

  • Color and Makeup Cosmetics

  • Deodorants/Fragrances

  • Other

• Distribution Channel Outlook (Revenue USD Billion, 2014-2025)

  • Direct Selling

  • Hypermarkets and Retail Chains

  • E-Commerce

  • Specialty Stores

  • Other

• Type Outlook (Revenue, USD Billion, 2014 - 2025)

  • Vegan

  • Organic

  • Inorganic

• Regional Outlook (Revenue USD Billion, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

    • Colombia

  • Middle East & Africa (MEA)

    • South Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global beauty and personal care product market was valued at USD 506.7 billion in 2019, and is projected to grow to USD 535.7 billion by 2020.

b. Global beauty and personal care market will grow at a compound annual rate of 5.9% between 2018-2025, to reach USD 7166.6 billion in 2025.

b. With a 35.1% share in 2019, Asia Pacific was the dominant market for beauty and personal care products. This is due to increasing demand for organic and vegan products and the growing penetration of AR within the beauty industry.

b. Avon Products, Inc., Beiersdorf AG, Coty Inc., Kao Corporation, L'occitane International S.A., L'Oreal Group, Procter & Gamble, and Mary Kay Inc. are some of the key players in the beauty and personal-care products market.

b. Market growth is being driven by several factors, including rising preference for organic and natural personal care products (NOPC), increasing use of Augmented Reality in the beauty industry, growing interest in anti-aging products and the burgeoning popularity for men's grooming products.

Up Market Research published a new report titled “Beauty And Personal Care Products Market research report which is segmented by Type (Inorganic, Vegan, Organic), by Product (Makeup & Cosmetics, Hair Care, Skin Care), By Players/Companies Avon Products, Inc; Beiersdorf AG; Coty Inc; Kao Corporation; L’occitane International SA; L’Or©al Group; Procter & Gamble; and Mary Kay Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Beauty And Personal Care Products Market Report Segments:

The market is segmented by Type (Inorganic, Vegan, Organic), by Product (Makeup & Cosmetics, Hair Care, Skin Care).

Beauty And Personal Care Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Beauty And Personal Care Products Market

Overview of the regional outlook of the Beauty And Personal Care Products Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Beauty And Personal Care Products Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Beauty And Personal Care Products Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Inorganic

                2. Vegan

                3. Organic

                1. Makeup & Cosmetics

                2. Hair Care

                3. Skin Care

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Beauty And Personal Care Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Beauty And Personal Care Products Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.