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SHERIDAN, WYOMING, UNITED STATES, September 22, 2022 /EINPresswire.com / -- The IMARC Group provides extensive analysis of the cosmetics industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Cosmetics Market Trends:
The global cosmetics market reached a value of US$ 357.5 Billion in 2021. Looking forward, IMARC Group expects the Cosmetics Market to reach US$ 508.3 Billion by 2027, exhibiting at a CAGR of 5.95% during 2022-2027. Cosmetics represent beauty, and personal grooming products produced using organic and chemical compounds. They can be categorized into skin and sun care products, hair care items, deodorants and fragrances, makeup commodities, etc. Cosmetics offer numerous advantages, such as enhancing physical appearance, maintaining skin health, and boosting overall self-esteem. Consequently, they are in high demand among both male and female consumers across the globe.
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Global Cosmetics Market Trends:
The expanding e-commerce industry and the increasing availability of luxury and premium skincare and makeup items online are among the key factors driving the cosmetics market. In line with this, the introduction of several additional benefits by prominent e-retailers, including same-day or one-day delivery services, easy-to-navigate dashboards, and enhanced security features for online payments, is also positively influencing the market growth. Furthermore, the development of new products with natural ingredients that prevent any adverse effects on the skin is acting as another significant growth-inducing factor. Besides this, the shifting preferences for handy and easy-to-use product variants among the working women population are further augmenting the global market. Additionally, the launch of attractive packaging solutions by key market players and the inflating investments in promotional activities to generate brand awareness and expand the existing customer base are expected to propel the cosmetics market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Report Scope of Cosmetics Market:
Base Year of the Analysis2021
Segment CoverageProduct Type, Category, Gender, Distribution Channel, Region
Key Market Segmentation:
Avon Products Inc.
Henkel AG & Co. KGaA
Oriflame Cosmetics AG
Procter & Gamble Company
Revlon Inc. (MacAndrews & Forbes Incorporated)
Shiseido Company Limited
Skinfood Co. Ltd
The Estée Lauder Companies Inc
Breakup by Product Type:
Skin and Sun Care Products
Hair Care Products
Deodorants and Fragrances
Makeup and Color Cosmetics
Breakup by Category:
Breakup by Gender:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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