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Personal Care Products Market
The growing urbanization worldwide is a prominent factor driving the personal care products market.
The products involve skincare commodities such as creams, lotions, and sunscreen and hair care commodities such as shampoos and gels” - Polaris
market ResearchNEW YORK CITY, NY, UNITED STATES, January 15, 2025 /EINPresswire / -- The personal care products market forecast for 2032 is a specialized study of the
industry with a specific concentration on the global market trend analysis.
Polaris Market Research has recently published its latest analysis titled“Personal Care Products Market ." The report reveals that the market for personal care products was valued at USD 157.74 billion in 2023. The market is projected to grow to USD 252.79 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period.
What are Personal Care Products?
Personal care products are consumer commodities that are administered on several exterior parts of the body such as skin, hair, nails, lips, external genital and anal areas, as well as teeth and mucous membrane of the oral cavity so as to render them disinfected, safeguard them from detrimental germs and render them in a good condition.
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The majority of personal care products are washed off instantly, succeeding usage, such as shampoos, soaps, toothpaste, shower gel, and so on. A handful of personal care commodities are smeared on a surface, such as moisturizing cream and sunscreen. The rise in oral hygiene products involving toothpaste and cosmetics for makeup impacts the personal care products market growth favorably.
Who Makes Personal Care Products?
.Beiersdorf AG
.Colgate-Palmolive Company
.Johnson and Johnson Inc.
.LOreal SA
.Natura and Co.
.Oriflame Cosmetics Global SA.
.Procter and Gamble
.Shiseido Company Limited
.The Estee Lauder Inc.
.Unilever PL
are some of the leading players in the personal care products market.
Prominent market contenders are funding massively in research and development to invent contemporary commodities in the market.
Some of the latest developments in the market are:
.In June 2024, Ananta Capital obtained a 55% stake in the personal care brand Anveya Living. This funding will be utilized for contemporary product advancement for hair and skin care commodities and reinforce global augmentation endeavors.
.In May 2024, the skincare brand Olay initiated cleansing melts, water-activated, dissolving cleansing squares obtainable in three expressions, namely vitamin C, hyaluronic acid, and retinol.
What's Driving Market Forward?
Surge in E-Commerce: The market for personal care products is pushed by growing approval of e-commerce. They normally provide a wider gamut of commodities contrasted to offline or tangible stores, permitting consumers to detect calling, expertise, and international brands that might not be obtainable locally.
Growing Approval of Organic Commodities: The growing approval of organic commodities is anticipated to push the demand for personal care products. Several consumers accept that organic commodities are more productive due to their organic constituents. This viewpoint drives demand for organic personal care commodities particularly for skincare and haircare items. This, in turn, is having a favorable impact on personal care product market sales.
Increasing Women Workforce: The growing aggregate of women workforces worldwide is expected to push the market. As per data issued by the International Labor Workforce, women constitute over 40% of the global labor force. Professional ambiances frequently highlight the significance of personal appearance.
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Which Region Leads Market Growth?
North America: North America accounted for the largest personal care products market share. The region's robust growth is primarily due to consumers disbursing on beauty and grooming commodities. The US, as the governing country in the region, has entrenched retail topography and a strong existence of both global and local brands.
Asia Pacific: Asia Pacific is anticipated to witness significant growth from 2024 to 2032. This can be attributed to the growing middle-class population and surging disposable incomes.
How Is Market Segmentation Done?
By Type Outlook
.Conventional
.Organic
By Product Outlook
.Skin Care
.Hair Care
.Color Cosmetics
.Fragrances
.Others
By Ingredient Outlook
.Emollients
.Surfactants
.Emulsifiers
.Rheology Modifiers
.Conditioning Polymers
.Others
By Distribution Channel Outlook
.Hypermarkets & Supermarkets
.Specialty Stores
.E-commerce
.Others
By Regional Outlook
.North America
oUS
oCanada
.Europe
oGermany
oFrance
oUK
oItaly
oSpain
oNetherlands
oRussia
oRest of Europe
.Asia Pacific
oChina
oJapan
oIndia
oMalaysia
oSouth Korea
oIndonesia
oAustralia
oVietnam
oRest of Asia Pacific
.Middle East & Africa
oSaudi Arabia
oUAE
oIsrael
oSouth Africa
oRest of the Middle East & Africa
.Latin America
oMexico
oBrazil
oArgentina
oRest of Latin America
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FAQs:
How much is the personal care products market?
The market was valued at USD 157.74 billion in 2023 and is projected to grow to USD 252.79 billion by 2032.
Who are the key players in the personal care products market?
L'Oreal SA; Procter and Gamble Co., Unilever, Colgate-Palmolive; Estee Lauder Inc., Natura and Co., Johnson and Johnson; Beiersdorf, Shiseido Company, and Oriflame Cosmetics are a few key players in the market.
Which region held the largest market share during the forecast period?
North America held the largest market share.
What is the growth rate of the market?
The global market is projected to grow at a CAGR of 5.4% during 2023–2032.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+ +1 929-297-9727
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