(MENAFN- EIN Presswire) EINPresswire/ -- Allied Market Research published a report, titled, "Toiletry Products Market by Product Type (Hair Care Products, Skincare Products, Oral Care Products, Bath and Shower Products, Deodorants and Antiperspirants, and Others), Price Point (Premium, Medium, and Economy), and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Pharmacy and Drug Stores, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2035 ". According to the report, the toiletry products market was valued at $262.5 billion in 2023, and is estimated to reach $543.1 billion by 2035, growing at a CAGR of 6.1% from 2024 to 2035.

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Prime determinants of growth

The market for toiletry products is expanding due to several important factors. One important factor is customers' growing awareness of personal hygiene and health, as they place a higher value on skincare and cleanliness. Increasing disposable incomes allows more people to purchase high-end toiletry products, especially in emerging nations. People's desire for products that improve their wellness and attractiveness is further fueled by the growing importance of social media and celebrity endorsements. Innovation in product formulations, such as the use of natural and organic materials, also meets the growing need for environmentally friendly and sustainable products. Travel-sized packaging is becoming more popular, and the need for toiletry products is further increased by the growth in international tourism and travel.

The toiletry products market is analyzed on the basis of product type, price point, distribution channel, and region. By product type, the market is divided into hair care products, skincare products, oral care products, bath & shower products, deodorants & antiperspirants, and others. The skincare products segment occupied the major toiletry products market share in 2023 and is projected to maintain its dominance during the forecast period. The market for toiletry products' skincare category is growing rapidly due to consumers' growing interest in health and skincare practices. Demand for natural, organic, and anti-aging components as well as multipurpose products are important trends. Globally, e-commerce and customized skincare products are becoming more popular.

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Key Benefits For Stakeholders
This toiletry products market report provides a quantitative analysis of the toiletry products market size, segments, current trends, estimations, and dynamics of the toiletry products market analysis from 2023 to 2035 to identify the prevailing toiletry products market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the toiletry products market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global toiletry products market trends, key players, toiletry products market insights, application areas, and toiletry products market growth strategies.

KEY FINDINGS OF STUDY

By product type, the skincare products segment was the highest revenue contributor to the market in 2023.
As per price point, the premium segment is the fastest-growing segment in the global toiletry products market during the forecast period.
By distribution channel, the supermarkets/hypermarkets segment was the highest revenue contributor to the market in 2023.
Region-wise, Asia-Pacific was the highest revenue contributor in 2023 in the market.

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