Cosmetics Market

Cosmetics Market size reached USD 295.5 billion in 2021 and is estimated to reach USD 430.0 billion in 2029 and the market is estimated to grow at a CAGR 4.8%.

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Key Drivers

Increasing beauty awareness among individuals has augmented the demand for skincare and personal care products, which is a major factor propelling the cosmetics market size. In addition, the growing impact of social media, rising per capita income, and rapidly accelerating urban population, and the expansion of e-commerce industry will offer enormous opportunities to the market. For example, in 2019, Grupo Boticário, acquired Beleza na Web, an e-commerce platform to sell its products through an online channel to meet consumer demand. With the growing concern pertaining health, hygiene, and body owing to the hectic schedules, changing eating patterns, and sleep cycle, the demand for beauty products to make individuals healthier and attractive has increased, driving the market growth. The shift towards organic cosmetic products from chemical-based cosmetic products, owing to the growing awareness about their positive impact on skin will augment the market growth. Further, as per the Cosmetics Market analysis, accelerating geriatric population has bolstered the demand for cosmetic products because of the increasing demand for hair dye and anti-ageing creams among aged people. However, the growing awareness about the side effects caused by regular use of chemical based cosmetics on skin will impede the Global Cosmetics Market Size over the forecast period.

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Category- Segment Analysis

On the basis of category, the market is segmented into skin and sun care products, hair care products, deodorants, makeup and color cosmetics, fragrances, and others. Among these, the skin and sun care products segment is expected to lead the market during the forecast period. This is due to increasing awareness about skincare products among the young age group. Moreover, accelerated adoption of organic products to keep skin natural and protected from chemicals and pollution is further boosting the growth of the segment.

Distribution Channel – Segment Analysis

Based on the distribution channel, the market is segmented into retail stores and online sales. Among them, online sales is expected to witness a higher CAGR during the forecast period. This is due to the enhanced shopping experience provided by online platforms. Customers can read reviews of other customers and can watch videos about how to use certain products, which will help them to understand product better. Moreover, online platforms offer multiple varieties, anytime shopping experience, and exclusive discounts, which will help in gaining more traction among customers.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is anticipated to dominate the market between 2022-2029 owing to increasing disposable income and rising social media influence on individuals across the region. On the other hand, North America is predicted to grow at a higher CAGR during the forecast period due to the presence of multiple key players of the market and increasing focus of individuals toward enhanced beauty solutions.

Top Market Players

The major players in the market include L’Oréal S.A., New Avon Company, The Procter & Gamble Company, Unilever Group, OriflameCosmetics S.A., Revlon Inc, Kao Corporation, The Estee Lauder Companies Inc., and Shiseido Company, Ltd. and SkinFood among others.

Key Developments:

• • In 2021, Coty Inc. entered into a partnership with Perfect Corp. to incorporate the AI and AR practices into the     digital marketing toolkits of its cosmetics brands.
  • In 2021, MDR Brand management merged with Revlon for the launch of new products and strengthen customer engangement across the APAC and America.
  • In 2021, Kao Corporation launched a serum, SOFNIA iP INTERLINK SERUM Pore Refining Moisture to condition the skin and provide a clear and moist texture.
  • In 2020, Avon Products was acquired by Natura & Co.. This acquistion was intended to help Natura expand its product portfolio.

Segments covered in the Report:

The global cosmetics market has been segmented on the basis of category, distribution channel, gender, and region. Based on category, the market is segmented into skin and sun care products, hair care products, deodorants, makeup and color cosmetics, fragrances, and others. Based on distribution channel,the market is segmented into retail sales, and online sales. Based on gender, the market is segmented into men, and women.

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Key questions answered in this research report:

• • At what pace is global cosmetics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global cosmetics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global cosmetics market?
  • Which category generated maximum revenues in 2021 and identify the most promising cosmetics category during the forecast period?
  • What are the various distribution channels of global cosmetics market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 295.5 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Category, By Distribution Channel, By Gender, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	L’Oréal S.A., New Avon Company, The Procter & Gamble Company, Unilever Group, Oriflame cosmetics S.A., Revlon Inc, Kao Corporation, The Estee Lauder Companies Inc., and Shiseido Company, Ltd.among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cosmetics Market by Category

• • Skin and Sun care products
  • Hair care products
  • Deodorants
  • Makeup and Color cosmetics
  • Fragrances
  • Others

Global Cosmetics Market by Distribution Channel

• • Retail Sales Channel
    • General departmental store
    • Supermarkets
    • Drug stores
    • Brand outlets
    • Others
  • Online Sales Channel

Global Cosmetics Market by Gender

• • Men
  • Women

Global Cosmetics Market by Region

• • North America Cosmetics Market (Option 1: As a part of the free 25% customization)

• • • By Category
    • By Distribution Channel
    • By Gender
    • US Market All-Up
    • Canada Market All-Up

• • Europe Cosmetics Market (Option 2: As a part of the free 25% customization)

• • • By Category
    • By Distribution Channel
    • By Gender
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Cosmetics Market (Option 3: As a part of the free 25% customization)

• • • By Category
    • By Distribution Channel
    • By Gender
    • India Market All-Up
    • China Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

• • RoW Cosmetics Market (Option 4: As a part of the free 25% customization)

• • • By Category
    • By Distribution Channel
    • By Gender
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Cosmetics Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • L’Oréal S.A.
  • New Avon Company
  • The Procter & Gamble Company
  • Unilever Group
  • Oriflame Cosmeticss S.A.
  • Revlon Inc
  • Kao Corporation
  • The Estee Lauder Companies Inc.
  • Shiseido Company, Ltd.
  • Skin Food