Beauty Market Research | Global Industry Analysis & Forecast To 2028
The Global Beauty Market Size is to grow at a CAGR of 6.3% over the forecast period, reaching USD XX billion by 2028. The demand for beauty products in the North American region is projected to be the highest in terms of value due to factors such as increasing disposable income and the growing population.
Beauty is defined as a combination of various products and services that are used to improve appearance and attractiveness, such as skincare (facial care like cleansing milk/toner), hair care (shampoo and conditioner), color cosmetics (lipsticks), etc. These make you smell good; enhance your look; protect against the sun.
On the basis of Types, the market is segmented into Skincare, Haircare, Color Cosmetics, and Fragrances.
Skincare is a cosmetic that protects and improves the appearance of the skin. It can be used on all regions of the body, including the face, hands, arms, feet, skincare is a category of cosmetic products that are used to enhance the appearance and health of the skin. These types of products include moisturizers, serums, cleansers, and exfoliants.
Haircare is a beauty product that helps you to take care of your hair. It can be used for both men and women, but there are some different types made just for one sex or the other. Haircare products include shampoo, conditioner, styling gel/cream/lotion, etc., mousse, pomade.
Color cosmetics are beauty products such as lipstick, eyeshadow, and blush that contain colors. They can be worn to enhance the appearance of natural skin tone or facial features by creating different effects (brightening one's face, contouring cheekbones.
Fragrances are in products that give a pleasant smell, such as soaps and shampoos. The key ingredients of fragrances may be natural or synthetic chemicals that impart an aroma to the product. Fragrance products can also contain both aromatic and non-aromatic components (meaning they do not provide any odor.
On the basis of Application, the market is segmented into Men, Women, Baby, and Children.
The global beauty in men is growing at a steady pace due to increasing disposable income, changing consumer lifestyles, and an increase in the number of working professionals. A large number of consumers are using personal care products such as perfumes, fragrances, hair gels, or shaving creams on their own.
The use of beauty products is widespread in women. The more attractive a woman feels, the better her self-confidence and quality of life are higher. Beauty care for women includes various types such as hair care, skincare, color cosmetics, etc., These days’ application areas include men too along with children.
In babies, it is mainly used for cleansing and moisturizing. It restores the pH balance of skin from acidic to alkaline levels after being washed with soap or detergents. When not cleaned at all times, this causes severe dryness and can lead to rashes like dermatitis. Baby skincare is a cosmetic category that matches the specific needs of babies and young children. The skin of infants and little ones tends to be more sensitive than adults, so it often requires special care with quality products.
The use of beauty products in children is still a controversial topic. Some parents want to give their kids the same grooming that they have, while others are afraid that this will cause unnecessary psychological problems for the child later on in life. The children's skincare market is estimated to grow at a CAGR of around 12% during the forecast period.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is estimated to account for the largest share of the market owing to high awareness about beauty products and the availability of advanced technologies. North America is expected to dominate the market in 2021. in the Latin American region. Latin America is estimated to account for the second-largest share of the market. In addition, increasing per capita income and changing lifestyles have been driving this market in Latin American countries such as Brazil and Argentina. The Asia Pacific is expected to witness fast growth due to increasing disposable incomes, urbanization levels, and emerging economies such as India and China’s growing middle-class population.
The Growth Of factors of the Global Beauty Market:
The Growth factors that drive the growth of the global beauty market are the increasing demand for organic and natural cosmetics. Also, rising disposable income due to job opportunities in developing countries is also one of the key factors which drive the global beauty industry. The global beauty market is mainly driven by increasing demand for skincare products. High growth in the Middle East and Africa region due to changing lifestyles and increasing disposable incomes of consumers. The global beauty market is experiencing a rise in the number of consumers. Factors such as a rise in disposable income, increasing demand for skincare products, and growing awareness about beauty are driving the growth of the global beauty market. The rise in per capita expenditure on color cosmetics is fueling the demand for skincare products across different regions.
Dataintelo published a new report titled “Beauty Market research report which is segmented by Types (Skincare, Haircare, Color Cosmetics, Fragrances), By Applications (Men, Women, Baby and Child), By Players/Companies Panasonic, Lumenis, Nu Skin Enterprises, TRIA Beauty, Home Skinovations, Koninklijke Philips, YA-MAN LTD, MTG, Lâ€™OREAl, Unilever, EstEE Lauder, P&G, Coty, Shiseido, Beiersdorf, Johnson & Johnson, AmorePacific, Kao, LVMH, L Brands, Avon, Henkel, Mary Kay, Colgate-Palmolive, Chanel, Natura, Revlon, Kose”.
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 Market Report Segments:
The market is segmented by Type Skincare, Haircare, Color Cosmetics, Fragrances and By Application Men, Women, Baby and Child.
Some of the companies that are profiled in this report are:
Nu Skin Enterprises
Johnson & Johnson
Beauty 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 Market
Overview of the regional outlook of the Beauty 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.
Read More at: https://dataintelo.com/report/global-beauty-market/
Highlights of The Beauty Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of Beauty Market.
Historical data and forecast.
Estimations for the forecast period 2028.
Developments and trends in the market.
Baby and Child
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Beauty 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.
How you may use our products:
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Reasons to Purchase the Beauty 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.