Cosmetics Market Global Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2027
The global ''cosmeticmarket'' size is projected to reach USD 438.38 billion by the end of2026. The increasing demand for clean-labelled products will bode well for the marketin the coming years. According to a report published by Fortune BusinessInsights, titled “Cosmetics Market Size, Share & Industry Analysis,By Category (Hair Care, Skin Care, Makeup, and Others), By Gender (Men andWomen), By Distribution Channel (Specialty Stores, Hypermarkets/Supermarkets,Online Channels, and Others), and Regional Forecast, 2019-2026,” themarket was worth USD 297.61 billion in 2018 and will exhibit a CAGR of 5.1%during the forecast period.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill.We understand that this health crisis has brought an unprecedented impact onbusinesses across industries. However, this too shall pass. Rising support fromgovernments and several companies can help in the fight against this highlycontagious disease. Some industries are struggling and some are thriving.Overall, almost every sector is anticipated to be impacted by the pandemic.
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
A few of the leading companies that are currently operating in themarket include:
- L’Oréal Professional
- Unilever
- Procter & Gamble
- Estée Lauder Inc.
- Beiersdorf AG
- Shiseido Co., Ltd.
- Coty Inc.
- Natura & Co.
- Kao Corporation
- Johnson & Johnson Services, Inc.
Cosmetics are products that are used to enhance the aesthetics andvisual appearance of the body. The emphasis on the use of skin friendlyproducts has come as a welcome opportunity to standout in the fragmented cosmeticsmarket. The massive global demand for cosmetics has shaped up the structure ofthe market. The presence of several large scale companies and the subsequentlyrising investments in the R&D of skin-friendly cosmetics will bode well forthe market in the coming years. Moreover, variations in product offerings haveplayed a huge role in the growth of the market in recent years. The adoption ofhealthy and visually appealing lifestyle will lead to a wider adoption ofcosmetics and subsequently aid the growth of the market.
Increasing Number of Company Mergers and Acquisitions Will AidGrowth
The report includes several factors that have made an impact onthe growth of the market in recent years. It highlights a few of the majorindustry developments of recent times and further discusses how thesedevelopments have influenced market growth. Among all factors, the increasingnumber of company mergers and acquisitions has made a huge impact. In September2017, Unilever announced that it plans to acquire Carver Korea. The companypossesses an attractive range of skin care products and is based in SouthKorea. Unilever’s acquisition of Carver will bode well for the global market inthe foreseeable future.
North America Currently Fast Growing Market; Increasing Investmentin Product R&D Will Aid Growth
The report analyzes the ongoing cosmetics market trends acrossNorth America, South America, Asia Pacific, the Middle East and Africa, andEurope. Among these regions, North America will witness the highest growth inthe coming years. The massive investments by large scale companies towards thedevelopment of organic products will aid the growth of the regional market. Asof 2018, the market in North America was worth USD 82.59 billion and this valueis projected to increase further in the coming years. The market in AsiaPacific will also witness considerable growth in the coming years, owing to thehigh population and the subsequently high demand for cosmetics and cosmeticproducts in several countries across this region.
Cosmetics Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth
To get the short-term and long-term impact of COVID-19 on thisMarket, Visit: https://www.fortunebusinessinsights.com/cosmetics-market-102614
Industry Developments:
February 2020: Romer LLC announced thelaunch of a new skin care brand. The company plans to offer clean andeco-friendly products in the U.S.
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