Cosmetics Market Research Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2027
The global ''cosmetic
market'' size is projected to reach USD 438.38 billion by the end of
2026. The increasing demand for clean-labelled products will bode well for the market
in the coming years. According to a report published by Fortune Business
Insights, titled “Cosmetics Market Size, Share & Industry Analysis,
By Category (Hair Care, Skin Care, Makeup, and Others), By Gender (Men and
Women), By Distribution Channel (Specialty Stores, Hypermarkets/Supermarkets,
Online Channels, and Others), and Regional Forecast, 2019-2026,” the
market 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 on
businesses across industries. However, this too shall pass. Rising support from
governments and several companies can help in the fight against this highly
contagious disease. Some industries are struggling and some are thriving.
Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and
grow during COVID-19 pandemics. Based on our experience and expertise, we will
offer you an impact analysis of coronavirus outbreak across industries to help
you prepare for the future.
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 the
market 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 and
visual appearance of the body. The emphasis on the use of skin friendly
products has come as a welcome opportunity to standout in the fragmented cosmetics
market. The massive global demand for cosmetics has shaped up the structure of
the market. The presence of several large scale companies and the subsequently
rising investments in the R&D of skin-friendly cosmetics will bode well for
the market in the coming years. Moreover, variations in product offerings have
played a huge role in the growth of the market in recent years. The adoption of
healthy and visually appealing lifestyle will lead to a wider adoption of
cosmetics and subsequently aid the growth of the market.
Increasing Number of Company Mergers and Acquisitions Will Aid
Growth
The report includes several factors that have made an impact on
the growth of the market in recent years. It highlights a few of the major
industry developments of recent times and further discusses how these
developments have influenced market growth. Among all factors, the increasing
number of company mergers and acquisitions has made a huge impact. In September
2017, Unilever announced that it plans to acquire Carver Korea. The company
possesses an attractive range of skin care products and is based in South
Korea. Unilever’s acquisition of Carver will bode well for the global market in
the foreseeable future.
North America Currently Fast Growing Market; Increasing Investment
in Product R&D Will Aid Growth
The report analyzes the ongoing cosmetics market trends across
North America, South America, Asia Pacific, the Middle East and Africa, and
Europe. Among these regions, North America will witness the highest growth in
the coming years. The massive investments by large scale companies towards the
development of organic products will aid the growth of the regional market. As
of 2018, the market in North America was worth USD 82.59 billion and this value
is projected to increase further in the coming years. The market in Asia
Pacific will also witness considerable growth in the coming years, owing to the
high population and the subsequently high demand for cosmetics and cosmetic
products 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 this
Market, Visit: https://www.fortunebusinessinsights.com/cosmetics-market-102614
Industry Developments:
February 2020: Romer LLC announced the
launch of a new skin care brand. The company plans to offer clean and
eco-friendly products in the U.S.
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