Cosmetics are the products that are designed to protect, cleanse, and change the appearance of external body parts of our bodies. The various key ingredients used in cosmetics include emulsifiers, thickeners, water, preservatives, colors, moisturizers, and fragrances. There is a wide range of cosmetics products available in the market such as nail paint, make-up, skin cream, and grooming aids, such as shampoo, soap, deodorant, and shaving cream.

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Rising disposable income, changing lifestyle, and strong demand for natural ingredients in cosmetics products are some of the key reasons fuelling the growth of the global cosmetics market. Natural products are no more limited to unpretentious stores and have started gaining popularity. Presently, natural or organic products are the top priority of the majority of beauty enthusiasts. A drastic shift has been observed from chemical-based cosmetics products to organic products, due to rising awareness about their benefits. Due to the expanding number of beauty blogs, influencers, and social media accounts dedicated to skincare practices, people have started understanding the need for organic products.

The usage of synthetic chemicals in skincare products has resulted in harmful results, which even led to life-threatening diseases such as cancers. Additionally, the increasing cases of allergies due to increased exposure to chemicals based cosmetics products is further encouraging the target consumers toward organic or natural products. Organic products are environment friendly, reduces aging, and other skin related issues. Thus, the high demand for natural ingredients in cosmetics products is driving the growth of the market. On the other end, the emerging trend of adopting advanced beauty treatments due to high income status is likely to hinder the demand for cosmetics products.

The global cosmetics market has responded positively to the COVID-19 crisis in 2020, as leading brands are mainly focusing on bringing digitalization by expanding their websites, forming pages on different social media platforms and marketplaces, to maintain the social distancing precaution and balance their sales at the same time. In parallel, the notable trend of do-it-yourself (DIY) among the consumers is further surging the demand of the market. As the salons and beauty shops are closed, the consumers are forgoing these services to avoid physical contact, which in turn, is promoting them to opt for cosmetics products and perform their beauty care process at their home.

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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.

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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Based on the region, the Asia-Pacific region is anticipated to dominate the market between 2020-2027 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.

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.

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 2019 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 Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
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)

• • • North America Cosmetics Market by Category
    • North America Cosmetics Market by Distribution Channel
    • North America Cosmetics Market by Gender
    • US Cosmetics Market All-Up
    • Canada Cosmetics Market All-Up

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

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

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

• • • Asia-Pacific Cosmetics Market by Category
    • Asia-Pacific Cosmetics Market by Distribution Channel
    • Asia-Pacific Cosmetics Market by Gender
    • India Cosmetics Market All-Up
    • China Cosmetics Market All-Up
    • Japan cosmetics Market All-Up
    • Rest of APAC Cosmetics Market All-Up

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

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