Beauty and Personal Care Products Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global beauty and personal care products market size is
anticipated to reach USD 716.6 billion by 2025, according to a new report by
Grand View Research, registering a CAGR of 5.9% during the forecast period.
Growing preference for natural and organic personal care (NOPC) products,
increasing adoption of Augmented Reality (AR) in the beauty industry, growing
demand for anti - aging products, and increasing popularity of men’s grooming
products are some of the key factors that are expected to drive the market over
the forecast period.
AR uses face
and skin - mapping technology to show how products would look on individual
consumers before they purchase them. Thus, they need not visit a physical store
nor try the products on, thus saving time and making purchase process more
convenient.
Growing
awareness about health, wellness, and personal grooming and appearance among
men is projected to account for a rise in the demand for men’s grooming
products. This, in turn, is expected to boost the growth of the market over the
forecast period. A variety of men’s toiletries are now available in the market,
such as deodorants, hair care, and skin care products, and bath and shower
products. Furthermore, the skin care/sun care product segment expanded at a
moderate CAGR from 2014 to 2017 owing to increasing aging population and
growing awareness about advantages of using anti
- aging products.
The Asia
Pacific market accounted for the largest share of the market in 2017. It is
expected to witness a significant gain in revenue share over the forecast period
on account of its large population and the popularity of the e - commerce
distribution channel across various industries in this region. Additionally,
Japan, China, and India are expected to be the key contributors to the growth
of the organic products segment in the region over the forecast period.
Further key
findings from the report suggest:
- The demand for
the beauty and personal care products market is expected to increase owing
to rising aging population and growing consciousness to maintain youthful
skin and a good appearance. The skin care/sun care segment is expected to
register the highest CAGR of 6.2% over the forecast period
- The U.S.,
China, Japan, India, and Mexico are expected to witness considerable
growth over the forecast period owing to robust industrial development and
extensive urbanization
- The key players
in this market include Avon Products, Inc.; Beiersdorf AG; Coty Inc.; Kao
Corporation; L’occitane International S.A.; L’Oréal Group; Procter &
Gamble; Mary Kay Inc.; Shiseido Company, Limited; Unilever Revlon, Inc.;
and The Estée Lauder Companies Inc.
Access
full research report on global beauty and personal care products market:
www.grandviewresearch.com/industry-analysis/beauty-personal-care-products-market
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Created on Dec 10th 2019 07:35. Viewed 656 times.