Beauty And Personal Care Products Industry Overview
The global beauty and personal care products market size was valued at USD 482.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030.
One of the primary factors driving market expansion is the rising consciousness of consumers about their appearance. Beauty and personal care products such as skin care, color cosmetics, and hair care are becoming an integral part of daily grooming among millennials. The introduction of cosmetics with natural, non-toxic, and organic ingredients has also been boosting the market growth.
The easy availability of these cosmetic items through various sales channels such as specialty stores, pharmacies, and beauty salons has contributed to the growth of the market in terms of value sales. In addition, the increasing focus of male consumers on skin care and grooming to enhance their physical appearance and take better care of their skin is anticipated to offer strong opportunities for growth. Increasing investments in the research development of new and effective offerings also bode well for market growth.
Gather more insights about the market drivers, restrains and growth of the Global Beauty And Personal Care Products Market
Rising consumer awareness about using cosmetics that are vegan, organic, natural, and, at the same time, good for the planet has encouraged manufacturers to launch new offerings and expand their footprint. For instance, in June 2021, SO'BiO étic, a socially responsible French beauty company, launched its organic beauty line in the U.S., to supply eco-friendly and healthy beauty items. The company’s products do not contain glycol, parabens, silicones, nanoparticles, PEG, or chemical filters.
Various chemicals used as ingredients in beauty and personal care products can have adverse side effects on the skin. Similarly, long-term and extensive use of haircare commodities containing harsh chemicals can lead to numerous hair problems such as hair fall, premature greying, and dry and lackluster hair. Growing consumer awareness regarding the probable side effects of using such products is one of the major factors limiting the growth of conventional beauty and personal care products.
The COVID-19 pandemic has also had a significant impact on the growth of the market. The pandemic disrupted the production as well as supply of beauty and personal care items. The situation was exacerbated by strict restrictions on movement, as well as social distancing and stay-home policies. Demand for new orders from retailers came to a standstill as major markets were under lockdown and commodity sales took a major hit, both through online and offline channels.
Browse through Grand View Research's Beauty Personal Care Industry Research Reports.
- Dermocosmetics Skin Care Products Market - The global dermocosmetics skin care products market size was valued at USD 52.12 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.
- Hair Wigs And Extensions Market - The global hair wigs and extensions market size was valued at USD 6.13 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.0% over the forecast period.
Beauty And Personal Care Products Market Segmentation
Grand View Research has segmented the global beauty and personal care products market based on type, product, distribution channel, and region:
- Beauty And Personal Care Products Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Conventional
- Organic
- Beauty and Personal Care Products Outlook (Revenue, USD Billion, 2017 - 2030)
- Skin Care
- Hair Care
- Color Cosmetics
- Fragrances
- Others
- Beauty and Personal Care Products Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)
- Hypermarkets Supermarkets
- Specialty Stores
- E-commerce
- Others
- Beauty And Personal Care Products Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa (MEA)
Key Companies profiled:
Some prominent players in the global Beauty And Personal Care Products market include
- Unilever
- The Estée Lauder Companies Inc.
- Shiseido Co., Ltd.
- Revlon
- Procter Gamble
- L'Oréal S.A.
- Coty Inc.
- Kao Corporation
- Avon Products, Inc.
- Oriflame Cosmetics S.A.
Order a free sample PDF of the Beauty And Personal Care Products Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
