Beauty and Personal Care Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026
Global Beauty and Personal Care
Market is
anticipated to reach the market valuation of US$ 684.9 billion by 2026
expanding at a reasonable CAGR of 4.67% in the course of the forecasted period
(2020-2026) from US$ 482.1 billion in 2018. The conception of beauty and
personal care has progressed tremendously due to a strong rise in digital and
social media influence. The desire to look good and feel good is raging more
than ever in people from all walks of life and the yardstick has just gone
higher. Beauty and personal care are no more restricted to basic hair care and skin care routines. It’s much more diversified and changing, hence providing a
great growth opportunity for the industry participants. A large part of the
business is growing due to the increase in the supply of salons and
professional artists and it has further led to growth in a number of consumers
preferring professionals for their beauty needs. Whereas consumers earlier
would shampoo and condition their hair at home, now they are keener to walk
into a salon and get more professional treatment for their hair and skin and
that fairly is driving the growth of the industry. From a demographic
perspective, the prime three factors driving this growth increasing disposable
income, more women coming into the workforce and the rising number of social
occasions.
For
Regional analysis of the overall sale of Beauty and Personal Care products
browse through - Beauty and Personal Care Market
Moreover, increasing investments by established players
along with numerous start-ups have remarkably scaled up the potential for the
industry, further leading a surge in demand for male grooming products such as
shower and shaving products, men face cream and deodorants advanced
technologies into their crop cultivation. However, unregulated beauty industry,
negative environmental impact due to inorganic beauty products along with high
costs of raw materials tend to restrict the growth trend of beauty and personal
care market. The boosting performance of beauty and personal care market
has also motivated the beauty industry to evaluate opportunities to collaborate
and enhance their investments in beauty and personal care industry. Established
FMCG players are introducing new product lines such as herbal, ayurvedic,
organic, etc. with a focus on the overall wellness. It has been observed that
the term beauty is very subjective and is defined differently by different
people. It is inclusive of numerous facts to it such as physical, social,
cultural, emotional. While the perceived experience of pleasure or satisfaction
is the common motive of all the facets. Thus, the beauty industry across the
globe is considered as a gamut of all those services and products which focus
on enhancing the aesthetics or appeal of an individual to make him/her look and
smell better. Salons, spas (rejuvenation) and aesthetic dermatology
constituting non-surgical procedures are three key segments of the beauty and
personal care industry.
Based on product category, the global
beauty and personal care market is fragmented into Color Cosmetics (Face
care, Lip care, Eyecare, Nail care and others), Skin Care (Face
care, Body care, Sun Protection, Baby & Child products), Personal
Care (Hair Care, Oral Care, Deodorants, Shaving Others (Showers &
Bath)), and Fragrances. Personal care products dominated the beauty
and personal care market in 2019, accounting for 43.5% share. Based on the
source, the global beauty and personal care market is segmented into organic
and inorganic. In 2019, the inorganic product segment generated revenue of US$
364.3 billion, however, demand for organic beauty and personal care products is
expected to witness the highest CAGR growth of 5.38% during the forecast period
(2020-2026). Based on product class the market is segmented into mass and
premium products. Mass products dominated the market with a 75.2% share in
2019. On the basis of the distribution channel, the market is segmented into
convenience stores, hypermarket/supermarket, pharmacies/drug stores, and online
retail channels. In 2019, the Pharmacies/Drug Stores segment generated revenue
of US$ 55.36 billion. However, online retail channels are poised to witness the
highest CAGR growth of 5.8% during the analyzed period.
For
Regional analysis of the overall developments in the Beauty and Personal Care
industry browse through –
Additionally, for better investigation and penetration of
the Global Beauty and Personal Care market, a
detailed analysis was conducted for different regions/countries across the
globe. Major region/county analyzed in the study includes North America
(US, Canada, Rest of North America), Europe (Germany, UK, France, Russia and
Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Thailand and Rest
of Asia-Pacific), MENA (UAE, Saudi Arabia and Rest of MENA) and Rest of the
World (Argentina, Brazil and Other). Asia-Pacific beauty and personal care
sector is expected to generate revenue of US$ 252.3 billion by 2026. Attributed to a solid increase in disposable income, rising
standards of people, along with growing expenditure of people on personal care
products specifically luxury items such as fragrances and color cosmetics has
catalyzed the demand for beauty and personal care products in the region. Some
of the major companies profiled in the global beauty and personal care market
are Loreal, P& G, Unilever, Colgate
Palmolive, Estee Lauder, Johnson & Johnson, Oriflame Cosmetic Pvt Ltd,
Coty, Revlon, Shiseido and Beiersdorf. These players have established their market presence over the decade in
the industry with major growth strategy including product launches, market
expansion, a partnership among others. The industry has also witnessed the
emergence of several start-ups over the past few years, majorly in the
Asia-Pacific and American regions.
Global Beauty and Personal Care Market
Segmentation
Market Insight, by Product Category
- Color Cosmetics Products
- Face Care
- Lip Care
- Eye Care
- Nails
- Others
- Skin Care Products
- Face Care
- Body Care
- Sun Protection
- Baby & Child
- Personal Care Products
- Hair Care
- Oral Care
- Deodorants
- Shaving
- Others (Showers & Bath)
- Fragrances Products
Market Insights, by Source
- Organic
- Inorganic
Market Insights, by Product Class
- Mass
- Premium
Market Insights, by Distribution Channel
- Convenience Stores
- Hypermarkets/Supermarkets
- Pharmacies/Drug Stores
- Online Retail Channels
Market Insight, by Region
- North America Beauty and Personal Care Market
- United States
- Canada
- Rest of North America
- Europe Beauty & Personal Care Market
- Germany
- United Kingdom
- France
- Russia
- Rest of Europe
- Asia-Pacific Beauty & Personal Care Market
- China
- Japan
- India
- Indonesia
- Thailand
- Rest of Asia-Pacific
- MENA Beauty & Personal Care Market
- United Arab Emirate
- Saudi Arabia
- Rest of MENA
- Rest of World Beauty & Personal Care Market
- Brazil
- Argentina
- Other Countries
Top Company Profiles
- Loreal
- P&G
- Unilever
- Colgate -Palmolive
- Estee Lauder
- Johnson & Johnson
- Coty
- Shiseido
- Beiersdorf
- Oriflame Cosmetics SA
- Revlon
Beauty and Personal Care Market can further be customized as per the
requirement or any other market segment. Besides this, UnivDatos Market Insights
(UMI) understands that you may have your own
business needs, hence feel free to connect with us to get a report that
completely suits your requirements.
Contact
Us
UnivDatos
Market Insights (UMI)
Email: sales@univdatos.com
Labels: Beauty and Personal Care Market, Beauty and Personal Care Market share, Beauty and Personal Care Market size, Cosmetics market, Personal Care Market
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