Progressive Markets published a report, Cosmetics Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025, which says that the global cosmetics industry was valued at $315,383.70 million in 2014 and is likely to garner $471549.7 million in 2025, growing at a CAGR of 4.16% during the forecast period, 2018-2025.
Cosmetics are products often prepared with chemicals, which are either synthetics or derived from natural sources. They are used for beautifying or altering the various aspects of a human body such as skin, hair, eyes, lips, nails, etc. The different forms of cosmetics include foundations, mascaras, eyeliners, lipsticks, skin lotions, nail paints, skin creams, soaps, shaving creams, shampoos, conditioners, hair gels, hair colors, cleansers, perfumes, deodorants, and more.
Market Drivers and Restraints:
The report offers an analysis of the drivers and restraints impacting the cosmetics market growth. The market is growing by leaps and bounds with several factors playing a role in it. They include a change in lifestyles of consumers, increase in their disposable incomes across the world, the growth in global economies, the growing demand for skin and sun care products due to varying climatic conditions, and the attractive packaging styles for cosmetics. Moreover, consumers shift of preference towards natural and organic beauty products encourage the growth of the cosmetics industry. The growing demands for natural, herbal, and organic beauty products bring opportunities for manufacturers to develop new products in accordance with consumer needs. Nonetheless, advanced beauty treatments and the increasing awareness of probable side effects of cosmetics limit the market growth.
The report offers a detailed analysis of the cosmetics market based on its classification. The market is segmented by category, mode of sale, gender, and geography. Based on category, the cosmetics market is divided into skin and sun care products, hair care products, deodorants, makeup and color cosmetics, and fragrances. By mode of sale, the cosmetics industry is bifurcated into retail sale and online sale. Based on gender, the market is classified into men and women. Based on geography, the market is analyzed across the regions such as North America, Europe, Asia-Pacific, and LAMEA.
Key Market Players:
The global cosmetics market report discusses the major players providing solutions in the industry. They adopt various marketing strategies to survive in the market and expand their reach worldwide. They include Loral International, Avon Products, Inc., The Procter & Gamble Company, Unilever PLC, Oriflame Cosmetics S.A., Revlon, Inc., Kao Corporation, The Estee Lauder Companies Inc., Shiseido Company Limited, and Skin Food.
Key Benefits of the Report:
The cosmetics industry analysis report offers a thorough analysis of the market. It incorporates the cosmetics industry overview, cosmetics market size, cosmetics industry market share analysis, market dynamics, research methodology, key segments, market players, Porters Five Forces analysis, cosmetics industry trends, and profiles of major competitors. An extensive primary and secondary research methodology has been used to gather and validate the data in the study. The cosmetics industry statistics and graphs add further clarity to the data in the report. The market size helps market players and new entrants in strategic market planning. The cosmetics market share helps analyze how the players in the industry are performing as compared to their competitors. The Porters Five Forces Analysis includes the five forces that analyze the level of competition within the global cosmetics industry. It includes the bargaining power of buyers and suppliers, threat of new entrants, threat from substitutes, and industry rivalry. The market dynamics help understand the factors that make the market grow or slow down. The cosmetics industry forecast (2018-2025) provided in the report is based on the past and current market trends. The cosmetics market analysis report includes the historic market size from 2014 - 2017 for every segment and region mentioned. The report also divulges details about the leading industry players operating in the market. Such information assists players, new entrants, and investors gain insights into the overall competitive environment and plan their business ventures accordingly to stand out in the market. The market studied across several regions helps in identifying the opportunities offered by the industry.