Global Cosmetic Products Market 2024-2028
The cosmetic products market is forecasted to grow by USD 115.4 bn during 2023-2028, accelerating at a CAGR of 5.58% during the forecast period. The report on the cosmetic products market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in aging population, presence of premium brands, and rapid urbanization.
Technavio's cosmetic products market is segmented as below:
By Product
- Skincare products
- Haircare products
- Color cosmetics
- Fragrances and deodorants
By Distribution Channel
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing preference for organic cosmetics and cosmeceuticals as one of the prime reasons driving the cosmetic products market growth during the next few years. Also, increasing online retailing and revolutionizing the beauty industry with multifunctional cosmetics will lead to sizable demand in the market.
The report on the cosmetic products market covers the following areas:
- Cosmetic products market sizing
- Cosmetic products market forecast
- Cosmetic products market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cosmetic products market vendors that include Amorepacific Corp., Avon Products Inc., Beiersdorf AG, Chanel Ltd., Coty Inc., Johnson and Johnson Services Inc., Kao Corp., Kjaer Weis, Kose Corp., LOreal SA, LVMH Group., Mary Kay Inc., Natura and Co Holding SA, Nu Skin Enterprises Inc., Oriflame Cosmetics S.A., Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter and Gamble Co., and Unilever PLC. Also, the cosmetic products market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.