Global Cosmetic Serum Market 2024-2028
Technavio has been monitoring the cosmetic serum market and is forecast to grow by $ 1259.1 mn during 2023-2028, accelerating at a CAGR of 3.84% during the forecast period. Our report on the cosmetic serum 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 rising demand for male beauty products, introduction of brands owned and endorsed by celebrities, and increasing sales of luxury beauty products.
Technavio's cosmetic serum market is segmented as below:
By Distribution Channel
By Product
- Hair care serum
- Skin and sun care serum
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increase in the introduction of organic and natural products as one of the prime reasons driving the cosmetic serum market growth during the next few years. Also, increased adoption of sustainable manufacturing practices by vendors and increased demand for beauty and personal care products through online distribution channels will lead to sizable demand in the market.
Technavio 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. Our report on the cosmetic serum market covers the following areas:
- Cosmetic serum market sizing
- Cosmetic serum market forecast
- Cosmetic serum market industry analysis
Technavio's 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 serum market vendors that include Amka Products Pty Ltd., Amway Corp., The Avon Co., Beiersdorf AG, Chanel Ltd., Groupe Clarins, Coty Inc., Edgewell Personal Care Co., Henkel AG and Co. KGaA, Johnson and Johnson Services Inc., Kao Corp., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Markwins Beauty Brands Inc., Mary Kay Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter and Gamble Co., Unilever PLC, and ZYMO Cosmetics. Also, the cosmetic serum 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.