Global Beauty & Personal Care Market Forecast 2023-2032

Global Beauty & Personal Care Market Forecast 2023-2032

KEY FINDINGS

The global beauty & personal care market is projected to rise with a CAGR of 3.13% during the forecast period of 2023 to 2032. The market’s growth is reinforced by key factors, such as the increasing demand for anti-aging products, the surging awareness of children’s oral hygiene, and higher sales due to the rise in e-commerce.

MARKET INSIGHTS

The global beauty & personal care market offers a diverse range of products, such as color cosmetics, skin care products, bath & shower products, deodorants, hair care products, male toiletries, sun care products, and oral care products.

Anti-aging products such as face creams, serums, anti-wrinkle creams, eye creams, and others observe high demand across the globe. Moreover, the rising awareness about pollution, as well as hard water conditions, further contributes to customer demands. Nearly 80% of consumers in the United Kingdom are aware of how lifestyle pressures impact the skin and, as a result, are more likely to spend on skincare treatments when younger. Therefore, the increasing demand for anti-aging products is anticipated to play an essential role in augmenting the global beauty & personal care market growth during the forecasted period.

REGIONAL INSIGHTS

The global beauty & personal care market growth is evaluated through an in-depth assessment of the Asia-Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia-Pacific is expected to be the leading market for beauty & personal care globally, owing to the rapidly developing retailing division in developing countries and the surging awareness about environmental pollution.

COMPETITIVE INSIGHTS

The competition among players, in order to sustain their position as well as maintain customer loyalty, is considerably high. Therefore, the degree of rivalry in the global beauty & personal care market is estimated to be intense over the forecast years. Some of the leading players operating in the market include Unilever PLC, Shiseido Company Limited, Johnson & Johnson, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments