Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4418
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Market Overview:

The global cosmetics market size reached US$ 379.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 523.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Cosmetics are beauty preparations made using a mixture of synthetic chemical compounds for cleansing, beautifying, and promoting the overall health of the skin. It includes soaps, perfumes, lipsticks, shampoos, deodorants, toothpaste, hair colors, skin moisturizers, shaving creams, and nail polishes. It also comprises functional cosmetics that focus on resolving a particular skin concern like skin whitening, minimizing the appearance of fine lines and wrinkles, and offering protection against ultraviolet (UV) rays. Presently, the growing prevalence of skin-related complications is influencing the demand for cosmetics worldwide.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Global Cosmetics Market Trends:

Rising beauty consciousness among individuals, in confluence with the growing preference for customized cosmetic products, represents one of the significant factors bolstering the market growth. Moreover, due to the growing influence of social media, rapid urbanization and increasing per capita income, individuals are willing to spend on new, unique, and premium products. This, along with the burgeoning e-commerce sector, is providing lucrative opportunities to manufacturers for expanding their product portfolio and consumer base. Apart from this, a significant increase in the geriatric population and a rising focus on maintaining a youthful appearance is also contributing to market growth. Furthermore, the increasing adoption of the vegan lifestyle and the growing health concerns about the negative impact of petroleum-based ingredients are driving the demand for vegan cosmetics. Vegan cosmetics are organic beauty products made using plant-based extracts and environmental-friendly derivatives. In confluence with this, several brands are collaborating with dermatologists for optimal cosmetics products, which is anticipated to fuel the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cosmetics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, category, gender and distribution channel.

Breakup by Product Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Skin and Sun Care Products
  • Hair Care Products
  • Deodorants and Fragrances
  • Makeup and Color Cosmetics
  • Others
     

Breakup by Category:

  • Conventional
  • Organic
     

Breakup by Gender:

  • Men
  • Women
  • Unisex
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Pharmacies
  • Online Stores
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amway Corp, Avon Products Inc., Beiersdorf AG, Henkel AG & Co. KGaA, Kao Corporation, L'Oréal S.A., Oriflame Cosmetics AG, Procter & Gamble Company, Revlon Inc. (MacAndrews & Forbes Incorporated), Shiseido Company Limited, Skinfood Co. Ltd., The Estée Lauder Companies Inc., and Unilever plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Category, Gender, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amway Corp, Avon Products Inc., Beiersdorf AG, Henkel AG & Co. KGaA, Kao Corporation, L'Oréal S.A., Oriflame Cosmetics AG, Procter & Gamble Company, Revlon Inc. (MacAndrews & Forbes Incorporated), Shiseido Company Limited, Skinfood Co. Ltd., The Estée Lauder Companies Inc., and Unilever plc
Customization Scope 10% Free Customization
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Corporate License: 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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