Beauty Personal Care Products Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Beauty Personal Care Products Market size was estimated at USD 513.7 billion in 2023 and is projected to reach USD 830.2 billion in 2030 at a CAGR of 6.9% during the forecast period 2024-2030.
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The beauty and personal care products market has seen substantial growth, particularly among millennials who increasingly incorporate skincare, color cosmetics, and hair care into their daily grooming routines. The surge in popularity of cosmetics made with natural, non-toxic, and organic ingredients has significantly bolstered market expansion.
A notable trend within this market is the rising interest from male consumers in skincare and grooming products aimed at improving their physical appearance and maintaining healthier skin. This demographic shift presents promising growth opportunities.
Key Findings:
- On the basis of type, the organic beauty and personal care products segment is set to significantly boost the overall market by addressing consumer concerns about safety, sustainability, and environmental impact.
- On the basis of Product, the Product segments are integral to the growth of the beauty and personal care products market, driven by consumer preferences for natural and effective solutions.
- On the basis of Distribution Channel, the distribution channels of specialty stores, supermarkets/hypermarkets, and e-commerce platforms play crucial roles in driving growth within the beauty and personal care products market.
North America to Dominate the Market
North America held the largest Beauty Personal Care Products Market due to several key factors. The region benefits from a consumer base with high awareness and disposable income, fostering a robust beauty industry. Its well-developed infrastructure includes extensive retail networks, salons, and e-commerce platforms, ensuring widespread access to beauty products.
Competitive Landscape
- L’oreal Group
- Unilever
- Beiersdorf AG
- Mary Kay
- Avon
- Kao Corporation
- Revlon
- The Estée Lauder Companies
- L’occitane International S.A
- Procter Gamble
- Coty Inc
- Sally Beauty Holdings Inc
- LVMH Moet Hennessy Louis Vuitton SA and More
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Recent Developments
- In September 2022, L’Oréal Groupe has committed to a minority investment in Shinehigh Innovation, a pioneering biotech company located in China. This move aims to establish a lasting partnership focused on developing innovative and environmentally sustainable beauty solutions together.
- In February 2023, Shiseido Co., Ltd., partnered with Shoppers Stop Ltd.'s Global SS Beauty Brands to launch its makeup brand, NARS Cosmetics, in the Indian market. The strategic initiative involves opening 14 stores in New Delhi and Mumbai by 2023 and promoting NARS products through Sephora outlets.
The Beauty Personal Care Products Market is segmented into various segments such as Type, Product, Distribution Channel, and Region:
Based on Type
- Conventional
- Organic
Based on the Product
- Skin Care
- Hair Care
- Color Cosmetics
- Fragrance
Based on the Distribution Channel
- Hypermarkets Supermarkets
- Specialty Stores
- E-Commerce
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In addition to the market data for the Beauty Personal Care Products Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Key Features of Global Market Report:
- Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
- Identify growth opportunities for stakeholders by pinpointing high-growth segments.
- Study global industries status and forecast, focusing on key regions.
- Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
- Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
- Assist in making strategic business decisions and investment plans.
Frequently Asked Questions
- What are the years considered to study Beauty Personal Care Products Market intelligence report?
- What is the compound annual growth rate (CAGR) of the Beauty Personal Care Products Market?
- Which region holds the largest market share in Beauty Personal Care Products Market?
- Which region is the fastest growing in Beauty Personal Care Products Market?
- Who are the major players in Beauty Personal Care Products Market?
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
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