Market Synopsis of Cosmetic Products:
Cosmetic products are defined as personal care products which are applied to protect the skin as well as to enhance the beauty. Cosmetic products gives youthful look by imparting anti-ageing properties which helps to protect the skin as well as nourishes it. The product majorly is categorized into several types depending on the area of application of cosmetic products. Face and skin products segment in the cosmetic market is experiencing a surge based on increasing awareness about maintain skin care routine. Cosmetic Products are available all across the globe in a huge variety to choose from. Increasing beauty consciousness amongst the consumers in supporting the sale of cosmetic products globally.
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Increasing demands for cosmetic products is backed up by increasing awareness about personal care products. Rapid urbanization has led to causing pollution in various cities which has increased the demand for skin care products and cosmetics on a global level. High demands for unique beauty products is influencing the growth of cosmetic products market on a global level. Advancement in technologies in the beauty and fashion sector has supported in fueling up the market share by bringing innovations in the cosmetic product line. The increasing beauty consciousness amongst the population of women also has a positive impact on the cosmetic products market
Skin Care Products is evaluated to grow at higher rate based on increasing fashion sense amongst the female population. Based on the product-category, the share held by herbal cosmetic is found to escalate due to rising demand for plant based natural cosmetic products. E-commerce is found to be the hub for the sale of cosmetic products backed up by the hectic life-style of present women population and ease of ordering the product.
Cosmetic products has been segmented on the basis of Type which comprises Skin Care Products, Hair Care products, Makeup & Color Cosmetics, Deodorants & Perfumes, Others. Skin Care segment is found to hold a major share due to high consumer’s preference.
Cosmetic products has been segmented on the basis of Product-Category which involves Organic, Herbal, Oil-Free, Alcohol-Free, Cruelty-Free, Others. Herbal cosmetics hold a major share with the increasing sale of natural plant based cosmetic products.
Cosmetic products has been segmented on the basis of distribution channel which comprises Supermarket/hypermarket, Specialty stores, Cosmetic stores, E-commerce, others. Sale through E-commerce is growing at a higher growth rate backed up by the advancements in technology.
The key players profiled in the global cosmetic products market are L’Oréal S.A. (France), Avon Products, Inc (U.S.), The Estée Lauder Companies Inc. (U.S.), Oriflame Holding AG (Switzerland), Beiersdorf AG (Germany), Kao Corporation (Japan), Unilever (U.K.), Procter & Gamble Co. (U.S.)
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- Cosmetic Products Manufacturers
- Beauty Products Manufacturers
- Personal Care Products Manufacturers
- Retailers and Wholesalers
- Traders, Importers and Exporters
- The share held by makeup and color cosmetics is found to be growing at a higher rate
- Top exporters of cosmetic products include U.S., France, Korea, Germany and Singapore
The Global Cosmetic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America has the major market share followed by Europe. Developing economy has led to increase in disposable income due to which North America is projected to generate a high revenue during the given forecast period. Urbanization leading to changing fashion sense will support the sale of cosmetic products in Asia-Pacific region during the forecast period. The Major importers of cosmetic products include U.S., China, Hong Kong, U.K. and Germany. Based on the rising demands for variety of cosmetic products, the import and export in the developed countries is found to rise at a steady growth rate.
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