- Cosmetic Products Market is projected to grow at a CAGR over 5.4%.
- The Global Cosmetic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW).
- U.S., China, Hong Kong, U.K. and Germany are the major importers of cosmetic products.
Globally the Cosmetic Products Market share as skin protector and beauty enhancers is estimated to escalate at a higher growth rate which is supported by the rising fashion sense amongst the population. The high demand for unique beauty products are supporting the sale of various newly launched cosmetic products in the market. Developing economy of various regions are fueling up the market demand for cosmetic products.
The demand for natural cosmetic products is supporting the sale of herbal cosmetic products as they tend to be harmless to the skin and have no or less side effects. With the rise in animal care awareness and protests against their slaughter for personal use is fueling up the demand for cruelty-free cosmetics on a global level. The busy life-style in today’s scenario and advancement in technology has increased the sale of cosmetic products through E-commerce channels.
Growing economy and increasing fashion awareness via various means such as fashion magazines, fashion channels and others has influenced the growth of cosmetic products share in the market. Changing lifestyle of the consumers in the developed countries is having a positive impact on the growth of its market. Key Players are following strategies of merger and acquisition of small players due to high demand of the product. Product innovation is the major focus for the cosmetic products manufacturers. U.S. and Germany are amongst the major key players exporting cosmetic products to various countries in Europe and other regions.
Global Cosmetic Products market is segmented by Type, Product-Category, Distribution Channel and Region
This report includes a study of strategies such as mergers and acquisitions, product launches by the major Cosmetic Products market players. It further includes product portfolios, developments of leading major players which includes
- 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.)
Cosmetic products manufacturers across various regions follow the strategy of improving their existing product line by adding innovations to their products to expand their business. This is one of the major factors due to which the demand of cosmetic products is experiencing a surge. In the North America region, U.S. is amongst the dominating countries holding a major share in cosmetic products market and exports the product in various other countries which include China, Canada, Mexico, Australia, Netherlands and others.
The Global Cosmetic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America region has the major market share followed by Europe. However, based on a potential application in fashion sector, cosmetic products have gained popularity in various other regions. U.S., China, Hong Kong, U.K. and Germany are considered the major importers of cosmetic products.