Beauty & Personal Care Products Market Anticipated To Attain Around Worth $716.6 Billion By 2025: Grand View Research,Inc.

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According to report published by Grand View Research,Growing preference for natural and organic personal care (NOPC) products, increasing adoption of Augmented Reality (AR) in the beauty industry, growing demand for anti – aging products, and increasing popularity of men’s grooming products are some of the key factors that are expected to drive the beauty and personal care products market over the forecast period.

According to a report ,Beauty and Personal Care Products Market Analysis Report By Product (Makeup & Cosmetics, Skin Care, Hair Care), By Distribution Channel, By Type (Vegan, Organic, Inorganic), And Segment Forecasts, 2018 – 2025″ published by Grand View Research, Inc., The global beauty and personal care products market size is anticipated to reach USD 716.6 billion by 2025, registering a CAGR of 5.9% during the forecast period. Growing preference for natural and organic personal care (NOPC) products, increasing adoption of Augmented Reality (AR) in the beauty industry, growing demand for anti – aging products, and increasing popularity of men’s grooming products are some of the key factors that are expected to drive the market over the forecast period.

Key Takeaways from the report:

  • The demand for the beauty and personal care products market is expected to increase owing to rising aging population and growing consciousness to maintain youthful skin and a good appearance. The skin care/sun care segment is expected to register the highest CAGR of 6.2% over the forecast period

  • The U.S., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization

  • The key players in this market include Avon Products, Inc.; Beiersdorf AG; Coty Inc.; Kao Corporation; L’occitane International S.A.; L’Oréal Group; Procter & Gamble; Mary Kay Inc.; Shiseido Company, Limited; Unilever Revlon, Inc.; and The Estée Lauder Companies Inc.

North America beauty and personal care products market size, by product, 2014 - 2025 (USD Billion)

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Beauty and personal care products market share, by type, 2017 (%)

AR uses face and skin – mapping technology to show how products would look on individual consumers before they purchase them. Thus, they need not visit a physical store nor try the products on, thus saving time and making purchase process more convenient.

Growing awareness about health, wellness, and personal grooming and appearance among men is projected to account for a rise in the demand for men’s grooming products. This, in turn, is expected to boost the growth of the market over the forecast period. A variety of men’s toiletries are now available in the market, such as deodorants, hair care, and skin care products, and bath and shower products. Furthermore, the skin care/sun care product segment expanded at a moderate CAGR from 2014 to 2017 owing to increasing aging population and growing awareness about advantages of using anti – aging products.

The Asia Pacific market accounted for the largest share of the market in 2017. It is expected to witness a significant gain in revenue share over the forecast period on account of its large population and the popularity of the e – commerce distribution channel across various industries in this region. Additionally, Japan, China, and India are expected to be the key contributors to the growth of the organic products segment in the region over the forecast period.

Grand View Research has segmented the global beauty and personal care products market on the basis of product, distribution channel, type, and region.

Beauty and Personal Care Product Outlook (Revenue, USD Billion; 2014 – 2025)

  • Skin Care/Sun Care

  • Hair Care

  • Makeup & Color Cosmetic Products

  • Deodorants/Fragrances

  • Others

Beauty and Personal Care Products Distribution Channel Outlook (Revenue, USD Billion; 2014 – 2025)

  • Direct Selling

  • Hypermarkets & Retail Chains

  • E – commerce

  • Specialty Stores

  • Others

Beauty and Personal Care Products Type Outlook (Revenue, USD Billion; 2014 – 2025)

  • Vegan

  • Organic

  • Inorganic

Beauty and Personal Care Products Regional Outlook (Revenue, USD Billion; 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

    • Columbia

  • Middle East & Africa (MEA)

    • South Africa

    • Saudi Arabia

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/

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