Uploaded on Nov 2, 2023
Cosmetics Market Expected to Reach $463.5 Billion by 2027—Allied Market Research
Cosmetics Market
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Cosmetics Market
According to a new report published by Allied Market Research, titled, “
cosmetics market by category, gender and distribution channel: opportunity analysis
and industry forecast, 2021–2027,” the global cosmetics market size was valued at
$380.2 billion in 2019, and is projected to reach $463.5 billion by 2027, registering a
CAGR of 5.3% from 2021 to 2027.
Convergence of advancements, beauty, and lifestyle propels growth of the cosmetics
market. Moreover, the cosmetics market across the globe has witnessed continuous
and sustained growth over years, owing to rise in beauty-conscious female population.
Several other factors such as increase in female labor force, rise in awareness
regarding maintaining prolonged beauty, and change in lifestyle have significantly
contributed toward growth of the cosmetics market trends.
Furthermore, demand for herbal and natural cosmetics products is anticipated to
increase at a substantial rate during the forecast period. In addition, brands such as
the Himalaya Drug Company, Patanjali Ayurved Limited, and Hindustan Unilever
Limited are indulged in producing herbal and natural cosmetics products. Hence, rise
in awareness regarding fashion and natural skin products significantly propel the
cosmetics market growth.
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Cosmetics Market
A wide range of cosmetics products are available in the market for deeply nourishing
skin such as lotions, creams, deodorants, hair care, and essential oils. In addition, rise
in consciousness about personal well-being and appearance has increased among
men, which drives sales of cosmetics products. Moreover, owing to hectic lifestyle and
varying climatic conditions, men are also adopting skin care, sun care, and hair care
products. Thus, cosmetics products help in treating and provides prevention from rack
and dry & dull skin, which boosts their demand globally.
Moreover, owing to the outbreak of the COVID-19 pandemic, manufacturers have
increased social media advertisement for using herbal skin care products to reach a
large consumer base. However, implementation of lockdown and curfew practices
globally has affected domestic as well as international production of skin care
products, which, in turn, hampers growth of the overall market. Thus, the outbreak of
COVID-19 has negatively impacted the cosmetics market in 2020, as sales of companies
have reduced and operations have been halted.
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Cosmetics Market
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Frontrunners in the industry-
• Avon Products Inc.,
• Kao Corporation,
• L’Oreal S.A.,
• Oriflame Cosmetics S.A.,
• Revlon, Inc.,
• Shiseido Company Limited,
• Skin Food Co., Ltd.,
• The Estee Lauder Companies Inc.,
• The Procter & Gamble Company and Unilever Plc.
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Cosmetics Market
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https://www.alliedmarketresearch.com/checkout-final/f0396fce26953e4a85944213
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Key findings of the study
• By category, the skin and sun care segment dominated the global market in 2019,
and is expected to retain its dominance throughout the cosmetics market forecast
period.
• By gender, the women segment led the global cosmetics market demand in 2019,
and is expected to retain its dominance throughout the forecast period.
• By distribution channel, the hypermarket/supermarket segment dominated the
global market in 2019, and is expected to retain its dominance throughout the
forecast period.
• By region, Asia-Pacific accounted for highest cosmetics market share in 2019, and is
expected to grow at a CAGR of 6.5%.
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Cosmetics Market
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied
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We are in professional corporate relations with various companies and this helps us in digging out market
data that helps us generate accurate research data tables and confirms utmost accuracy in our market
forecasting. Each and every data presented in the reports published by us is extracted through primary
interviews with top officials from leading companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and discussion with knowledgeable professionals and
analysts in the industry.
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Cosmetics Market
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