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Cosmetic Products Market 2020
Cosmetic products are an emerging market across the globe. Cosmetic products refer to the chemical products that are designed to enhance the physical appearance and beauty of the individuals. It can be a mixture of the chemical compounds that have been derived from natural sources, or it can be the product of artificial and synthetic derivatives. The cosmetic products are mostly manufactured by using the artificial sources. The cosmetic products also help in enhancing the texture of the skin.
The top players in global cosmetic products market include:
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)
Procter & Gamble Co. (U.S.)
Cosmetic products include all skincare, nail care, hair care, and other color cosmetic products. The increasing consciousness of individuals about their physical appearance is one of the leading market drivers of the global cosmetic products market. Rapid urbanization and the increase in the disposable income of the people further fuel the market growth across the globe. The growth of the aging populations increases the demand for cosmetic products that help in preventing the age spots, wrinkles, dry skin, and hair damages, thereby restoring the youthful look.
The increase in the demand for sophisticated and advanced cosmetic products is expected to propel the global market growth in the coming years. The easy availability of the products through e-commerce websites will further accelerate the growth of the market in the near future. The side effect of synthetic cosmetic products is one of the significant barriers that restrict market growth across the globe. The global cosmetic products market is estimated to witness an increase by a CAGR of nearly 5-7% during the forecast period.
The global cosmetic products market is broadly classified based on type, product category, distribution channel, and region.
Based on the type, the global market is segmented into skincare products, hair care products, deodorants and perfumes, makeup and color cosmetics, and other cosmetic products.
Depending on the product category, the global market of cosmetic products is divided into herbal, organic, alcohol-free, oil-free, cruelty-free, and other types. The demand for organic cosmetic products is anticipated to witness growth during the forecast period.
Based on the distribution channel, the global market is segmented into e-commerce sites, drug stores, specialty stores, supermarkets and hypermarkets, and cosmetic stores. The e-commerce distribution channel is expected to witness rapid growth in the coming years.
Based on the region, the global cosmetic products market is segmented into the Asia Pacific region, North America region, the Middle East and Africa region, South America region, and Europe region.
North America is expected to witness significant growth during the forecast period. The advancement in the living standard of the people accounts for the growth of the regional market. Asia Pacific region is also anticipated to register significant growth over the forecast period. The region of the Middle East and Africa is expected to witness rapid growth during the forecast period.
Top Industry News
The innovation of products and increase the supply of organic cosmetic products is the recent trend of the industry.
In September 2019, Sabbatical Beauty released a limited edition of skincare collection that is influenced by traditional Chinese medicine.
Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Cosmetic Products Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Cosmetic Products Market Analysis by Regions
5 North America Cosmetic Products by Country
6 Europe Cosmetic Products by Country
7 Asia-Pacific Cosmetic Products by Country
8 South America Cosmetic Products by Country
9 Middle East and Africa Cosmetic Products by Countries
10 Global Cosmetic Products Market Segment by Type
11 Global Cosmetic Products Market Segment by Application
12 Cosmetic Products Market Forecast (2019-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
List of Tables and Figures
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