Global Current Cosmetic Market Market Overview:
Cosmetic, any of several preparation that are applied to the human body for beautifying, preserving or altering the appearance or for cleansing, colouring, conditioning or protection the skin, hairs, nails, lips, eyes, or teeth. Cosmetics are pharmaceutical product that are used for improving skin appearance and body odor. These products are available in various forms such as lotions, cream, powder and gel. Generally, consumer prefer to choose cosmetics that have less harmful effect on their skin. Cosmeceuticals is the combination of a topical cosmetic and a pharmaceutical that is used for enhancing beauty through ingredient that have biological function related to the skin. The topical cosmetic, which contain antioxidant, is used to protect human skin against the damage caused by ultraviolet radiation and by free radicals.
As per latest study released by AMA Research, the Global Current Cosmetic Market market is expected to see growth rate of 5.0% and may see market size of USD417240.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Grow demand in natural and vegan cosmetics., Rise of social commerce in cosmetics. and Beauty brand increasingly adopting immersive technology such as AI & VR.
Market Growth Drivers:
Growing demand for organic personal care and cosmetic product., Rise in health conscious and wellness among consumers. and Adoption of premium cosmetics is an increased awareness of premium ingredient.
Challenges:
Increased cost performance to fight with the threat of new entrant.
Restraints:
Stringent regulation pertaining to the use of certain pigment., Lack of time for self-care. and Lack of information about beauty treatment.
Opportunities:
Consumer interest in eco-friendly and sustainable product in skin care. and Increasing developments in sustainable cosmetics.
Competitive Landscape:
Cosmetic is a fragmented market due to the presence of several regional and international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are L’oreal (France), Estee Lauder (United States), Gillette (United States), Nivea (Germany), Guerlain (France), Clinique (United States), Dove (United Kingdom), Pantene (United States), Lancome (United States), Garnier (France), Coty (United States), Natura & Co (United States), Shiseido (Japan) and Valentino (Italy). Additionally, following companies can also be profiled that are part of our coverage like Modiface (Canada), Coherus Biosciences (United States), Cipla Limited (India) and Others. Analyst at AMA Research see United States Vendors to retain maximum share of Global Current Cosmetic Market market by 2028. Considering Market by End Users, the sub-segment i.e. Male will boost the Current Cosmetic Market market. Considering Market by Category, the sub-segment i.e. Skin & Sun care product will boost the Current Cosmetic Market market. Considering Market by Disturbution Channel, the sub-segment i.e. Online Sale Channels will boost the Current Cosmetic Market market.
Latest Market Insights:
In August 2023, L’Oréal acquire Aesop, distinctive luxury beauty brand with its unique combination of urbanity, hedonism and undeniable luxury. Aesop all the best for the next chapter as a part of L’Oréal group.
In September 2023, L’Oréal expand the operations in India, enters dermocosmetic market. L’Oréal Managing Director Assem Kaushik said the entry is significant for India where the ration of dermatologist to consumers is one of the lowest in the world. (0.7 dermatologist for every 1000 people)
What Can be Explored with the Current Cosmetic Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Current Cosmetic Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Current Cosmetic Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Current Cosmetic Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Current Cosmetic Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.