What is Online Beauty and Personal Care Products Market Scope?
The beauty and personal care products are used to enhance or change the appearance of the face, fragrance or the texture of the body. The online beauty and personal care products market is thriving these days owing to the increased online retail channels across the globe. The worldwide millennial are shifting towards the online purchase primarily due to the price sensitivity. The online retail channels are offering beauty and personal care products at a discounted rate as compared to offline channels. Moreover, the increased internet penetrations coupled with increasing smartphone users are also boosting the growth of the market. Additionally, the consumers mostly prefer online shopping as they get wider product portfolio, they can check reviews, prices, quality, and picture, among other factors.
Influencing Trend:
Mobile Shopping is growing, AI Helps Shops Learn About Shoppers and Big Data Plays a Big Part in Creating Personalized Experiences
Market Growth Drivers:
A Rise in Disposable Income of an Individual, Increasing Number of Millennial Shoppers Worldwide, Increasing Number of Online Retail Stores and Celebrity Endorsements Fueling the Growth of the Market
Restraints:
Most of the Consumers Still Prefer to Buy from Offline Channels
Opportunities:
The Emerging Demand from Asia Pacific Region
The Online Beauty and Personal Care Products market study is being classified by Type (Skin Care, Hair Care, Color Cosmetics, Fragrances, Oral Hygiene Products, Bath and Shower Products, Male Grooming Products, Deodorants, Baby and Child Care Products and Others), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States, France, and Chinese will contribute to the maximum growth of Global Online Beauty and Personal Care Products market throughout the predicted period.
L'Oréal S.A. (France), Unilever (United Kingdom), Procter & Gamble (United States), Estée Lauder Companies (United States), Shiseido (Japan), Philips (Netherland), Beiersdorf (Germany), Amore Pacific (South Korea), Avon (United Kingdom), Johnson & Johnson (United States) and Kao Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Chanel (France), LVMH (France), Coty (United States), Clarins (France), Natura Cosmeticos (Brazil), Revlon (United States), Pechoin (China), JALA Group (China), FLYCO (China) and Shanghai Jawha (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Online Beauty and Personal Care Products market by Type, Application and Region.
On the basis of geography, the market of Online Beauty and Personal Care Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 2 May 2019, Amorepacific Group, the largest global beauty company headquartered in Korea, announced the launch of Etude House in India. The brand is set to make its debut in the Indian market on April 30th exclusively through beauty retailer Nykaa. At present, Etude House has a market presence in more than 10 countries including the Middle East, East Asia and ASEAN markets.
On 18 Nov 2019, Coty Inc. and Kylie Jenner announced that they have entered into a long-term strategic partnership in order to jointly build and further develop Kylie’s existing beauty business into a global powerhouse brand. Together, Coty and Kylie will set and lead the strategic direction of the partnership, focusing on global expansion and entry into new beauty categories. Kylie and her team will continue to lead all creative efforts in terms of product and communications initiatives, building on her unrivalled global reach capabilities through social media.
Key Target Audience
Beauty & Personal Care Products Manufacturers, Beauty & Personal Care Products Raw Material Suppliers, Beauty & Personal Care Products Online Traders, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Online Beauty and Personal Care Products Market Study: Important Years
Attributes | Details |
---|
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Online Beauty and Personal Care Products Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Online Beauty and Personal Care Products industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.