Market Snapshot:
Beauty care products industry is composed of hair care, bath products, skin care, cosmetics and personal care. The sector is driven due to rising income, rapid urbanisation, and promotions with the help of celebrity. This industry accounts for the country’s fast-moving consumer goods (FMCG), which is the term for Consumer Packaged Goods. The market of the beauty care products is increasing due to the growing anti ageing treatment, moreover the grooming products for man is also increasing due to the rising beauty care habit by themThe research analyst at AMA estimates Beauty Care Products market to grow at a compounded annual growth rate of 7.1%
Segment Analysis
AMA Research have segmented the market of Global Beauty Care Products market by Type, Application and Region. On the basis of Type, Makeup & Color Cosmetic Products are dominating the market in the year 2021
On the basis of geography, the market of Beauty 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 Trend
Significant demand for multifunctional products and Rising preference for natural and organic personal care (NOPC) products
Market Drivers
Rising adoption and implementation of Augmented Reality in the beauty industry, Growing demand for anti-aging products, Innovative and eco-friendly packaging designs and Growing demand for men’s grooming products
Opportunities
E-commerce channel influencing sales, High growth potential from emerging economies and Collaboration of leading player with the healthcare industry
Restraints
- Possibility of the presence of harmful chemical ingredients in cosmetic products hampers customer behavior
- Stringent government rules and regulation
In addition to the aforementioned factor, Rising adoption and implementation of Augmented Reality in the beauty industry
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are L’oreal Group (France), Procter & Gamble (United States), Beiersdorf AG (Germany), Avon Products Inc (United Kingdom), Unilever (United Kingdom), The Estée Lauder Companies Inc (United States), Shiseido (Japan), Kao Corp (Japan), Revlon Inc (United States) and Mary Kay Inc (United States). A lot of United States and Japanese players are profiled in the research study indicating a strong market dependence.