NEW YORK, March 1, 2022 /PRNewswire/ — According to Zion Market Research, The cosmetics industry generated a turnover of approximately US$383.01 billion in 2020 and should generate sales of nearly US$473.21 billion by 2028. Additionally, the cosmetics market is expected to register a CAGR of nearly 5.5% in 2021-2028.
Growth of cosmetics market over the forecast period may be due to a growing awareness of outward beauty among the adult, young and aging population. In addition to this, the increasing tendency of the working population to be beautiful, lively and vigorous is expected to create new growth avenues for the cosmetics market over the assessment period. The need for light makeup for staff and working professionals to make an effective client presentation at conferences and seminars as well as symposiums will drive the cosmetics market growth over the forecast period. The increase in product branding events and celebrity cosmetic product advertising as well as the increase in cosmetic product promotional activities on social media, newspapers, smartphones, the web, billboards and television will lead to an increase in market revenue over the coming years. Product innovations and demand for organic or natural cosmetics will provide impetus for the growth of the cosmetics industry over the forecast period.
The skin care products segment will dominate the product landscape by 2028:
The growth of the skin care products segment over the forecast period can be attributed to the rising popularity of skin care products among young people, adults and the elderly. Rising beauty awareness among people will drive the demand for skin care products in the coming years.
The supermarket segment will mainly count in the global market size over the period 202-2028:
The segmental growth over the forecasted period is expected to be driven by the easy availability of cosmetic products in supermarkets. Rising urbanization, increase in supermarket footfall by the working population, and new deals and discounts offered by supermarkets on cosmetic products are expected to prove beneficial for the growth of the segment in the coming years. Competitive pricing has also boosted the popularity of supermarkets or hypermarkets in emerging economies as well as in developed countries.
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Asia-Pacific Cosmetics Market to Register Highest CAGR 2021-2028:
The marked growth of the regional market can be attributed to technological breakthroughs, economic development, increasing consumer purchasing power and changing fashion trends in the subcontinent. Rising urban population, beauty consciousness among youth and awareness for personal appearance enhancement are expected to define the growth of the cosmetics market in Asia Pacific zoned.
Report Scope:
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The global cosmetics market is segmented as follows:
Cosmetics Market: By Outlook Application (2021-2028)
- Lips
- The eyes
- Eyebrows
- Nails
- Face
Cosmetics Market: Outlook by Distribution Channel (2021-2028)
- Supermarkets
- Departmental stores
- In line
- Beauty salons
- Specialty stores
- Direct sale
- Pharmacy
Cosmetic products market: outlook by product (2021-2028)
- skin care products
- Hair care products
- Cosmetic Color
- Perfumes
- Personal care products
- Oral care products
Cosmetics Market: By Outlook Form (2021-2028)
- Solutions
- Creams
- lotions
- Ointments
- pendant lights
- Tablets
- Powders
- capsules
- The sticks
- Aerosols
Cosmetics Market: Outlook by Region (2021-2028)
North America
Europe
- France
- Great Britain
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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List of the main players in the cosmetics market:
- The Procter & Gamble Company
- Alticor
- Revlon inc.
- Avon Products Inc.
- Oriflame Holding SA
- Beiersdorf AG
- Yves Rocher
- Shiseido Company Limited
- Kao Corp.
- Estee Lauder Companies Inc.
- Unilever APIs
- Mary Kay Inc.
- L’Oreal SA
- Others.
Answers to key questions in this report:
- What is the growth rate forecast and market size for the cosmetics market?
- What are the key factors propelling the cosmetics market forward?
- Who are the most prominent companies in the Cosmetic Products market?
- What segments does the cosmetics market cover?
- How can I receive a free copy of the Cosmetics Market report sample and company profiles?
Press release for the cosmetics market: https://www.zionmarketresearch.com/news/cosmetic-products-market
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- Refrigerated vehicle market: The world market for refrigerated vehicles represented $12.6 billion in 2020 and is expected to reach $19.7 billion by 2028, growing at a CAGR of around 5.4% between 2021 and 2028.
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