The global cosmetics market size is expected to reach US$ 480.4 billion by 2030 from US$ 341.1 billion in 2020 and is expected to grow at an impressive double-digit rate of 5.1% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global cosmetics Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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Crucial factors accountable for market growth are:
- The surge in demand for organic cosmetics products.
- Promotion on the ecommerce platforms by the major market players.
- The rapid growth in consumers disposable income.
- Increasing demand for maintaining a presentable appeal.
- Rapid innovation of the cosmetics products by the multinational companies.
- Extensive marketing of the cosmetics products.
Scope of the Cosmetics Market
| Report Coverage | Details |
| Market Size in 2030 | USD 480.4 Billion |
| Growth Rate from 2021 to 2030 | CAGR of 5.1% |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Category Type, Gender Type, Distribution Channel |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
| Companies Profiled | Avon Products Inc., Unilever Plc., The Procter & Gamble Company, L’Oreal S.A., Revlon, Inc., Kao Corporation, Oriflame Cosmetics S.A., Shiseido Company Limited, Skin Food Co., Ltd., The Estee Lauder Companies Inc. |
Report Highlights
- The skin care segment, of the cosmetic market holds the largest market share and generates huge revenues. The awareness among the customers regarding a pleasant appeal has boosted the growth in demand for the skin care products.
- On the basis on gender, the women segment in terms of market share and is projected to grow with a significant CAGR during the forecast period.
- The rise in urbanization and surge in customers disposable income has facilitated the growth of cosmetics products.
- By Geography, Europe leads the cosmetics market by revenues share because of rise in use of anti-aging cosmetic products in this region.
Why should you invest in this report?
If you are aiming to enter the global cosmetics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for cosmetics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Market Dynamics
Driver
The rising consumer demand for various skin care products such as creams, lotions, peels and many others have significantly contributed towards the growth of the cosmetics market. Additionally, the surge in demand for anti-aging products, natural and organic beauty products is expected to drivethe growth of the cosmetics market.Furthermore, the rising consumer awareness and surge in customer disposable income is anticipated to fuel the growth of the cosmetics market.
Restraint
In the recent years, there has been a shift towards the organics and herbal products across the globe owing to the side effects from the use of the cosmetic products and this is expected to act as a major restraining factor that will hamper the growth of the cosmetics market. Moreover, with the evolution of technologies advanced beauty care treatments have been developed and this attribute has the potential to retrain the growth of the cosmetics market.
Opportunity
In the past decade, there have been a significant development of the ecommerce industry and the majority of sale of the cosmetics products takes place through these ecommerce platforms. Hence, the major players in the cosmetics market can utilize these ecommerce platforms to run an impressive marketing campaign in order to amplify their sales.
Challenges
A large number of customers have become cautious towards the side effects of extensively using the cosmetics products and therefore, desire to shift towards organic and herbal products. The major challenge among the players would be to rebuildthe trust among the customers regarding the safety of their cosmetic products in the long run by eradicating the side effects that may be caused by the extensive use of the cosmetic products.
Recent Developments
- In 17th September, 2021 Shiseido Company, Limited completed the construction of its Osaka Ibaraki Factory and West Japan Distribution Center in Ibaraki City, Osaka. This will help in building the supply chain base for the production and distribution of prestige skincare products.
- In 2nd August, 2021 London - Unilever announced today that, it has completed the acquisition of Paula’s Choice, the digital-led skin care brand. This will help in developing Unilever’s portfolio in the high growth premium skin care segment.
- In 23rd June, 2021 L’Oréal announces the creation of a new Europe Zone to be led by Vianney Derville. This organizational change has been designed to put in place the optimum conditions that will help in driving future growth.
The major market player includes Kao Corporation, Avon Products Inc., Oriflame Cosmetics S.A., Revlon, Inc., Shiseido Company Limited, Skin Food Co., Ltd., L’Oreal S.A., The Estee Lauder Companies Inc., The Procter & Gamble Company and Unilever Plc..
Market Segmentation:
By Category
- Skin & sun care products
- Hair care products
- Deodorants & fragrances
- Makeup & color cosmetics
By Gender
- Men
- Women
- Unisex
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty Stores
- Pharmacies
- Online sales channels
- Other
Regional Analysis:
The geographical analysis of the global cosmetics market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global cosmetics Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global cosmetics market in 2030?
- What is the expected CAGR for the cosmetics market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global cosmetics market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Cosmetics Market, By Category
7.1. Cosmetics Market, by Category Type, 2021-2030
7.1.1. Skin & sun care products
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Hair care products
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Deodorants & fragrances
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Makeup & color cosmetics
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Cosmetics Market, By Gender
8.1. Cosmetics Market, by Gender, 2021-2030
8.1.1. Men
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Women
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Unisex
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Cosmetics Market, By Distribution Channel
9.1. Cosmetics Market, by Distribution Channel, 2021-2030
9.1.1. Hypermarkets/Supermarkets
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Specialty Stores
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Pharmacies
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Online sales channels
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Cosmetics Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Category (2017-2030)
10.1.2. Market Revenue and Forecast, by Gender (2017-2030)
10.1.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Category (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Gender (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Category (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Gender (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Category (2017-2030)
10.2.2. Market Revenue and Forecast, by Gender (2017-2030)
10.2.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Category (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Gender (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Category (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Gender (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Category (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Gender (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Category (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Gender (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Category (2017-2030)
10.3.2. Market Revenue and Forecast, by Gender (2017-2030)
10.3.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Category (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Gender (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Category (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Gender (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Category (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Gender (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Category (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Gender (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Category (2017-2030)
10.4.2. Market Revenue and Forecast, by Gender (2017-2030)
10.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Category (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Gender (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Category (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Gender (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Category (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Gender (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Category (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Gender (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Category (2017-2030)
10.5.2. Market Revenue and Forecast, by Gender (2017-2030)
10.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Category (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Gender (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Category (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Gender (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 11. Company Profiles
11.1. Avon Products Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Kao Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. L’Oreal S.A.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Oriflame Cosmetics S.A.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Revlon, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Shiseido Company Limited
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Skin Food Co., Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. The Estee Lauder Companies Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. The Procter & Gamble Company
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Unilever Plc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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