Furthermore, an increased influx of tourists has boosted cosmetic sales in the country. As ofAsia and Oceania was the industry leaderaccounting for approximately 40 percent of the global market.
Skin care has been forecast to remain the most profitable product categoryas its market value is projected to grow by Overall sales are affected in the event of an economic downturn. The scope of the report is limited to various products, like hair care, Global cosmetic industries care, oral care, color Global cosmetic industries, fragrances, soaps and shower gels, and sun care products.
Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. The life expectancy for women is predicted to rise from The market leader was also one of the leading companies in cosmetic innovationregistering a total of patents in Notably, the share of elderly people for cosmetic products is on rise.
Beauty vloggers and other independent content creators in fact produce the majority of conversations and social media buzz surrounding beauty brands on YouTube - Cosmetics products have witnessed prominent adoption in developed regions owing to swift change in consumer lifestyle and increase in disposable income.
Strong desire among men and women to retain youthful appearances has groomed and nurtured the cosmetics industry, worldwide. Rapidly aging demographics has led to a robust demand for anti-aging products in order to prevent wrinkles, age spots, dry skin, uneven skin tone, and even hair damages, creating room for new innovations in cosmetics, thus boosting the industry growth.
This center is said to be used to evaluate raw materials using resources, such as gas and liquid chromatography, as well as in-process and end product samples. September - Unilever acquired the Asian cosmetics firm Carver Korea. This is because of continuing and growing usage of products by women, and increasingly by men across the world.
The study also emphasizes on various distribution channels, such as direct selling, supermarkets, specialty stores, pharmacies, and salons. However, Asia-Pacific is the most lucrative market for cosmetics providers due to the favorable growth factors which include increasing disposable income and rising consciousness about personal appearance among consumers, mainly in countries such as India, China, and Japan.
Between andthe Asia Pacific mass beauty market is projected to grow by nearly Moreover, prominent players consistently launch new products, thereby, further facilitating the market growth. As ofnearly half of the beauty videos on YouTube were tutorials.
This acquisition is expected to strengthen the position of Unilever in South Korea, which is fourth-largest cosmetics market. The market is witnessing a trend of multinational companies setting up websites and brand-specific Facebook accounts and Twitter profiles, in order to address the local taste.
Hair care products made up a further 23 percent, while make-up accounted for Whereas for men, the expected increase for men in the corresponding period is from The leading market players develop high-quality and innovative products to cater changing consumer lifestyles.
Bythe population over 60 years of age is expected to reach 2. Europe is presently the highest revenue-generating region and is expected to lead throughout the forecast period Moreover, companies are shifting to online portals as they have become a popular medium to buy cosmetics, particularly among youths.
These tutorials aim to teach the viewers something about beauty, whether it is how to use a particular type of product or create a style of make-up, for example. However, one can count on the sales of cosmetics to maintain a certain volume overall.
Two prominent growth strategies adopted by the key market players are product launch and acquisition. Thus, companies are increasingly focusing on online marketing campaigns that can increase their revenues with low investments.
Statista assumes no liability for the information given being complete or correct. Skincare was the leading category, accounting for about 36 percent of the global market. Aging Population is the Major Driver for the Cosmetic Products Market Over the past two decades, declining fertility and Global cosmetic industries rates have resulted in a rise in the aging population, globally.
Extensive use of cosmetics including soap, deodorant, shampoo to luxury beauty products such as makeup and perfume drives this market as it is supported by the increasing beauty consciousness and purchasing power of consumers leading to increased demand for cosmetic products.
Skincare, hair care, make-up, perfumes, toiletries and deodorants, and oral cosmetics are the main product categories of the cosmetic market. UAE is a country with a high GDP per capita USD 40, inand an administration which is modern, and yet has further growth to witness regarding women at workplace.
These platforms are not only highly influential amongst certain groups, but create a demand for beauty products and help fill the gap between cosmetics brands and consumers. This text provides general information. Cosmetic products, such as skin care, hair careand fragrances are the most-sold products online.
The cosmetic industry has benefited from the increasing popularity of social media channels such as Instagram and YouTube.Global cosmetics market is expected to garner $ billion byregistering a CAGR of % during the forecast period Cosmetics Market (makeup or beauty products) are mixture of chemical generally used to enhance the appearance or odor of the human body.
The chapter presents an overview of the global regulatory issues for the cosmetic industry, and describes what kind of information on ingredients is necessary, useful, obligatory, and why, and who provides it.
Global Cosmetic Industry magazine is the preferred resource for US-based marketers, brand managers, manufacturers and executives in the beauty industry, providing timely information such as: Strategic business and marketing insight.
Get expert industry market research on Global Cosmetics Manufacturing. Industry market research reports, statistics, data, trends, forecasts and information. Save time, save money, generate more revenue, mitigate risk and make faster and. The global Cosmetic market was billion USD in and is estimated to reach billion USD by growing at a rate of %.
Of the cosmetic products, Skin care has the highest market share. Global Cosmetics News is a digital publisher of the latest global business information for professionals working in the cosmetics industry. We cover daily news relating to all aspects of the cosmetics industry, from ingredients and packaging design to manufacturing processes and product launches and digital technology.Download