Global Beauty & Personal Care Products Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Beauty & Personal Care Products Market


The global Beauty & Personal Care Products market size is projected to reach US$ 762.71 billion by 2026, from US$ 540.74 billion in 2020, at a CAGR of 5.9% during 2021-2026. The market is anticipated to tread along a healthy growth track owing to rising preference for natural and organic personal care (NOPC) products, increasing adoption of Augmented Reality (AR) in the beauty industry, growing demand for anti - aging products, and burgeoning popularity of mens grooming products.

This market is poised to witness significant growth over the forecast period owing to several factors. One of the prominent factors is growing preference for NOPC products, since consumers now prefer products that contain natural ingredients.

Rising adoption and implementation of AR in the beauty industry is also expected to contribute to market growth over the forecast period. AR enables real - time analysis and tracking of facial features using photographs and videos uploaded by consumers on online platforms such as mobile apps and AR devices at cosmetics stores. There are also fully - customized AR modules available for Android, iOS, and Windows devices. AR helps consumers to  virtually use a  product and  see how it looks on them prior to its purchase. Thus, growing use of AR is estimated to boost the growth of the market over the forecast period.

Additionally, increasing popularity of mens grooming products is likely to drive the market owing to growing awareness among men regarding appearance, health, and wellness. Men have now started spending on a wide range of personal grooming products, such as deodorants, skin and hair care products, and bath and shower products.
Furthermore, the demand for anti - aging products is rising owing to increasing aging population and growing awareness about benefits of using anti - aging products. The skin care/sun care segment experienced a moderate growth rate from 2012 to 2017 on account of rising demand for anti - aging products.

Market Segmentation, Outlook & Viewpoint: Global Beauty & Personal Care Products Market

Product Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Skin Care/Sun Care
  
Hair Care
  
Makeup & Color Cosmetic Products
  
Deodorants/Fragrances
  
Others

Distribution Channel Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Direct Selling
  
Hypermarkets & Retail Chains
  
E-Commerce
  
Specialty Stores
  
Others

Type Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Vegan
  
Organic
  
Inorganic

Key Players, Recent Developments & Regional Insights: Global Beauty & Personal Care Products Market

Based on product, the market has been segmented into skin care/sun care,hair care,makeup & color cosmetic products, deodorants/fragrances, and others. The skin care/sun care segment represented one third of the overall revenue in 2017. The segment is projected to dominate the market throughout the forecast horizon.

The major factor driving the growth of the segment is rising awareness about importance of maintaining youthful skin and a good appearance. Need to appear young and overcome effects of aging such as wrinkles and sagging skin is especially felt by older people. Thus, their growing population will supplement the growth of the segment.
The skin care/sun care segment is expected to witness substantial growth over the forecast period. The maximum demand for these products is anticipated to be generated from Asia Pacific owing to its large population.

Distribution Channel Insights

On the basis of distribution channel, the market has been segmented into direct selling, hypermarkets & retail chains, E-Commerce, specialty stores, and others. The E-Commerce segment is poised to witness significant growth over the forecast period owing to growing internet penetration. Developing regions, including Asia Pacific, are likely to highly benefit from booming E-Commerce, thanks to rapid urbanizations.

Though E-Commerce has gained significance to a large extent in the retail business, it accounts for a small percentage of total retail sales across the world. This can be attributed to consumers need to try the products before purchasing them, which leads to a higher demand for hypermarkets or retail chains. Countries such as India, China, and other Southeast Asian countries are exhibiting robust industrial development and extensive urbanization. Rise in penetration of internet and Internet of Things is expected to assist the growth of the beauty and personal care products market.

Type Insights

Based on type, the market has been categorized into vegan, organic, and inorganic. There is a growing awareness regarding benefits of vegan cosmetics across the world. Animal activism is also on the rise, thus dissuading people from using products derived from or tested on animals. These factors are anticipated to contribute to the growth of the vegan cosmetics segment over the forecast period.

Growing incidence of use of harmful chemicals in beauty and personal care products is leading to an upswing in the demand for organic and vegan products. Soaring need for natural and safer ingredients across the globe is estimated to help the organic and vegan segments to register significant growth during the forecast period.

Regional Insights

Asia Pacific dominated the market in terms of revenue in 2017. The regional market was valued at USD 157.1 billion in 2017. Increasing population, spiraling demand for organic and vegan products, and growing penetration of AR in the beauty industry are positively influencing the market in the region.

The Asia Pacific regional market is projected to witness a significant gain in revenue share over the forecast period on account flourishing E-Commerce industry and rising disposable income of the populace. Additionally, consumer buying patterns indicate a shift from use of inorganic cosmetics to organic and further to vegan cosmetics in most of the countries in this region.

Beauty and Personal Care Products Market Share Insights

Some of the key players in this market are Avon Products, Inc.; Beiersdorf AG; Coty Inc.; Kao Corporation; Loccitane International S.A.; LOreal Group; Procter & Gamble; and Mary Kay Inc.

Market participants are focusing on strategies such as partnerships and mergers & acquisitions to consolidate their product portfolio and their position in the market. For instance, in March 2017, LOreal Group acquired CeraVe, AcneFree, and Ambi skin care brands from Valeant. The above mentioned brands focus on products for dry skin, dark spots, acne, and skin brightening. Combined annual revenue of the three brands accounts is approximately USD 168 million every year.

Key Insights Covered: Global Beauty & Personal Care Products Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Beauty & Personal Care Products industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Beauty & Personal Care Products industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Beauty & Personal Care Products industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Beauty & Personal Care Products industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Beauty & Personal Care Products industry.

Research Methodology: Global Beauty & Personal Care Products Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other