Cosmetic products are also referred to as grooming product, they are intended to beautifying and altering the appearance of skin. Cosmetic products includes lotions, lipsticks, fragrance products, eyeliner, foundation makeup, face powder, nail varnishes, mascara, etc. These products are used to protect the skin and promote good aesthetic appeal to the skin. Cosmetic products are manufactured by using natural ingredients and some are prepared by synthetic chemicals.
In this report, the global Cosmetic Products market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.
A rising sense of fashion especially among youth coupled with growing aging demographics which has raised the demand for anti-aging products to prevent winkles, dry skin, and unwanted spots on skin is the prime factor fueling market growth. Moreover, expanding the online platform has enabled the easy accessibility and affordability of the cosmetic products, this is also expected to boost market growth. Furthermore, increasing production of innovative products by major players is further expected to propel the market growth. For instance, in November 2019, Clinique launched “Even Better Pop Lip Colour Foundation”. It complements the skin tone and undertones.
From the regional perspective, Europe is expected to gain significant growth over the forecast period and this can be attributed to high consumption rate of people using cosmetic products in the region. For instance, according to the press release published by premium beauty news, in 2017, the European cosmetics market was valued at 77.6 billion euros, which makes Europe remain the largest market for cosmetic and personal care products in the world. In addition to this, Asia Pacific region is also expected to witness traction in the cosmetic product market owing to the presence of a high adult population coupled with the growing sense of fashion among consumer regarding cosmetic products due to various players are focusing on expanding their presence in the region. On the other hand, harsh chemicals ingredient present in the cosmetic products which can cause various side-effects to the skin is likely to hamper the market growth.
The major players profiled in this report include:
Alticor
Oriflame Cosmetics Global SA
Yves Rocher
Mary Kay Inc
Revlon Inc.
Kao Corp.
Shiseido
The Estee Lauder Companies Inc.
Avon Products Inc.
Beiersdorf AG
Procter & Gamble
Unilever
L'oreal Group.
……
The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
Skin care products
Hair care products
Color cosmetics
Fragrances
Personal care products
Oral care products
……
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Cosmetic Products for each application, including-
Lips
Eyes
Eyebrows
Nails
Face
Key Developments:
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