Global Cosmetics Market By Category (Skin & Sun Care Products, Hair Care Products, Deodorants, Fragrances, Makeup & Color Cosmetics), Distribution Channel (Retail Sale, Online Sale), Gender (Male, Female), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Cosmetics Market
Global cosmetics market is expected to rise from its initial estimated value of USD 435.47 Billion in 2018 to an estimated value of USD 648.31 Billion by 2026, registering a CAGR of 5.10% during the forecast period of 2019-2026. This rise in market value can be attributed to the changing lifestyles and rising disposable income of several countries.
Market Definition: Global Cosmetics Market
Cosmetics Market is a mixture of chemical usually used for enhancing the odor or appearance of the human body. Deodorants, skin care and hair care are few types of cosmetics which are available in the market. The rising geriatric population and their increasing demand for maintaining a youthful appearance have expanded the cosmetics market.
Market Drivers:
The rising demand of natural ingredients in various cosmetic products is expected to drive the market growth
Attractive marketing strategies and changing packaging styles are also expected to stimulate the market growth
Market Restraints:
Advanced beauty treatments is expected to restrain the market growth
Growing awareness related to the possible side-effects of cosmetics is also expected to hamper the market growth
Competitive Analysis: Global Cosmetics Market
Global cosmetics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cosmetics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Source from: https://www.databridgemarketresearch.com/reports/global-cosmetics-market