|Study Period:||2016 - 2026|
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The Australian beauty and personal care products market was valued at USD 3.73 billion in 2020, and it is projected to register a CAGR of 3.87% during the forecast period (2021-2026).
The COVID-19 crisis is likely to accelerate trends that were already shaping the market, such as the rise of the global middle class and the use of e-commerce. Online distributors are recording an increased interest as home-bound consumers explore retail alternatives. Some beauty-product brands and retailers with inventory and shipment operations ready to scale up are reporting e-commerce sales twice as high as their pre-COVID-19 levels due to the increase in the DIY (Do it yourself) beauty products in the pandemic.
Due to high disposable income, Australian consumers spend highly on beauty and personal care (color cosmetics and skincare in particular). Companies are mainly targeting millennials, as they tend to follow trends in the industry closely and make frequent purchases based on new product claims and application methods.
With consumers increasingly turning to the internet for advice on beauty and personal care products, the influence of digital channels has grown lucratively. Consumers' purchasing decisions in Australia are highly influenced by social media, as they follow vlogs, bloggers, and influencers for information on products and application techniques, thus, driving the market studied.
Scope of the Report
Beauty and personal care products address the looks and health of consumer's hair, nails, and skin. The Australian beauty and personal care products market report is segmented based on product type, category, and distribution channel. The segmentation based on product type includes personal care products and cosmetics/make-up products. The personal care market is further segmented into hair care products (shampoo, conditioners, and other hair care products), skincare products (facial care products, body care products, and lip care products), bath and shower (shower gels, soaps, and other bath and shower products), oral care (toothbrushes, toothpaste, mouthwashes and rinses, and other oral care products), men's grooming products, and deodorants and antiperspirants. The cosmetics/make-up products market is further segmented into facial cosmetics, eye cosmetic products, lip and nail make-up products, and hairstyling and coloring products. By category, the market is segmented into premium products and mass products. Distribution channels include specialist retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and other distribution channels. For each segment, the market sizing and forecasts have been done on the basis of value (in USD billion).
|Personal Care Products|
|Men's Grooming Products|
|Deodorants and Antiperspirants|
|Eye Cosmetic Products|
|Lip and Nail Make-up Products|
|Hair Styling and Coloring Products|
|Specialist Retail Stores|
|Online Retail Channels|
|Other Distribution Channels|
Key Market Trends
Increasing Trend of Online Purchasing
Online purchasing is gaining popularity in Australia. In the given four-week period, 8 billion Australians above the age of 14 years made at least one online purchase. Social media has played a crucial role in the Australian beauty and personal care market, allowing companies to build their brands in cost-effective ways. Companies are also engaging bloggers and vloggers for promoting certain brands on social media and other websites. This move helped the online purchasing trend to grow lucratively over the years in Australia. The trend of getting inspired by celebrities and trying to look similar has become very common among the younger population in the region. This trend has been driving the growth of online purchasing in Australia, owing to the online tutorials and vlog promotions of different brands that can be purchased online.
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High Demand for Skin Care Products
People in Australia are highly involved in outdoor sports and activities, such as beach cricket, rock climbing, abseiling, skydiving, bungee jumping, and hiking. Such an active lifestyle and high exposure to the sun make them opt for sun care products for maximum protection of skin.
Australia has the highest rate of skin cancer in the world due to the high exposure to ultraviolet radiation over a lifetime. The increasing prevalence of skin cancer among people in the country led to the adoption of sun protection regimen by people, including a significant usage of sun protection products.
Local players in the country have also developed premium sun care products that have successfully penetrated the domestic and international markets. Players, such as Australian Gold LLC, also offer a wide range of after sun, self-tanning, and sun protection products that are organic and cruelty-free products.
L’Oréal Australia was one of the leading players in the Australian beauty and personal care products market during the previous year due to its wide portfolio of products and its frequent new product innovations and brand launches. Procter & Gamble Australia witnessed market share drop post the agreement to incorporate its fine fragrances, color cosmetics, and hair care businesses into Coty. Mergers and acquisitions characterized the beauty and personal care industry in Australia, as companies looked to consolidate their offerings and expand into new product areas. Some of the other prominent players operating in the market are Unilever, Estee Lauder, and Colgate-Palmolive.
In February 2021, G&M Cosmetics from Australia planned to launch more vegan beauty and baby care products. The company moved into the vegan beauty space with the acquisition of P'URE Papayacare skincare in 2019. Since then, it has extended the brand to 15 vegan-approved and certified products.
In January 2020, Lush launched a limited-edition soap that supports a good cause. The famed bath and body brand announced this special line of koala-shaped soap to raise funds for animals affected by Australian wildfires.
In December 2016, Natura & Co.acquired the business of the Australian company Emeis Holdings Pty Ltd, which operates under the brand name Aesop.
Table of Contents
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Personal Care Products
5.1.1 Hair Care Products
22.214.171.124 Other Hair Care Products
5.1.2 Skin Care Products
126.96.36.199 Facial Care Products
188.8.131.52 Body Care Products
184.108.40.206 Lip Care Products
5.1.3 Bath and Shower
220.127.116.11 Shower Gels
18.104.22.168 Other Bath and Shower Products
5.1.4 Oral Care
22.214.171.124 Mouthwashes and Rinses
126.96.36.199 Other Oral Care Products
5.1.5 Men's Grooming Products
5.1.6 Deodorants and Antiperspirants
5.2 Cosmetics/Make-up Products
5.2.1 Facial Cosmetics
5.2.2 Eye Cosmetic Products
5.2.3 Lip and Nail Make-up Products
5.2.4 Hair Styling and Coloring Products
5.3 Distribution Channel
5.3.1 Specialist Retail Stores
5.3.3 Convenience Stores
5.3.4 Pharmacies/Drug Stores
5.3.5 Online Retail Channels
5.3.6 Other Distribution Channels
5.4.1 Mass Products
5.4.2 Premium Products
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 L'Oreal SA
6.4.3 Procter & Gamble
6.4.4 Colgate-Palmolive Company
6.4.5 Shiseido Company Limited
6.4.6 Johnson & Johnson
6.4.7 Natura & Co.
6.4.8 The Estee Lauder Inc.
6.4.9 Beiersdorf AG
6.4.10 Oriflame Holding AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Australia Beauty and Personal Care Products Market market is studied from 2016 - 2026.
What is the growth rate of Australia Beauty and Personal Care Products Market?
The Australia Beauty and Personal Care Products Market is growing at a CAGR of 3.73% over the next 5 years.
Who are the key players in Australia Beauty and Personal Care Products Market?
L'Oreal S.A, Estee Lauder, Procter & Gamble, Unilever, Colgate-Palmolive Company are the major companies operating in Australia Beauty and Personal Care Products Market.