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The Canadian Cosmetics Product Market is segmented by Product Type (Face Cosmetics, Eye Cosmetics, Lip Cosmetics, and Hair Styling and Coloring Products) and Distribution Channel (Supermarkets/Hypermarkets, Beauty Salons, Specialist Retailers, Online Retail, and Other Distribution Channels).
2016 - 2026
The Canadian cosmetics product market is projected to register a CAGR of 6.45% during the forecast period (2020-2025).
The Canadian cosmetics product market is segmented by product type and distribution channel. By product type, the market is segmented into face cosmetics, eye cosmetics, lip cosmetics, and hairstyling and coloring products. By distribution channel, the market is segmented into supermarkets/hypermarkets, beauty salons, specialist retailers, online retail, and other distribution channels.
|By Product Type|
|Hair Styling and Coloring Products|
|By Distribution Channel|
|Other Distribution Channel|
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Consumer demand for enhanced functionality and eco-friendliness in cosmetic design is resulting in exciting innovations in the packaging and design of cosmetics products. Manufacturers are offering a wide variety of innovative choices and creative technologies to serve the market. Various big companies are showing innovative changes in packaging and design. For instance, Procter & Gamble recently announced a major shift to the plant-derived packaging for some of its leading global cosmetic brands and is using sugarcane-derived plastic from Brazil’s Braskem. In addition, L’Oréal recently helped to reduce the environmental impact of its packaging by introducing two new assessment tools, namely, Sustainable Packaging Scorecard (SPS) and Packaging Impact Quick Evaluation Tool (PIQET), to its package design process.
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Several countries are thriving and predicted to become the fastest-growing regions in the beauty and personal care segments over the next five years. Due to high concern for hair care, there is a rise in the demand for specialized products. Hair textures vary from person to person, and so do the hair- and scalp-related issues. Some people might have damaged or dry hair, while others have to deal with breakage and hair fall problems. Not only the younger and dynamic population of the country, but older individuals are also interested in buying products, like hair dyes, hair growth oils, and serums. Those aged over 60 years are generally more interested in quality, how long things last, and value for money, and are unlikely to be rushed into unplanned purchases. Senior consumers are also the most loyal to branded and recognized products.
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The major emerging market players targeting leading brands are making strategic acquisitions of the market leaders in more mature and sophisticated markets. Acquiring these brands enables diversification and gives these players access to stable cash flows and further growth opportunities. The cosmetic products market witnesses high competition, with the dominance of major global players. Various players are entering the market, to tap the untapped potential of the cosmetic products market. Some of the major players in the Canada cosmetics products market are L’Oréal Group, Beiersdorf AG, The Estée Lauder Companies Inc., and Oriflame Cosmetics SA.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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 By Product Type
5.1.1 Face Cosmetics
5.1.2 Eye Cosmetics
5.1.3 Lip Cosmetics
5.1.4 Hair Styling and Coloring Products
5.2 By Category
5.2.2 Mass Merchandiser
5.3 By Distribution Channel
5.3.2 Beauty Salons
5.3.3 Specialist Retailers
5.3.4 Online Retail
5.3.5 Other Distribution Channel
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Loreal Group
6.3.2 Beiersdorf AG
6.3.3 The Estee Lauder Companies Inc.
6.3.4 Avon Products Inc.
6.3.5 Oriflame Cosmetics SA
6.3.6 Revlon Inc.
6.3.7 Shiseido Co. Ltd
6.3.8 Yves Rocher
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability