Beauty and Personal Care Products Market - Growth, Trends, Forecast (2019-2024)

Global Beauty and Personal Care Products Market is segmented by Personal Care Products (Hair Care Products, Facial Care Products, Shower Gels, Oral Care, Men's Grooming Products, and Deodorants and Antiperspirants); by Cosmetics/ Make-up Products (Facial Cosmetics, Eye Cosmetic Products, Lip and Nail Make-up Products, Hair styling and coloring products); by Distribution Channel (Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Others); By Category (Mass Products and Premium Products) & by Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Middle East and Africa

Largest Market:

Asia Pacific

CAGR (2019-2024):

7.2%

Key Players:

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Market Overview

Global Beauty and Personal Care Products Market is projected to grow at a CAGR of 7.2% during the forecast period (2019 - 2024)

  • Income inequality, tight purse strings, lack of penetration within the developed regions, insufficient research into the prevalent trend of organic products, inadequate regulatory concerns, and a few other factors act as challenges, in the market studied. Some important players in the mass/masstige makeup/cosmetics field include - P&G, Beiersdorf, Unilever, MAC, Revlon, Olay, L’Oreal, and Avon, among others.
  • The growth of the male grooming products market has been catalyzed by an increasing consciousness among male consumers, about personal wellness and appearance. Owing to this factor, manufacturers are focusing on launching new and innovative hair care products for men, in order to increase their offerings and customer base, which, in turn, would provide them an edge over their competitors. For instance:
  • Rigaos is one of the latest series of Japanese hair products for men by Japan Gateway Co. Ltd. Rigaos stands for: R = Romance, I = Intelligence, G = Gentleness, A = Appearances, O = Originality and S = Spirit                    

Scope of the Report

Global Beauty And Personal Care Products Market is segmented by Personal Care Products (Hair Care Products, Facial Care Products, Shower Gels, Oral Care, Men's Grooming Products, and Deodorants and Antiperspirants);  by Cosmetics/Make-up Products (Facial Cosmetics, Eye Cosmetic Products, Lip and Nail Make-up Products, Hair styling and coloring products); by Distribution Channel (Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Others); By Category (Mass Products and Premium Products) & by Geography

Personal Care Products
Hair Care Products
Shampoo
Conditioners
Hair Oil
Others
Skin Care Products
Facial Care Products
Body Care Products
Lip Care Products
Bath and Shower
Shower Gels
Soaps
Bath Salts
Bathing Accessories
Others
Oral Care
Toothbrushes and Replacements
Toothpaste
Mouthwashes and Rinses
Others
Men's Grooming Products
Deodorants and Antiperspirants
Cosmetics/Make-up Products
Facial Cosmetics
Eye Cosmetic Products
Lip and Nail Make-up Products
Hair styling and coloring products
Distribution Channel
Specialist Retail Stores
Supermarkets/Hypermarkets
Convenience Stores
Pharmacies/Drug Stores
Online Retail Channels
Others
By Category
Mass Products
Premium Products
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Hair Cosmetics is Projected to Grow at a Significant Growth Rate

Several countries are thriving and predicted to become the fastest-growing regions in beauty and personal care, over the next five years. Owning 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 region, but the 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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Middle East and Africa Emerges as the Fastest Growing Region

The Kingdom of Saudi Arabia is a country steeped in history and fantasy. The country boasts riches and a high standard of living, virtually incomparable to any other country in the world. A relatively small population of around 33 million, as of 2017 - the largest demographic group of which is children and those aged under 24 years, is one of the prime factors making cosmetic products popular in the country. Most of the globally operating brands in cosmetic products category, like L’Oreal, are actively operating in KSA. There is a cultural belief that higher prices imply better quality. Therefore, even inflated prices are serving the purpose of generating higher sales, from the cosmetic product category in the country. The Saudi Arabian province is well known for its preference for premium or luxury perfumes, indicating a long-lasting preference for strong scents.

 

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Competitive Landscape

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. An advanced and diversified distribution network gives an upper edge to the manufacturers to expand their range of products, across the region.

Major Players

  1. The Estée Lauder Companies Inc.
  2. Revlon
  3. Proctor & Gamble
  4. L'Oreal SA
  5. Unilever

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Personal Care Products

      1. 5.1.1 Hair Care Products

        1. 5.1.1.1 Shampoo

        2. 5.1.1.2 Conditioners

        3. 5.1.1.3 Hair Oil

        4. 5.1.1.4 Others

      2. 5.1.2 Skin Care Products

        1. 5.1.2.1 Facial Care Products

        2. 5.1.2.2 Body Care Products

        3. 5.1.2.3 Lip Care Products

      3. 5.1.3 Bath and Shower

        1. 5.1.3.1 Shower Gels

        2. 5.1.3.2 Soaps

        3. 5.1.3.3 Bath Salts

        4. 5.1.3.4 Bathing Accessories

        5. 5.1.3.5 Others

      4. 5.1.4 Oral Care

        1. 5.1.4.1 Toothbrushes and Replacements

        2. 5.1.4.2 Toothpaste

        3. 5.1.4.3 Mouthwashes and Rinses

        4. 5.1.4.4 Others

      5. 5.1.5 Men's Grooming Products

      6. 5.1.6 Deodorants and Antiperspirants

    2. 5.2 Cosmetics/Make-up Products

      1. 5.2.1 Facial Cosmetics

      2. 5.2.2 Eye Cosmetic Products

      3. 5.2.3 Lip and Nail Make-up Products

      4. 5.2.4 Hair styling and coloring products

    3. 5.3 Distribution Channel

      1. 5.3.1 Specialist Retail Stores

      2. 5.3.2 Supermarkets/Hypermarkets

      3. 5.3.3 Convenience Stores

      4. 5.3.4 Pharmacies/Drug Stores

      5. 5.3.5 Online Retail Channels

      6. 5.3.6 Others

    4. 5.4 By Category

      1. 5.4.1 Mass Products

      2. 5.4.2 Premium Products

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Spain

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 Germany

        4. 5.5.2.4 France

        5. 5.5.2.5 Italy

        6. 5.5.2.6 Russia

        7. 5.5.2.7 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle East and Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 United Arab Emirates

        3. 5.5.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Proctor & Gamble

      2. 6.4.2 Revlon

      3. 6.4.3 Oriflame Cosmetics SA

      4. 6.4.4 Avon Products Inc.

      5. 6.4.5 The Estee Lauder Companies Inc.

      6. 6.4.6 Shiseido Group

      7. 6.4.7 TLC Hygienic Cosmetic Pty Limited

      8. 6.4.8 Unilever

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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