Global Beauty and Personal Care Products Market (Product (Skin Care & Sun Care, Hair Care, Makeup & Color Cosmetic Products, Deodorants & Fragrances, and Others)- Distribution Channel (Direct Selling, Hypermarkets & Retail Chains, E – Commerce, Specialty Stores, and Other.)-Type (Vegan, Organic, Inorganic)- by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America is expected to reach US$ 716.6 Bn by 2026, at a CAGR of 5.83% during a forecast period.
The major driving factor that is boosting the global Beauty & personal care products market, rising awareness about importance of maintaining youthful skin and a good appearance and maintain good looks amongst the general populace. Need to appear young and overcome effects of aging such as wrinkles especially felt by older people. Thus, their increasing population will increase the growth of the segment. However, an increase in raw material cost and packaging expenses is estimated to hinder the growth of the market over the forecast period.
North America and Europe are estimated to show stable growth rate over the forecast period.
Increasing penetration of luxury brands will be a key growth factor for North America and Europe. Therefore, North America and Europe are estimated to show stable growth rate over the forecast period.
Prominent market players in this region include L’oreal Group, Unilever, Beiersdorf AG, Mary Kay, Avon, Kao Corporation, Revlon, The Estée Lauder Companies, L’occitane International S.A, Procter And Gamble, Coty Inc, Sally Beauty Holdings Inc, LVMH Moet Hennessy Louis Vuitton SA, and Shiseido.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Beauty and Personal Care Products Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Beauty and Personal Care Products Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Beauty and Personal Care Products Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Beauty and Personal Care Products Market”
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