Europe Functional Cosmetics Market: Analysis and Forecast (2023-2029)

Europe Functional Cosmetics Market was worth US$ 15.47 Bn. in 2022 and total revenue is expected to grow at a rate of 6.1% CAGR from 2023 to 2029, reaching almost US$ 23.42 Bn. in 2029.

Europe Functional Cosmetics Market Overview:

Nowadays functional makeups are among the fastest increasing beauty product group. Functional products are nothing but skincare, anti-aging, sun protection, hair care, and other elements. Also, the outline of natural elements in cosmetic product preparations has led to the rapid development of the European Functional Cosmetics industry. The European beauty industry realizes a huge amount of investment in R&D. Industry players invested 2.35 Bn euros in the year 2017, & there were 28,800 experts working in the beauty product segment out of a total of 168,000 staff. This is a robust, rising industry with a full focus on exports (21.5 Bn euros in the year 2018), which in the post-pandemic period has transformed into a partial fall in sales. SMEs play a main role in the segment, with 5,800 of them in Europe. The outline of European beauty trades is therefore well-defined & attractive. The segment is intensely focused on the invention with a very high product revenue, & small businesses with a robust scientific basis & a high cultural outline can shape a place for themselves. Europe Functional Cosmetics MarketTo know about the Research Methodology :- Request Free Sample Report

In Italy:

With GDP in the beauty supply chain adding nearly 12 Bn euros, Italy is placed in 4th place in Europe. Compared to other nations, Italy’s 3rd party manufacturing segment is extremely developed. The 3rd party production segment has changed toughly over the past decade, as is also exposed by the high % of science graduates employed in its integral firms. Today, 3rd party companies are progressively “full service,” which also contains the growth of new makings which are then offered on a high-class basis to company owners. Italy’s universities also make a key input to the segment, with about 25 directly elaborate in beauty research & twelve specialist master’s degrees in cosmetics, making a large pool of highly capable candidates for the business. The major reason behind the appeal of the Italian beauty market is its unit profits in production & distribution.

Buying inclinations:

Europe Functional Cosmetics Market 1

Future Trends:

The Italian market is always excited about new products, particularly in relation to moving needs & technical findings which lead to new preparations. A report study by the MMR found that the below trends will have a major impact on cosmetic buying during the forecast period: Europe Functional Cosmetics Market 2 The existing pandemic has crushed virtually every side of the economy & customers’ daily lives. Increasing redundancy rates, decreased flexible spending, social distancing & lockdown limitations have changed customer behavior. Major differences between conquerors & failures as those sub-segments most exposed to physical sales & without a digital occurrence have taken the major hit. Achievements are defined by the power of the digital plan, ability to fulfill orders during isolation & connection & direct relationship with the customer. Fast acceleration in the current move to digital. Accelerated awareness of health, wellness & sustainability.

Impact on demand by Type:

Europe Functional Cosmetics Market 3 Physical shops are a major aspect of the beauty & skincare segments, with customer demand for ‘try before buy’ assigning them ahead of online stores. Global revenue in both segments is forecast to rise, with this development driven by a number of positive customer trends & the populace growth in developing markets. Multifunctional beauty items which combine both skincare properties & old-style beauty color ranges are fixed to be game-changers during the forecast period. Growing demand for multifunctional beauty items within the best quality beauty category is driven by their capacity to give customers the maximum value for the most exclusive makeup brands. These items are being established by firms that are wise to the rising need for convenience in the busy plans of the modern customer. Enhanced Technology is saturating almost every section of trade, & the beauty industry is no dissimilar. Advanced beauty devices are becoming much more predominant, offering customer’s clever new techniques to mix their personal care procedures into their homes using expertise.

Boomers:

Though ample of the advertising in cosmetics has been dedicated to millennials & Gen-Z, the main opportunity occurs in meeting the requirements of female baby boomers. Even though they signify one of the richest sections, cosmetic brands & dealers have tended to overlook this demographic. Customers have taken notice: 70 percent of women aged above 40 want to see new cosmetic items aimed at premenopausal & menopausal women. The isolations in the year 2020 have led to a drop in demand for firm groups of items as self-isolation & restricted social interactions have altered consumers’ ordinary buying habits. Although the segment was rising before 2019, improving lost ground globally is anticipated to be a slow process.

SMEs in Europe:

The strength of the entrepreneurial beauty industry lies in the combination of both big & small enterprises. SMEs are the main drivers of invention & economic development. There are six thousand and thirty-four SMEs in Europe & the number is rising. France surpassed the chart with eight hundred fourteen SMEs followed by Italy with seven hundred thirty-five SMEs & Poland 3rd with six hundred and six. The UK in 4th place has five hundred eighty two SMEs. Employment: In the year 2020, the European beauty industry employed over 1,917,000 individuals with 32,000 experts. There were 682,000 life science scholars in Europe.

Direct & Indirect Employees 2020

Europe Functional Cosmetics Market 4 The objective of the report is to present a comprehensive analysis of the Europe Functional Cosmetics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Europe Functional Cosmetics Market dynamics, structure by analyzing the market segments and project the Europe Functional Cosmetics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Europe Functional Cosmetics Market make the report investor’s guide.

Europe Functional Cosmetics Market Scope: Inquire before buying

Europe Functional Cosmetics Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 15.47 Bn.
Forecast Period 2023 to 2029 CAGR: 6.1% Market Size in 2029: US $ 23.42 Bn.
Segments Covered: by Type Alpha Hydroxy Acids (AHAs) Beta Hydroxy Acid (Salicylic Acid) Retinoid Hyaluronic Acid Vitamin C & E Glycerin
by Function Cleansing Agent Moisturizing Agent Lightening Agent Anti-aging Agent
by Application Skin Care Hair Care Others
by End User Male Female Unisex

Europe Functional Cosmetics Market key player

1. Unilever 2. BASF SE 3. Clariant AG 4. Croda International Plc 5. Evonik Industries AG 6. Gattefossé SAS 7. Givaudan SA 8. Lonza 9. Lucas Meyer Cosmetics 10.Nouryon 11.Seppic SA 12.Symrise AG 13.L'Oréal, Unilever 14.Procter & Gamble Co 15.The Estee Lauder Companies 16.Shiseido Company 17.Beiersdorf AG.

Frequently Asked Questions:

1) What was the market size of Europe Functional Cosmetics Market markets in 2022? Ans - Europe Functional Cosmetics Market was worth US$ 15.47 Bn in 2022. 2) What is the market segment of Europe Functional Cosmetics Market markets? Ans -The market segments are based on Type, Function & Country. 3) What is forecast period consider for Europe Functional Cosmetics Market? Ans -The forecast period for Europe Functional Cosmetics Market is 2023 to 2029. 4) Which are the worldwide major key players covered for Europe Functional Cosmetics Market report? Ans – Unilever,BASF SE ,Clariant AG, Croda International Plc, Evonik Industries AG, Gattefossé SAS, Givaudan SA, Lonza, Lucas Meyer Cosmetics, Nouryon, Seppic SA,Symrise AG, L'Oréal, Unilever, Procter & Gamble Co, The Estee Lauder Companies, Shiseido Company. Beiersdorf AG. 5) Which region is dominated in Europe Functional Cosmetics Market? Ans -In 2022, Germany dominated the Europe Functional Cosmetics Market.
1. Europe Functional Cosmetics Market: Research Methodology 2. Europe Functional Cosmetics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Europe Functional Cosmetics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Europe Functional Cosmetics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by Country 3.8.3.1. UK 3.8.3.2. France 3.8.3.3. Germany 3.8.3.4. Italy 3.8.3.5. Spain 3.8.3.6. Sweden 3.8.3.7. Austria 3.8.3.8. Rest Of Europe 3.8.4. COVID-19 Impact 4. Europe Functional Cosmetics Market (Value) by Country: 4.1. Europe Functional Cosmetics Market, by Type 4.1.1. Alpha Hydroxy Acids (AHAs) 4.1.2. Beta Hydroxy Acid (Salicylic Acid) 4.1.3. Retinoid 4.1.4. Hyaluronic Acid 4.1.5. Vitamin C & E 4.1.6. Glycerin 4.1.6.1.1. UK 4.1.6.1.2. France 4.1.6.1.3. Germany 4.1.6.1.4. Italy 4.1.6.1.5. Spain 4.1.6.1.6. Sweden 4.1.6.1.7. Austria 4.1.6.1.8. Rest Of Europe 4.2. Europe Functional Cosmetics Market, by Function 4.2.1. Cleansing Agent 4.2.2. Moisturizing Agent 4.2.3. Lightening Agent 4.2.4. Anti-aging Agent 4.2.4.1.1. UK 4.2.4.1.2. France 4.2.4.1.3. Germany 4.2.4.1.4. Italy 4.2.4.1.5. Spain 4.2.4.1.6. Sweden 4.2.4.1.7. Austria 4.2.4.1.8. Rest Of Europe 4.3. Company Profile: Key Players 4.3.1. Unilever. 4.3.1.1. Company Overview 4.3.1.2. Financial Overview 4.3.1.3. Global Presence 4.3.1.4. Type Portfolio 4.3.1.5. Business Strategy 4.3.1.6. Recent Developments 4.3.2. BASF SE 4.3.3. Clariant AG 4.3.4. Croda International Plc 4.3.5. Evonik Industries AG 4.3.6. Gattefossé SAS 4.3.7. Givaudan SA 4.3.8. Lonza 4.3.9. Lucas Meyer Cosmetics 4.3.10. Nouryon 4.3.11. Seppic SA 4.3.12. Symrise AG 4.3.13. L'Oréal, Unilever 4.3.14. Procter & Gamble Co 4.3.15. The Estee Lauder Companies 4.3.16. Shiseido Company 4.3.17. Beiersdorf AG
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