Cosmetics Market Size, Share and Segmentation 2023 | Industry Trends, Companies and Market Overview by 2028

According to the latest report by IMARC Group, titled “Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global cosmetics market size reached US$ 379.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 523.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Cosmetics are products, such as makeup, skincare and hair care products, and personal and grooming items, that are used to enhance and bconeautify the appearance. They can be made from a combination of natural and synthetic ingredients carefully selected and blended to provide specific benefits, such as moisturizing, protecting, and rejuvenating the skin. In addition to improving the appearance, they offer protection against ultraviolet (UV) rays and environmental damage and boost confidence and self-esteem. Soaps, deodorants, toothpaste, hair colors, moisturizers, perfumes, lipsticks, shampoos, shaving creams, and nail polishes are some of the commonly available product variants.

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Global Cosmetics Market Trends:

The increasing consumer awareness about the importance of personal appearance has surged the demand for cosmetics, which represents one of the key factors providing an impetus to the market growth. This is further bolstered by the growing popularity of personalized beauty products due to rising social media influence. In line with this, key market manufacturers are introducing new and innovative products using natural and eco-friendly materials to increase their consumer base, which is creating a positive outlook for the market. Other factors, such as inflating consumer per capita income, increasing demand for anti-aging products, and easy product availability in online retail stores, are accelerating the market growth.

Cosmetics Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the cosmetics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Amway Corp
  • Avon Products Inc.
  • Beiersdorf AG
  • Henkel AG & Co. KGaA
  • Kao Corporation
  • L'Oréal S.A.
  • Oriflame Cosmetics AG
  • Procter & Gamble Company
  • Revlon Inc. (MacAndrews & Forbes Incorporated)
  • Shiseido Company Limited
  • Skinfood Co. Ltd
  • The Estée Lauder Companies Inc
  • Unilever plc.

Key Market Segmentation

The report has segmented the cosmetics market on the basis of product type, category, gender and distribution channel

Breakup by Product Type:

  • Skin and Sun Care Products
  • Hair Care Products
  • Deodorants and Fragrances
  • Makeup and Color Cosmetics
  • Others

Breakup by Category:

  • Conventional
  • Organic

Breakup by Gender:

  • Men
  • Women
  • Unisex

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Pharmacies
  • Online Stores
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4418&flag=C

Key Highlights of the Report:                                                           

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:                                                                     

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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