New York, According to a new market research report published by Global Insight Services “Cosmetics Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cosmetics are products used to enhance or change the appearance of the face, hair, or body. Many cosmetics are designed for use on the face and hair. These products are generally mixtures of chemical compounds derived from natural sources (such as coconut oil) or created synthetically in laboratories. Cosmetics are generally applied to the skin using a brush, sponge, or fingers.
The history of cosmetics is thought to date back to at least 6000 BCE, when ancient Egyptians used kohl to darken their eyelashes, eyebrows, and eyelids. Kohl was a dark-colored powder or paste made from lead, soot, or antimony. It was believed to protect the eyes from the sun and ward off evil spirits.
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Key Trends
The key trends in cosmetics technology are the following:
1. The use of natural and organic ingredients: There is a trend toward using more natural and organic ingredients in cosmetics. This is in response to consumer demand for products that are more gentle and safe for the skin.
2. The use of technology to create new formulations: Cosmetics companies are using technology to create new formulations that are more effective and longer lasting. This includes the use of nanotechnology and 3D printing.
3. The use of technology to improve packaging: Cosmetics companies are using technology to improve the packaging of their products. This includes the use of airless pumps and recyclable packaging.
4. The use of technology to create new textures: Cosmetics companies are using technology to create new textures and finishes for their products. This includes the use of silicone and other synthetic materials.
Key Drivers
The global cosmetics market is driven by a number of factors, including the growing popularity of social media and the increasing focus on personal appearance. Social media platforms such as Instagram and YouTube have created a new generation of beauty influencers, who have a huge impact on the way consumers purchase cosmetics. In addition, the rise of online retailing has made it easier than ever for consumers to purchase cosmetics from around the world.
The increasing focus on personal appearance is also a key driver of the cosmetics market. In today’s society, people are increasingly concerned about their looks and how they are perceived by others. This has led to a growing demand for cosmetics and skincare products that can help people achieve the perfect appearance.
Market Segments
The cosmetics market report is bifurcated on the basis of category, gender, distribution channel, and region. On the basis of category, it is segmented into skin & sun care, hair care, makeup, and others. Based on gender, it is analyzed across men, women, and unisex. By distribution channel, it is categorized into hypermarkets/supermarkets, specialty stores, pharmacies, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The cosmetics market report includes players such as Coty Inc., L’Oréal S.A., Revlon, Inc., Avon Products Inc., Unilever PLC, Godrej, Procter & Gamble, Beiersdorf AG, Kao Corp., and Hoyu Co., Ltd.
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Reasons to buy Cosmetics Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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