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.
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Top Key Players in Cosmetics market: Coty Inc., L’Oréal S.A., Revlon, Inc., Avon Products Inc., Unilever PLC, Godrej, Procter & Gamble, Beiersdorf AG, Kao Corp.
Key Trends
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.
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.
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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.
Reasons to buy Cosmetics 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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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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