Cosmetics Market Report 2024-32: Latest Trends, Global Demand, Top Companies and Forecast

IMARC Group, a leading market research company, has recently releases report titled “Cosmetics Market Report by Product Type (Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Makeup and Color Cosmetics, and Others), Category (Conventional, Organic), Gender (Men, Women, Unisex), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Pharmacies, Online Stores, and Others), and Region 2024-2032.” The study provides a detailed analysis of the industry, including the global cosmetics market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Cosmetics Market?

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023US$ 400.6 Billion
Market Forecast in 2032US$ 618.7 Billion
Market Growth Rate 2024-20324.8%

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What Is Cosmetics?

Cosmetics are products that are used for enhancing or altering the appearance of the human body. They include a wide range of items such as makeup, skincare products, fragrances, hair care products, and personal care items. Cosmetics are designed to be applied externally and can be used by individuals of all genders and age groups. They are formulated with various ingredients to provide aesthetic, protective, and nourishing benefits to the skin, hair, and overall appearance. Cosmetics have been an integral part of human culture for centuries, with ancient civilizations using natural substances for beautification purposes.

What are the growth prospects and trends in the cosmetics industry?

The increasing focus on personal grooming and self-expression is driving the demand for cosmetics. Moreover, consumers are seeking products that enhance their natural beauty, boost their confidence, and allow them to experiment with different looks. This desire for self-expression and individuality is fueling the growth of the cosmetics industry as it continuously innovates to offer a wide range of options and cater to diverse consumer preferences. The growing awareness of skincare and wellness is contributing to the expansion of the cosmetics market.

Consumers are increasingly conscious of the importance of maintaining healthy skin and hair and seek products that provide nourishment, protection, and anti-aging benefits. This trend has led to the rise of skincare-focused cosmetics and the incorporation of natural and organic ingredients in formulations. Additionally, the influence of social media and digital platforms has revolutionized the cosmetics industry. Beauty influencers and online tutorials have significantly impacted consumer purchasing decisions, driving trends and creating demand for specific products. The ability to discover and explore new products through online platforms has increased consumer engagement and fueling the market growth. The cosmetics industry continues to evolve in response to these drivers and trends, embracing innovation, inclusivity, and sustainability to meet the ever-changing demands of consumers worldwide.

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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)

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