Beauty and Personal Care Market Size, Share, Growth, and Industry Analysis, By Type (Skin Care, Hair Care, Oral Care, Colour Cosmetics and Makeup, Fragrances and Deodorants, Soaps and Shower Gel, Sun Care Products & Others), By Application (Hypermarkets and Retail Chains, Specialty Stores, Pharmacies, E-Commerce) and Regional Insights and Forecast to 2032

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Beauty and Personal Care MARKET REPORT OVERVIEW

The global Beauty and Personal Care market size was valued at approximately USD 48.99 billion in 2023 and is expected to reach USD 826.95 billion by 2032, growing at a compound annual growth rate (CAGR) of about 5.1% from 2023 to 2032.

This industry includes an enormous range of products aimed at improving its appearance and health. Their products range from cleansers, toners, moisturisers, and makeup products that enhance the required appearances of the human body. Hair products such as shampoos, conditioners, and hair styling equipment and processes deal with hair type and problems. Fragrance also has a crucial role, and perfumes and colognes give personal note in this case.

GLOBAL CRISES IMPACTING MILITARY BELT MARKET

"COVID-19 Impact: Market Growth Accelerated due to Germination of Awareness of Hygiene and Personal Care"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic unpredictably stimulated the development of some of these segments of this market. Germination of awareness of hygiene and personal care led to higher purchasing trends for hand sanitisers, face masks, and skin care products. Increased stays at home resulted in increased spending on at-home beauty treatments and hair care products. These changes in consumer behaviour triggered new chances for brands and retailers to meet these varied emerging wants and needs.

LATEST TRENDS

"Economically Friendly Products to Propel the Market Growth"

This industry is growing rapidly, and few major factors are influencing the market. This continues to be a major consideration, with consumers demanding products that are environmentally, socially, and economically friendly. Purity, focused again on natural and toxin-free products, remains a growth trend. Another trend is personalisation, and companies provide tailored products according to these requirements for face and hair treatments.

Beauty and Personal Care MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Skin Care, Hair Care, Oral Care, Colour Cosmetics and Makeup, Fragrances and Deodorants, Soaps and Shower Gel, Sun Care Products & Others

• Skin Care: This segment consists of products that are used to wash, smooth, nourish, and cover skin. They cover exfoliators and scrubs, astringents and toners, lotions and creams, solutions and gels, eye preparations, masks, and protectants, including sunscreens.

• Hair Care: Within this segment, the products are those that are used for washing, conditioning, and managing hairs. These products consist of shampoos, conditioners, hair masks, hair oil, hair sprays, gels, and styling accessories.

• Oral Care: This segment comprises products meant for care of the mouth with especial attention to care of teeth. They consist of tooth brushes, toothpastes, mouthwash, teeth cleaning twine, and teeth whitening gels.

• Colour Cosmetics and Makeup: This segment comprises the items one uses to augment their face attractiveness in some or other way. They are foundation, concealer, powder, blush, eyeliner, mascara, lipstick, eyeshadow, bronzer, and highlighter.

• Fragrances and Deodorants: This segment comprises products used in filling the body with a good aroma. This comprises fragrant body splashes, fragrances, scents, and fragranced body mists.

• Soaps and Shower Gel: This segment includes products that cleanse the body by way of purification. The subcategories are: bar soap, liquid hand washing soap, shower and bath products, and body washes.

• Sun Care Products: This segment is comprised of those skincare products that offer shields from UV radiation. This is products in the form of gels, lotions, creams, and even aerosol sprays.

By Application

Based on application the market can be categorized into Hypermarkets and Retail Chains, Specialty Stores, Pharmacies, E-Commerce

• Hypermarkets and Retail Chains: Retail mass-appeal; these giant stores boast a broad selection of beauty, health, and wellness products.

• Speciality Stores: These stores are specialised stores selling only hair products, face products, or makeup products, therefore providing specific service.

• Pharmacies: Supermarkets and drug stores stock various cosmetics and toiletries, including those products that have health benefits.

• E-commerce: It is very easy to buy these products online; the choice is great, and you get personalised advice.

MARKET DYNAMICS

Market Dynamics Include Driving and Restraining Factors, Opportunities and Challenges Stating the Market Conditions.

DRIVING FACTORS

"Rising Disposable Income to Expand the Market"

One of the key driving factors of Beauty and Personal Care Market growth is the Rising disposable income. Although these products are seen as luxury products, consumers are willing to spend on them as their disposable income rises.

"Growing Awareness of Health and Wellness to Advance the Market"

There is a general trend towards health and, hence, increased concern with what goes onto the skin.

RESTRAINING FACTOR

"Animal Testing to Pose Potential Impediments on this Market"

There is a major threat holding the Beauty and Personal Care Market share that is rising concerns about animal testing and shifting customer focus towards using products that are not tested on animals. People are making consumer choices more consciously and are not indifferent to the fact of animal testing or, conversely, are interested in products that do not involve such testing.

OPPORTUNITY

"Internet Marketing to Create Opportunity in this Market"

The escalating popularity of the e-commerce business is one of the most prominent prospects within this market. Internet marketing is an easy and efficient means adopted by consumers in the purchase of a wide spectrum of products. E-commerce also has the advantage of amplify dissemination of brands to the various target consumers, including the specific segments and the global market.

CHALLENGE

"Environmental Issues to Pose Potential Challenge for this Market"

Environmental issues such as acts on ingredients and content listing or advertising are widely regarded as one of the primary challenges to the growth of this market. With increased consumer knowledge, there is pressure on brands to provide accountability for how they operate. Tighter controls pose threats to the innovation of the manufacturing industry as well as the complexity that comes with additional costs.

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BEAUTY AND PERSONAL CARE MARKET REGIONAL INSIGHTS

• North America

The North American region is a strategic market that is innovation and trend setting in this market at the global level. The area is particularly relevant to premium beauty products, and the focus is also made on clean and sustainability aspects. The United States Beauty and Personal Care Market is a complex and highly developed market, which creates demand for goods and services across a broad spectrum from the mainstream to the luxury.

• Europe

Europe is another market that places primary emphasis on skincare and has a bent towards natural and organic products. The inhabitants of Europe are conscious; they care most about the quality as well as effectiveness. It is an important hub for luxury beauty product brands and giants in the mass market segment category as well.

• Asia

The climate of Asia is swiftly changing, and the changing climate is incorporating new markets such as China, South Korea, or Japan. Asian clients are gradually adapting to trends in the international cosmetics market, and the region is associated with the independent development of skin care and makeup. K-beauty and J-beauty have recently changed the direction of the beauty industry worldwide. Asian consumers are especially conscious about brands, and they are willing to spend on the best brands.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Beauty and Personal Care Market through New Products"

A number of prominent industrial participants have a major impact contribution on this market through new generation products and branding and designs as well as marketing channels. Such players, which include the MNCs and the upcoming brands, spend a lot of money on research in order to come up with new products in the market. They also apply excellent brand images and promotional tools to create brand equity and drive demand favours. Also, through their broad supply chain networks, they can receive a large number of consumers both in the domestic market and overseas. Having established themselves as market leaders who set key parameters of this market and influence its consumers ‘purchasing behaviour, these key players are important in the growth and development of this market.

List Of Beauty and Personal Care Companies

• L’Oreal (France)
• Unilever (U.K.)
• Procter & Gamble (U.S.)
• Estee Lauder (U.S.)
• Shiseido (Japan)

INDUSTRIAL DEVELOPMENT

March 2024: L’Oreal declared in March 2024 that it is to increase its spending on sustainable packaging tremendously. The company pledged to cut on plastic consumption even as it sought to improve the use of recycled materials in its products. This move is in response to increasing consumer consciousness about the use of environmentally friendly and sustainable products in the beauty products market.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Beauty and Personal Care Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.