Cosmetic Products Market – Key Growth Drivers, Notable Trends, Technological Advances 2018-2023
Global Cosmetic Products Market is projected to grow at the CAGR of 5.4%. Cosmetic Products are used widely by the female population to make the external look more bright and youthful. Adoption of changing fashion trends has led to the increase in share of the cosmetic products market globally. Advancement in technology also has a major impact on the growth of cosmetic products. Increasing sale of cosmetic products amongst the population due to their property to protect skin against the allergens and pollution of the environment. Rising demand for personal care products is supporting the sale of cosmetics globally.
- L'Oréal S.A. (France)
- Avon Products, Inc (U.S.)
- The Estée Lauder Companies Inc. (U.S.)
- Oriflame Holding AG (Switzerland)
- Beiersdorf AG (Germany)
- Kao Corporation (Japan)
- Unilever (U.K.)
- Procter & Gamble Co. (U.S.)
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The Global Cosmetic Products Market is segmented on the basis of Type, Product-Category, Distribution Channel and Region.
Based on the type, skin care products is found to be escalating at a high CAGR.
Amongst the various product-category of cosmetic products, herbal cosmetics is calculated to hold a major share backed up by high demand for natural ingredients in personal care products. Modernization and technology advancements has led to the sale of cosmetic products through e-commerce.
Market Research Analysis:
This market research report further provides an insight on various levels of analysis such as industry analysis, market share analysis as well as leading market players and their profiles. This report also helps in studying target consumer segments by providing views on emerging and high-growth segments and market size. Together the market data comprise and discuss basic valuations on the competitive scenarios and strategies of the global cosmetic products market including high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides views of historical market values as well as pricing and cost analysis of the same.
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The Global Cosmetic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America region holds a major market share followed by Europe. The high demands for cosmetic products from the developed countries of these regions is contributing to the positive growth of Cosmetic Products market. Economic development and changing fashion trends is driving the cosmetic products market. U.S., China, Hong Kong, U.K. and Germany are the major importers of cosmetic products.
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