Global Cosmetics Market is Growing with a CAGR of 5.8% in the Forecast Period of 2022 to 2029

Global Cosmetics Market is growing with factors, such as rising awareness regarding skin care routine and availability of customized beauty & skincare products. Changing lifestyle and increasing urban population have also given a boom to the global cosmetics market.

Surge in e-commerce to fuel demand in cosmetics products have propelled the growth of the market. However, awareness regarding side effects due to the use of synthetic chemicals is expected to hinder the market growth.

Global Cosmetics Market Scenario                                          

According to Data Bridge Market Research, the market for global cosmetics in Asia-Pacific has the highest market share followed by North America and Europe. Market leader is L’ORÉAL, which accounts for an estimated market share of approximately 13% to 16% in the global market. The company has gained outstanding sale by providing L'Oréal Luxe, Consumer Products, Active Cosmetics, and Professional Products.

  • In June 2021, L’Oréal S.A. launched the first cosmetic bottle made from plastic entirely recycled using Carbios’ enzymatic technology. The newly launched bottle is currently in the trial phase, and the company aims to put the bottle in production by 2025. This enhanced the company’s strategy of eco-responsible cosmetics and sustainable packaging.

Cosmetics Market

Trends Impacting the Market

Now the question is which other regions L’ORÉAL, Unilever, and The Estée Lauder Companies Inc. are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific cosmetics market and the market leaders are targeting China and Japan to be their next pocket revenue for 2022.

The cosmetics market is becoming more competitive with companies such as L’ORÉAL, Unilever and Estée Lauder Companies. These are the top dominating companies in the cosmetics market and have launched various products in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global cosmetics market.

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Cosmetics Market Developments

  • In June 2021, L’Oréal S.A. collaborated with Facebook to integrate the company’s technology platform, ModiFace, augmented reality and artificial intelligence company. The collaboration aimed at bringing AR-powered makeup try-ons to shopping on Instagram. This enhanced its ability to provide more personalized shopping for its users.
  • In September 2021, Unilever launched the Positive Beauty Growth Platform, a new initiative that aims to partner with scaleups and startups to drive innovation and brand growth. The platform aims at inviting new scaleups and startups through a series of pitch competitions. The company, through this platform, aims at harnessing startups’ disruptive approach to future-proof their brands and shaping the beauty industry.
  • In November 2021, The Estée Lauder Companies Inc. announced its partnership with Pulpex partner consortium to develop a recyclable paper bottle made from responsibly sourced pulp. The new paper bottle was designed to be widely recyclable in standard waste streams and will support The Estée Lauder Companies’ efforts to reduce the environmental impact of its packaging across the lifecycle. This enhanced the company’s progress towards its global sustainable packaging goals, including its latest commitment to reduce the amount of virgin petroleum plastic in its packaging to 50%.

Scope of the Cosmetics Market

Global cosmetics market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Luxembourg, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.

All country based analysis of the global cosmetics market is further analysed based on maximum granularity into further segmentation. On the basis of product type, the global cosmetics market is segmented into skin care, hair care, fragrances, make up and others. On the basis of nature, the global cosmetics market is segmented into organic and inorganic. On the basis of category, the global cosmetics market is segmented into mass product, premium product and professional product. On the basis of packaging type, the global cosmetics market is segmented into bottles and jars, tubes, containers, pouches, sticks, pumps & dispensers, blisters and strip packs, and aerosol cans. On the basis of distribution channel, the global cosmetics market is segmented into offline and online. On the basis of application, the global cosmetics market is segmented into women and men.

To know more about the study  https://www.databridgemarketresearch.com/reports/global-cosmetics-market

Key Pointers Covered in Cosmetics Market Industry Trends and Forecast to 2029

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Cosmetics market
  • Company profiling of top eight players of Cosmetics market

Key Market Competitors Covered in the Report

  • Procter & Gamble
  • L'Oreal S.A.
  • The Estee Lauder Companies Inc.
  • Coty Inc.
  • Shiseido Company, Limited
  • Colgate-Palmolive Company
  • Kao Corporation
  • Beiersdorf Group
  • Unilever
  • Amorepacific
  • Johnson & Johnson Services, Inc.
  • Revlon, Inc.
  • LMVH
  • Oriflame Cosmetics Global SA
  • Espa
  • Henkel AG & Co. KGaA
  • Mary Kay
  • Natura&Co
  • CHANEL
  • KOSÉ Corporation

Above are the key players covered in the report, to know about more and exhaustive list of cosmetics companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-cosmetics-market

Research Methodology: Global Cosmetics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Saloons, Dermatologist
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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