Global Cosmetics Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global cosmetics market will account to an estimated USD 435.47 billion in 2018 growing at a CAGR of 5.1% during the forecast period of 2019 to 2026.

Global Cosmetics Market

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Global Cosmetics Market:

Cosmetics are chemically produced substances or commodity that is used in the alteration of human characteristics & features. These products are usually applied on the face, hair or body of the individuals. Most of these products are produced through chemical processing with the ingredients acquired from natural sources.

Segmentation: Global Cosmetics Market

Global cosmetics market is segmented on the basis of category, distribution channel, gender and geography.

By Category (Skin & Sun Care Products, Hair Care Products, Deodorants, Fragrances, Makeup & Color Cosmetics), Distribution Channel (Retail Sale, Online Sale), Gender (Men, Women) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN COSMETICS MARKET

Increasing levels of disposable income

According to Organisation for Economic Co-Operation and Development (OECD), there has been a steady rise in the levels of disposable income in the European Union for top five countries with the highest level of disposable income per capita. This has seen the per capita income of Luxembourg rise from USD 42.21 in 2016 to USD 44.45 in 2017; Germany’s has risen from USD 37.48 in 2016 to USD 39 in 2017; Austria’s has risen from USD 35.65 in 2016 to USD 36.17 in 2017; France’s has risen from USD 33.03 in 2016 to USD 34.04 in 2017; Belgium’s has risen from USD 32.97 in 2016 to USD 33.95 in 2017.

This growth of the per capita disposable income is expected to positively drive the growth of the cosmetics market.

Global Cosmetics Market

Key Market Competitors: Global Cosmetics Market

Few of the major competitors currently working in the cosmetics market are LOreal International, Avon Products, Inc., Procter & Gamble, Unilever, Oriflame Cosmetics AG, REVLON, Kao Corporation, The Estée Lauder Companies Inc., Skin Food, Johnson & Johnson Services, Inc., Bayer AG, Henkel AG & Co. KGaA, Clarins, Alticor Inc., Mary Kay Inc., Beiersdorf AG, Yves Rocher, Shiseido Co.,Ltd, Maybelline New York and Nykaa E-Retail Pvt. Ltd.

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