Global Cosmetics Market, By Product Type (Skin Care, Hair Care, Make Up, Fragrances, and Others), Nature (Inorganic, Organic), Category (Mass Product, Premium Product, and Professional Product), Packaging Type (Bottles and Jars, Tubes, Containers, Pumps & Dispensers, Sticks, Aerosol Cans, Pouches, Blisters, and Strip Packs), Distribution Channel (Offline, Online), Application (Women, Men) – Industry Trends and Forecast to 2030
Cosmetics Market Analysis and Size
Major factors driving the growth of the global cosmetics market are rising awareness regarding skincare routines, innovative product branding, and advertising strategies. Increasing developments in sustainable cosmetics are creating opportunities for the growth of the market. However, growing awareness regarding the side effects of synthetic chemicals is acting as a major restraint for market growth. Increasing movement across consumers for transparency and traceability of ingredients used in products is acting as a major challenge for the growth of the market.
Data Bridge Market Research analyses that the global cosmetics market which was USD 254,227.06 million in 2022, would rocket up to USD 399,123.33 million by 2030, and is expected to undergo a CAGR of 5.80% during the forecast period. This indicates that the market value. The cosmetic & personal care segment is expected to dominate the market as it provides smoothening properties to the products. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Cosmetics Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015-2020)
Revenue in USD Million, Volumes in Units, Pricing in USD
Product Type (Skin Care, Hair Care, Make Up, Fragrances, and Others), Nature (Inorganic, Organic), Category (Mass Product, Premium Product, and Professional Product), Packaging Type (Bottles and Jars, Tubes, Containers, Pumps & Dispensers, Sticks, Aerosol Cans, Pouches, Blisters, and Strip Packs), Distribution Channel (Offline, Online), Application (Women, Men)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
Procter & Gamble (United States), L'Oreal S.A. (France), The Estee Lauder Companies Inc. (United States), Coty Inc. (United States), Shiseido Company, Limited (Japan), Colgate-Palmolive Company (United States), Kao Corporation (Japan), Beiersdorf Group (Germany), Unilever (United Kingdom and Netherlands), Amorepacific (South Korea), Johnson & Johnson Services, Inc. (United States), Revlon, Inc. (United States), LMVH (France), Oriflame Cosmetics Global SA (Switzerland), Espa (United Kingdom), Henkel AG & Co. KGaA (Germany), Mary Kay (United States), Natura&Co (Brazil), CHANEL (France), KOSÉ Corporation (Japan).among others
Cosmetics are used to enhance the beauty and physical appearance of a person. Primarily, these cosmetic products are manufactured from artificial sources. The purpose of cosmetic products is mainly intended for external cleaning, perfumes, changing appearances, correcting body odor, protecting skin, and conditioning among others. Ranging from antiperspirants, fragrances, make-up, and shampoos, to soaps, sunscreens, and toothpastes, cosmetics and personal care products play an essential role in all stages of a consumer’s life.
Global Cosmetics Market Dynamics
- Growing awareness among consumers regarding skincare routine
In recent years, the cosmetics market has benefitted from the renewed focus on hygiene and self-care routines. The increasing demand for self-care products to combat stress & anxiety, and the tendency of consumers to increase their engagement in self-care routines as a means of feeling good and looking better, has been the major driver for the cosmetics market. The interest in natural and organic ingredients has further increased the awareness and demand for skin care products such as face masks, body scrubs, toners, and serums among users, as it emphasizes changing their existing skin care.
- Availability of customized beauty & cosmetic products
Beauty companies and manufacturers are continuously introducing customization and digitalization in cosmetic products, attributed to the increasing demand for personalized skin care. Consumers are becoming aware of the beauty and skincare products in the market. The technological advancements in the industry are leading consumers away from the cosmetic product just made for the generic skin type. Consumers are becoming extremely careful about choosing the product according to their skin type. As a result, beauty companies focus on catering to such consumers with products that are ideal for their use, enabling them to increase consumer engagement in the market.
- Focus on research and developments in the production of sustainable cosmetics
With Gen Z and millennial consumers expressing a willingness to pay a premium for eco-friendly goods, beauty brands increasingly take sustainability seriously. Emerging economies of the world have witnessed increasing demand for sustainable beauty brands. This can be attributed to social norms and responsibility towards environmental preservation, owing to which the brands are embracing planet-friendly positive strategies
- Rise in awareness regarding side effects caused due to use of synthetic chemicals and ingredients
There are many instances in the beauty industry where the users have claimed not getting the result as projected by the brand. Substandard quality, grade, and harmful compositions can result in allergies, discoloration, texture alteration, or permanent damage to the skin or hair. Increased usage and unregulated production have led to a steep rise in side effects suffered by consumers. It is important for the consumer to thoroughly inspect and study the cosmetic product before using it, as it may contain ingredients not suited for one's skin or to which one is allergic. The product's chemical may get absorbed into the skin and cause irritation and other side effects. Thus, increasing awareness regarding such instances may restrain the growth of the market.
- Necessity of transparency for ingredients used in cosmetic products
End-to-end transparency and traceability are gaining focus as consumers become more educated and aware of the cosmetic product they trust and adopt. The challenge lies with the manufacturers in how they make this information available to the consumers to advance in safety, quality, and sustainability in the market. With a clean beauty movement on the edge of the industry, it has become more important for consumers to understand the product and its source. Thus a clean product can easily be rendered problematic via ecological harm and unethical practices linked to its ingredient sourcing.
This poses a challenge for many market players claiming to provide sustainable solutions to make their consumers aware of where their ingredients came from if they are truly serious about sustainability. This global cosmetics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Cosmetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
- On June 2022, L’Oreal relaunched Lancome, a luxury beauty brand in India. They also stated that it has been observed that there is a significant rise in high-end and luxury categories in personal care and beauty segments in India, which is the main reason behind the relaunch.
Global Cosmetics Market Scope
The global cosmetics market is segmented on the basis of type, price range, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Skin Care
Skin Care, By Type
- Body Lotions
- Cleansing Cream
- Facial Remover
- Body Wash
- Night Serum
- Day Cream
- Hand & Foot Creams
- Hair Care
Hair Care, By Type
- Hair Color
Hair Color, By Type
- Hair Dyes And Colors
- Hair Bleaches
- Hair Tints
Hair Color, By Hair Type
- Make Up
Make Up, By Type
- Eye Shadows
- Creams & Gels
- Mass Product
- Premium Product
- Professional Product
- Bottles And Jars
- Pumps & Dispensers
- Aerosol Cans
- Blisters And Strip Packs
Offline, By Category
- Specialty Stores
Women, By Product Type
- Skin Care
- Hair Care
- Make Up
Men, By Product Type
- Skin Care
- Hair Care
- Make Up
Kids, By Product Type
- Skin Care
- Hair Care
- Make Up
Global Cosmetics Market Regional Analysis/Insights
The cosmetics market is analyzed and market size insights and trends are provided by country, product type, end-user, distribution channel, packaging type, category, and form as referenced above.
The countries covered in global cosmetics market report are the U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Luxembourg, Rest of Europe in Europe, China, Japan, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Rest of South America in South America.
In 2022, Asia-Pacific is expected to dominate the market due to the diversity and dynamic market range with huge demands for various products in the region. Moreover, the demand for cosmetics is huge in countries, such as China, India, Japan, and South Korea, due to the presence of a large number of consumers and the presence of top market players.
China accounted for the maximum share in the cosmetics market due to increasing demand for skincare products such as face masks and anti-wrinkle creams. The U.S. accounts for the second largest market due to the presence of a large number of dominating players in the region. Germany has witnessed high growth in cosmetics due to the increasing interest of customers in organic products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cosmetics Market Share Analysis
The global cosmetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global cosmetics market.
- Some of the major players operating in the global cosmetics market are:
- Procter & Gamble (United States)
- L'Oreal S.A. (France)
- The Estee Lauder Companies Inc. (United States)
- Coty Inc. (United States)
- Shiseido Company, Limited (Japan)
- Colgate-Palmolive Company (United States)
- Kao Corporation (Japan)
- Beiersdorf Group (Germany)
- Unilever (United Kingdom and Netherlands)
- Amorepacific (South Korea)
- Johnson & Johnson Services, Inc. (United States)
- Revlon, Inc. (United States)
- LMVH (France)
- Oriflame Cosmetics Global SA (Switzerland)
- Espa (United Kingdom)
- Henkel AG & Co. KGaA (Germany)
- Mary Kay (United States)
- Natura&Co (Brazil)
- CHANEL (France)