Market Overview:
Personal care products are primarily used to help maintain and enhance the personal hygiene and physical appearance of an individual. These products are thus widely used across every household, by people belonging to all age groups, genders, and ethnic and economic status. Hygiene, the imperative to human health and wellbeing, is also the precursor to several diseases such as tuberculosis and malaria. Increasing preference for personal care products over the recent past is a result of increasing consumer awareness about various hygiene-related diseases as well as the benefits of such products to reduce the risk of the spread of these diseases. This, in turn, is boosting the growth of the personal care products market. Furthermore, rising health consciousness among the populace over the recent past is increasing inclination towards natural and organic personal care products, owing to increasing awareness about the negative health impacts of synthetic personal care products.
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Personal Care Products Market Outlook – Rising Demand for Multifunctional Personal Care Solution to Fuel Market Growth:
An increasing number of consumers are seeking to simplify daily beauty schedules, owing to their busy lifestyles. This has resulted in an increasing demand for multifunctional personal care products, meaning one product suffices several cleansing needs. These products offer various features such as cleansing, anti-aging, antioxidant properties, miniaturization, and UV protection. This, in turn, reduces the time spent on cleaning as well as the cost incurred by purchasing various products. For instance, Sana Pore Putty Keana Pate Shokunin, a Japan-based personal care products brand launched BB Cream Pore Tight Life SPF 50+ that offers multifunctional features. This product can be used as a serum, makeup primer, sunscreen, and concealer among others. Watsons Personal Care Stores based in China introduced Watsons Collagen Mineral BB Cream that contains minerals and fish collagen. This cream can be used as a skin softener, moisturizer as well as brightener. An increasing number of beauty-conscious females, as well as an increasing number of metrosexual males, are increasingly being inclined towards protecting and maintaining skin health. This in turn, is boosting the growth of the market. Also, large-scale advertisements promoting various products are further fueling the market growth. According to the Simmons National Consumer Survey (NHCS) based on the U.S. Census data in 2016, around 1.35 million people spent over US$ 500 on skincare products, in the U.S., the number for which is expected to increase over the forecast period.
Personal Care Products Market Taxonomy
On the basis of product type, the global personal care products market is segmented into:
Hair Care Products
Shampoo
Conditioner
Hair Gel
Hair Color
Hair Oil
Skin Care Products
Face Cream
Anti-Aging Cream
Skin Brightening Cream
Sun Protection Cream
Body Lotions
Premium Products
Mass Products
Oral Care Products
Toothbrushes
Toothpastes
Mouthwashes
Cosmetics
Multifunctional Products
Others
On the basis of distribution channel, the global personal care products market is segmented into:
Hypermarkets
Supermarkets
Departmental Stores
Others
Some of the major companies operating in the global personal care products market are Estee Lauder, Yves Rocher, The Body Shop, The Hain Celestial Group, L’Oreal S.A., Colgate-Palmolive Company, Johnson & Johnson, Unilever PLC, Avon Products Inc., Procter & Gamble, and Kao Corporation.
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