Impact of COVID-19 on Global Cosmetic Industry Research and Forecast 2019-2025


Posted July 21, 2020 by globalomr

Global Cosmetic Market Size, Share & Trends Analysis Report by Product Type (Skin Care, Hair Care, Make-up, Toiletries & Perfumes, and Oral Cosmetics), Impact of COVID-19 on Global Cosmetic Industry, and Forecast 2019-2025

 
The global cosmetic companies manufacture various beauty care products with a mixture of chemicals. These cosmetic products are widely used by consumers to enhance the appearance or odor of their bodies. The factors that were fueling the growth of the market before the COVID-19 pandemic include the improvements in the current lifestyle, rising disposable income coupled with the growth in concern related to appearance. Additionally, the companies are using social media platforms such as Instagram, YouTube to promote their products and engage more customer base. With the aid of social media influencer, the companies are showcasing their products on various platforms.

A full report of Global Impact of COVID-19 on Global Cosmetic Industry is available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-cosmetic-industry

However, with the outbreak of Covid-19 since January 2020, the market of global cosmetic products has shown declining results in the growth rate. Due to the lockdown situation going on across the globe cosmetic manufacturers had to shut down their production units as a result of the labor shortage. Additionally, numerous cosmetic stores were also shut down as the result of the COVID-19 pandemic.

The global cosmetic industry report is segmented based on product type into skincare, haircare, make-up, toiletries & perfumes, and oral cosmetics. Almost all the segments of the cosmetic industry have experienced a similar downfall in sales during the outbreak due to the closing of offline stores at various locations across the globe.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-cosmetic-industry

Effect of COVID-19 on the cosmetic industry can be observed globally in all the regions including North America, Europe, Asia Pacific and Rest of the Word. In the US, the lockdown situation is going on for a long period of time as per the government guidelines. Most of the companies also had to cut down the workforce or had to send their employee for work from home leading to a decline in production rate. Additionally, the same downfall of the cosmetic industry was also experienced in the European region. Also, Italy is known as fashion capital globally had suffered most since most of the fashion shows got cancelled due to the COVID-19 outbreak. Now, the outbreak has spread in the other parts of the region also including Spain, Germany, France, and UK which is further expected to decrease the demand for cosmetic products in the region.

Verticals Affected Most

• Skin Care
• Hair Care
• Make-up
• Toiletries & Perfumes
• Oral Cosmetics

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-global-cosmetic-industry

Global Impact of COVID-19 on Global Cosmetic Industry– Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Amorepacific Group
• Avon Products, Inc.
• Beiersdorf AG
• Chanel S.A.
• Coty Inc.
• Estee Lauder Companies Inc.
• Henkel AG & Co., KGaA
• Johnson & Johnson
• Kao Corp.
• L Brands, Inc.
• L'Oreal SA
• LVMH Moet Hennessy – Louis Vuitton SE
• The Procter & Gamble Co.
• Shiseido Co. Ltd
• Unilever PLC

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +1 646-755-7667, +91 7803040404
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Arti Sharma
Phone +91 7803040404
Business Address 305-308, Commerce House, Janjeerwala Square, Indore, Madhya Pradesh 452001
Country India
Categories Business , Fashion , Lifestyle
Tags cosmetics , Personal care , Coronavirus , COVID-19
Last Updated July 21, 2020