According to a new report published by Variant Market Research, the global cosmetics market size is forecasted to reach $$488 billion by 2025 from $364 billion in 2017, growing at a CAGR of 3.7% from 2017 to 2025. Geographically, the global dairy alternatives market is dominated by Europe.

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Cosmetics Market (By Category: Skin and Sun Care, Hair Care, Deodorants, Makeup and Color, and Fragrances; By Mode of Sale: Retail, and Online; By Gender: Men, and Women; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025

Increasing demand for skincare products fuels the market growth

Increasing concern about the appearances and beauty will enhance the market trend in the upcoming future. Increasing preferences for herbal & organic cosmetics and increasing disposable income are the major factors driving the cosmetics market growth over the upcoming years. The increasing fame of online shopping among consumers is accelerating the cosmetics market growth over the coming years. However, innovative beauty treatments and increasing consciousness for the adverse effects of cosmetics may restrain the market growth. Moreover, a shift in preference towards the usage of organic cosmetics may offer several growth opportunities in the upcoming years.

Market Segmentation

Global cosmetics market is segmented into: mode of sale, gender, and geography are the major segments considered in the global cosmetics market. By category, the market is categorized into skin and sun care, hair care, deodorants, makeup and color, and fragrances. By mode of sale, the market is bifurcated into retail, and online. Gender segment includes men, and women. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S. and Rest of North America. Germany, France, and Rest of Europe are analyzed under the European market. India, China, Japan, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific Market While RoW is bifurcated into South America, Middle East, and Africa. Apart from these, Trinidad & Tobago, Puerto Rico, Serbia, Australia, Greece are the regions where cosmetic market is experiencing a accelerated growth.

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Skin and Sun care held the largest market share in the category segment

Rising demands of skin and sun care products due to varying climatic conditions accelerates growth of cosmetics market. Skin and Sun care dominated the market share in 2017, in the category segment, and is expected to continue its dominance during the forecast period 2017 – 2025. The increased concern regarding beauty and launch of new products with more effective formulations has significantly driven the global market.

Retail accounted for the largest market share in the sale segment

Retail anticipated the largest market share in 2017, in the sale segment, and is predicted to continue the same during forecast period 2017 – 2025.Unsatisfied and doubted quality and delivery aspects from online shopping attributes the growth towards the retail sector.

In the gender segment women led for the largest market share

Women led for the largest market share in 2017, in the gender segment, and are expected to continue its dominance during the forecast period 2017 – 2025. The growth is attained due to the more usage of cosmetics by women worldwide.

Europe dominated the global market with highest market share over the forecast period

Europe led the overall market in 2017, contributing over 33.6%, and is expanding at a steady pace; this market is anticipated to retain its lead throughout the forecast period. Relatively high disposable income, inclination towards spending on appearance, and high penetration rate in the region stimulate the further market growth.

Competitive Landscape

The prominent players leading the market are Revlon Inc., L’Oreal Group, Oriflame Cosmetics AG, Avon Products, Inc., The Estée Lauder Companies, Inc., Alticor Inc., Kao Corp., Procter & Gamble Co., Skinfood, and Shiseido Co. Ltd., among others.

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Scope of the Global Cosmetics Market

Category Segments

• Skin and Sun Care
• Hair Care
• Deodorants
• Makeup and Color
• Fragrances

Mode of Sale Segments

• Retail
• Online

Gender Segments

• Men
• Women

Geographical Segments

• North America

o U.S.
o Rest of North America

• Europe
o Germany
o France
o Rest of Europe
• Asia-Pacific

o India
o China
o Japan
o South Korea
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2025.
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