Cosmetics Market is valued at 392.40 billion US dollars in 2021 and is expected to reach a valuation of 542.5 billion US dollars by the end of 2027, projecting to have a compound annual growth rate of 6.32% during the forecast period of 2022-2027.

Cosmetics of, relating to, or making for beauty especially of the complexion; these are the main factors that have considerably increased the demand for the cosmetics in the market, thereby driving the huge growth of the cosmetics market in the upcoming years

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Market Drivers and Restrains:

The main factors that have considerably increased the demand for the cosmetics in the market is mainly due to the rising awareness regarding skin care routine, innovative product branding and advertising strategies. Increasing developments in sustainable cosmetics are creating opportunities for the growth of the market. However, growing awareness regarding side effects of synthetic chemicals is acting as a major restraint for the market growth. Increasing movement across consumers for transparency and traceability of ingredients used in products are acting as a major challenge for the growth of the market; these are the main factors that have considerably increased the demand for the cosmetics in the market, thereby driving the huge growth of the cosmetics market in the upcoming years

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Report is segmented as:

By category (skin and sun care products, hair care products, deodorants and fragrances, makeup and color cosmetics),
By gender (male, female and unisex),
By distribution channel (hypermarkets, supermarkets, specialty stores, pharmacies, online sales channels)
Geographical Segmentation:

cosmetics Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the cosmetics is due to increasing demand for skincare products such as face masks and anti-wrinkle creams the these are the main factors that have considerably increased the demand for the cosmetics in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase cosmetics in the Market

Impact of COVID-19 on Market

The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected cosmetics market. Covid-19 pandemic has impacted huge on the sales revenue of cosmetics market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the cosmetics market growth

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