Global cosmetics market is expected to rise from its initial estimated value of USD 435.47 billion in 2018 to an estimated value of USD 648.31 million by 2026, registering a CAGR of 5.10% during the forecast period of 2019-2026. This rise in market value can be attributed to the changing lifestyles and rising disposable income of several countries.
Market Definition: Global Cosmetics Market
Cosmetics Market is a mixture of chemical usually used for enhancing the odour or appearance of the human body. Deodorants, skin care and hair care are few types of cosmetics which are available in the market. The rising geriatric population and their increasing demand for maintaining a youthful appearance have expanded the cosmetics market.
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The major areas of market analysis such as market definition, market segmentation, competitive analysis and research methodology are studied very carefully and precisely in the whole Cosmetics report. It covers a thorough study of the current situation of the global market along with several market dynamics. And not to mention, the report is amazingly characterized by using several charts, graphs and tables depending on the extent of data and information involved. This Cosmetics market research report is a sure solution to get market insights with which you can visualize market place clearly and thereby take important decisions for the growth of your business.
Rising demand for natural ingredients in various cosmetic products is expected to drive the market growth
Attractive marketing strategies and changing packaging styles are also expected to stimulate market growth
Advanced beauty treatments are expected to restrain the market growth
Growing awareness related to the possible side-effects of cosmetics is also expected to hamper the market growth
Segmentation: Global Cosmetics Market
Skin and Sun Care Products
Hair Care Products
Makeup & Color Cosmetics
By Distribution Channel
5.2 Online sale
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In January 2019, LOreal International is recognized as the global leader in the world for the third time in a row with a triple “A” score. This would help in the development of the company and also helps to enhance the customer base.
In December 2018, Avon Products, Inc. launched new K-beauty collection products with a wide range of new and innovative products from Korea. This strategy helped the company to expand its product portfolio.
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