Latest News - Beauty And Personal Care Products Market: Skincare products are expected to lead the Product segment during 2025-2029

The Beauty And Personal Care Products Market is being driven by Growing popularity of anti-pollution skincare products

The Beauty And Personal Care Products Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 54.8 billion. The beauty and personal care industry is witnessing a significant shift towards products formulated with natural and organic ingredients due to increasing consumer awareness and health concerns regarding the use of toxic chemicals. Companies are responding to this trend by producing paraben-free, toluene-free, formaldehyde-free, sulfate-free, and artificial fragrance-free beauty and personal care products. ESSE SKINCARE is one such company that offers a comprehensive range of skincare solutions addressing various skin concerns, including acne, dryness, pigmentation, aging, oiliness, and sensitivity, all made with natural and organic ingredients. These products are free from harmful chemicals such as parabens, toluene, formaldehyde, artificial fragrances, dibutyl phthalate (DBP), petroleum-based chemicals, butylated hydroxyanisole (BHA), and sulfates. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Skincare products
  • Haircare products
  • Color cosmetics
  • Fragrances
  • Others
• Channel
  • Offline
  • Online
• Gender
  • Female
  • Male
  • Unisex
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of anti-pollution skincare products
• Convenient digital payment options
• Rise in demand for mens personal care products

However, the market also witnesses some limitations, which are as follows:

• Adverse health effects of chemical/synthetic ingredients
• Significant presence of counterfeit products
• Regulations on product composition, labeling, and packaging

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Market Scope in Beauty And Personal Care Products Market Research Report

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Research Analysis Overview

The Beauty and Personal Care Products market encompasses various segments including Skin care, Color cosmetics, and Hair care. Millennials and Gen Z consumers prefer natural, nontoxic, and organic ingredients. Sales channels span from conventional to online, with a growing trend towards eco-friendly and vegan cosmetics. Product innovation focuses on natural formulations, mergers and acquisitions shape the industry landscape, and regulatory bodies like the European Commission oversee safety standards. Home-made remedies and DIY beauty treatments contrast the commercial market, with consumers increasingly turning to organic beauty products and the Skincare market leading the charge.

Market Research Overview

The global personal care products market encompasses the production and research and development of various items, including cosmetics, skin care, and hair care products, as well as masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, market size is determined by the collective revenue generated by manufacturers in this sector. Factors fueling market expansion include the positive correlation between disposable income and discretionary spending, particularly on luxury and lifestyle-related goods, such as beauty and personal care products. Millennials, with their preference for natural ingredients and eco-friendly formulations, are a significant demographic driving market growth in the cosmetics segment. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/