Authored By: Sarah
02 Mar 2023

Beauty and Personal Care Products Market Size to Grow by USD 57.45 Billion at a CAGR of 5.06% Between 2022 and 2027

The beauty and personal care products market size is estimated to reach USD 57.45 billion, progressing at a CAGR of 5.06% by 2027. The growing popularity of anti-pollution skincare products is a key factor driving the beauty and personal care products market growth. 

Don’t miss out on the business opportunities in the Beauty and Personal Care Products Market. Unlock the Sample Report and gain crucial market insights that will benefit your business growth. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 190.82 Billion.

Browse Technavio's 165-page report and in-depth TOC on "Beauty and Personal Care Products Market by product (skincare products, hair care products, color cosmetics, fragrances, and others), channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

View detailed Table of Contents Here: https://www.technavio.com/report/beauty-and-personal-care-products-market-analysis

Beauty and Personal Care Products Market Size to Grow by USD 57.45 Billion at a CAGR of 5.06% Between 2022 and 2027

The beauty and personal care products market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major beauty and personal care products market vendors are:  

  • AMOREPACIFIC Group Inc.
  • Beiersdorf AG
  • Edgewell Personal Care Co.
  • Helios Lifestyle Pvt Ltd.
  • LVMH Moet Hennessy Louis Vuitton SE
  • Oriflame Holding AG
  • Revlon Inc.
  • Shiseido Co. Ltd.
  • The Estee Lauder Co. Inc.
  • VI JOHN GROUP
  • CHANEL Ltd.
  • Coty Inc.
  • Johnson and Johnson
  • Kao Corp.
  • LOreal SA

APAC Accounts for the Largest Market Share in the Beauty and Personal Care Products Market 

Based on geography, the beauty, and personal care products market is segmented across APAC, North America, Europe, South America, and the Middle East and Africa. APAC is projected to contribute 54% of the beauty and personal care products market by 2027. This prominent growth is mainly attributed to the growing awareness of the benefits of using beauty and personal care products among customers and the rising introduction and consumption of premium beauty and personal care products.

Factors Impacting the Beauty and Personal Care Products Market Growth 

  • The growing popularity of anti-pollution skincare products is a key factor driving the beauty and personal care products market value. 

  • The emergence of beauty and personal care products with natural ingredients is the major beauty and personal care products market trend that will positively influence market growth. 

  • Adverse health effects of chemical/synthetic ingredients are a major challenge to the beauty and personal care products market size. 

Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the beauty and personal care products market. Download the PDF Sample Report 

Key Highlights Covered in the Report  

  • YOY growth rate of the beauty and personal care products market. 

  • A diversified analysis of the market’s competitive landscape and detailed information about vendors. 

  • Accurate prediction about upcoming trends and changes in consumer behavior across APAC, North America, Europe, South America, and Middle East and Africa. 

  • Comprehensive details of factors that will impact the growth of beauty and personal care products market vendors. 

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