Latest News- Cosmetic Products Market: Skincare products is expected to lead the Product segment during 2025-2029

The Cosmetic Products Market is being driven by Rise in aging population

The Cosmetic Products Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 126.4 billion. The cosmetics industry is witnessing a significant shift in consumer preferences towards organic and chemical-free products. These offerings, often referred to as cosmeceuticals, provide the added benefit of containing biologically active compounds that offer medicinal effects on the skin, while being devoid of harsh, toxic chemicals. Parabens and phthalates, commonly used in chemical-based cosmetics, have been linked to health concerns such as cancer and Type II diabetes. In response, manufacturers are increasingly incorporating natural raw materials, including neem extracts, soybean, fish oil, aloe vera, and guar gum, into the production of organic skincare products. This trend underscores the growing demand for safer, more effective, and health-conscious cosmetics. 

Get more information on Cosmetic Products Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Skincare products
  • Haircare products
  • Color cosmetics
  • Fragrances and deodorants
• Distribution Channel
  • Offline
  • Online
• End-user
  • Men
  • Women
• Category
  • Conventional
  • Natural/Organic
  • Vegan
• Price Range
  • Mass/Economy
  • Mid-Range
  • Premium/Luxury
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

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

• Rise in aging population
• Presence of premium brands
• Rapid urbanization

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

• Presence of counterfeit products
• Stringent regulations
• Price of natural or organic cosmetic products

Benefits of Buying Global Cosmetic Products Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Cosmetic Products Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Cosmetic Products Market is driven by various trends and factors including 'Clean Beauty Standards' and 'Ingredient Transparency'. Ethical sourcing and 'Sustainable Packaging' are also key considerations. 'Biodegradable Ingredients' and 'Clinical Efficacy' remain important for consumers. Product innovation continues to be a focus with 'Personalized Beauty' and 'Skin Analysis' gaining popularity. AI-powered skincare, 'Virtual Try-On', and 'Skincare Subscription Services' are disrupting traditional 'Skincare Routines'. Beauty trends are influenced by 'Beauty Influencers' and 'Beauty Bloggers' in the 'Beauty Community'. Social media platforms fuel 'Beauty Content' and 'Beauty Education'. 'Beauty Tips' and 'Beauty Hacks' are shared through 'Beauty Tutorials' and 'Beauty Advice'. 'Beauty Services' such as 'Facial Treatments', 'Spa Treatments', and 'Salon Services' continue to be in demand. Cosmetics Retail is diverse with 'Department Stores', 'Specialty Stores', 'Online Retailers', and various market segments like the 'Beauty Market', 'Luxury Beauty Market', 'Mass Market Beauty', 'Global Beauty Market', and 'Emerging Beauty Markets'. The 'Beauty Industry' continues to evolve with new innovations and consumer preferences.

Market Research Overview

The global personal care products market encompasses the production and research and development of a wide range of items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers in this sector. Factors driving growth in this market include the rise in disposable income, leading to increased expenditure on luxury and lifestyle-related products such as natural cosmetics, organic cosmetics, luxury cosmetics, mass market cosmetics, color cosmetics, and skincare items. This trend is particularly prominent in emerging economies, where consumers are becoming increasingly conscious of their appearance and personal grooming.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/