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 found 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, such as neem extracts, soybean, fish oil, aloe vera, and guar gum, into their organic skincare product lines. This trend reflects the growing demand for safer, healthier alternatives in the cosmetics market. 

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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 and deodorants
• Distribution Channel
  • Offline
  • Online
• End-user
  • Men
  • Women
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • 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: 

• 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

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Market Scope in Cosmetic Products Market Research Report

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Research Analysis Overview

The cosmetics industry, encompassing self-care and wellness products, caters to consumers seeking enhanced personal appearance and well-being. Key players like Shiseido Company and Beiersdorf lead the market with innovative formulations. Social commerce, fueled by internet penetration and social media marketing, drives sales. Economic growth, fashion trends, and an aging global population boost demand for skincare and hair color. Technological developments address safety concerns over dangerous chemicals. Product innovation and brand recognition continue to shape this dynamic market on various social platforms.

Market Research Overview

The global personal care products market encompasses the production and research and development of various items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, the market size is determined by the collective revenue generated by manufacturers. Factors driving growth in this sector include the rise in disposable income, leading to increased expenditure on non-essential, luxury and lifestyle-related products, as well as the integration of technology in personal care through platforms such as social commerce, beauty tech, try-on apps, and personalization software, revolutionizing skincare formulations and consumer experiences.. 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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