New York, June 03, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Beauty and Personal Care Market, By Product Type, By Distribution Channel By Region, Competition, Forecast and Opportunities, 2026” – https://www.reportlinker.com/p06089429/?utm_source=GNW
Global beauty and personal care market was valued at USD422.72 billion in 2020 and is expected to reach USD558.12 billion, growing with the CAGR of 4.82% during the forecast period. The global beauty and personal care market is driven by ageing population and increasing per capita expenditure on beauty and personal care. Beauty care market is powerful and dynamic driven by strong consumption growth potential. This potential is supported by the rise of middle- and upper-income classes, as well as by the growing number of senior citizens on the lookout for products that meet their diverse aspirations and their infinite quest for beauty.
The global beauty and personal care market is segmented on the basis of product type, distribution channel, company, and region.In terms of product type, personal care is dominating the beauty and personal care market.
However, beauty care is witnessing steady growth over time.Beauty care contributes to the consumers’ well-being as well as self-esteem.
Makeup and color cosmetic is dominating the beauty care market with 60% market share due to increasing female working population and growing fashion trends and the popularity of social media channels like youtube, facebook and instagram. Nail care is spotted to be the fastest growing due to rising fashion trends among women, and financial affordability of women.
Regionally, the global beauty and personal care market has been segmented into Asia-Pacific, Europe, North America, South America and Middle East and Africa.Among these regions, Asia-Pacific is the leading market followed by North America and Europe due to rising disposable income, foreign direct investments, growing population and increasing internet penetration.
China is the second largest market for beauty and personal care after the United States in terms of revenue and consumption.To remain competitive in the market, companies are continuously engaged in mergers & acquisitions and product launches.
For instance, Beiersdorf AG, on August 30th, 2019, successfully completed the acquisition of the iconic sun care brand, Coppertone.Coppertone’s global operations will be transferred from Bayer to Beiersdorf, for a purchase price of USD550 million.
The company has entered the world’s largest sun care market and is strengthening its presence in North America. Coppertone™ has become the fifth brand in Beiersdorf’s skin care portfolio in North America, beside NIVEA, Eucerin, Aquaphor, and La Prairie as skin care is at the heart of Beiersdorf AG and caring for skin health through sun protection has been an essential pillar of their business for over 60 years.
The major players operating in the global beauty and personal care market are L’Oréal S.A., Hindustan Unilever Limited, The Procter and Gamble Corporation, The Estée Lauder Companies Inc., Shiseido Company Limited and Others. Major brands like L’Oréal are trying to discover, test and develop new beauty brands with rapid use of new powerful technologies such as virtual reality, augmented reality and artificial intelligence, that will totally change in the coming years towards an even greater level of service, customization and personalization.
Years considered for this report:
Historical Years: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
• To analyze the historical growth in the market size of the global beauty and personal care market from 2016 to 2020.
• To estimate and forecast the market size of the global beauty and personal care market from 2021 to 2026 and growth rate until 2026.
• To define, classify and forecast the global beauty and personal care market based on product type, distribution channel, region and company.
• To identify the dominant region or segment in the global beauty and personal care market.
• To identify drivers and challenges for the global beauty and personal care market.
• To examine competitive developments such as expansions, product launches, mergers and acquisitions, etc. in the global beauty and personal care market.
• To identify and analyze the profile of leading players operating in the global beauty and personal care market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst was able to include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of the global beauty and personal care market using a bottom-up and Top-down approach, wherein data for various product type segments were recorded and forecast for the future years. The analyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical data of these products and distribution channels for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by the analyst.
Key Target Audience:
• Beauty and personal care manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
• Organizations, forums and alliances related to beauty and personal care
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global beauty and personal care market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Global Beauty and Personal Care Market, By Product Type:
o Skin Care
o Hair Care
o Makeup and Color Cosmetics
o Beauty tools and Accessories
o Nail Care
o Others (Manicure, Pedicure, etc.)
• Global Beauty and Personal Care Market, By Distribution Channel:
Departmental Stores / Grocery Retails
Others (Institutional Stores, Experts Store, Salon, etc.)
• Global Beauty and Personal Care Market, By Company:
The Estée Lauder Companies Inc.
The Procter and Gamble Corporation
Shiseido Company Limited
• Global Beauty and Personal Care Market, By Region:
o South Korea
o North America
o United States
o United Kingdom
o South America
o Middle East and Africa
o Saudi Arabia
o South Africa
Company Profiles: Detailed analysis of the major companies present in the global beauty and personal care market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06089429/?utm_source=GNW
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