Cosmetics Market, Size, Global Forecast 2024-2032, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
Cosmetics Market Outlook
Global Cosmetics Market Size is anticipated to reach US$ 498.05 Billion by 2032, according to Renub Research. Cosmetics have seamlessly woven into people's daily activities, becoming an indispensable part of modern life. From skincare to makeup, they offer enhancement, a method of self-expression, and confidence. The beauty industry constantly innovates, catering to numerous needs and alternatives. Individuals curate personalized routines with many options, embracing cosmetics as products and tools for empowerment and self-care. As society progresses, cosmetics stay steadfast, reflecting the dynamic interaction among beauty, lifestyle, and identity.
Global Cosmetics Market is predicted to grow at a CAGR of 5.32% during the projection period (2024 to 2032)
The considerable adoption of skin care and personal care merchandise propels the global cosmetics market throughout the forecast period. A developing elderly population worldwide similarly fuels the surge. Dynamic style developments and widespread innovation in hair color, skincare formulations, and packaging contribute notably to the expansion of the cosmetics market. The industry's adaptability and responsiveness to evolving consumer possibilities ensure a robust trajectory, growing a harmonious blend of necessity, trend, and innovation in the ever-expanding realm of cosmetics.
Moreover, the customization and personalization trend in the global cosmetics market provides a unique opportunity for brands to interact with customers by tailoring products to individual preferences. Manufacturers can offer personalized skincare exercises, makeup shades, and formulations by leveraging technology. This not only complements the consumer experience but also fosters brand loyalty. The ability to cater to various needs and possibilities allows corporations to differentiate themselves in a competitive market and meet the developing demand for bespoke beauty solutions. Hence, the global cosmetics market was US$ 312.37 Billion in 2023.
The symbiotic increase in the fashion and entertainment sectors fuels a surging demand for contemporary cosmetics. Heightened consciousness of cosmetics' beneficial properties and recurring use stems from the speedy growth of these industries. Their influence emerges as pivotal drivers propelling the global cosmetics market forward. As purchasers search to align with evolving traits and maintain a sophisticated appearance, the demand for progressive cosmetic products strengthens. This, in turn, establishes the fashion and entertainment sectors as quintessential pillars in shaping the cosmetics panorama.
Besides, the surge in working women and heightened millennial appearance awareness propel the global cosmetics market to increase. Increasing attention to harmful chemical compounds activates the upward push of natural and organic facial cosmetics. India and China dominate the thriving color cosmetics industry, with local players like the Shahnaz Husain Group specializing in herbal/ayurvedic products. Further, the demand for long-lasting, water-proof, SPF-infused, and vitamin-rich makeup presents a beneficial opportunity for critical players, fostering innovation in the cosmetics market. This evolving panorama aligns with patron choices for healthier, enduring beauty solutions.
Skin and sun care products could take the lead in the cosmetics market
By product types, the global cosmetics market is fragmented into Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Makeup and Color Cosmetics, and Others. Skin and sun care products might dominate the global cosmetics market. This is due to the escalating focus on skin care's important position in health and beauty. These products are in high demand with a growing emphasis on sun protection to save skin harm. The ever-increasing occurrence of skin-related worries and an ever-increasing older population searching for anti-aging solutions similarly contribute to their dominance. Continuous innovation in formulations and an increasing purchaser base looking for effective skincare routines. This solidifies the placement of skin and sun care products at the vanguard of the global cosmetics market.
Women possibly hold a substantial portion of the global cosmetics market
By gender, the global cosmetics market is segmented into Men, Women, and Unisex. Women dominate a significant share of the global cosmetics market. Societal norms emphasizing women's looks propel increased investment in beauty merchandise. Women's ancient inclination towards skincare and makeup as a part of self-care rituals contributes to this dominance. Moreover, the cosmetics industry strategically designs diverse products for women's distinctive needs and prospects. Consequently, their considerable cosmetic market presence results from cultural effects and centered advertising methods to satisfy their beauty aspirations.
Supermarkets and hypermarkets could command a notable portion of the global cosmetics market
By distribution channels, the global cosmetics market is categorized into Supermarkets/hypermarkets, Specialty Stores, Pharmacies, Online Sales, and Others. Supermarkets and hypermarkets might proclaim a significant share of the global cosmetics market. This is owed to their accessibility and comprehensive purchaser reach. These retail giants offer a range of cosmetic merchandise under one roof, supplying convenience to consumers. Also, their competitive pricing strategies and promotional activities attract finance-conscious purchasers. With an in-depth presence in urban and suburban regions, supermarkets and hypermarkets serve as key distribution channels. This captures a good-sized part of the cosmetics market and solidifies their function as industry leaders.
United States exerts significant influence in the global cosmetics market
By country, the global cosmetics market is divided into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (Saudi Arabia, United Arab Emirates and South Africa). The United States wields substantial influence in the global cosmetics market.
Major multinational companies, including Estée Lauder and Procter and Gamble, established within the US, exert a considerable effect through their expansive international reach and numerous brand portfolios. These agencies prioritize innovation, research, and improvement, constantly introducing new products to meet multiple customer needs. Furthermore, the United States' substantial marketing campaigns and cultural influence are pivotal in shaping global beauty tendencies, fueling worldwide demand for cosmetics in the United States.
Key Players
The companies present in the global cosmetics market are Coty Inc., Procter & Gamble, The Estee Lauder Companies Inc., Colgate-Palmolive Company, Johnson & Johnson Services Inc., Revlon, Inc., Beiersdorf Group, Kao Corporation, LVMH, Mary Kay Inc.
- In August 2023 - Kao Corporation declared that its wholly-owned subsidiaries, Kao Australia Pty. Limited and Kao USA Inc., will obtain the Bondi Sands brands by buying Bondi Sands Australia Pty Ltd and associated Bondi Sands companies. This move aims to expand its portfolio to include a variety of sun care and skincare products.
- In January 2023 - Maybelline New York launched the Fit Me Fresh Tint foundation, a versatile 2-in-1 product suitable for daily use. Marketed as a hybrid makeup and skincare solution, the foundation incorporates beneficial components like pigments, vitamin C, and SPF 50. This product caters to consumer demand for multifunctional beauty solutions that provides coverage and protection.
Product Type – Global Cosmetics Market breakup in 5 viewpoints:
1. Skin and Sun Care Products
2. Hair Care Products
3. Deodorants and Fragrances
4. Makeup and Color Cosmetics
5. Others
Gender – Global Cosmetics Market breakup in 3 viewpoints:
1. Men
2. Women
3. Unisex
Distribution Channel – Global Cosmetics Market breakup in 5 viewpoints:
1. Supermarkets/hypermarkets
2. Specialty Stores
3. Pharmacies
4. Online Sales
5. Others
Country – Global Cosmetics Market of 25 Countries Covered in the Report:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
• Overview
• Recent Development
• Revenue Analysis
Company Analysis:
1. Coty Inc.
2. Procter & Gamble
3. The Estee Lauder Companies Inc.
4. Colgate-Palmolive Company
5. Johnson & Johnson Services Inc.
6. Revlon, Inc.
7. Beiersdorf Group
8. Kao Corporation
9. LVMH
10. Mary Kay Inc.
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2019 - 2023 |
| Forecast Period | 2024 - 2032 |
| Market | US$ Billion |
| Segment Covered | Product Type, Gender, Distribution Channel, and Countries |
| Countries Covered | United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, and South Africa |
| Companies Covered | Coty Inc., Procter & Gamble, The Estee Lauder Companies Inc., Colgate-Palmolive Company, Johnson & Johnson Services Inc., Revlon, Inc., Beiersdorf Group, Kao Corporation, LVMH, Mary Kay Inc. |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Cosmetics Market
6. Market Share – Global Cosmetics Analysis
6.1 By Products Types
6.2 By Gender
6.3 By Distribution Channels
6.4 By Countries
7. Products Types – Global Cosmetics Market
7.1 Skin and Sun Care Products
7.2 Hair Care Products
7.3 Deodorants and Fragrances
7.4 Makeup and Color Cosmetics
7.5 Others
8. Gender –Global Cosmetics Market
8.1 Men
8.2 Women
8.3 Unisex
9. Distribution Channels – Global Cosmetics Market
9.1 Supermarkets/hypermarkets
9.2 Specialty Store
9.3 Pharmacies
9.4 Online Sales
9.5 Others
10. Countries – Global Cosmetics Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 South Africa
11. Porter’s Five Forces – Global Cosmetics Market
11.1 Bargaining Power of Buyer
11.2 Bargaining Power of Supplier
11.3 Threat of New Entrants
11.4 Rivalry among Existing Competitors
11.5 Threat of Substitute Products
12. SWOT Analysis - Global Cosmetics Market
12.1 Strengths
12.2 Weaknesses
12.3 Opportunities
12.4 Threats
13. Key Players Analysis
13.1 Coty Inc.
13.1.1 Overviews
13.1.2 Recent Developments
13.1.3 Revenues
13.2 Procter & Gamble
13.2.1 Overviews
13.2.2 Recent Developments
13.2.3 Revenues
13.3 The Estee Lauder Companies Inc.
13.3.1 Overviews
13.3.2 Recent Developments
13.3.3 Revenues
13.4 Colgate-Palmolive Company
13.4.1 Overviews
13.4.2 Recent Developments
13.4.3 Revenues
13.5 Johnson & Johnson Services Inc.
13.5.1 Overviews
13.5.2 Recent Developments
13.5.3 Revenues
13.6 Revlon, Inc.
13.6.1 Overviews
13.6.2 Recent Developments
13.6.3 Revenues
13.7 Beiersdorf Group
13.7.1 Overviews
13.7.2 Recent Developments
13.7.3 Revenues
13.8 Kao Corporation
13.8.1 Overviews
13.8.2 Recent Developments
13.8.3 Revenues
13.9 LVMH
13.9.1 Overviews
13.9.2 Recent Developments
13.9.3 Revenues
13.10 Mary Kay Inc
13.10.1 Overviews
13.10.2 Recent Developments
13.10.3 Revenues
List of Figures:
Figure-01: Global – Cosmetics Market (Billion US$), 2019 – 2023
Figure-02: Global – Forecast for Cosmetics Market (Billion US$), 2024 – 2032
Figure-03: Products Types – Skin and Sun Care Products Market (Million US$), 2019 – 2023
Figure-04: Products Types – Forecast for Skin and Sun Care Products Market (Million US$), 2024 – 2032
Figure-05: Products Types – Hair Care Products Market (Million US$), 2019 – 2023
Figure-06: Products Types – Forecast for Hair Care Products Market (Million US$), 2024 – 2032
Figure-07: Products Types – Deodorants and Fragrances Market (Million US$), 2019 – 2023
Figure-08: Products Types – Forecast for Deodorants and Fragrances Market (Million US$), 2024 – 2032
Figure-09: Products Types – Makeup and Color Cosmetics Market (Million US$), 2019 – 2023
Figure-10: Products Types – Forecast for Makeup and Color Cosmetics Market (Million US$), 2024 – 2032
Figure-11: Products Types – Others Market (Million US$), 2019 – 2023
Figure-12: Products Types – Forecast for Others Market (Million US$), 2024 – 2032
Figure-13: Gender – Men Market (Million US$), 2019 – 2023
Figure-14: Gender – Forecast for Men Market (Million US$), 2024 – 2032
Figure-15: Gender – Women Market (Million US$), 2019 – 2023
Figure-16: Gender – Forecast for Women Market (Million US$), 2024 – 2032
Figure-17: Gender – Unisex Market (Million US$), 2019 – 2023
Figure-18: Gender – Forecast for Unisex Market (Million US$), 2024 – 2032
Figure-19: Distribution Channels – Supermarkets/hypermarkets Market (Million US$), 2019 – 2023
Figure-20: Distribution Channels – Forecast for Supermarkets/hypermarkets Market (Million US$), 2024 – 2032
Figure-21: Distribution Channels – Specialty Store Market (Million US$), 2019 – 2023
Figure-22: Distribution Channels – Forecast for Specialty Store Market (Million US$), 2024 – 2032
Figure-23: Distribution Channels – Pharmacies Market (Million US$), 2019 – 2023
Figure-24: Distribution Channels – Forecast for Pharmacies Market (Million US$), 2024 – 2032
Figure-25: Distribution Channels – Online Sales Market (Million US$), 2019 – 2023
Figure-26: Distribution Channels – Forecast for Online Sales Market (Million US$), 2024 – 2032
Figure-27: Distribution Channels – Others Market (Million US$), 2019 – 2023
Figure-28: Distribution Channels – Forecast for Others Market (Million US$), 2024 – 2032
Figure-29: United States – Cosmetics Market (Million US$), 2019 – 2023
Figure-30: United States – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-31: Canada – Cosmetics Market (Million US$), 2019 – 2023
Figure-32: Canada – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-33: France – Cosmetics Market (Million US$), 2019 – 2023
Figure-34: France – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-35: Germany – Cosmetics Market (Million US$), 2019 – 2023
Figure-36: Germany – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-37: Italy – Cosmetics Market (Million US$), 2019 – 2023
Figure-38: Italy – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-39: Spain – Cosmetics Market (Million US$), 2019 – 2023
Figure-40: Spain – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-41: United Kingdom – Cosmetics Market (Million US$), 2019 – 2023
Figure-42: United Kingdom – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-43: Belgium – Cosmetics Market (Million US$), 2019 – 2023
Figure-44: Belgium – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-45: Netherlands – Cosmetics Market (Million US$), 2019 – 2023
Figure-46: Netherlands – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-47: Turkey – Cosmetics Market (Million US$), 2019 – 2023
Figure-48: Turkey – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-49: China – Cosmetics Market (Million US$), 2019 – 2023
Figure-50: China – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-51: Japan – Cosmetics Market (Million US$), 2019 – 2023
Figure-52: Japan – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-53: India – Cosmetics Market (Million US$), 2019 – 2023
Figure-54: India – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-55: South Korea – Cosmetics Market (Million US$), 2019 – 2023
Figure-56: South Korea – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-57: Thailand – Cosmetics Market (Million US$), 2019 – 2023
Figure-58: Thailand – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-59: Malaysia – Cosmetics Market (Million US$), 2019 – 2023
Figure-60: Malaysia – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-61: Indonesia – Cosmetics Market (Million US$), 2019 – 2023
Figure-62: Indonesia – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-63: Australia – Cosmetics Market (Million US$), 2019 – 2023
Figure-64: Australia – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-65: New Zealand – Cosmetics Market (Million US$), 2019 – 2023
Figure-66: New Zealand – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-67: Brazil – Cosmetics Market (Million US$), 2019 – 2023
Figure-68: Brazil – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-69: Mexico – Cosmetics Market (Million US$), 2019 – 2023
Figure-70: Mexico – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-71: Argentina – Cosmetics Market (Million US$), 2019 – 2023
Figure-72: Argentina – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-73: Saudi Arabia – Cosmetics Market (Million US$), 2019 – 2023
Figure-74: Saudi Arabia – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-75: United Arab Emirates – Cosmetics Market (Million US$), 2019 – 2023
Figure-76: United Arab Emirates – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-77: South Africa – Cosmetics Market (Million US$), 2019 – 2023
Figure-78: South Africa – Forecast for Cosmetics Market (Million US$), 2024 – 2032
Figure-79: Coty Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-80: Coty Inc. – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-81: Procter & Gamble – Global Revenue (Million US$), 2019 – 2023
Figure-82: Procter & Gamble – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-83: The Estee Lauder Companies Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-84: The Estee Lauder Companies Inc. – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-85: Colgate-Palmolive Company – Global Revenue (Million US$), 2019 – 2023
Figure-86: Colgate-Palmolive Company – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-87: Johnson & Johnson Services Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-88: Johnson & Johnson Services Inc. – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-89: Revlon, Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-90: Revlon, Inc. – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-91: Beiersdorf Group – Global Revenue (Million US$), 2019 – 2023
Figure-92: Beiersdorf Group – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-93: Kao Corporation – Global Revenue (Million US$), 2019 – 2023
Figure-94: Kao Corporation – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-95: LVMH – Global Revenue (Million US$), 2019 – 2023
Figure-96: LVMH – Forecast for Global Revenue (Million US$), 2024 – 2032
Figure-97: Mary Kay Inc – Global Revenue (Million US$), 2019 – 2023
Figure-98: Mary Kay Inc – Forecast for Global Revenue (Million US$), 2024 – 2032
List of Tables:
Table-01: Global – Cosmetics Market Share by Product Type (Percent), 2019 – 2023
Table-02: Global – Forecast for Cosmetics Market Share by Product Type (Percent), 2024 – 2032
Table-03: Global – Cosmetics Market Share by Gender (Percent), 2019 – 2023
Table-04: Global – Forecast for Cosmetics Market Share by Gender (Percent), 2024 – 2032
Table-05: Global – Cosmetics Market Share by Distribution Channel (Percent), 2019 – 2023
Table-06: Global – Forecast for Cosmetics Market Share by Distribution Channel (Percent), 2024 – 2032
Table-07: Global – Cosmetics Market Share by Countries (Percent), 2019 – 2023
Table-08: Global – Forecast for Cosmetics Market Share by Countries (Percent), 2024 – 2032
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