Beauty & Personal Care
The global beauty and personal care product market size is expected to attain $716.6 by the year 2025 by registering a growth rate of 5.9 percent during the forecast period. There has been a growth in preference for natural and organic personal care products (NOPC), increased adoption of Augmented Reality (AR) in the beauty industry, growth in demand for anti-aging products and boost in the popularity of men’s grooming products are some of the key factors that is expected to drive the market during the forecast period. Augmented Reality is a mapping technology that uses the face and the skin to display how the products would appear on the individual consumers before they buy them. They don’t have to visit any physical store and neither they need to try the product. It saves plenty of time and making the purchases easier. The report portrays the growing awareness regarding wellness, health, and personal grooming and appearance among men and women, which is the catalyst in the rise in the demand for grooming products. It can lead to boosting the growth of the beauty and personal care market over the forecast period. Like women, there is plenty of grooming and toiletries products of men available too in the market like deodorants, hair care, skin care products, bathing, and shower products. The skincare and sun care segment products have expanded at a reasonably moderate amount from 2014 to 2017 due to the increasing aging population and the growing awareness in them about the advantages of using the anti-aging products. The beauty and personal care industry analysis report explains the segmentation of the market based on products like skincare/suncare, hair care, color cosmetics, and makeup products, deodorants, fragrances, and others. The skincare and sun care segment represented nearly one-third of overall revenue in 2017. It is expected that this segment shall dominate the market of beauty and personal care throughout the forecast horizon. The beauty and market industry report also gives you a detailed analysis of the market trends of beauty products in different countries like Kenya, U.K, Thailand, Africa, and India. The report also avails to you an insight into the global online beauty and personal care market trend and how fast it is changing. The report renders you a detailed analysis of the potential driving factors that are responsible for the growth of this market. The e-commerce websites have become the chief contributor for the growth of global online beauty and personal care market. The penetration of internet and smartphones has also added a significant boost to this segment. There has been robust growth of industries and urbanization in countries like China, India, and other Southeast Asian nations that are also contributing to the growth of this market. The beauty and personal care market industry analysis also highlights the vegan and organic form of beauty products which is caused by the protest on testing beauty products on animals before selling them to the market. In total, the report comprises and covers every detail that is related to changing trend and development of beauty and personal care industry.