The global cosmetics market, spanning skincare, makeup, haircare, and fragrances, caters to diverse consumer preferences. A 2021 Citron Hygiene survey revealed 67% of 2000 U.K. adults are now more germ-conscious. Cosmetics Business found that 92.8% desire hygienic personal care products amid heightened pandemic-driven hygiene awareness. This trend is reflected in increased spending on items such as body washes and soap, underscoring the evolving consumer behavior in response to changing hygiene norms.
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Data Bridge Market Research analyses that the Global Cosmetics Market which was USD 2,54,227.06 million in 2022, is expected to reach USD 3,99,123.33 million by 2030, and is expected to undergo a CAGR of 5.80% during the forecast period of 2023 to 2030. E-commerce is a catalyst for the global cosmetics market, providing seamless access to a diverse array of beauty products. The convenience of online shopping enhances market accessibility, fostering increased sales as consumers explore and purchase cosmetics from the comfort of their homes, contributing to the industry's exponential growth.
Key Findings of the Study
Availability of customized beauty and cosmetic products is expected to drive the market's growth rate
Beauty companies are embracing customization and digitalization in cosmetics, responding to the growing desire for personalized skincare. Informed consumers seek products tailored to their specific skin types, moving away from generic offerings. Technological advancements enable beauty companies to create products tailored to individual needs, fostering increased consumer engagement. As a result, the market sees a shift towards personalized beauty solutions, reflecting a more discerning and selective consumer base seeking product aligned with their unique skincare requirements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Skin Care, Hair Care, Make Up, Fragrances, and Others), Nature (Inorganic, Organic), Category (Mass Product, Premium Product, and Professional Product), Packaging Type (Bottles and Jars, Tubes, Containers, Pumps and Dispensers, Sticks, Aerosol Cans, Pouches, Blisters, and Strip Packs), Distribution Channel (Offline, Online), Application (Women, Men)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Procter & Gamble (U.S.), L'Oreal S.A. (France), The Estee Lauder Companies Inc. (U.S.), Coty Inc. (U.S.), Shiseido Company, Limited (Japan), Colgate-Palmolive Company (U.S.), Kao Corporation (Japan), Beiersdorf Group (Germany), Unilever (U.K.), Amorepacific (South Korea), Johnson & Johnson Services, Inc. (U.S.), Revlon, Inc. (U.S.), LMVH (France), Oriflame Cosmetics Global SA (Switzerland), Espa (U.K.), Henkel AG & Co. KGaA (Germany), Mary Kay (U.S.), Natura&Co (Brazil), CHANEL (France), KOSÉ Corporation (Japan).among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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Segment Analysis:
The global cosmetics market is segmented on the basis of product type, nature, category, packaging type, distribution channel, and application.
- On the basis of product type, the global cosmetics market is segmented into skin care, hair care, make up, fragrances, and others
- On the basis of nature, the global cosmetics market is segmented into inorganic, and organic
- On the basis of category, the global cosmetics market is segmented into mass product, premium product, and professional product
- On the basis of packaging type, the global cosmetics market is segmented into bottles and jars, tubes, containers, pumps and dispensers, sticks, aerosol cans, pouches, blisters, and strip packs
- On the basis of distribution channel, the global cosmetics market is segmented into offline, and online
- On the basis of application, the global cosmetics market is segmented into women, and men
Major Players
Data Bridge Market Research recognizes the following companies as the major global cosmetics market players in global cosmetics market are Kao Corporation (Japan), Beiersdorf Group (Germany), Unilever (United Kingdom and Netherlands), Amorepacific (South Korea), Johnson & Johnson Services, Inc. (U.S.), Revlon, Inc. (U.S.), LMVH (France), Oriflame Cosmetics Global SA (Switzerland), Espa (U.K.), Henkel AG & Co. KGaA (Germany)
Market Developments
- In January 2023, Allergan Aesthetics, under AbbVie, unveiled the highly anticipated SkinMedica Even & Correct Collection. Comprising three distinct products—Advanced Brightening Treatment, Dark Spot Cream, and Brightening Treatment Pads—this clinically proven collection is formulated to address hyperpigmentation and diminish dark spots on the face. Designed to work both individually and synergistically, the products offer targeted solutions, reflecting a commitment to delivering effective skincare and enhancing the brand's portfolio in the ever-evolving beauty market
- In July 2022, ZIMMER GROUP achieved its third Red Dot Product Design Award, previously winning in 2018 and 2019. The esteemed recognition came in the Industrial Equipment, Machinery, and Automation category for their Human-Robot Collaboration (HRC) gripper. Bestowed by the expert panel of the Red Dot DESIGN AWARD, this accolade affirms Zimmer Group's commitment to excellence in technological innovation, solidifying its position as a leader in creating cutting-edge solutions for collaborative human-robot interactions
- In September 2021, The Estée Lauder Companies Inc. unveiled redesigned bottles for its Clinique brand, resulting in a notable 10-15% reduction in production waste. The initiative marked a significant stride in the company's commitment to enhancing packaging sustainability. The co-development of the Clinique bottle reflects Estée Lauder's dedication to responsible practices, showcasing a deliberate effort to minimize environmental impact through innovative packaging design and waste reduction strategies
- In August 2021, Unilever strategically acquired Paula's Choice, a digital-centric skincare brand renowned for innovation, accessible science, high-performance ingredients, and cruelty-free products. This addition to Unilever's portfolio aligns with the company's goal of expanding its premium skincare offerings in the cosmetics market. The acquisition enhances the brand's visibility, enabling Unilever to reach a broader consumer base, solidifying its position in the competitive cosmetics industry while meeting evolving consumer preferences for ethical and effective skincare solutions
Regional Analysis
Geographically, the countries covered in the global cosmetics market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
North America is the dominant region in the global cosmetics market during the forecast period 2023-2030
North America dominates the global cosmetics market, with the U.S. hosting a plethora of influential players. The region's market supremacy is underscored by the presence of numerous industry leaders, shaping trends and driving innovations. This concentration of dominating players in the U.S. amplifies the market's competitive landscape, reflecting the nation's significant role in influencing the trajectory of the cosmetics industry on a global scale.
Asia-Pacific is estimated to be the fastest-growing region in the global cosmetics market for the forecast period 2023-2030
Asia-Pacific is expected to dominate the global cosmetics market, driven by its diverse and dynamic market range, catering to extensive demands. Countries such as China, India, Japan, and South Korea contribute significantly, boasting substantial consumer bases and the presence of key market players. The region's robust demand reflects a convergence of cultural influences and a burgeoning market landscape, positioning Asia-Pacific as a key powerhouse in the global cosmetics industry.
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