Market Overview
The increasing sale of cosmetic products is driven by its high application across the beauty and fashion sectors. Cosmetic products are used to enhance the personal beauty as well as protecting the skin against external damage. Increasing fashion awareness and self-consciousness amongst the female population in developed regions has led to the innovation in fashion sector leading to the increased sale of cosmetic products globally. Increasing disposable income due to economic developments has influenced the positive growth rate of the market. The production of cosmetic products is found to be high in North America and is evaluated to increase at a positive growth rate in various countries of Asia-Pacific and Europe region.
Competitive Landscape
The major key players in cosmetic products market are
- L’Oréal S.A. (France)
- Avon Products, Inc (U.S.)
- The Estée Lauder Companies Inc. (U.S.)
- Oriflame Holding AG (Switzerland)
- Beiersdorf AG (Germany)
- Kao Corporation (Japan)
- Unilever (U.K.)
- Procter & Gamble Co. (U.S.)
Market Segmentation
The global cosmetic market has been segmented based on product type, category, distribution channel, and region.
Based on product types, market has been classified into skin care, hair care, nail care, color cosmetics, and others.
Based on category, market has been segregated into conventional, organic.
Based on distribution channel, market has been categorized into store-based and non-store-based. Store-based distribution channel has been further segmented into supermarkets & hypermarkets, convenience stores, and others.
The global cosmetic industry has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American cosmetic products market has further been segmented into the US, Canada, and Mexico.
The European market has been classified as the UK, Germany, France, Italy, Spain, and the Rest of Europe.
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Regional Analysis
The Global Cosmetic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America region holds a major market share followed by Europe. The high demands for cosmetic products from the developed countries of these regions is contributing to the positive growth of Cosmetic Products market. Economic development and changing fashion trends is driving the cosmetic products market. U.S., China, Hong Kong, U.K. and Germany are the major importers of cosmetic products.
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