The cosmetics and personal care stores global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cosmetics And Personal Care Stores Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cosmetics and personal care stores market size has grown strongly in recent years. It will grow from $338.18 billion in 2023 to $366.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to consumer beauty trends, economic conditions, marketing and branding, social media influence, retail expansion..
The cosmetics and personal care stores market size is expected to see strong growth in the next few years. It will grow to $493.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to e-commerce growth, sustainability and clean beauty, inclusivity and diversity, innovations in formulations, global beauty trends.. Major trends in the forecast period include clean beauty retail spaces, data-driven personalization, subscription services and beauty boxes, green and sustainable packaging, experiential retail and beauty services..
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Scope Of Cosmetics And Personal Care Stores Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cosmetics And Personal Care Stores Market Overview
Market Drivers –
The demand for a healthier lifestyle and hygienic living is expected to propel the growth of the cosmetics and personal care stores market going forward. A healthier lifestyle is taking care of the body and mind by eating a balanced diet, exercising frequently, getting adequate sleep, managing stress, and engaging socially, whereas hygienic living refers to practices that promote cleanliness and good health, such as regular handwashing, face hygiene, soap and water bathing, and others. Cosmetics and personal care stores may aid in the maintenance of a better lifestyle and sanitary living by providing a diverse choice of items that can assist consumers in keeping their bodies clean, healthy, and well-groomed. For instance, in March 2023, according to a statistical report published by Statistics Canada, a Canada-based statistical agency, in February 2022, the consumer price index for health and personal care was 134.6, and it grew to 143.0 in February 2023, reflecting a 6.2% rise. Therefore, the demand for a healthier lifestyle and hygienic living drives the cosmetics and personal care stores market.
Market Trends –
Product innovations are a key trend gaining popularity in the cosmetics and personal care stores market. Major companies operating in the cosmetics and personal care stores market are focused on developing innovative solutions to strengthen their position in the market. For instance, in March 2023, Walmart Inc., a US-based retail company, developed Clean Beauty, an online shopping platform that assists customers in finding beauty items produced. Additionally, many beauty brands sold at Walmart are exploring more sustainable packaging alternatives, assessing their carbon footprint, and adopting cruelty-free and ethical standards. The uniqueness of this platform is that they make products without certain ingredients mentioned on a “”Made Without List”” that Walmart produced in collaboration with state and federal regulators, suppliers, and experts, including the Environmental Defense Fund (EDF).
The cosmetics and personal care stores market covered in this report is segmented –
1) By Product: Skin Care, Hair Care, Color Cosmetics, Fragrances, Other Products
2) By Raw Materials: Organic, Inorganic
3) By Distribution Channel: E – Commerce, Direct Selling, Specialty Stores, Hypermarkets And Retail Chains, Other Distribution Channels
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Regional Insights –
Asia-Pacific was the largest region in the cosmetics and personal care stores market in 2023. Asia-Pacific is expected to be the cosmetics and personal care stores market report fastest-growing region in the forecast period. The regions covered in the cosmetics and personal care stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the cosmetics and personal care stores market report are Unilever plc, The Estée Lauder Companies Inc., Shiseido Co. Ltd., Revlon Inc., Procter & Gamble Co., L’Oréal S.A., Coty Inc., Kao Corporation, Sephora USA Inc., Ulta Beauty Inc., Lush Cosmetics, Bath & Body Works LLC, The Body Shop International Limited, Kiehl’s LLC, MAC Cosmetics, Origins Natural Resources Inc., Aveda Corporation, Avon Products Inc., Mary Kay Inc., Amway Corporation, Nu Skin Enterprises Inc., Rodan & Fields LLC, Arbonne International LLC, Younique LLC, Beautycounter Inc., Tarte Inc., Glossier Inc., Morphe Inc., ColourPop Cosmetics, Fenty Beauty .
Table of Contents
1. Executive Summary
2. Cosmetics And Personal Care Stores Market Report Structure
3. Cosmetics And Personal Care Stores Market Trends And Strategies
4. Cosmetics And Personal Care Stores Market – Macro Economic Scenario
5. Cosmetics And Personal Care Stores Market Size And Growth
…..
27. Cosmetics And Personal Care Stores Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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