The Cosmetics Stores Global Market Report 2023, provides comprehensive information on the cosmetics stores market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/cosmetics-stores-global-market-report
The global cosmetics stores market size is expected to grow from $107.25 billion in 2022 to $116.27 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cosmetics stores market size is expected to reach $151.63 billion in 2027 at a CAGR of 6.8%.
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Technological advancement is a key trend in the cosmetic stores market. Major players in the market are focusing their efforts on creating innovative technologies to strengthen their position in the market. For instance, in July 2020, Amorepacific Corporation, a South Korea-based beauty and cosmetics company, installed an augmented reality (AR) mirror. The mirror takes a picture of the user’s face and analyses it, making product recommendations depending on the skin’s texture and taking care of any imperfections like pimples, wrinkles, or dark circles. Then, customers can view an image created by a computer showing how they might appear while using a variety of foundations, blushes, eye cosmetics, and lipsticks.
The cosmetics stores market is segmented:
1) By Product: Skin Care, Hair Care, Makeup, Fragrance, Other Products
2) By Price Range: Premium, Economy
3) By Gender: Men, Women, Unisex
4) By Distribution Channel: Offline, Online
North America was the largest region in the cosmetics stores market in 2022.
The table of contents in TBRC’s cosmetics stores market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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