According to the latest report by IMARC Group, titled “Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global cosmetics market reached a value of US$ 357.5 Billion in 2021. Looking forward, IMARC Group expects the Cosmetics Market to reach US$ 508.3 Billion by 2027, exhibiting at a CAGR of 5.95% during 2022-2027.
Global Cosmetics Market Overview:
Cosmetics represent beauty, and personal grooming products produced using organic and chemical compounds. They can be categorized into skin and sun care products, hair care items, deodorants and fragrances, makeup commodities, etc. Cosmetics offer numerous advantages, such as enhancing physical appearance, maintaining skin health, and boosting overall self-esteem. Consequently, they are in high demand among both male and female consumers across the globe.
Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/cosmetics-market/requestsample
Global Cosmetics Market Trends:
The expanding e-commerce industry and the increasing availability of luxury and premium skincare and makeup items online are among the key factors driving the cosmetics market. In line with this, the introduction of several additional benefits by prominent e-retailers, including same-day or one-day delivery services, easy-to-navigate dashboards, and enhanced security features for online payments, is also positively influencing the market growth. Furthermore, the development of new products with natural ingredients that prevent any adverse effects on the skin is acting as another significant growth-inducing factor. Besides this, the shifting preferences for handy and easy-to-use product variants among the working women population are further augmenting the global market. Additionally, the launch of attractive packaging solutions by key market players and the inflating investments in promotional activities to generate brand awareness and expand the existing customer base are expected to propel the cosmetics market in the coming years.
Checkout Now: https://www.imarcgroup.com/checkout?id=2073&method=1
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Report Scope of Cosmetics Market:
Base Year of the Analysis
Product Type, Category, Gender, Distribution Channel, Region
Key Market Segmentation:
Breakup by Product Type:
Breakup by Category:
Breakup by Gender:
Breakup by Distribution Channel:
Breakup by Region:
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4418&flag=C
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Media ContactCompany Name: IMARC GroupContact Person: Elena AndersonEmail: Send EmailPhone: +1-631-791-1145Address:30 N Gould St Ste R City: SheridanState: WYCountry: United StatesWebsite: https://www.imarcgroup.com