According to Statista estimates, the beauty tech market for cosmetics products is expected to grow at a CAGR of **** percent between 2021 and 2026 in the United Kingdom (UK). In the beauty and personal care market, cosmetics was the segment where the highest growth rate was expected, followed by skin care. Beauty tech is defined as purchases driven by AI- and AR-powered softwares and tools, e.g. smart mirrors and virtual try-on apps.
According to Statista estimates, beauty tech market in France is expected to see an even growth across all three segments. Between 2021 and 2026, the market is projected to see a CAGR of **** percent for personal care products, and **** percent for skin care and cosmetics. Beauty tech is defined as the beauty and personal care products purchased via AI- and AR-powered software and tools, such as smart/virtual mirrors and try-on apps.
In the United States, the beauty tech market is projected to grow at a CAGR of around ** percent between 2021 and 2026, with the highest growth expected in the cosmetics segment at **** percent. Beauty tech is defined as purchases in the beauty and personal care market including cosmetics, skin care and personal care, finalized using AI- and AR-powered softwares and tool, such as virtual mirrors, skin diagnostics tools, and try-on apps.
According to Statista forecasts, the beauty tech market in Germany is expected to grow at a CAGR of **** percent between 2021 and 2026. When compared to other major markets, this rate makes Germany the fastest growing market. Yet, when it comes to total revenue of the market, Germany ranked in sixth place out of the seven countries analyzed by Statista. In the beauty tech market, United States and China were the leading two countries with the highest revenues.
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Africa Beauty And Personal Care Market Size 2024-2028
The Africa beauty and personal care market size is valued to increase USD 8.18 billion, at a CAGR of 8.51% from 2023 to 2028. Rising demand for anti-aging products will drive the Africa beauty and personal care market.
Major Market Trends & Insights
By Product - Skincare segment was valued at USD 4 billion in 2022
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2022
Market Size & Forecast
Market Opportunities: USD 81.93 million
Market Future Opportunities: USD 8177.50 million
CAGR from 2023 to 2028 : 8.51%
Market Summary
The market is experiencing significant growth, fueled by increasing consumer awareness and disposable income. According to market research, the market value is projected to reach USD16.2 billion by 2025, expanding at a steady pace. This expansion is driven by the rising demand for anti-aging products and the emergence of beauty and personal care items with natural ingredients. Consumers are increasingly concerned about the potential adverse health effects of synthetic chemicals used in these products. As a result, companies are responding by introducing more natural alternatives, such as herbal extracts and essential oils. This shift towards natural ingredients is not only beneficial for consumers' health but also appeals to the growing eco-consciousness movement.
Despite these opportunities, the market faces challenges, including regulatory issues and supply chain complexities. Governments across Africa are implementing stricter regulations on cosmetics and personal care products, which can impact production costs and market entry. Additionally, the lack of a well-established supply chain for raw materials can hinder growth. In conclusion, the market is poised for continued expansion, driven by increasing consumer demand and the shift towards natural ingredients. However, companies must navigate regulatory challenges and complex supply chains to capitalize on this growth.
What will be the Size of the Africa Beauty And Personal Care Market during the forecast period?
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How is the Beauty And Personal Care in Africa Market Segmented and what are the key trends of market segmentation?
The beauty and personal care in Africa industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Product
Skincare
Hair care
Color cosmetics
Fragrances
Others
Distribution Channel
Offline
Online
Consumer Demographics
Mass Market Consumers
Premium Product Consumers
Men's Grooming
Baby and Child-Specific Products
Geography
Middle East and Africa
Egypt
Kenya
South Africa
By Product Insights
The skincare segment is estimated to witness significant growth during the forecast period.
Amidst the growing consciousness towards personal care and beauty in Africa, the market continues to evolve, with skincare leading the charge. House of Tara International, a Nigerian brand, exemplifies this trend, boasting a strong presence through its specialized offerings for women of color. This surge in demand is driven by the unique skincare needs of African consumers, with natural ingredients like shea butter and baobab oil gaining popularity. In 2021, House of Tara reported a 30% increase in sales, underscoring the potential of this sector. Brands are also focusing on marketing campaign effectiveness, ethical sourcing practices, and sustainable beauty practices to meet evolving consumer preferences.
Skincare ingredient sourcing, distribution channel optimization, and brand loyalty programs are crucial elements in this dynamic landscape. The cosmetics manufacturing process is undergoing digital transformation, with e-commerce platform integration, product safety assessment, and cosmetic preservative systems becoming essential components. Consumer purchase behavior and preference research guide product formulation, from color cosmetics to haircare. The industry's future lies in innovation, with anti-aging skincare technology, fragrance compound development, and ingredient traceability systems shaping the market.
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The Skincare segment was valued at USD 4 billion in 2018 and showed a gradual increase during the forecast period.
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Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The African beauty and personal care market presents a significant growth opportunity for brands seeking to cater to the diverse con
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The US cosmetics market, valued at $93.74 billion in 2025, is projected to reach $118.27 billion by 2033, expanding at a CAGR of 2.63% from 2025 to 2033. The growing awareness of personal care and appearance, coupled with the rising disposable income of consumers, drives market growth. Additionally, the increasing demand for premium and organic cosmetics and the growing popularity of online retail channels contribute to market expansion. Key market trends shaping the US cosmetics industry include the increasing popularity of natural and organic products, personalized cosmetics, and the rise of e-commerce. Mass products dominate the market, accounting for a significant share due to their affordability and widespread distribution. However, premium products are gaining traction as consumers seek luxurious and high-quality cosmetics. Distribution channels such as specialist retail stores, supermarkets, and online platforms offer ample choices to meet diverse consumer preferences. Major players in the market include Alticor (Amway Corp.), The Estée Lauder Companies Inc., and L'Oréal S.A. Recent developments include: March 2022: Crest, a Procter & Gamble Company brand, launched Crest Densify, a premium toothpaste that actively rebuilds tooth density by remineralizing enamel. The toothpaste claims to strengthen the teeth and protect them from future decay., February 2022: Beiersdorf completed the acquisition of Chantecaille Beauté Inc., a leading prestige beauty company in the United States, to strengthen its premium skincare offering., July 2021: Unilever announced it had completed the acquisition of Paula's Choice, a digital skincare brand. The brand is known for its innovation and cruelty-free products.. Key drivers for this market are: Sustainable Fashion Trend, Strategic Expansion With Respect To E-commerce Subscription. Potential restraints include: High Cost of Rented Apparel Maintenance. Notable trends are: Growing Inclination Toward Organic, Natural, and Cruelty-Free Products.
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The global beauty and personal care market size was valued at $511.8 billion in 2021 and is projected to reach $716.6 billion by 2026, growing at a CAGR of 5.3% from 2021 to 2026. The growth of the market is attributed to the increasing demand for personal care products, such as skincare, hair care, and cosmetics, due to rising awareness about personal grooming and appearance. Factors such as the growing population, rising disposable income, and the increasing number of working women are also contributing to the growth of the market. Key trends in the beauty and personal care market include the growing popularity of natural and organic products, the increasing adoption of e-commerce for the purchase of beauty and personal care products, and the rising demand for personalized beauty products. The growing demand for natural and organic products is due to the increasing awareness about the harmful effects of synthetic chemicals on the skin and the environment. The increasing adoption of e-commerce for the purchase of beauty and personal care products is due to the convenience and wide variety of products available online. The rising demand for personalized beauty products is due to the growing trend towards customization and the desire for products that are tailored to individual needs. L'Oréal Unilever Procter & Gamble Estée Lauder Shiseido Beiersdorf Amore Pacific Avon Johnson & Johnson Kao Chanel LVMH Coty Clarins Natura Cosméticos Revlon Pechoin JALA Group Shanghai Jahwa
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According to Cognitive Market Research, Global Luxury Beauty Tools Market is Growing at Compound Annual Growth Rate (CAGR) of 5.00% from 2023 to 2030.
The demand for luxury beauty tools marketis rising with the escalating demand for halal cosmetics.
Demand for make-up brushes remains higher in the luxury beauty tools market.
The online sales category held the highest luxury beauty tools market revenue share in 2023.
The North American luxury beauty tools market will continue to lead, whereas the Asia Pacific luxury tools market will experience the most substantial growth until 2030.
Certified Growth of Organic and Natural Beauty Products Drives the Market Growth
The rise in certified organic and natural beauty products is driving the market CAGR for beauty tools. As consumers grow into more aware of negative effects of certain chemicals, such as paraben and aluminum compounds, present in skin care, hair care, and deodorants, demand for natural and organic goods has increased in the beauty industry and personal care items globally. Many customers favor one brand over others because it uses solely natural ingredients. This has recently increased customer demand for safe, all-natural, and organic deodorant products. When making purchases, effectiveness, therapeutic advantages, and longer-lasting protection are all taken into account.
For instance, in December 2020, Google partnered with ModiFace and Perfect Corp. to launch an augmented reality platform that allows consumers to try cosmetics through the Google application.
(Source:www.retaildive.com/news/google-launches-ar-beauty-try-on-tools-in-app/592482/)
Increasing Purchasing Power of Consumers and Changing Lifestyle to Propel Market Growth
The growth of consumers' purchasing power has significantly impacted the luxury beauty tools market. Factors such as growing urbanization, an increasing number of working women, changing lifestyles, and rising alertness regarding hygiene and skincare is expected to expand the growth of premium beauty and personal care products market during the forecast period. The alertness of hygiene and personal health has led to rising manufacturing of skincare and hair care products, thus driving the requirement for personal care ingredients, which in turn is anticipated to fuel the market success.
For instance, in May 2020, According to a Global WebIndex survey, around 96% of U.S. and U.K. consumers was solely dependent on beauty influencers before the coronavirus outbreak.
(Source:performancein.com/news/2021/08/26/the-increasingly-blurred-lines-between-influencer-and-performance-marketing/)
Growing demand for premium skin care products to drive market growth.
Market Dynamics of Luxury Beauty Tools
Harmful Effects of Certain Inorganic Compounds to Restrict Market Growth
The potential health hazard of certain organic compounds that are used in the luxury beauty tools market and personal care products is a major protest for the Growth of the premium beauty and personal care products market. Inorganic compounds are known for their harmful effects, such as certain heavy metals or toxic substances, and a decline in consumer trust. Brands may face the necessity of adopting alternative, safer materials to align with evolving consumer preferences for clean and sustainable beauty products. This restrains the use of new ingredients globally, thus, hindering the evolution of premium beauty and personal care products. These stringent regulations delay or avoid the launch of advanced products, Increase the prices of any unique product introduced in the market, and may lead to product recalls.
High Prices of Beauty Devices are restraining the market expantion.
The premium prices of beauty devices are a major limitation on the growth of the luxury beauty tools market. Luxury beauty tools, including high-tech facial rollers, LED therapy equipment, microcurrent devices, and ultrasonic skin cleansers, tend to be expensive because of their innovative technology, high-quality materials, and brand name. Although these tools provide superior skincare benefits and spa treatments at home, their premium prices restrict access to a wider consumer base. For instance, India's $14 billion beauty and personal care market is rolling along due to online retailing of beauty products, premiumisation, and a bias towards organic and ethical brands. (Source- ht...
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Market Summary of Cosmetic Packaging Market:
According to cognitive market research, in 2023, the global cosmetics packaging market was valued at USD XX billion and is expected to expand to around USD XX billion by 2032, reflecting a compound annual growth rate (CAGR) of XX% throughout the 2024-2032 forecast period.
The North America Cosmetic Packaging market size was USD XX Million in 2021, and it is expected to reach USD XX Million in 2033.
The European Cosmetic Packaging market size was USD XX Million in 2021, and it is expected to reach USD XX Million in 2033.
The Asia Pacific Cosmetic Packaging market size was USD XX Million in 2021, and it is expected to reach USD XX Million in 2033.
The South America Cosmetic Packaging market size was USD XX Million in 2021, and it is expected to reach USD XX Million in 2033.
The Middle East and Africa Cosmetic Packaging market size was USD XX Million in 2021, and it is expected to reach USD XX Million in 2033.
Market Dynamics of Cosmetic Packaging Market
Key Drivers of Cosmetic Packaging Market
An increase in the usage of Cosmetics drives the market for Cosmetic packaging.
Cosmetics are used for a variety of puposes like to improve or modify one's look, including hiding imperfections, highlighting one's natural features (like eyebrows and eyelashes), adding colour to the face, and completely changing the appearance of the face to resemble a new person. One can use products made for personal hygiene and skin care to wash the body and skin. Makeup, or cosmetics intend to improve or enhance one's appearance, can be applied to a person's face to change its appearance completely make it resemble a different person, and accentuate one's inherent characteristics. Idealized bodies and features are a standard by which many people judge themselves on social media, where digitally edited photographs, well-lit movies, and face filters are commonplace. Therefore, to look a certain way and self-consciousnesses among people, cosmetics product usage is increasing. Among the other industries, the cosmetics business has the widest range of packaging needs. Materials used include glass, paper, plastic, and other metals. These materials can be used to create containers with a variety of sizes, shapes, and dispensing methods for the making of tubes, boxes, containers, etc. For Instance, Beauty firms frequently use tubes for many kinds of goods, but particularly for hair care products. According to Bruno Lebeault, marketing director of Viva Healthcare Packaging, "Our tube business keeps growing." "There is an increasing number of hair care brands choosing tubes, and we're seeing growth in brands choosing velvet touch finishes and smaller tubes," he says.(Source:https://www.beautypackaging.com/issues/2023-06-01/view_features/love-grows-for-tubes/)There are increasing prospects for cosmetic items in emerging economies. Furthermore, The creation of new packaging styles and constant advancements in packaging technology are major factors propelling the cosmetic packaging market's expansion Improvements in disposable income, heightened awareness of personal hygiene, changing lifestyles, and the release of creative designs like sprays and sticks have made this feasible. Hence, The significance of cosmetic packaging in establishing brand identity and drawing in customers makes it a vital component of the beauty industry.
Growing awareness of personal appearance and body care is driving market growth
One of the primary drivers of growth in the global cosmetics packaging market is the increasing awareness of personal appearance and body care. Shifts in consumer demographics and purchasing behavior have fueled a rising demand for cosmetics. This trend is expected to propel the expansion of the cosmetic packaging industry. Additionally, growing consumer spending on overall well-being and physical attractiveness is likely to further boost demand for cosmetics, enhancing the customer experience. For instance, on average, women in the US allocate more than $10 daily to beauty expenses, with haircuts, makeup, and skincare being the top spending categories, amounting to $85 per month. Additionally, these trends may drive the development of customized packaging, contributing to the expansion of the cosmetic packaging industry. The rise of e-commerce and increased internet usag...
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The South America Cosmetics Market size was valued at USD 299.77 USD million in 2023 and is projected to reach USD 376.26 USD million by 2032, exhibiting a CAGR of 3.3 % during the forecast period. South American cosmetics retail aims to cover a broad range of products based on native plants in the continent. From the South American rainforest up to the Andes, these cosmetics retailers use traditional ingredients and techniques while marketing products that address the worldwide demand for organic and sustainable cosmetics. These include facial care products such as creams and oils as well as bright colourful lip and eye products like lipsticks and eyeshadows. Their uniqueness therefore stems from the use of extracts such as acai, camu camu, and quinoa which are all antioxidants and are known to nourish the skin. The use ranges from washing to body treatment to gracious treatment such as the braiding of hair, the indication shows how culture embraced beauty in South American societies. Numerous functions are served by applying beauty enhancements; they are significant not only in enhancing the physical appearance of individuals but also for healing purposes, both physically and spiritually, owing to the natural ingredients used in the preparations. Recent developments include: October 2022: L’Oréal Brasil expanded its sun care portfolio to meet the country’s diverse skin needs. It developed 11 new shades of sunscreen formulas, increasing from 32 to 43 shades, and a new color terminology based on a numerical scale dedicated to Brazilian skins., March 2021: The Estée Lauder Companies Inc. partnered with Sephora Brazil to launch and distribute its wide range of franchises and products including Double Wear, Revitalizing Supreme+, Pure Color, Bronze Goddess, and Advanced Night Repair in-store and online., March 2021: Argentina banned cosmetic products containing microbeads due to the growing concern about pollution and its environmental impact.. Key drivers for this market are: Growing Demand for Bath Towels from End-use Industries to Propel the Market Growth. Potential restraints include: Relative Side Effects of Cosmetics to Limit Market Growth . Notable trends are: Dental Spas to Add Impetus to Industry Growth .
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According to Cognitive Market Research, the global beauty ingestible market size is USD 4161.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 12.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 1664.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1248.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 957.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 208.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 83.22 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
The skin care category held the highest beauty ingestible market revenue share in 2024.
Market Dynamics of Beauty Ingestible Market
Key Drivers for Beauty Ingestible Market
Increasing Consumer Awareness of Skin and Hair Issues to Increase the Demand Globally
In the future, growing consumer awareness of skin and hair issues is anticipated to fuel the beauty ingestible market's expansion. Skin-related diseases and disorders that might cause rashes, inflammation, itching, or other skin changes are referred to as skin issues. Hair difficulties include conditions affecting the hair and scalp, such as infections, scaling and itching, and hair loss. Individuals are becoming more aware of these problems and adopting preventative measures to deal with them. Oral ingestible supplements with scientific backing, known as "beauty ingestible," are designed to improve the appearance and health of the skin. Consequently, heightened consciousness regarding skin and hair issues aids customers in integrating beauty ingestible into their everyday regimen. For instance, in January 2021, sales of skincare products in the US climbed by 13% last year, while sales of beauty items increased by 1%, according to an article provided by Automata.ai, a business service, software, and computer software company based in Canada. Online beauty retailers saw a 24% growth at that time, with skincare leading the way. Thus, the beauty ingestible market is expanding due to growing consumer awareness of skin and hair issues.
Growing Elderly Population to Propel Market Growth
The market for beauty ingestible is anticipated to develop in the future because of the growing elderly population. An aging population is a demographic state in which the proportion of older people in a certain society or region relative to younger age groups has increased noticeably. The aging population incorporates nutritional cosmetics into their beauty and wellness routine to address age-related issues, support internal skin health, and offer a practical and complementary alternative to conventional skincare procedures. For instance, the US-based specialized health agency World Health Organization estimates that by October 2022, one in six people will be 60 years of age or older worldwide. By 2050, the number of people in this age group (2.1 billion) would have doubled. Furthermore, as of June 2021, the House of Commons Library of the UK Parliament, a UK-based information resource, projects an increase in the senior population in the UK, which will account for 17.4 million people, or 24% of the country's overall population, by 2043. Thus, the market for beauty ingestible is expanding as a result of the aging population.
Restraint Factor for the Beauty Ingestible Market
Lack of Awareness among Individuals about Beauty Ingestible to Limit the Sales
The benefits of these beauty ingestible products and their accessibility on the market are unknown in many developing nations. Many people still haven't come to terms with the market's benefits. The health advantages of these items are largely unknown to most people. The beauty ingestible market is not expanding as planned due to a number of technical, legal, and regulatory challenges. The inability to distinguish between various goods based on nutraceuticals utilized in various places is a hindering ...
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Cosmetics Market size Achieved USD 295.5 billion in 2021 and is predicted to reach USD 430.0 billion in 2029 & the market is projected to grow at CAGR 4.8%.
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According to Cognitive Market Research, the global at home beauty device market size will be USD 15241.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 6096.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4572.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3505.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 762.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 304.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2031.
The skin tightening devices category is the fastest growing segment of the at-home beauty device industry
Market Dynamics of At Home Beauty Device Market
Key Drivers for At Home Beauty Device Market
Advancements in Beauty Device Technology for Better Effectiveness Propel Market Growth
Advances in beauty device technology drive significant growth in the at home beauty device market. Innovative methods like LED therapy, radiofrequency, and microcurrent treatments, enable individuals to receive effective, professional-grade skincare solutions from the comfort of their own homes. These advancements have increased device utility, safety, and usage, making them more desirable to a larger audience. Furthermore, many modern devices include smart features like app connection and AI-powered customization, which allow users to adapt treatments to their unique skin needs. As a result, the convenience and accessibility of these modern cosmetic products are boosting demand, as customers seek more effective, personalized skincare treatments. This tendency is projected to continue in the future, supporting market expansion. For instance, L'Oréal unveiled its beauty device, 'Perso,' which provided at-home personalized formulas based on real-time data and trend analysis. The official market launch in skincare was scheduled for 2021. The global beauty giant showcased the device at the Consumer Technology Association (CES) 2020, announcing that the 'Perso' device would be launched in collaboration with a prominent L'Oréal skincare brand in 2021.
Increasing Demand for Convenient At-Home Beauty Solutions Drives Market Growth
The growing desire for useful at-home beauty solutions is a significant driver of growth in the at home beauty device market. Consumers are looking for salon-quality treatments that can be done from the convenience of their own homes. This shift is driven by hectic lifestyles, a desire for personalized skincare routines, and a desire to save time and money. Beauty technology advancements have made devices more user-friendly and effective, addressing various skincare demands like anti-aging, acne treatment, and skin rejuvenation. With growing e-commerce channels and social media influence, at-home beauty devices are becoming more accessible and popular allowing for continued market growth.
Restraint Factor for the At Home Beauty Device Market
Competition from Professional Salon Treatments Offering Superior Results Will Limit Market Growth
Competition from professional salon treatments poses a significant challenge to the growth of the at-home beauty device market. Many consumers perceive salon treatments as more effective due to the expertise of trained professionals and the advanced technologies available in these settings. This perception can lead to hesitancy in investing in at-home devices, especially when results vary. Additionally, professional treatments often offer immediate and visible results, creating a preference for salon services over at-home solutions. As consumers seek guaranteed outcomes, this competition may hinder the widespread adoption of at-home beauty devices, necessitating manufacturers to focus on enhancing effectiveness and user expe...
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Recent developments include: In June 2024, The Estée Lauder Companies announced the completion of its acquisition of DECIEM Beauty Group Inc. Having secured majority ownership in 2021, Estée Lauder finalized the acquisition of the remaining shares for approximately USD 860 million as of May 31, 2024. Renowned for its flagship brand, The Ordinary, DECIEM significantly enhances The Estée Lauder Companies’ skincare portfolio, reinforcing its position in the prestige skincare segment, particularly in North America and Europe, where DECIEM has achieved notable market leadership. , In April 2023, Coty Inc.'s renowned philosophy brand became an official participant in the Cruelty-Free International Leaping Bunny Programme, signifying that all philosophy products have received the esteemed Leaping Bunny certification. This recognition assures philosophy consumers of the brand's firm commitment to ending animal testing within the cosmetics industry, reinforcing its ethical stance and dedication to cruelty-free practices. .
As of 2021, the global market value for clean beauty was valued at around *** billion U.S. dollars. The clean beauty market value is forecast to grow and reach approximately **** billion U.S. dollars by 2028.
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The organic cosmetics market is valued at US$ 21558.3 million in 2024. It is projected to reach US$ 35452.08 million by 2034, exhibiting a CAGR of 5.10% over the forecast period.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | US$ 21558.3 million |
Anticipated Forecast Value (2034) | US$ 35452.08 billion |
Estimated Growth (2024 to 2034) | 5.10% CAGR |
Category-wise Insights
Attributes | Details |
---|---|
Product | Skin Care |
Market Share | 40.00% |
Attributes | Details |
---|---|
End-user | Women |
Market Share | 32.50 |
Country-wise Insights
Countries | CAGR |
---|---|
Japan | 10.30% |
India | 8.50% |
China | 7.50% |
Singapore | 6.40% |
Canada | 4.90% |
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The Beauty and Personal Care Products Market is Segmented by Product Type (Personal Care Products, Cosmetics/Makeup Products), Category (Premium Products and Mass Products), Ingredient Type (Natural/Organic, and Conventional/Synthetic), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online Retail Channels and Other Channels), and Geography. The Market Forecasts are Provided in Terms of Value (USD).
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The North America Beauty and Personal Care Market is Segmented by Product Type (Personal Care, Cosmetics/Make-up), Category (Premium Products, Mass Products), Ingredients (Conventional/Synthetic, Natural/Organic), Distribution Channel (Specialist Stores, Supermarkets/Hypermarkets, and More), and Geography (United States, Canada, Mexico, Rest of North America). The Market Forecasts are Provided in Terms of Value (USD).
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The US cosmetics market, a significant segment of the global industry, is experiencing robust growth, driven by several key factors. The market's value, estimated at $93.74 billion in 2025, is projected to expand steadily, fueled by increasing disposable incomes, a heightened focus on personal care and beauty among consumers, and the proliferation of innovative products catering to diverse needs and preferences. The rise of social media influencers and beauty bloggers further contributes to market expansion by shaping consumer trends and driving demand for new products and brands. Premium products command a substantial share, reflecting a consumer preference for high-quality, luxury items and experiences. However, the mass market segment remains vital, offering accessible and affordable options for a broad consumer base. Distribution channels are diverse, with online retail witnessing significant growth alongside traditional channels like specialist stores, supermarkets, and pharmacies. Key players like Estée Lauder, L'Oréal, and Unilever, along with emerging brands, are constantly striving to innovate, capturing market share through strategic marketing, product diversification, and effective distribution strategies. The competitive landscape is fiercely competitive, with established multinational corporations facing challenges from both smaller, agile brands and the increasing popularity of direct-to-consumer (DTC) models. Consumer preferences are dynamic, with a growing demand for natural, organic, and ethically sourced products alongside the continued popularity of traditional cosmetic items. The market's segmentation across product types (hair care, skincare, makeup, etc.) and distribution channels offers various opportunities for targeted marketing and product development. Future growth will be influenced by factors such as economic stability, evolving consumer preferences, and regulatory changes impacting the use of certain ingredients. A focus on sustainability and ethical sourcing is becoming increasingly critical, influencing brand choices and product innovation. The continued integration of technology, such as personalized beauty recommendations powered by artificial intelligence, promises to further transform the market's dynamics in the coming years. Recent developments include: March 2022: Crest, a Procter & Gamble Company brand, launched Crest Densify, a premium toothpaste that actively rebuilds tooth density by remineralizing enamel. The toothpaste claims to strengthen the teeth and protect them from future decay., February 2022: Beiersdorf completed the acquisition of Chantecaille Beauté Inc., a leading prestige beauty company in the United States, to strengthen its premium skincare offering., July 2021: Unilever announced it had completed the acquisition of Paula's Choice, a digital skincare brand. The brand is known for its innovation and cruelty-free products.. Notable trends are: Growing Inclination Toward Organic, Natural, and Cruelty-Free Products.
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The Europe Beauty and Personal Care Market Report is Segmented by Product Type (Personal Care, Cosmetics/Makeup Products), Category (Premium Products, Mass Products), Ingredient Type (Natural and Organic, Conventional/Synthetic), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, and More), and Geography (Germany, United Kingdom, France, Italy, and More). The Market Forecasts are Provided in Terms of Value (USD).
According to Statista estimates, the beauty tech market for cosmetics products is expected to grow at a CAGR of **** percent between 2021 and 2026 in the United Kingdom (UK). In the beauty and personal care market, cosmetics was the segment where the highest growth rate was expected, followed by skin care. Beauty tech is defined as purchases driven by AI- and AR-powered softwares and tools, e.g. smart mirrors and virtual try-on apps.