The global cosmetics market size is expected to reach USD 363.80 billion by 2030, expanding at a CAGR of 4.2% from 2023 to 2030. The aging population globally, along with increased spending on beauty items like skin creams, lotions, hair color, and others, are the main growth drivers in the industry. Additionally, the market is expected to benefit significantly from significant product innovations made by the leading competitors. For instance, L'Oréal SA, a significant player in the cosmetics sector, introduced several cosmetic goods, including long-lasting, natural-ingredient skin creams, lotions, and hair colors.
Due to increased hair loss and scalp issues among both men and women worldwide, the hair care industry is expanding as a result of increased product use. Also, during the projected period, the growing demand for organic haircare products, such as shampoo and hair colors, will support market expansion. Also, the increased use of hair care products around the world is a result of the availability of safer, more sophisticated, and more effective hair care products.
The women segment is estimated to contribute more to the global cosmetics industry. The significant demand for personal beauty products such as skincare, and hair care cosmetics among the global female population is one of the major factors that contributed to the growth of the market. In addition, high expenditure by women on personal and beauty products as compared to men is further expected to support the market during the forecast period.
The online distribution channel is expected to grow more quickly during the forecast period. One of the key drivers of the market's expansion is the increased collaborations between producers of cosmetic products and online retailers. Also, the rapidly growing trend of young people browsing for personal care products on online portals fuels market expansion. The segment expansion can be attributed to changing preferences of consumers brought on by ease, efficiency, responsiveness, and price. Also, the Covid-19 epidemic has prompted numerous manufacturers and vendors to embrace an online sales model, which is anticipated to fuel the segment's growth throughout the projected period.
The key players in U.S. are significantly contributing to the growth of market revenue. The presence of well-established brands such as Coty Inc; Estée Lauder Companies Inc.; Revlon, Inc.; Avon Products Inc, and other manufacturers is one of the driving factors for market growth. Additionally, the participation of various celebrities and the growing trend toward celebrity endorsement for cosmetics products is another factor that drives the market in the region. Moreover, the significant trend of personalizing skincare and hair care products further contributes to the market growth.
Due to increased hair loss and scalp issues among both men and women worldwide, the hair care industry is expanding as a result of increased product use. Also, during the projected period, the growing demand for organic haircare products, such as shampoo and hair colors, will support market expansion. Also, the increased use of hair care products around the world is a result of the availability of safer, more sophisticated, and more effective hair care products.
The women segment is estimated to contribute more to the global cosmetics industry. The significant demand for personal beauty products such as skincare, and hair care cosmetics among the global female population is one of the major factors that contributed to the growth of the market. In addition, high expenditure by women on personal and beauty products as compared to men is further expected to support the market during the forecast period.
The online distribution channel is expected to grow more quickly during the forecast period. One of the key drivers of the market's expansion is the increased collaborations between producers of cosmetic products and online retailers. Also, the rapidly growing trend of young people browsing for personal care products on online portals fuels market expansion. The segment expansion can be attributed to changing preferences of consumers brought on by ease, efficiency, responsiveness, and price. Also, the Covid-19 epidemic has prompted numerous manufacturers and vendors to embrace an online sales model, which is anticipated to fuel the segment's growth throughout the projected period.
The key players in U.S. are significantly contributing to the growth of market revenue. The presence of well-established brands such as Coty Inc; Estée Lauder Companies Inc.; Revlon, Inc.; Avon Products Inc, and other manufacturers is one of the driving factors for market growth. Additionally, the participation of various celebrities and the growing trend toward celebrity endorsement for cosmetics products is another factor that drives the market in the region. Moreover, the significant trend of personalizing skincare and hair care products further contributes to the market growth.
Cosmetics Market Report Highlights
- Asia Pacific region dominated the cosmetics industry with a share of 50.3% in 2022. The presence of well-established and premium cosmetic product manufacturers is one of the supportive factors for the significant market share
- The haircare segment is expected to grow at the highest CAGR of 3.4% from 2023 to 2030. The growing demand for hair care solutions owing to hair fall and hair scalp problems across the globe contributes to the segmental growth
- The online distribution channel is expected to register faster growth at a CAGR of 3.7% from 2023 to 2030. The growing preference for online shopping portals for purchasing beauty care products among the young population across the globe is the key factor that propels the market growth
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. End-User Outlook
2.4. Distribution Channel Outlook
2.5. Regional Outlook
Chapter 3. Cosmetics Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrants
3.5.1.5. Competitive Rivalry
3.6. Roadmap of the Cosmetics Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Cosmetics Market
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Cosmetics Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Skin Care
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Hair Care
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Makeup
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Fragrance
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Others
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Cosmetics Market: End-User Estimates & Trend Analysis
6.1. End-User Movement Analysis & Market Share, 2022 & 2030
6.2. Men
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Women
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Cosmetics Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution channel Movement Analysis & Market Share, 2022 & 2030
7.2. Offline
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3. Online
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Cosmetics Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2022 & 2030
8.2. North America
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.2.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.2.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.2.5. U.S.
8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.2.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.2.5.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.2.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.3.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.3.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.5. Germany
8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.3.5.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.3.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.6. France
8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.6.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.3.6.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.3.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.3.7. U.K.
8.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3.7.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.3.7.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.3.7.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.4.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.4.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.5. China
8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.4.5.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.4.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.4.6. India
8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.4.6.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.4.6.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.4.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.5.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.5.5. Brazil
8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.5.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.5.5.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.5.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.6.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.6.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.6.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
8.6.5. South Africa
8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.6.5.2. Market estimates and forecast, by Product, 2017 - 2030 (USD Million)
8.6.5.3. Market estimates and forecast, by End-User, 2017 - 2030 (USD Million)
8.6.5.4. Market estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. Key company market share analysis, 2022
Chapter 10. Company Profiles
10.1. Coty Inc.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. L'Oréal S.A.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. Estée Lauder Companies Inc
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Revlon, Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. Avon Products Inc.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. Unilever PLC
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. Shiseido Company, Limited
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Godrej
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives
10.9. Procter & Gamble
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Strategic Initiatives
10.10. Beiersdorf AG.
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Strategic Initiatives
10.11. Henkel AG & Co. KGaA
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Strategic Initiatives
10.12. Kao Corp
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Strategic Initiatives
10.13. Hoyu Co., Ltd.
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Strategic Initiatives
List of Tables
1. Cosmetics market - Key market driver analysis
2. Cosmetics market - Key market restraint analysis
3. Global cosmetics market revenue estimates and forecast by product, from 2017 - 2030 (USD Million)
4. Global cosmetics market revenue estimates and forecast by skincare, from 2017 - 2030 (USD Million)
5. Global cosmetics market revenue estimates and forecast by hair care, from 2017 - 2030 (USD Million)
6. Global cosmetics market revenue estimates and forecast by makeup, from 2017 - 2030 (USD Million)
7. Global cosmetics market revenue estimates and forecast by fragrance, from 2017 - 2030 (USD Million)
8. Global cosmetics market revenue estimates and forecast by others, from 2017 - 2030 (USD Million)
9. Global cosmetics market revenue estimates and forecast by end-user, from 2017 - 2030 (USD Million)
10. Global cosmetics market revenue estimates and forecast by men, from 2017 - 2030 (USD Million)
11. Global cosmetics market revenue estimates and forecast by women, from 2017 - 2030 (USD Million)
12. Global cosmetics market revenue estimates and forecast by distribution channel, from 2017 - 2030 (USD Million)
13. Global cosmetics market revenue estimates and forecast by offline, from 2017 - 2030 (USD Million)
14. Global cosmetics market revenue estimates and forecast by online, from 2017 - 2030 (USD Million)
15. Global cosmetics market estimates and forecast, by region 2017 - 2030 (USD Million)
16. North America Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
17. North America cosmetics market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
18. North America Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
19. North America Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
20. U.S. Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
21. U.S. Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
22. U.S. Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
23. U.S. Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
24. Europe Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
25. Europe Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
26. Europe Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
27. Europe Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
28. Germany Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
29. Germany Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
30. Germany Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
31. Germany Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
32. France Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
33. France Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
34. France Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
35. France Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
36. U.K. Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
37. U.K. Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
38. U.K. Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
39. U.K. Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
40. Asia Pacific Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
41. Asia Pacific Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
42. Asia Pacific Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
43. Asia Pacific Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
44. China Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
45. China Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
46. China Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
47. China Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
48. India Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
49. India Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
50. India Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
51. India Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
52. Central & South America Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
53. Central & South America Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
54. Central & South America Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
55. Central & South America Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
56. Brazil Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
57. Brazil Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
58. Brazil Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
59. Brazil Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
60. Middle East & Africa Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
61. Middle East & Africa Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
62. Middle East & Africa Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
63. Middle East & Africa Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
64. South Africa Cosmetics market estimates and forecast, 2017 - 2030 (USD Million)
65. South Africa Cosmetics market revenue estimates and forecast by Product, 2017 - 2030 (USD Million)
66. South Africa Cosmetics market revenue estimates and forecast, by End-user, 2017 - 2030 (USD Million)
67. South Africa Cosmetics market revenue estimates and forecast, by Distribution Channel, 2017 - 2030 (USD Million)
68. Vendor landscape
List of Figures
1. Cosmetics market snapshot
2. Cosmetics market segmentation & scope
3. Cosmetics market penetration & growth prospect mapping
4. Cosmetics market value chain analysis
5. Cosmetics market dynamics
6. Cosmetics market Porter's analysis
7. Cosmetics market: Product movement analysis
8. Cosmetics market: Regional movement analysis
Companies Mentioned
- Coty Inc.
- L'Oréal S.A.
- Estée Lauder Companies Inc
- Revlon, Inc.
- Avon Products Inc.
- Unilever PLC
- Shiseido Company, Limited
- Godrej
- Procter & Gamble
- Beiersdorf AG.
- Henkel AG & Co. KGaA
- Kao Corp
- Hoyu Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 82 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 262.21 Billion |
| Forecasted Market Value ( USD | $ 363.8 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
