Global Cosmetics Market size was valued US$ 401.10 Bn in 2021 and the total revenue is expected to grow at 5.25% through 2022 to 2029, reaching US$ 604 Bn.
Cosmetics Market Overview:
The Cosmetics market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Cosmetics Market, as well as the causes for variances in the industry's growth in a variety of sectors.
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Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Segmentation: While 60 percent of cosmetics purchases in the United States are now made online, retail store networks are still significantly more substantial globally. During the projected period, the trend in several countries, particularly Japan, India, and China, could shift. Thus, internet sales are expected to expand at a 5.39 percent annual rate over the projection period.
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers' annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Cosmetics market are as follows:
• L’Oréal International
• Avon Product Inc.
• Proctor and Gamble Company
• Unilever PLC
• Oriflame Cosmetics S.A.
• Revlon, Inc.
• Kao Corporation
• The Estee Lauder Company Inc.
• Skin Food
• Shiseido Company, Limited
• Johnson & Johnson
• Bayer AG
• Henkel AG & Co. KGaA
• Alticor Inc.
• Amway Corp.
• Beiersdorf AG
• Yves Rocher
• Shiseido Company Limited
• Maybelline New York
• Nykaa E-Retail Pvt. Ltd
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Cosmetics market study's regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Cosmetics Market:
End-user industries where Cosmetics are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Cosmetics manufacturers, affecting the Cosmetics market's growth in 2020. End-user business demand for Cosmetics has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Cosmetics Market Report are:
In 2021, which segment accounted for the most share of the Cosmetics market?
What is the competitive landscape of the Cosmetics market?
What are the key factors influencing Cosmetics market growth?
In the Cosmetics market, which region has the most market share?
What will be the CAGR of the Cosmetics market during the forecast period (2022-2027)?
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