Cosmetics Market to Grow at a CAGR of 5.84% from 2022 to 2027; Rise in the Aging Population Drives Growth- Technavio

NEW YORK, June 7, 2023 /PRNewswire/ — The cosmetics market is estimated to grow by USD 115.57 billion during 2023-2027. However, the growth momentum will progress at a CAGR of 5.84% during the forecast period. The market is segmented by Product (Skincare products, Haircare products, Color cosmetics, and Fragrances and deodorants), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). The market share growth by the skincare products segment will be significant during the forecast period and includes products that remove dirt, sebum, makeup, and dead skin cells to clean the skin. The skincare cosmetics segment is growing as both young and older women are looking for products that help their skin look better. The rise in the aging population is the key factor driving the growth of the global cosmetics market. To understand more about the market, request a sample report!

Cosmetics market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Information services market Insights –

• Vendors:  Coty Inc., LOreal SA, Natura and Co Holding SA, Revlon Inc., Shiseido Co. Ltd., Amorepacific Corp., Avon Products Inc., Beiersdorf AG, CHANEL Ltd., Johnson and Johnson Services Inc., Kao Corp., Kjaer Weis, Kose Corp., LVMH Moet Hennessy Louis Vuitton SE, Mary Kay Inc., Nu Skin Enterprises Inc., Oriflame Holding AG, The Estee Lauder Companies Inc., The Procter and Gamble Co., Unilever PLC, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (Skincare products, Haircare products, Color cosmetics, and Fragrances and deodorants), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

To understand more about the global personal products market, request a sample report

Cosmetics market – Market dynamics

Key driver – 

Rise in the aging population

• With age, the skin becomes thinner and loses fat, firmness, and texture. The veins become more visible, and scratches, cuts, or bumps can take a long time to heal. Globally, the aging population (men and women) is growing significantly. According to the United Nations (UN), in 2023, there were 761 million people aged 65 years and above globally. This number is expected to double to 1.6 billion by 2050. The share of the global population aged 65 years and above increased from 9% in 2019 to 16% in 2023.
• Due to the adverse effects of aging on the skin, anti-aging products are gaining popularity along with the increase in the aging population globally. Prolonged exposure to the sun can also lead to wrinkles, dryness, and age spots on the skin. Some of the other factors that contribute to dry skin are smoking, stress, sweating profusely, and exposure to dry air. Dry skin can also be caused by health problems such as diabetes and several kidney diseases that are prevalent among the elderly.

Major trend – 

Growing preference for organic cosmetics and cosmeceuticals

• Consumers are gradually shifting from chemical-based cosmetics to organic or chemical-free cosmetics. Chemical-free cosmetics and cosmeceuticals are gaining popularity among consumers as these products contain certain biologically active compounds, which have medicinal effects on the skin and are free from toxic compounds that are harsh on the skin. Some chemicals are also known to cause irritation or an allergic reaction in individuals with sensitive skin. Compounds such as parabens and phthalates, which are used extensively in chemical-based cosmetics, are also known to cause cancer and Type II diabetes, due to which organic skincare products and cosmeceuticals are increasingly gaining popularity.
• Natural raw materials such as neem extracts, soybean, fish oil, aloe vera, and guar gum are increasingly being used to make organic skin products. Fish oil is increasingly used in skincare cosmetic products due to its stabilizing and preservative properties. Organic cosmetics also comprise of natural fragrances, whereas chemical-based fragrances in cosmetic products are linked to toxic effects and may even lead to cancer, nervous system disorders, allergies, and congenital disabilities. Beiersdorfs NIVEA PURE and NATURAL product line, which includes face cleansing lotions and moisturizing face day creams, contain about 95% of naturally sourced ingredients.

Key challenge – 

Presence of counterfeit products

• Several counterfeit premium products are available in the global cosmetics market, which are hindering market growth. With the growing sale of these counterfeit products, customers may not be able to distinguish between counterfeit and original products. These duplicate products are available at lower prices as they are made of low-quality raw materials. Counterfeit products damage the product and brand image of original brands, thereby affecting the revenue and profit margin of these original brands. Thus, these factors adversely affect the sales and pricing strategies of major vendors that sell premium cosmetic products during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The cosmetics market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Cosmetics Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Cosmetics Market between 2023 and 2027
• Precise estimation of the size of the Cosmetics Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Cosmetics Market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Cosmetics Market vendors

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Related Reports: 

The cosmetic skin care market is estimated to grow at a CAGR of 8.72% between 2022 and 2027 and the size of the market is forecast to increase by USD 79.37 billion. This report extensively covers market segmentation by product (face skincare products, body skincare products, and others), distribution channel (offline and online),  and geography (APAC, Europe, North America, Middle East and Africa, and South America). An emerging trend in the cosmetics market is the increase in the number of distribution channels.

The anti-acne cosmetics market size is estimated to decline at a CAGR of 2.97% between 2022 and 2027. This anti-acne cosmetics market report extensively covers market segmentation by product (cleansers, emulsions, and masks), distribution channel (offline and online), and geography (Europe, APAC, North America, South America, and Middle East and Africa). Premiumization of anti-acne cosmetic products is notably driving the anti-acne cosmetics market growth.

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cosmetics products market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on global cosmetics products market 2017 – 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ billion)

• 4.3 Distribution Channel Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Skincare products – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Skincare products – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Skincare products – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Skincare products – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Skincare products – Year-over-year growth 2022-2027 (%)

• 6.4 Haircare products – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Haircare products – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Haircare products – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Haircare products – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Haircare products – Year-over-year growth 2022-2027 (%)

• 6.5 Color cosmetics – Market size and forecast 2022-2027
• Exhibit 42: Chart on Color cosmetics – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Color cosmetics – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Color cosmetics – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Color cosmetics – Year-over-year growth 2022-2027 (%)

• 6.6 Fragrances and deodorants – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Fragrances and deodorants – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Fragrances and deodorants – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Fragrances and deodorants – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Fragrances and deodorants – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ billion)
• Exhibit 51: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 52: Chart on Distribution Channel – Market share 2022-2027 (%)
• Exhibit 53: Data Table on Distribution Channel – Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 54: Chart on Comparison by Distribution Channel
• Exhibit 55: Data Table on Comparison by Distribution Channel

• 7.3 Offline – Market size and forecast 2022-2027
• Exhibit 56: Chart on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Offline – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Offline – Year-over-year growth 2022-2027 (%)

• 7.4 Online – Market size and forecast 2022-2027
• Exhibit 60: Chart on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Online – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Online – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 64: Market opportunity by Distribution Channel ($ billion)
• Exhibit 65: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Japan – Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 Brazil – Market size and forecast 2022-2027
• Exhibit 107: Chart on Brazil – Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Brazil – Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Brazil – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Brazil – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Amorepacific Corp. 
• Exhibit 119: Amorepacific Corp. – Overview
• Exhibit 120: Amorepacific Corp. – Business segments
• Exhibit 121: Amorepacific Corp. – Key offerings
• Exhibit 122: Amorepacific Corp. – Segment focus

• 12.4 Avon Products Inc. 
• Exhibit 123: Avon Products Inc. – Overview
• Exhibit 124: Avon Products Inc. – Product / Service
• Exhibit 125: Avon Products Inc. – Key offerings

• 12.5 Beiersdorf AG 
• Exhibit 126: Beiersdorf AG – Overview
• Exhibit 127: Beiersdorf AG – Business segments
• Exhibit 128: Beiersdorf AG – Key news
• Exhibit 129: Beiersdorf AG – Key offerings
• Exhibit 130: Beiersdorf AG – Segment focus

• 12.6 CHANEL Ltd. 
• Exhibit 131: CHANEL Ltd. – Overview
• Exhibit 132: CHANEL Ltd. – Business segments
• Exhibit 133: CHANEL Ltd. – Key offerings
• Exhibit 134: CHANEL Ltd. – Segment focus

• 12.7 Coty Inc. 
• Exhibit 135: Coty Inc. – Overview
• Exhibit 136: Coty Inc. – Business segments
• Exhibit 137: Coty Inc. – Key offerings
• Exhibit 138: Coty Inc. – Segment focus

• 12.8 Johnson and Johnson Services Inc. 
• Exhibit 139: Johnson and Johnson Services Inc. – Overview
• Exhibit 140: Johnson and Johnson Services Inc. – Business segments
• Exhibit 141: Johnson and Johnson Services Inc. – Key news
• Exhibit 142: Johnson and Johnson Services Inc. – Key offerings
• Exhibit 143: Johnson and Johnson Services Inc. – Segment focus

• 12.9 Kao Corp. 
• Exhibit 144: Kao Corp. – Overview
• Exhibit 145: Kao Corp. – Business segments
• Exhibit 146: Kao Corp. – Key offerings
• Exhibit 147: Kao Corp. – Segment focus

• 12.10 Kose Corp. 
• Exhibit 148: Kose Corp. – Overview
• Exhibit 149: Kose Corp. – Product / Service
• Exhibit 150: Kose Corp. – Key offerings

• 12.11 LOreal SA 
• Exhibit 151: LOreal SA – Overview
• Exhibit 152: LOreal SA – Business segments
• Exhibit 153: LOreal SA – Key news
• Exhibit 154: LOreal SA – Key offerings
• Exhibit 155: LOreal SA – Segment focus

• 12.12 LVMH Moet Hennessy Louis Vuitton SE
• Exhibit 156: LVMH Moet Hennessy Louis Vuitton SE – Overview
• Exhibit 157: LVMH Moet Hennessy Louis Vuitton SE – Business segments
• Exhibit 158: LVMH Moet Hennessy Louis Vuitton SE – Key news
• Exhibit 159: LVMH Moet Hennessy Louis Vuitton SE – Key offerings
• Exhibit 160: LVMH Moet Hennessy Louis Vuitton SE – Segment focus

• 12.13 Natura and Co Holding SA 
• Exhibit 161: Natura and Co Holding SA – Overview
• Exhibit 162: Natura and Co Holding SA – Business segments
• Exhibit 163: Natura and Co Holding SA – Key offerings
• Exhibit 164: Natura and Co Holding SA – Segment focus

• 12.14 Shiseido Co. Ltd. 
• Exhibit 165: Shiseido Co. Ltd. – Overview
• Exhibit 166: Shiseido Co. Ltd. – Business segments
• Exhibit 167: Shiseido Co. Ltd. – Key offerings
• Exhibit 168: Shiseido Co. Ltd. – Segment focus

• 12.15 The Estee Lauder Companies Inc. 
• Exhibit 169: The Estee Lauder Companies Inc. – Overview
• Exhibit 170: The Estee Lauder Companies Inc. – Product / Service
• Exhibit 171: The Estee Lauder Companies Inc. – Key offerings

• 12.16 The Procter and Gamble Co. 
• Exhibit 172: The Procter and Gamble Co. – Overview
• Exhibit 173: The Procter and Gamble Co. – Business segments
• Exhibit 174: The Procter and Gamble Co. – Key news
• Exhibit 175: The Procter and Gamble Co. – Key offerings
• Exhibit 176: The Procter and Gamble Co. – Segment focus

• 12.17 Unilever PLC 
• Exhibit 177: Unilever PLC – Overview
• Exhibit 178: Unilever PLC – Business segments
• Exhibit 179: Unilever PLC – Key news
• Exhibit 180: Unilever PLC – Key offerings
• Exhibit 181: Unilever PLC – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 182: Inclusions checklist
• Exhibit 183: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 184: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 185: Research methodology
• Exhibit 186: Validation techniques employed for market sizing
• Exhibit 187: Information sources

• 13.5 List of abbreviations 
• Exhibit 188: List of abbreviations

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