Cosmetics Market 2030: The Impact of Social Media on Beauty Trends

The global cosmetics market was valued at USD 295.95 billion in 2023 and is expected to reach USD 445.98 billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030. A key factor propelling market growth is the increasing consumer awareness around enhancing personal appearance and grooming.

Among millennials, skincare, color cosmetics, and hair care products have become essential parts of daily routines. Additionally, the growing preference for cosmetics made from natural, non-toxic, and organic ingredients continues to drive demand. These product types are part of the broader category of personal care products (PCPs), which includes a diverse range such as hair and skincare items, UV protection creams, facial cleansers, insect repellents, fragrances, soaps, shampoos, conditioners, and oral hygiene products like toothpaste.

According to a 2021 article published by the National Center for Biotechnology Information (NCBI), PCPs fall under the category of self-care items commonly used for personal hygiene and grooming. Globally, 30-40% of dermatological prescriptions include a PCP, and the average person uses at least two within a 24-hour period.

Soap continues to play a foundational role in skincare, promoting cleanliness and overall well-being. As per Consumer Reports, individual preferences for bath and skincare products are increasingly shaped by sustainability concerns and environmental awareness.

A 2023 report from TheRoundup.org, an environmental awareness platform, highlighted that 78% of consumers prioritize sustainability, and 55% are willing to pay more for environmentally friendly brands. Modern consumers are drawn to companies that adhere to ethical and sustainable practices, particularly those using organic ingredients and promoting wellness. Brands that align with these values are gaining momentum, especially among eco-conscious buyers.

Order a free sample PDF of the Cosmetics Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights:

  • Asia Pacific dominated the global market in 2023 with a 45% revenue share.
  • The U.S. cosmetics market is projected to grow at a CAGR of 6.1% between 2024 and 2030.
  • By product type, skincare cosmetics held the largest share in 2023 at 43.3%.
  • By end-user, women’s cosmetics accounted for 62.9% of the revenue share in 2023.
  • By distribution channel, offline sales remained dominant, contributing 72.2% of revenue in 2023.

Market Size & Forecast:

  • 2023 Market Size: USD 295.95 Billion
  • 2030 Market Size (Projected): USD 445.98 Billion
  • CAGR (2024–2030): 6.1%
  • Largest Regional Market (2023): Asia Pacific

Key Cosmetics Company Insights:

The global cosmetics industry comprises both well-established multinational corporations and emerging brands. Leading companies are focused on product innovation, distinctive design, and differentiation to meet shifting consumer demands. With expansive global distribution networks, these firms effectively cater to diverse demographics and are well-positioned to penetrate emerging markets.

Key Cosmetics Companies:

  • Coty Inc.
  • L’Oréal Group
  • Estée Lauder Companies, Inc.
  • Revlon Consumer Products LLC
  • Avon Products, Inc.
  • Unilever
  • Company 7
  • Godrej Group
  • Procter & Gamble
  • Beiersdorf AG
  • Henkel AG & Co KGaA
  • Kao Corporation
  • Hoyu Co., Ltd.

Conclusion:

The global cosmetics market is poised for steady growth, driven by a combination of rising beauty consciousness, sustainable consumer preferences, and demand for natural, organic ingredients. With an expected value of nearly USD 446 billion by 2030, the industry is evolving in alignment with environmental trends and self-care habits. Regional leaders such as Asia Pacific and product segments like skincare and women's cosmetics will continue to shape the future market landscape. Established brands and emerging players alike must innovate and adapt to maintain relevance in a highly competitive and socially aware global market.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), ...
Read more

Greenhouse Market 2030: The Impact of Urbanization on Agricultural Practices

Image
Greenhouse Market Growth & Trends The global  greenhouse market  size is anticipated to reach USD 53.51 billion by 2030, registering a CAGR of 9.9% over the forecast period, according to a new report by Grand View Research, Inc. The rise in food consumption is related to the development of contemporary agricultural practices such as greenhouse farming. According to the Food and Agriculture Organization (FAO) of the United Nations, 70% of food production must increase by 2050 to meet world food demand. Consequently, rising population and urbanization, along with a lack of arable land, are driving the use of alternative agricultural practices such as greenhouse farming. Greenhouse farming has enormous potential to assist satisfy the growing population demands witnessed in several nations such as China and India. Indoor farming techniques including vertical farming and greenhouse farming have several advantages over traditional agricultural methods, including...
Read more

Digital Pathology Market 2030: Key Trends Shaping the Future of Healthcare

Image
Digital Pathology Market Growth & Trends The global  digital pathology market  size is expected to reach USD 1.73 billion by 2030, registering a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to witness exponential growth owing to rising prevalence of chronic diseases aided by increasing demand for accurate diagnostics. Chronic diseases affect nearly one in every three adults. Whereas, according to the CDC, in the U.S., approximately, 51.8% of adults have at least one chronic disease. Digital pathology, including molecular tissue profiling, biobanking, tissue microarray analysis, and molecular biology, plays an important role in the drug development pipeline and companion diagnostics. Growing demand for high-quality tissue samples in tissue-based biomarker research is expected to drive technology adoption over the forecast period. Increasing adoption of telepathology with the launch of newer...
Read more