Syndicated Research Studies

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...

The global cosmetics market was valued at approximately USD 295.95 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. A significant driver behind this market growth is the growing awareness among consumers about the importance of improving their personal appearance. Within this trend, millennials are particularly focused on skincare, color cosmetics, and hair care products, which have become integral parts of their everyday grooming routines. Moreover, the rise in demand for cosmetics containing natural, non-toxic, and organic ingredients has also played a crucial role in boosting market expansion. Personal care products (PCPs) are widely used for various purposes such as personal hygiene, grooming, cleaning, and enhancing one’s overall appearance. This broad category includes a diverse array of products, such as hair and skincare products, UV protection creams, facial cleansers, insect repellents, fragrances, perfumes, soa...

Cosmetics Market Size & Trends The global cosmetics market size was estimated at USD 295.95 billion in 2023 and is expected to grow at a CAGR of 6.1% from 2024 to 2030. One of the primary factors driving market expansion is the increasing awareness among consumers to enhance their personal appearance. Among millennials, products related to skincare, color cosmetics, and hair care have gained popularity as essential components of their daily grooming routines. Additionally, the introduction of cosmetics featuring natural, non-toxic, and organic ingredients has further contributed to the market's expansion. Personal care products (PCPs) are commonly utilized for purposes of personal hygiene, grooming, cleaning, and enhancing one's appearance. This category encompasses a wide range of items, including hair & skincare products, UV protection creams, facial cleansers, insect repellents, fragrances, perfumes, soaps, detergents, shampoos, conditioners, and toothpaste. Gath...

Cosmetics Market Growth & Trends The global cosmetics market size is expected to reach USD 445.98 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The skin is regularly exposed to a range of contaminants such as germs, bacteria, viruses, dirt, harsh chemicals, and sunlight. Therefore, maintaining proper skincare is crucial for overall health. A notable driver in the skincare product market is the increasing number of consumers who are dedicating more attention to their skincare routines. Additionally, there is a willingness among consumers to upgrade from mass-produced skincare items. A report released by the Direct China Chamber of Commerce in March 2019 highlighted that premium skincare and beauty products are perceived to offer higher quality and effectiveness, leading to a surge in demand. Gather more insights about the market drivers, restrains and growth of the   Global Cosmet...

Cosmetics Industry Overview The global cosmetics market size was valued at USD 254.08 billion in 2021 and is anticipated to register a CAGR of 5.3% from 2022 to 2028. The extensive growth in the acceptance of skincare and personal care products coupled with the rise in the aging population across the globe is one of the major factors that propel the market growth during the forecast period. The rising fashion trends and significant product innovation in formulation and formats of cosmetic products such as hair color and other skincare products further contribute to the growth of the market. However, the side effects of regular usage of cosmetic products due to the presence of harmful chemicals are projected to restrain the market growth during the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Cosmetics Market The COVID-19 pandemic has negatively impacted the global cosmetics market due to the disruption in the supply chain, manu...