Pune, Maharashtra -- (SBWire) -- 08/16/2023 --HTF MI started a latest business research with the Global Women Cosmetics Market Study Forecast till 2029. This Women Cosmetics market report brings data for the estimated year 2023 and forecasted till 2029 in terms of both, value (USD Billion) and volume (MT) Market. The study is conducted by applying both top-down and bottom-up approaches and further iterative methods used to validate and size market estimation and trends of the Women Cosmetics market. Additionally, to complement insights EXIM data, consumption, supply and demand Figures, raw price analysis, market revenue, and gross margins. Some of the companies listed in the research study are L'Oréal (France), Estée Lauder Companies (United States), Shiseido (Japan), Coty Inc. (United States), Procter & Gamble (United States), Avon Products Inc. (United Kingdom), Revlon Inc. (United States), Unilever (Netherlands/United Kingdom), Johnson & Johnson (United States), Chanel (France), Mary Kay Inc. (United States), AmorePacific Corporation (South Korea), Kao Corporation (Japan), Oriflame Cosmetics (Sweden), Beiersdorf AG (Germany) etc.
Market Snapshot
The women's cosmetics market refers to the industry involved in the production, distribution, and sale of cosmetic products specifically designed for and targeted at women. These products are intended to enhance or alter a person's appearance, often focusing on features such as skin, hair, nails, and overall complexion. The market encompasses a wide range of cosmetic products, each designed to cater to different beauty needs and preferences.
The Global Women Cosmetics market was valued at USD 375.3 Billion in 2023 and is expected to reach USD 560.5 Billion by 2028, growing at a CAGR of 5.1 % during 2023-2028.
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Market Scope / Segment Breakdown
Global Women Cosmetics market has been analyzed on various dimensions that includes market sizing and share analysis in dollar term as well as by volume* and price. The segments included in the market study are mentioned below which has been reviewed both qualitatively and quantitatively.
Based on the type, the market is bifurcated as Skincare Products, Makeup Products, Fragrances, Others, and On the basis of application, the market is divided as Personal, Business. The Online segment accounted for highest market share in 2022 and is hence expected to be the next fastest growing segment throughout the forecast period.
In 2022, the Global Women Cosmetics market by region, North America contributed a major market share of xx% growing at the CAGR of 5.1% during the forecast period.
The report covers information regarding competitive outlook including the market share and company profiles of the key participants operating in the global Women Cosmetics market. Some of the players that are profiled in the study are L'Oréal (France), Estée Lauder Companies (United States), Shiseido (Japan), Coty Inc. (United States), Procter & Gamble (United States), Avon Products Inc. (United Kingdom), Revlon Inc. (United States), Unilever (Netherlands/United Kingdom), Johnson & Johnson (United States), Chanel (France), Mary Kay Inc. (United States), AmorePacific Corporation (South Korea), Kao Corporation (Japan), Oriflame Cosmetics (Sweden), Beiersdorf AG (Germany) etc.
By Geography: North America, Europe, Southeast Asia, China, Japan, India, Middle East, Africa, LATAM, Others
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Qualitative Insights from Study
Women Cosmetics Market Trends
- Clean Beauty and Sustainability: Increasing consumer demand for products with natural and sustainable ingredients, as well as eco-friendly packaging.
- Digital Transformation: Growth of online beauty platforms, social media influencers, and e-commerce channels shaping consumer purchasing behaviors.
- Inclusivity and Diversity: Emphasis on diverse product ranges that cater to a wide range of skin tones, hair types, and cultural backgrounds.
Women Cosmetics Market Drivers
- Increasing Disposable Income: Growing affluence in many regions leading to higher spending on beauty and personal care products.
- Social Media Influence: Online influencers and beauty tutorials driving awareness and influencing purchasing decisions.
- Evolving Beauty Standards: Changing societal norms and increased emphasis on self-expression contributing to cosmetic product demand.
Women Cosmetics Market Opportunity
- Green and Sustainable Initiatives: Opportunity to develop and market environmentally friendly and sustainable beauty products.
- Niche and Specialty Segments: Addressing specific beauty needs, such as vegan, cruelty-free, organic, or allergy-sensitive cosmetics.
- E-Commerce Expansion: Expanding online sales platforms and reaching untapped markets through e-commerce channels.
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Research Objective
- To define and describe the Women Cosmetics segmented by product & service, by application, by end-user, and by region.
- To estimate and forecast the Women Cosmetics by value in USD Billion.
- To estimate and forecast the market size for various segments with regard to Region Name.
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies.
- To analyze the markets situation with regard to industry trends, prospects, and contribution to the total market by identifying the high-growth segments of the Women Cosmetics and provide the competitive landscape.
- To provide industry attractiveness with help of various tools such as the Porter's five force analysis and the PESTEL analysis.
Market Size Estimation
Top-down and bottom-up approaches are used to validate the Global Women Cosmetics Market size market and estimate the market size for Manufacturers, Type and Regions.
The market estimations in this report are based on the marketed sale price of Women Cosmetics excluding any discounts provided by the manufacturer, distributor, wholesaler or traders. The percentage splits, market shares, and breakdowns of the product segments are derived based on weightages assigned to each of the segments based on their utilization rate and average sale price. The regional splits of the overall Women Cosmetics market and its sub segments are based on the percentage adoption or utilization of the given product in the respective region or country.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Women Cosmetics market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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