Beauty And Personal Care Products Market
Beauty And Personal Care Products Market
The market for Beauty And Personal Care Products was estimated at $661.70 billion in 2024; it is anticipated to increase to $1.24 unknown unit by 2030, with projections indicating growth to around $2.11 unknown unit by 2035.
Global Beauty And Personal Care Products Market Outlook
Revenue, 2024 (US$B)
$662B
Forecast, 2034 (US$T)
$1.90T
CAGR, 2024 - 2034
11.1%
Market Size Forecast & Key Insights
- The Beauty And Personal Care Products market is projected to grow from $661.7 billion in 2024 to $1.90 unknown unit in 2034. This represents a CAGR of 11.1%, reflecting rising demand across Skin Care Regime, Personal Grooming and Hair Care Treatments.
- U.S. and China are the top markets within the Beauty And Personal Care Products market and are expected to observe the growth CAGR of 8.1% to 11.7% between 2024 and 2030.
- Emerging markets including India, Nigeria and Vietnam are expected to observe highest growth with CAGR ranging between 10.7% to 13.9%.
- The Beauty And Personal Care Products market is set to add $1.2 unknown unit between 2024 and 2034, with manufacturer targeting Brick & Mortar Stores & Salons & Spas End-User Industry projected to gain a larger market share.
- With Surge in organic and natural beauty products, and Innovation and technology in personal care, Beauty And Personal Care Products market to expand 187% between 2024 and 2034.
Opportunities in the Beauty And Personal Care Products
Establishing partnerships with both global brands allows for a broader reach in distribution channels and enhances brand recognition while fostering knowledge exchange opportunities as well. This collaborative approach facilitates market expansion efforts. Leverages the growing worldwide interest, in Beauty and Personal Care items.
Growth Opportunities in North America and Asia Pacific
North America Outlook
Asia Pacific Outlook
Market Dynamics and Supply Chain
Driver: Surge in Organic and Natural Beauty Products, and Emergence of E-Commerce Platforms
Restraint: High Cost of Natural and Organic Products
Opportunity: Emergence of Mens Grooming Segment and Technological Advancements Foster Growth
Challenge: Stringent Regulations and Standards
Supply Chain Landscape
Raw Material Acquisition
Unilever
BASF
Product Development & Manufacturing
LOral
Procter & Gamble
Distribution & Marketing
Johnson & Johnson
Este Lauder
Retail & End-User Consumption
Ulta Beauty
Sephora
Raw Material Acquisition
Unilever
BASF
Product Development & Manufacturing
LOral
Procter & Gamble
Distribution & Marketing
Johnson & Johnson
Este Lauder
Retail & End-User Consumption
Ulta Beauty
Sephora