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Global Cosmetics Market Forecast to 2028 – Growing Demand for Anti-Aging Products Driving Growth

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global cosmetics market

global cosmetics market

global cosmetics market

Dublin, June 08, 2022 (GLOBE NEWSWIRE) – The report “Global Cosmetics Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Active Ingredient, Distribution Channel and Product” has been added to ResearchAndMarkets.com Show.

Cosmetics market size is expected to reach US$ 81.75 billion by 2028 from US$ 45.91 billion in 2021; It is estimated to grow at a compound annual growth rate of 8.6% from 2021 to 2028.

Cosmetics are cosmetic formulations rich in bioactive compounds that are claimed to have therapeutic benefits. They form a bridge between pharmaceutical and cosmetic grade bioactive compounds. An aging population and growing consumer awareness are driving the growth of the market.

The market growth is driven by the growing consumer interest in natural and nutrient-rich products for health and beauty concerns. An aging population, increased consumer spending and an increased awareness of beauty are driving the demand for anti-aging products. It is observed that the demand is high among the people of the age group 30-45. People’s longer lives due to advances in healthcare around the world are a spur to the will among them to retain their youthful appearance for a long time. Thus, anti-aging products are in high demand to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles. Rising consumer demand for anti-aging solutions, with increasing lifestyle standards and income levels, is the main factor driving the growth of the cosmetic market.

The growing men’s grooming industry is another major growth factor in the cosmetic market. The demand for anti-aging and acne-control cosmetics is increasing among males. However, the lack of appropriate regulatory frameworks and health claims specifications hampers the access of these products to the health savvy population.

For example, the Federal Food, Drug, and Cosmetic Act (FD&C Act) in the United States does not recognize the term cosmetics, and these products are included under the cosmetic category. The regulatory system for cosmetic products is complex and not strict compared to pharmaceuticals. Most of the time, newly launched products are subject to the uncertainty of regulatory review, leading to the introduction of counterfeit goods, hampering the credibility of legitimate cosmetics. Moreover, the development of cosmetics and nutraceuticals and the increasing popularity of cosmetics categories from within may limit the growth of the cosmetics market.

The ongoing COVID-19 pandemic has greatly contributed to the increase in online retail sales across the world, thus driving the demand for cosmetic products.

The cosmetic market has a highly fragmented seller landscape due to the presence of large, medium and small size players in the market. Among the various strategic alliances formed by the players in the cosmetic market to gain significant shares, taking advantage of emerging opportunities and acquiring the latest technologies as well as patents have gained maximum popularity. The increasing focus on research and development is intensifying the level of competition among top vendors. The cosmetics market is expected to grow steadily due to the presence of well-established players who focus on improving the quality of their products, facilitating product differentiation, and enhancing geographical reach.

By active ingredient, the cosmetic market is segmented into antioxidants, peptides, proteins, exfoliants, retinoids, botanicals, and others. The Antioxidant segment captured the largest market share in 2021 and is expected to register the highest compound annual growth rate (CAGR) in the market during the forecast period.

By product, the cosmetic market is segmented into skin care, hair care, oral care, and others. The Skin Care segment captured the largest share of the market in 2021. Moreover, it is expected to register the highest compound annual growth rate (CAGR) in the market during the forecast period.

Main topics covered:

1 Introduction

2. The main takeaway

3. Research Methodology

4. Cosmetic Market – Market View
4.1 Overview
4.2 PEST . Analysis
4.2.1 PEST Analysis in North America
4.2.2 ANALYSIS OF EUROPE PEST
4.2.3 PEST Analysis for Asia and the Pacific
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South and Central America Pest Analysis
4.3 Expert opinion

5. The cosmetic market – the main market dynamics
5.1 Market Drivers
5.1.1 Increasing demand for anti-aging products
5.1.2 The paradigm shift to men’s grooming products
5.2 Market Restrictions
5.2.1 Impact of the COVID-19 pandemic
5.2.2 Strict regulatory approvals
5.3 Market Opportunities
5.3.1 Development Opportunities in Emerging Countries
5.4 Future directions
5.4.1 Improved blue light protection
5.5 Impact Analysis
5.6 Contractual Research Opportunities (CR)
5.7 Consumable Supply Opportunities

6. Cosmetics Market – Global Analysis
6.1 Global Cosmetics Market Revenue Forecast and Analysis
6.2 Global Cosmetics Market, By Geography – Forecast and Analysis
6.3 Locating the main players in the market

7. Global Cosmetics Market Revenue and Forecast to 2028 – By Active Ingredient
7.1 Overview
7.2 Global Cosmetics Market, by Active Ingredients, 2021 and 2028 (%)
7.3 Antioxidants
7.3.1 Overview
7.3.2 Antioxidants: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
7.4 peptides and proteins
7.4.1 Overview
7.4.2 Peptides and Proteins: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
7.5 peelers
7.5.1 Overview
7.5.2 Exfoliants: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
7.6 Retinoids
7.6.1 Overview
7.6.2 Retinoids: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
7.7 plants
7.7.1 Overview
7.7.2 Plants: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)

8. Cosmetics Market Revenue and Forecast to 2028 – Distribution Channel
8.1 Overview
8.2 Global Cosmetics Market Share by Distribution Channel – 2021 and 2028 (%)
8.3 supermarket / hypermarket
8.3.1 Overview
8.3.2 Supermarket/Hypermarket: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Online Retail Stores
8.4.1 Overview
8.4.2 Online Retail Stores: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
8.5 Convenience Stores
8.5.1 Overview
8.5.2 Convenience Stores: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
8.6 Specialty Stores
8.6.1 Overview
8.6.2 Specialty Stores: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
9. Cosmetics Market Revenue and Forecast to 2028 – Products
9.1 Overview
9.2 Global Cosmetics Market Share by Products – 2021 and 2028 (%)
9.3 Skin care
9.3.1 Overview
9.3.2 Skincare: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hair Care
9.4.1 Overview
9.4.2 Hair Care: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)
9.5 Oral Care
9.5.1 Overview
9.5.2 Oral Care: Cosmetics Market Revenue and Forecast to 2028 (US$ Million)

10. Cosmetics Market Revenue and Forecast to 2028 – Geographical Analysis

11. Impact of the COVID-19 pandemic on the cosmetics market
11.1 North America: Assessing the impact of the COVID-19 pandemic
11.2 Europe: Assessing the impact of the COVID-19 pandemic
11.3 Asia and the Pacific: Assessing the Impact of the COVID-19 Pandemic
11.4 Middle East and Africa: Assessing the impact of the COVID-19 pandemic
11.5 South and Central America: Assessing the impact of the COVID-19 pandemic
12. Cosmetics Market – Landscaping Industry
12.1 Overview
12.2 Growth strategies undertaken by companies in the market (%)
12.3 Organic developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview

13. Company Profiles
13.1 L’Oreal Collection
13.1.1 Key facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Beiersdorf
13.2.1 Key facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial overview
13.2.5 SWOT Analysis
13.2.6 KEY DEVELOPMENTS
13.3 Croda International plc
13.3.1 Key facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 KEY DEVELOPMENTS
13.4 Amway Corp.
13.4.1 Key facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial overview
13.4.5 SWOT Analysis
13.4.6 KEY DEVELOPMENTS
13.5 Allergan Plc.
13.5.1 Key facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Unilever
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 KEY DEVELOPMENTS
13.7 Procter & Gamble
13.7.1 Key facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 KEY DEVELOPMENTS
13.8 Avon Products
13.8.1 Key facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 BASF SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Johnson and Johnson Services, Inc.
13.10.1 Key facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/gfwgw3

Attached

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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