Global Cosmetics And Personal Care Stores Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
12 Jul, 2023
The global cosmetics and personal care stores market size is expected to grow from $313.80 billion in 2022 to $342.43 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cosmetics and personal care stores market size is expected to reach $458.40 billion in 2027 at a CAGR of 7.6%.
Global Cosmetics And Personal Care Stores Market Key Driver
Going forward, the growing demand for a healthy lifestyle and sanitary living is likely to drive the growth of the cosmetics and personal care retailers industry. A healthier lifestyle consists of taking care of one's body and mind by eating a balanced diet, exercising frequently, getting enough sleep, managing stress, and participating in social activities, whereas hygienic living consists of practises that promote cleanliness and good health, such as regular handwashing, face hygiene, soap and water bathing, and others. Cosmetics and personal care stores may help consumers maintain a healthier lifestyle and hygienic living by offering a varied selection of things that can help them keep their bodies clean, healthy, and well-groomed.
Get a sample of the global cosmetics and personal care stores market reportGlobal Cosmetics And Personal Care Stores Market Segments
The global cosmetics and personal care stores market is segmented:
1) By Product: Skin Care, Hair Care, Color Cosmetics, Fragrances, Other Products
2) By Raw Materials: Organic, Inorganic
3) By Distribution Channel: E – Commerce, Direct Selling, Specialty Stores, Hypermarkets And Retail Chains, Other Distribution Channels
4) By Geography: The regions covered in the cosmetics and personal care stores market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global cosmetics and personal care stores market.
Major Cosmetics And Personal Care Stores Industry Players
Unilever Plc., The Estée Lauder Companies Inc., Shiseido Co. Ltd., Revlon Inc., Procter & Gamble Co., L'Oréal S.A., Coty Inc., Kao Corporation, Sephora, Ulta Beauty Inc.
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Cosmetics And Personal Care Stores Market Overview
Cosmetics and personal care stores are retail establishments that sell products that are applied to areas on the exterior of the body, like the skin, nails, hair, lips, and external organs, or oral hygiene, in order to clean, protect from germs, prevent bad odor, change appearance, and keep in good condition.
Cosmetics And Personal Care Stores Global Market Report 2023 provides data on the global cosmetics and personal care stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cosmetics and personal care stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.