The global Cosmetics & Toiletries market is anticipated to grow at a CAGR of 4.3 % during the forecast period (2022-2028). Cosmetics & Toiletries refer to the personal care products that are used for keeping a healthy body & enhancing personal looks. Several products are offered in cosmetics & toiletries including skincare products, hair care products, bathing & showering products, and many others. The major factor attributing to the growth of the global cosmetics & toiletries market is the increasing interest of people in personal care & grooming across the globe. According to the survey statistics published by Unilever in 2021, around 74% of the total 10,000 respondents from several countries prefer the beauty & personal care industry for making people feel better. The respondents were taken from various countries including the US, India, and China. Furthermore, another factor contributing to the growth of the market is the increasing use of cosmetics & toiletries products in beauty salons due to the increasing number of beauty salons across the globe. According to the report published by the Small Business Development Centers (SBDC) in May 2020, there are around 77,000 beauty salons and 4,500 barber shops with combined revenue of around $46.5 billion in 2019. Thus, increasing the demand for cosmetics & toiletries products.
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The sale of cosmetics & toiletry products is increasing through online stores due to the growing e-commerce industry. According to the E-commerce Industry Report published by the India Brand Equity Foundation (IBEF) in February 2022, E-commerce is fastest-growing growing industries in India transforming the way businesses are done in India. The industry is projected to reach around $74.8 billion in 2022 representing a 21% increase from the previous year. Additionally, the e-commerce industry in India is expected to reach around $188 billion by 2025 and around $350 billion by 2030. Furthermore, the use of cosmetic & toiletry products is also increasing by tourists while traveling due to the increasing number of tourists across the globe. According to the United Nations World Tourism Organization (UNWTO), the estimated international arrival of around 1.4 billion people as tourists is faced every year. Thus, contributing to the growth of the global cosmetics & toiletries market during the forecast period
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Procter & Gamble, Unilever plc, L’Oreal SA, Estee Lauder Inc., Jonson & Johnson Pvt. Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cosmetics & Toiletries Market Report by Segment
By Type
- Cosmetics Chemicals
- Toiletries Chemicals
By Application
- Skincare Products
- Hair Care Products
- Bath & Shower Products
- Deodorants & Perfumes
- Others
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