DUBLIN--(BUSINESS WIRE)--The "Cosmetic Products Market Growth, Trends and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global cosmetic products market is projected to witness a CAGR of 4.36 % during the forecast period (2021 - 2026).
- The Estee Lauder Companies Inc.
- Loreal SA
- Shiseido Co.,Ltd.
- Oriflame Cosmetics AG
- New Avon Company
- Coty, Inc.
- Natura & Co.
- Amway Corp.
- Lotus Herbals Pvt. Ltd.
Key Market Trends
Inclination Toward Organic, Vegan and Cruelty-Free Cosmetic Products
In recent years organic, cruelty-free (no animal testing), vegetarian (no byproducts of animal slaughter), and vegan (no animal ingredients at all) cosmetics market has gained increasing popularity in developed countries, and it has been finding its space in developing markets such as India, China, Brazil, etc. Moreover, with the advancement of vegan products, consumers are paying extra attention not only to a particular shade of lipstick that suits them but also its manufacturing process.
Owing to the above factor, in May 2014, the Ministry of Health & Family of India banned cosmetic testing, with the new rule 148-C. The prohibition of testing of cosmetics on animals was added to the existing Drugs and Cosmetics Rules, 1945. Also, in June 2020, a bill restricting the testing of personal care products on animals and the sale and import of animal-tested cosmetics passed its final vote in the Colombian Senate. The prohibition of testing of cosmetics on animals was added to the existing Drugs and Cosmetics Rules, 1945. Therefore, factors such as these are driving the sales of organic, vegan and cruelty-free cosmetics in the global market
Increasing Consumption of Cosmetic Products in Asia-Pacific
The colour cosmetics industry (including eye, facial, and lip makeup category) is the most prosperous industry in India, China and others. Local companies, such as the Shahnaz Husain Group from India, are exclusively providing herbal/ayurvedic cosmetics products, due to the prolonged health benefits it offers to the skin.
Also, premium global brands are registering increased sales as Indian consumers move from functional items to more advanced and specialized cosmetic products. Many international brands, like Revlon, Elle18 MAC, Sephora, L'Oreal, and Oriflame, are increasing their presence further, by introducing more products in the Indian market, particularly with the convenient and attractive packaging types and vegan ingredients, in order to attract the youth in the country.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Facial Make-up Products
5.1.2 Eye Make-up Products
5.1.3 Lip Make-up Products
5.1.4 Nail Make-up Products
5.2 By Category
5.3 By Distribution Channel
5.3.2 Specialty Stores
5.3.3 Online Retail Stores
5.3.4 Pharmacies and Drug Stores
5.3.5 Other Distribution Channels
5.4 By Geography
5.4.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.4.4 South America
184.108.40.206 Rest of South America
5.4.5 Middle East & Africa
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/5rra6a
Laura Wood, Senior Press Manager
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