Market Size of Beauty And Personal Care Products Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 606.74 Billion |
| Market Size (2029) | USD 799.73 Billion |
| CAGR (2024 - 2029) | 5.68 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Beauty and Personal Care Products Market Analysis
The Beauty And Personal Care Products Market size is estimated at USD 606.74 billion in 2024, and is expected to reach USD 799.73 billion by 2029, growing at a CAGR of 5.68% during the forecast period (2024-2029).
Millennials are increasingly using beauty products like color cosmetics as part of their regular grooming routines. The simple accessibility of these cosmetic items through various sales channels, with the increased emphasis on personal grooming, aided the sales value. Furthermore, the emergence of cosmetics with natural, non-toxic, and organic components helped the market expansion. Consumers are inclined toward organic personal care products with rising awareness about the harmful effects of chemicals and synthetic products. It is expected to drive market growth during the study period. Besides this, companies are capitalizing on consumers' demands to expand their share and consumer base in the market. For instance, in February 2022, a United Kingdom-based fashion company, Boohoo, launched a vegan beauty range of more than 50 products. Boohoo Beauty's cosmetics line includes highlighter sticks, blush, setting sprays, cosmetic palettes, and others that are available exclusively. Moreover, oral diseases, while largely preventable, pose a major health burden for many countries and affect people throughout their lifetime, causing pain, discomfort, disfigurement, and even death. The World Health Organization (WHO) in 2023 estimated that oral diseases affect close to 3.5 billion people worldwide, with caries of permanent teeth being the most common condition. Globally, it is estimated that 2 billion people suffer from caries of permanent teeth, and 520 million children suffer from caries of primary teeth. Therefore, the demand for personal care products is anticipated to rise in the coming years.
Beauty and Personal Care Products Industry Segmentation
Beauty and Personal Care Products are used to support personal hygiene and address and maintain one's appearance.
The Beauty and Personal Care Products Market is segmented by product type, category, distribution channel, and geography. By product type, the market is segmented into personal care products and cosmetic and make-up products. The personal care products segment is further segmented into hair care products (shampoo, conditioners, hair colorants, hair styling products, and other hair care products), skincare products (facial care products, body care products, and lip care products), bath and shower products (shower gels, soaps, bath salts, and other bath and shower products), oral care products (toothbrushes and replacements, toothpaste, mouthwashes and rinses, and other oral care products), men's grooming products, deodorants and antiperspirants, sun care products, and perfumes and fragrances. The cosmetics/make-up products segment is further segmented into facial cosmetics, eye cosmetic products, and lip and nail make-up products. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, specialty stores, online retail channels, and other distribution channels. By category, the market is segmented into premium and mass products. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
For each segment, the market sizing and forecasts are done based on the value (USD).
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Beauty And Personal Care Products Market Size Summary
The beauty and personal care industry is experiencing significant growth, driven by a shift in consumer preferences towards natural and organic products. This trend is largely due to increasing awareness of the potential harmful effects of chemicals in traditional cosmetics, such as skin irritation and hormonal imbalances. As a result, consumers are increasingly seeking products that are free from synthetic ingredients and offer greater transparency regarding their content. This shift has prompted manufacturers to expand their offerings of organic and natural skincare products, which are often marketed as vegan, cruelty-free, and chemical-free. The growing demand for these products is further supported by the rise of social media influencers who promote clean beauty regimens, thereby enhancing brand awareness and consumer reach.
The market is also witnessing substantial growth opportunities in the Asia-Pacific region, where countries like China, India, and Japan are seeing increased demand for color cosmetics and multifunctional beauty products. This demand is fueled by a growing interest in personal grooming and the desire for products that provide both aesthetic and health benefits. Major players in the industry, such as Procter & Gamble, Unilever, and L'Oréal, are focusing on product innovation, mergers, and acquisitions to strengthen their market position and expand their consumer base. The competitive landscape is characterized by a strong presence of both regional and international brands, all vying to capitalize on the evolving consumer preferences and the expanding market potential.
Beauty And Personal Care Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Inclination Toward Natural/Organic Formulations
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1.1.2 Influence of Social Media and Impact of Digital Technology
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1.2 Market Restraints
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1.2.1 Presence Of Counterfeit Products
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Personal Care Products
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2.1.1.1 Hair Care Products
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2.1.1.1.1 Shampoo
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2.1.1.1.2 Conditioners
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2.1.1.1.3 Hair Colorants
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2.1.1.1.4 Hair Styling Products
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2.1.1.1.5 Other Hair Care Products
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2.1.1.2 Skin Care Products
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2.1.1.2.1 Facial Care Products
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2.1.1.2.2 Body Care Products
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2.1.1.2.3 Lip Care Products
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2.1.1.3 Bath And Shower
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2.1.1.3.1 Shower Gels
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2.1.1.3.2 Soaps
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2.1.1.3.3 Bath Salts
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2.1.1.3.4 Other Bath And Shower Products
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2.1.1.4 Oral Care
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2.1.1.4.1 Toothbrushes And Replacements
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2.1.1.4.2 Toothpaste
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2.1.1.4.3 Mouthwashes And Rinses
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2.1.1.4.4 Other Oral Care Products
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2.1.1.5 Men's Grooming Products
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2.1.1.6 Deodorants And Antiperspirants
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2.1.1.7 Sun Care Products
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2.1.1.8 Perfumes and Fragrances
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2.1.2 Cosmetics/Makeup Products
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2.1.2.1 Facial Cosmetics
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2.1.2.2 Eye Cosmetics Products
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2.1.2.3 Lip and Nail Makeup Products
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Pharmacies/Drug Stores
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2.2.4 Specialty Stores
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2.2.5 Online Retail Channels
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2.2.6 Other Distribution Channels
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2.3 Category
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2.3.1 Premium
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2.3.2 Mass
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 Spain
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East and Africa
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Beauty And Personal Care Products Market Size FAQs
How big is the Beauty And Personal Care Products Market?
The Beauty And Personal Care Products Market size is expected to reach USD 606.74 billion in 2024 and grow at a CAGR of 5.68% to reach USD 799.73 billion by 2029.
What is the current Beauty And Personal Care Products Market size?
In 2024, the Beauty And Personal Care Products Market size is expected to reach USD 606.74 billion.
