Cosmetics Market 2021: Impact of COVID-19 on Industry Size, Share, Growth, Revenue, Gross Margin, Progression Status, Recent Development by Top Company, Geographical Region, and Industry Segments till 2030

In a recent published report, Kenneth Research has updated the market report for Cosmetics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cosmetics Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Cosmetics Market is estimated to reach $488 billion by 2025; growing at a CAGR of 3.7% from 2017 to 2025. Cosmetics are used in everyday life for enhancement of human body appearance. Widely used cosmetics comprises hair care, skin & sun care, deodorants, makeup & color, & fragrances. With the economic development in various emerging countries in the world, the cosmetics market is likely to boost over the coming years. High demand of innovative & classy cosmetic products coupled with preference to natural & organic beauty products is a major driver for the cosmetics market growth during the forecasted period. Key players are using retail as well as online mode of sale to reach the customers across the globe.

Major factors driving the global cosmetics market are mounting necessity for skin care products, changing consumer lifestyle, high disposable income of many nations. However, advanced beauty treatments may hamper the market growth. Furthermore, high demand for organic cosmetics would unfold with numerous growth opportunities in the forecasted years.
Major segments in the global cosmetics market are category, mode of sale, gender, and geography. The category segment comprises hair care, skin and sun care, deodorants, fragrances, and makeup and color. Mode of sale contains retail, and online. Further, market is bifurcated by gender into men, and women.

Geographically, the global cosmetics market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., and Rest of North America whereas Europe segment consist of Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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The major players competing in the market are Oriflame Cosmetics AG, L’Oreal Group, Avon Products, Inc., The Estee Lauder Companies, Inc., Alticor Inc., Procter & Gamble Co., Revlon Inc., Shiseido Co. Ltd., Skinfood, and Kao Corp., among others.

The key takeaways from the report
The report will provide detailed analysis of Global Cosmetics Market with respect to major segments such as category, mode of sale, and gender
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Cosmetics Market has been included in the report

Profile of the key players in the Global Cosmetics Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Cosmetics Market
Category Segments

Hair Care
Skin and Sun Care
Deodorants
Fragrances
Makeup and Color
Mode of Sale Segments

Retail
Online
Gender Segments

Men
Women
Geographical Segments

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North America
U.S.
Rest of North America
Europe
Germany
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa

Table of Contents
Chapter 1: Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2: Executive Summary
2.1 Global Cosmetics Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3: Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities

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