The Cosmetic
Products Market is estimated to grow with the
increasing demand for skin care products, color cosmetics, hair care products,
and other such cosmetics.
The changing fashion trends, rising standards of
living, and globalization of the cosmetic industry are driving the cosmetic
products market. The leading companies in the market are involved in
technological advancements and innovations to develop new products.
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The
cosmetic products market is segmented on the basis of type, distribution
channel, and geography. On the basis of type, it includes skin care products,
hair care products, fragrances & deodorants, color cosmetics, personal
hygiene products, oral hygiene products, bath & shower products, soaps, sun
care products, and others. The market segmentation on the basis of distribution
channel includes supermarkets, department stores, specialty stores, beauty
salons, pharmacy & drug stores, Internet retailing, and others. The
geographic segmentation of the market includes North America, Asia-Pacific,
Europe, and Rest of the World (ROW).
The cosmetic products market is projected
to grow at a CAGR of 6.3% with Europe as the largest market. It is expected to
grow at a higher pace with increase in the disposable income of consumers in
emerging markets. The Asia-Pacific region is projected to be the fastest
growing market due to the increasing demand for color cosmetics, skin care, and
hair care products here.
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The leading players
in this market include Procter & Gamble Co. (U.S.), the L’Oreal Group (France), The Estée Lauder Companies,
Inc. (U.S.), and Unilever
PLC. (U.K.). It also includes players such as Shiseido Company Ltd. (Japan),
Avon Products Inc. (U.S.), and others.
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