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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97 market data tables and 33 figures spread through 263 pages and in-depth TOC
on “Cosmetic Products Market by Type (Skin, Hair, Sun, Oral, Fragrance, Color,
Soap, Bath, Shower, Personal Hygiene), Distribution Channel (Supermarket,
Pharmacy, Departmental, Specialty, Direct, Internet, Salon) & Geography -
Global Trends & Forecasts to 2019”
The increasing demand for advanced and sophisticated cosmetic products is an important driving factor in the market. The distribution channels such as supermarkets, department stores, pharmacy & drug stores, specialty stores, beauty salons, Internet retailing, and shopping complexes play an essential role in meeting the demand cosmetic products.
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The cosmetic products market is
highly fragmented with huge multinational companies engaged in the
manufacturing, distribution, and retailing of cosmetic products. 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.
The leading players accounted for
one-third of the market share in 2013. The market is competitive, with players
offering a wide range of products on the basis of their application. The
companies continuously invest in R&D to introduce innovative products with
multiple functions and advanced formulations to cater to their customer
demands. They also invest in expansion of their production facilities in
countries that have market potential, to enhance their global reach.
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