Self-grooming has gained importance among both men and women alike, driven by vast amount of information available offline and online, along with the rising influence of social media. This has crafted a favourable and likely, a sustainable demand for cosmetic products. To meet the demand of consumers, the global cosmetics market offers a wide array of products made of effective ingredients to target various concerns, along with specific skincare formulations. Further, a key trend in the market is the robust demand for cosmetics that are organic or vegan, cruelty-free, and made from clean ingredients.
The regions like Asia Pacific, North America, and Europe are significant shareholders in the global cosmetics market with Europe emerging as the rapidly growing market. The market is continuously evolving and adapting to offer quality, high performance, and innovative products. The demand for dermo cosmetics is rising and market players are collaborating with healthcare professionals to engineer products that include medical recommendations to treat skin conditions. In 2022, L'Oréal (OTCMKTS: LRLCY) signed an agreement to acquire American brand Skinbetter Science aiming to strengthen its L'Oréal Dermatological Beauty division’s focus on professional aesthetics. Skinbetter Science formulates cutting edge products utilising dermatological science, patented ingredients, and premium sensorial textures.
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The market on the basis of product can be divided into hair care, skin and sun care, makeup and colour cosmetics, and fragrances and deodorants, among others.
The major players in the global cosmetics market are L’Oréal S.A., Unilever plc, The Estée Lauder Companies Inc., The Procter & Gamble Company, Shiseido Co., Limited, L Brands, Kao Corporation, Oriflame Cosmetics Global SA, Christian Dior SE, Beiersdorf AG, Groupe Clarins, Huda Beauty Limited, Revlon, Inc., and Coty Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product||
|Breakup by Gender||
|Breakup by Price Range||
|Breakup by Distribution Channel||
|Breakup by Region||
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