Cosmetic Products Market Estimated to Expand at a Robust CAGR by 2019

Cosmetic Products Market

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.

Browse 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”

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The cosmetic products market is projected to grow with changing trends in using beauty products and increasing consciousness about appearance. The types of cosmetic products include fragrances, color cosmetics, bathing shower gels, along with skin care, hair care, personal hygiene oral care, and feminine hygiene products.

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.

The leading players in the cosmetic products market include L’Oreal Group(France), Avon Products, Inc. (U.S.), The Estée Lauder Companies, Inc. (U.S.), and Oriflame Cosmetics (Luxembourg). These key players continuously invest in R&D to introduce new products as per the market demand. Considering the demand in the market, these companies are also expanding their facilities to increase their production capacity and strengthen their global network.

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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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