Global Cosmetic Market Valued at USD 400.1 Billion in 2022, Expected to Grow at a CAGR of 7.2% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Cosmetic market size accounted for USD 400.1 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The cosmetic market refers to the industry segment that produces, distributes, and sells a wide range of beauty and personal care products. These products are used for enhancing or maintaining the appearance of individuals, including skincare, haircare, makeup, fragrances, and personal hygiene products. The cosmetic market is a significant and rapidly growing industry globally. The market size is influenced by factors such as population growth, rising disposable incomes, changing consumer preferences, and the influence of social media and beauty trends.

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Key Highlights:

  • The global Cosmetic Market size was valued at USD 1 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Cosmetic Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

In terms of COVID 19 impact, the Cosmetic market report also includes the following data points:

  • COVID19 Impact on Cosmetic market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Cosmetic market

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Key Players

Some of the major Cosmetic players holding high market share include Avon Products Inc., Kao Corporation, L’Oreal S.A., and Oriflame Cosmetics S.A. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

  • Avon Products Inc.
  • Kao Corporation
  • L’Oreal S.A.
  • Oriflame Cosmetics S.A.
  • Revlon, Inc.
  • Shiseido Company Limited
  • Skin Food Co., Ltd.
  • The Estee Lauder Companies Inc.
  • The Procter & Gamble Company
  • Unilever Plc

Segmental Analysis

Market Segment By Category with focus on market share, consumption trend, and growth rate of Cosmetic Market:

  • Skin & sun care products
  • Hair care products
  • Deodorants & fragrances
  • Makeup & color cosmetics

Market Segment By Gender with focus on market share, consumption trend, and growth rate of Cosmetic Market:

  • Men
  • Women
  • Unisex

Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of the Cosmetic Market:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Pharmacies
  • Online sales channels
  • Other
Parameters Details
Market Size (2022) $ 400.1 Billion
CAGR (2023 to 2033) 7.2%
Market Segmentation Category, Gender, Distribution Channel
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

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Global Cosmetic Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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