1 / 3

Current Trends and Future Growth Of Personal Care Product Market

The global personal care product market is expected to reach USD 650.10 billion by 2024 and is growing on account of rising awareness regarding personal health and hygiene.

Jitendra_Magar
Download Presentation

Current Trends and Future Growth Of Personal Care Product Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Your Catalyst to a Lucrative Business Personal Care Product Market Share, Size, Key Players, Research and Forecasts to 2024 | Hexa Research “The U.S. medical cannabis market is expected to be valued at USD 19.48 billion by 2024.” 17 October 2018 The global personal care product market is expected to reach USD 650.10 billion by 2024 and is growing on account of rising awareness regarding personal health and hygiene. Increasing sales of these products through e-commerce channels is anticipated to foster the growth of the market. Additionally, innovative packaging designs of this products are expected to boost the market. In 2016, Asia Pacific held the largest market share and expected to maintain its dominance over the forecast period. North America personal care products market is anticipated to show steady growth rate on account of increasing demand for luxury personal care products. The increase in consumer spending power and massive advertising & promotional activities is expected to drive the growth of the market. Market players are focusing on mergers & acquisition strategies to expand their presence in global market. For instance, in 2015, Unilever acquired REN, Kate Somerville, Dermalogica, and Murad to enter in global skincare market. In addition to this, German manufacturer Henkel acquired Blendax, Pert, and Shamtu haircare portfolios from Procter & Gamble to expand in eastern Europe and Middle East & Africa. Furthermore, companies are extensively investing in R&D for product innovation and new product Follow Us:

  2. Your Catalyst to a Lucrative Business development. For instance, according to Cosmetics Europe, a personal care association, annually large enterprises invest approximately 1.5% to 4.5% of their turnover on R&D activities. Browse Details of Report @ https://www.hexaresearch.com/research-report/personal-care-products-market Personal care products are bifurcated into skincare, haircare, oral care, fragrance and others. Skin and haircare product segment accounted for nearly 50% market share. Products such as creams, lotions, powders, and moisturizers are included within skincare. Haircare products are used for maintaining hair health as well as used for enhancing the attractiveness of hairs. Oral care encompasses the oral health products such as toothpaste, toothbrush, and mouthwash. Fragrances are anticipated to grow at the fastest CAGR over the forecast period. It includes a mixture of aromatic compounds, essential oils and other pleasant substances that are designed to give a pleasant smell. Other segment includes toiletries products, color cosmetics, and grooming. Rising demand for anti-aging products is expected to open new opportunities for the growth of the market over the next few years. Hexa Research has segmented the global personal care product market based on application and region: Segmentation by application, 2014 - 2024 (USD Billion) • Skincare • Haircare • Oral Care • Fragrance • Others Segmentation by region, 2014 - 2024 (USD Billion) • North America • U.S. • Europe • Germany • UK • Asia Pacific • China • Japan • Central & South America • Brazil • MEA Key players analyzed • L’Oréal Group • Procter & Gamble • Unilever • Johnson & Johnson Services, Inc • KCWW • Kao Corporation Follow Us:

  3. Your Catalyst to a Lucrative Business • The Estée Lauder Companies Inc. • Beiersdorf AG • Shiseido Co., Ltd. • Colgate-Palmolive Company Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/healthcare- industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - https://www.hexaresearch.com Follow Us:

More Related