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The global beauty and personal care market is, expected to reach USD 757 billion, expanding at a CAGR of around 6%, during the forecast period 2020u20132026. The major reasons behind the growth of the market are rising preference of natural products, advancement in technologies especially the use of augmented reality (AR), in the cosmetics industry, and rising demand for menu2019s grooming products. Other factors such as rising awareness among the people about their health, and wellness, and the rise in ageing population around the world are some of the reasons behind the growth in the market.
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Global Beauty and Personal Care Market by Products, Distribution Channels, Types, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 –2026 Report By
The globalbeauty and personal care market is, expected to reach USD 757 billion, expanding at a CAGR of around 6%, during the forecast period 2020–2026. The major reasons behind the growth of the market are rising preference of natural products, advancement in technologies especially the use of augmented reality (AR), in the cosmetics industry, and rising demand for men’s grooming products. Other factors such as rising awareness among the people about their health, and wellness, and the rise in ageing population around the world are some of the reasons behind the growth in the market. Request for sample@https://dataintelo.com/request-sample/?reportId=78680 Primarily, as the name implies beauty and personal care is the application of the products to enhance the appearance of an individual. There are various aspects of beauty such as skin, hair, and face to name a few. In the current scenario, the importance of ones looks and well-being has grown manifold. It not only bolsters the individual’s confidence, but also propels the self-respect of the individual. These products are generally, made by mixing various chemical compounds, which are obtained naturally or artificially. Moreover, there are several companies which are making natural and personal beauty care products, since there are growing concern over the use of chemicals in these products which hampers the skin, hair or face wherever they are applied.
Market Trends, Drivers, Restraints, and Opportunities: • Surge in preference of natural, and organic beauty products, by the consumer these days is a driving factor behind the growth of the products in the market. • Rise in demand of male grooming product, is also anticipated to have a positive impact in the growth of the market. • The increasing awareness among the people about their health, and wellness, is a reason behind the growth of the market. • Rise in ageing population, around the world, is expected to drive the market growth. • Advancement in technologies, especially the use of augmented reality (AR), in the cosmetics industry is a driving factor for the growth of the product in the market. • The rise in population in Asia Pacific region, is expected to have a positive impact in the growth of the market. • The increase in income level of the people around the world, is expected to have a positive impact in the growth of the market. • Lack of research in beauty industry, is anticipated to be an obstacle in the growth of the market.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=78680 Competitive Landscape: The companies which operate in the global beauty and personal care market, are quite a few in number. Some of them are • L’occitane International S.A • Mary Kay Inc • Beiersdorf AG • L’Oréal Group • Kao Corporation • Unilever • The Estée Lauder Companies Inc. • Procter & Gamble • Revlon Inc. • Coty Inc.
Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=78680 Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Beauty and Personal Care Market, and help them formulate optimum business strategies to maximize growth in the market.
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