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Beauty and Personal Care Market to Grow at CAGR of 3.20% over 2022-2028

The Global Beauty and Personal Care Market is likely to reach $701.11 billion by 2028, with a CAGR of 3.20% during the forecast period 2022-2028. Read More.<br>

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Beauty and Personal Care Market to Grow at CAGR of 3.20% over 2022-2028

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  1. BeautyandPersonalCareMarkettoGrowatCAGRof3.20%over2022-2028 TritonMarketResearchpresentstheGlobal Beauty and Personal Care MarketreportsegmentedbyType(HairCare,ColorCosmetics,BabyandChild-specificProducts,BathandShowerProducts,SunCare,Skincare,OralCare,Fragrances,Men’sGrooming,OtherTypes),bySalesChannel(BeautySpecialistStores,Pharmacies&Drugstores,Hypermarkets&Supermarkets,E-Commerce,OtherSalesChannels),byGeographicalRegion(NorthAmerica,Europe,Asia-Pacific,LatinAmerica,MiddleEastandAfrica),discussingMarketSummary,IndustryOutlook,MarketDrivers,MarketChallenges,MarketOpportunities,CompetitiveLandscape,ResearchMethodology&Scope,andGlobalMarketSize,Forecasts,&Analysis(2022-2028). TritonMarketResearch,initsreportontheGlobalBeautyandPersonalCareMarket,hasstatedthatthemarketislikelytoevolveataCAGRof3.20%overtheforecastingdurationfrom2022to2028. RequestFreesamplereport: https://www.tritonmarketresearch.com/reports/beauty-and-personal-care-market#request-free-sample

  2. Inrecentyears,premiumtrends,likethepreferencefororganicandall-naturalbeautyproducts,havebeenontherise.Hence,companiesthathaveheavilyinvestedinresearch&developmenttokeeppacewiththesetrendshavefaredwell.Atthesametime,certainsyntheticingredientsusedincosmeticproductshavealsogainedconsiderablenegativepublicity,whichhasassertedtheconsumers’ negativeperceptionsofchemicals.Thus,thedemandfornaturalandorganicbeautyandpersonalcareproductsisakeydriverofthemarket. Further,overthepastfewyears,counterfeitsofleadingbrandsinthebeautyandpersonalcarespacehavefloodedthemarket.Theseproductsarepricedlowerthantheoriginalbrandedproductstolurecustomers.Thisaffectsthemarketshareoftheleadingcompanies,andthushasanegativeimpactonthestudiedmarket’sgrowth. TheAsia-Pacificleadstheglobalmarketforbeautyandpersonalcare,withthehighestrevenuesharein2021.Itisexpectedtocontinuethisgrowthuntiltheendoftheprojectedperiod.Inthisregion,themostpromisingmarketgrowthhasbeenwitnessedinChina.Thefast-growing,middle-classpopulationinthecountryhashadacrucialimpactontheconsumptionpatternsandsalesvolumeofbeautyandpersonalcareproducts,particularlyinthepremiumsegment.Inaddition,SouthKorea-basedmanufacturershavealsobeenexpandingtheirproductionoutputinChinatocatertothesurgingdomesticdemand. EstéeLauderCos,ArabianOudCo,CotyInc,PuigSL,BeiersdorfAG,ShiseidoCoLtd,KaoCorp,Natura&Co,AmorepacificCorp,Colgate-PalmoliveCo,Procter&GambleCo,UnileverGroup,L’oréalGroupe,Johnson&JohnsonInc,LVMHMoëtHennessyLouisVuittonSA,HenkelAG&CoKGaAaresomeofthenotableplayersinthebeautyandpersonalcaremarket. Buyershaveastronginfluenceinthebeautyandpersonalcaremarket.Theavailabilityofsubstitutesandsimilarproductsprovidescustomerswiththeadvantageofswitching.Further,thismarketalsoconsistsofsomesubstituteservices,thushinderingthemarketgrowth.Theavailabilityofbeautytreatmentsandspatreatments,alongwithadherencetoahealthydietandaregularexerciseroutine,workasanalternativetousingtheseproducts.Besides,asignificantnumberofpeoplearenowpreferringcosmeticsurgerytreatments,astheyhavebecomemorecost-effective,andareconsideredanalternativeforbeautyandpersonalcareproducts. ContactUs:sales@tritonmarketresearch.comPhone:+447441911839

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