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The cosmetics products market share in France is expected to increase to USD 2.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.27%.
This cosmetics products market in France research report extensively covers cosmetics products market segmentation in France by:
The cosmetics products market in France report also offers information on several market vendors, including Amorepacific Group Inc., Amway Corp., Caudalie International SE, Christian Louboutin LLC, Embryolisse, Johnson and Johnson, Kao Corp., LABORATOIRES FILORGA COSMETIQUES, LOccitane Groupe S.A., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, MacAndrews and Forbes Inc., maxingvest AG, Oriflame Holding AG, PUIG S.L., Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., Unilever PLC, and Yves Rocher among others.
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The growing population in the age group of 30 to 50 years is notably driving the cosmetics products market growth in France, although factors such as the growing price wars among market vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cosmetics products industry in France. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cosmetics Products Market Driver in France
One of the key factors driving growth in the cosmetics products market in France is the growing population in the age group of 30 to 50 years. In recent years, the population in the age group of 30-45 years has been increasing worldwide. This is leading to a growing demand for cosmetic skincare products to achieve flawless-looking skin while improving the overall appearance. Middle-aged people are increasingly experiencing aging-related anxiety because of extrinsic aging factors. Aging anxiety, environmental factors, concerns about changes in facial appearance, and the need to look younger have all led middle-aged people to opt for cosmetic skincare products to obtain clear and glowing skin. Moreover, the younger population under the age of 30 years is also opting for cosmetic products like anti-aging creams and skincare lotions as a part of their daily skincare regimen to look young and retain their youthful looks. Thus, the higher adoption of beauty and skincare products among the younger population is another factor contributing to the overall growth of the market.
Key Cosmetics Products Market Trend in France
The growing preference for organic cosmetics and cosmeceuticals is a cosmetics products market trend in France that is expected to have a positive impact in the coming years. Consumers are gradually shifting from chemical-based cosmetics to organic or chemical-free cosmetics. Chemical-free cosmetics and cosmeceuticals are gaining popularity among consumers as they are free from toxic compounds that are harsh on the skin, or they contain biologically active compounds that offer medicinal benefits for the skin. Natural raw materials such as neem extracts, soybean, fish oil, aloe vera, and guar gum are increasingly being used in manufacturing organic skincare products. Organic cosmetics also comprise natural fragrances, whereas chemical-based fragrances in cosmetics are linked with toxic effects and may lead to cancer, nervous system disorders, allergies, and congenital disabilities. The emerging trend of organic cosmetics and cosmeceuticals is leading to more consumers opting for chemical-free skincare products, thereby augmenting market growth.
Key Cosmetics Products Market Challenge in France
The growing price wars among market vendors will be a major challenge for the cosmetics products market in France during the forecast period. Some established players offer cosmetic products for both skin and hair. However, the high growth potential of cosmetic products has attracted new players into the market, thereby intensifying the competition. To offset this rising competition and gain more customers, various players are focusing on offering products at reduced and discounted prices. For instance, L'Oreal brand Garnier offers antioxidant products that start at $4. Many vendors are expected to reduce the prices of their cosmetic products to stave off growing competition.
This cosmetics products market in France analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the cosmetic products market in France as a part of the global personal products market within the global household and personal products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cosmetics products market in France during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the cosmetics products market in France encompasses successful business strategies deployed by the key vendors. The cosmetics products market in France is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.
christianlouboutin.com - The company offers cosmetic products in France such as Rococotte, Bronze Eloise and Rouge Follies.
christianlouboutin.com - Under the unified segment, the company offers beauty products for lips, eyes, face, nails, fragrances and looks.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cosmetics products market in France forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cosmetics products market in France, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The cosmetics products market share growth in France by the skincare products segment will be significant during the forecast period. Skincare is the largest product segment in the cosmetic products market in France. The market segment is driven by increased awareness and consciousness about skincare among customers. Nowadays, customers are willing to spend more on premium skincare products. The market is expected to grow at a steady pace over the next five years as skincare product manufacturers are making concerted efforts toward product innovation and new product launches to attract more customers.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cosmetics products market size in France and actionable market insights on post COVID-19 impact on each segment.
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Cosmetics Products Market Scope in France |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.27% |
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Market growth 2022-2026 |
$ 2.48 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.84 |
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Regional analysis |
France |
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Performing market contribution |
Europe at 100% |
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Key consumer countries |
France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Amorepacific Group Inc., Amway Corp., Caudalie International SE, Christian Louboutin LLC, Embryolisse, Johnson and Johnson, Kao Corp., LABORATOIRES FILORGA COSMETIQUES, LOccitane Groupe S.A., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, MacAndrews and Forbes Inc., maxingvest AG, Oriflame Holding AG, PUIG S.L., Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., Unilever PLC, and Yves Rocher |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product Type
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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