Chart on Global - Market size and forecast 2019-2029 (USD bn)
Historic Data 2019 - 2023 (USD bn )
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Forecasted Data 2024 - 2029 (USD bn )
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The beauty and personal care market caters to consumers seeking to enhance their appearance and address daily needs through a range of offerings, including skin care, color cosmetics, and hair care products. Millennials and Gen Z consumers are increasingly prioritizing natural, nontoxic, organic, and vegan cosmetics, as well as ecofriendly products, in response to concerns about side effects from chemical filters, parabens, silicones, nanoparticles, PEG, and other chemical ingredients. Sales channels for these products have expanded beyond conventional beauty stores to include specialty stores, e-commerce platforms, and international trade. Product innovation continues to drive the market, with trends toward natural formulations, merger and acquisition activities, and the emergence of new brands such as Shinehigh Innovation, Pacifica, NARS Cosmetics, Neon Hippie, Mushroombased skin care, and Shroom Skincare. Consumers also explore DIY beauty treatments and home-remedies as alternatives to commercial offerings. The skincare market and haircare products continue to dominate the sector, with growing demand for mycelium-based solutions and other niche offerings.
- Technavio reports elaborately highlights the historic market size from 2019 to 2024. Furthermost we also provide the forecast till 2029 with in-depth market share and their CAGR.
- We also have 10+ specific vendor with their key offering and product/service segments in specific.
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