Global Cosmetics Market is expected to expand significantly in the coming years

Global Cosmetics Market is
expected to expand
significantly in the coming
years
Global Cosmetics Market: Overview
Cosmetics are products used to enhance
various aspects of an individual’s
appearance. Hair care, skin care, and
deodorants are some of the most
popular types of cosmetics available in
the global market. The global cosmetics
market has grown by leaps and bounds
in the last few years due to the rising
awareness among the global population.
The growing geriatric population and its
rising demand to maintain a youthful
appearance has also had a major role in
the expansion of the cosmetics market.
Thus, the global cosmetics market is
expected to expand significantly in the
coming years.
Global Cosmetics Market: Drivers and
Restraints
The global cosmetics market is primarily
propelled by the rising health awareness
among the global population and the
increasing preference for maintaining a
youthful appearance. The aging baby
boomer population in the West has also
allowed the cosmetics market to
prosper, since the elderly are trying to
maintain their youthful appearance
instead of giving in to the onset of signs
of aging. Anti-wrinkle products are thus
among the major segments of the global
cosmetics market.
The global cosmetics market is also
propelled by the increasing awareness
about the adverse effects of pollution on
the skin and hair. Due to rapid
urbanization and industrialization,
pollution has spiraled out of control in
many emerging regions, with cities such
as New Delhi, Mumbai, Beijing, and
Shanghai regularly showing up on lists of
the most polluted cities in the world. Air
pollution can cause dryness, rashes, and
several other minor and major skin and
hair conditions, which eventually lead to
poor skin health. Due to this, protective
cosmetic products are rising in demand
to counter the adverse effects of
pollution on the body.
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The possible side effects of cosmetic
products on human health are the major
restraint on the global cosmetics market.
To counter this, companies in the global
cosmetics market are increasingly
adding natural and organic products to
their portfolio. Rather than natural
cosmetics emerging as a rival for
conventional cosmetics, switching to
natural cosmetics is expected to emerge
as a feasible and highly profitable
strategy for cosmetics industry players in
the coming years.
The increasing utilization of e-commerce
has also emerged as a beneficial factor
for the global cosmetics market. Online
shopping has allowed manufacturers to
establish a sales network in developing
regions even without having a major
manufacturing plant in the region,
boosting the global market.
Global Cosmetics Market: Geographical
Dynamics
The increasing disposable income of
consumers in developing regions has
also helped the cosmetics market
significantly. Owing to their high
disposable incomes and rising living
standards, consumers in regions such as
Asia Pacific, Latin America, and the
Middle East are becoming increasingly
important for cosmetics industry players,
since countries such as China, India,
Indonesia, and Brazil have a large
population and thus a large potential
consumer pool.
The Asia Pacific (APAC) market for
cosmetics has expanded rapidly in the
last decade. The region has become a
major player in the global cosmetics
market. The rising disposable income of
consumers in this region has been a
major factor boosting the APAC
cosmetics market. Western Europe and
North America are the established hubs
in the cosmetics industry and are home
to several major players in the industry.
These factors will result in these two
regional markets retaining their high
shares in the global cosmetics market in
the coming years.
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Global Cosmetics Market is expected to expand significantly in the coming years

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