Cosmetic Market is predicted to reach USD 0.4 Billion at a CAGR of 5.34% during the forecast period

December 2022, Market Research Future has published a Report on the Global Cosmetics Market

The Global Cosmetics Market is projected to record a CAGR of 5.34% during the forecast period due to the growing number of specialty stores.

The Cosmetics Market include L'Oréal S.A (France), The Procter & Gamble Company (US), Unilever plc. (UK), The Estee Lauder Companies Inc. (US), Shiseido Company, Limited (Japan), LVMH Moët Hennessy (France), Kao Corporation. (Japan), Oriflame Holding AG (Switzerland), Avon Products, Inc. (UK), and Revlon, Inc. (US). The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a reach across India along with diverse product portfolios. Companies such as L'Oréal S.A,

Market Highlights

The Global Cosmetics Market is projected to be valued at USD 0.4 billion by 2030, recording a CAGR of 5.34% during the forecast period. Increasing consumer spending on cosmetics & personal care products and the growth of the organized retail sector in Asia-Pacific is driving the growth of the global cosmetics market. Furthermore, the increasing working women population in emerging countries is expected to further fuel the demand for cosmetic products among consumers. However, the side effects of harmful chemicals are expected to hinder the market growth in the coming yearsSegmental

Segmentation Analysis

The Global Market has been segmented based on product type, category, distribution channel, and region.

Based on product type, the global cosmetics market has been segmented into skin cosmetics, hair cosmetics, nail cosmetics, eye cosmetics, and others. The skin cosmetics segment accounted for the largest market share of 40.97% in 2022 and is projected to register a CAGR of 4.92% during the forecast period, while the nail cosmetics segment is expected to exhibit the highest CAGR of 6.10% during the review period.

Based on Category, The global cosmetics market has been segmented into organic & natural, and conventional. The conventional segment accounted for a larger market share of 71.22% in 2022 and is projected to exhibit a CAGR of 5.21% during the forecast period. The organic & natural segment accounted for a 28.78% share of the global market in 2022; it is projected to register the highest CAGR of 5.63% during the forecast period. The demand for organic & natural cosmetics is increasing due to several factors such as allergic reactions to certain makeup kits containing harsh chemicals, such as parabens, and increasing inclination toward safe cosmetics products. Moreover, the growing influence of social media and beauty bloggers is expected to drive the market in the segment during the forecast period.

By distribution channel, the global cosmetics market has been segmented, into store-based and non-store based. The store-based segment has been divided into supermarkets & hypermarkets, convenience stores, specialty stores, and others. The store-based segment accounted for a larger market share of 79.67% in 2022 and is projected to exhibit a CAGR of 5.23% during the forecast period, while the non-store-based segment is expected to exhibit a higher CAGR of 5.76% during the review period.

On the basis of region, the Global Cosmetics Market has been categorized as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific constituted a dominant share of the market in 2022. Expanding the product portfolio of cosmetics by the key manufacturers is one of the significant factors resulting in the growth of the market in North America. Innovation in the product portfolio is another key factor, which is expected to positively impact the growth of the market in North America.

Europe also accounted for a significant share of 28.81% of the global cosmetics market in 2022, and the trend is expected to continue throughout the forecast period. Improvements in the current lifestyles of consumers are majorly affecting the growth of the market. Consumers have now become conscious regarding the usage of cosmetics daily, which escalates the sale of cosmetics in European countries. Continuous product development is the significant factor leading to the high demand for cosmetics. Presently, manufacturers are focusing on product developments with the use of new ingredients. They are also focusing on the use of organic and natural ingredients in the manufacturing process, owing to the rising acceptance of organic cosmetics among consumers. Consumers are willing to pay more for premium products to protect their sensitive skin from harsh chemicals. Manufacturers are also focusing on collaborating with e-commerce companies to enhance overall profitability.

Key Findings of the Study:

• The Global Cosmetics Market is projected to register a growth rate of 5.34% from 2023 to 2030.


• The skin cosmetics segment accounted for a larger market share of 40.97%, with a market value of USD 107.26 billion in 2022; it is expected to register a CAGR of 4.92% during the forecast period


• The conventional segment accounted for a larger market share of 71.22%, with a market value of USD 186.47 billion in 2022; it is expected to register a CAGR of 5.21% during the forecast period


• The store-based segment accounted for a larger market share of 79.67%, with a market value of USD 208.59 billion in 2022; it is expected to register a CAGR of 5.23% during the forecast period