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Cosmetics Market size was estimated at USD 467.63 billion in 2024, and it is anticipated that the total revenue from cosmetics will increase at a compound annual growth rate (CAGR) of 5.25% between 2025 and 2032, to reach over USD 704.17 billion.<br><br>Need More Information? Get additional details here @ https://www.maximizemarketresearch.com/market-report/global-cosmetics-market/72541/ <br><br>
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Cosmetics Marketglobal Analysis Report 2025-2032 Published by: Harshada, Marketing Head
Market Size & Overview: The global cosmetics market was valued at approximately USD 467.63 billion in 2024 and is projected to reach nearly USD 704.17 billion by 2032, growing at a CAGR of 5.25% during the forecast period. Cosmetics encompass a variety of products designed to enhance or alter the appearance of the human body, including skin and sun care items, hair care products, deodorants, makeup, color cosmetics, and fragrances.
Market Growth & Opportunities The market's growth is driven by factors such as increasing consumer awareness about personal appearance, rising disposable incomes, and the expanding availability of innovative and diverse cosmetic products. A notable trend is the growing demand for natural and organic cosmetics, as consumers become more conscious of product ingredients and their environmental impact. This shift presents significant opportunities for companies to develop eco-friendly and sustainable product lines. Sample Request
Market Segmentation by Gender • Men • Women • Unisex by Category • Skin & Sun Care • Hair Care • Deodorants • Makeup & Color • Fragrances by Distribution Channel • Retail • Online
Regional Analysis: • North America: The cosmetics market in North America is expected to grow at a significant CAGR from 2022 to 2030. This growth is attributed to the expansion of product portfolios by prominent manufacturers and increasing consumer spending on cosmetics and personal care products. • Europe: Europe holds a substantial share of the global cosmetics market, driven by high consumer awareness and demand for premium beauty products. The region's emphasis on sustainability and natural ingredients also contributes to market growth. • Asia-Pacific (APAC): APAC dominated the cosmetics market with a share of around 45.0% in 2023. The region's growth is fueled by increasing disposable incomes, urbanization, and a growing middle-class population seeking quality cosmetic products.
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Merges and Acquisition • L'Oréal's Acquisition of Gowoonsesang Cosmetics: In December 2024, L'Oréal acquired Gowoonsesang Cosmetics, the parent company of South Korean skincare brand Dr.G. This move aims to capitalize on the popularity of K-Beauty and expand L'Oréal's presence in the pan-Asian market. • Aurea'sAcquisition of The Body Shop: In 2024, private equity firm Aurea, co-founded by Mike Jatania and Paul Raphael, acquired The Body Shop. The acquisition focuses on revitalizing the brand by emphasizing beauty, wellness, and longevity products, while addressing operational challenges to restore profitability. • L'Oréal'sAcquisition of Aesop: In 2023, L'Oréal agreed to acquire Aesop, Natura’s Australian-based personal care brand, in a deal worth $2.5 billion. This acquisition is part of L'Oréal's strategy to strengthen its position in the global luxury beauty market.
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