Personal Care Market to Grow by USD 148.89 Billion | 17,000+ Technavio Research Reports

NEW YORK, Nov. 2, 2021 /PRNewswire/ — The personal care market is set to grow by USD 148.89 billion between…

NEW YORK, Nov. 2, 2021 /PRNewswire/ — The personal care market is set to grow by USD 148.89 billion between 2020 and 2025, and register a CAGR of 5.68%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amway Corp., CHANEL Ltd., Colgate-Palmolive Co., Johnson and Johnson Inc., Kao Corp., LOreal SA, Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., and Unilever Group are some of the major market participants.

The increasing number of male and female customers opting for personal care products will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Personal Care Market 2021-2025: Segmentation

  • Product
    • Skincare Products
    • Haircare Products
    • Color Cosmetics
    • Oral Care Products
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

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Personal Care Market 2021-2025: Regional Analysis

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. 54% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for personal care in APAC. The rising demand for personal care products with naturally derived ingredients will facilitate the personal care market growth in APAC over the forecast period. 

Personal Care Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the personal care market provides a detailed analysis of vendors operating in the market.

The Personal Care Market Report Also Covers the Following Areas:

The rising demand for personal care products with naturally derived ingredients will positively impact the market growth. However, the high cost of natural and organic personal care products will hamper the market growth.

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Personal Care Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist personal care market growth during the next five years
  • Estimation of the personal care market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the personal care market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of personal care market vendors

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Personal Care Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.68%

Market growth 2021-2025

USD 148.89 billion

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 54%

Key consumer countries

US, China, Japan, Germany, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amway Corp., CHANEL Ltd., Colgate-Palmolive Co., Johnson and Johnson Inc., Kao Corp., LOreal SA, Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., and Unilever Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

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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