Coherent Market Insights published a business research report on Personal Care Products Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Personal Care Products Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Personal care products are mainly utilized to help regulate and improve personal hygiene and physical appearance of a person. These goods are hence vastly utilized over all the households, by people fitting all age groups, genders, and ethnic and economic condition. Hygiene, the domineering to human health and wellbeing, is also the pioneer to various ailment such as TB and malaria. Rising prevalence for personal care products during the recent past is an outcome of rising consumer awareness regarding several hygiene-associated disorders and the advantages of such goods to decrease threat of the spread of these disorders. This further, is propelling development of the personal care products market. Moreover, increasing health awareness amidst the populace during the recent past, is rising inclination to eco-friendly and organic personal care products, due to rising awareness regarding the adverse health effects of synthetic personal care items.
Drivers
Main reasons fueling development of the global personal care products market comprise rising consumer inclination for improving and regulating personal aesthetic appeal, rising concerns about personal hygiene, and the rising retail industry. Anyhow, high prices of the products and increasing consumer inclination towards household medications such as honey wash, lavender cream, and homemade toothpastes tend to act as major factor hindering the growth of personal care products market. Artificial or Chemical personal care products can lead to a variety of health problems such as eye irritation, skin rashes, hormonal issues, throat and nose infection, and in some cases malignancy. To handle this problem, sectors such as the Food and Drug Administration are aiming on making and executing rules regarding cosmetics manufacture and usage. For example, FDA implemented the 21 CFR Laws pertaining to cosmetics, in which a cosmetic item is analyzed to state its security for consumer application. Such laws are persuading various producers to advance organic products, further, propelling market growth. For instance, Allnatural Cosmetics presented a varied natural personal care products, comprising Lumino Foot Butter, Paul Penders BB Cream and Lumino Teeth Brightener.
Increasing Demand for Multifunctional Personal Care Solution to boost Market Growth
Rising number of customers are looking to simplify daily beauty agendas, due to their hectic schedule. This has led in rising need for multifunctional personal care goods, meaning one product serves numerous cleansing necessities. These items provide several features such as cleansing, anti-aging, antioxidant properties, miniaturization, and UV protection. This further, decreases the time spent on cleaning and price invested by purchasing several goods. For example, Sana Pore Putty Keana Pate Shokunin, a Japan-based personal care products brand introduced BB Cream Pore Tight Life SPF 50+ that provides multifunctional features. This item can be utilized as serum, makeup primer, sunscreen, and concealer amidst others. Watsons Personal Care Stores based in China presented Watsons Collagen Mineral BB Cream that consists of minerals and fish collagen. This cream can be utilized as skin softener, moisturizer and brightener. Rising number of beauty conscious women and rising number of metrosexual males are progressively being persuaded towards securing and keeping skin health. This further, is fueling the market growth. Also, large-scale ads endorsing several products are also propelling market development. As per the NHCS based on the U.S. Census data in 2016, around 1.35 million individuals invested around US$ 500 on skin care products, in the U.S., the count for which is predicted to rise over the predicted timeline.
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Regional Insight
Asia Pacific is anticipated to be the fastest rising region in the global personal care products market over the predicted timeline, due to increasing awareness about personal hygiene, rising inclination to men’s grooming products, and burgeoning development of the retail industry in the region.
Product invention is one of the key plans acquired by the market players in the personal care products market. Producers are aiming on generating multifunctional personal care products and sachets to increase their global presence.
Competitive Landscape:
Some of the key companies included in the global personal care products market are Johnson & Johnson, Procter & Gamble, Estee Lauder, The Hain Celestial Group, Yves Rocher, Colgate-Palmolive Company, The Body Shop, L’Oreal S.A., Unilever PLC, Avon Products Inc., and Kao Corporation.
Key Developments
Major players in the market are acquiring several business plans such as merger and acquirement, orderly to gain competitive edge in the market. For example, in February 2018, Groupe Rocher, a seller of botanically-based beauty products, adopted Arbonne International, a supplier of vegan skincare, body and bath makeup products.
Key players in the market are aiming on several growth plans such as collaborators and acquisition, orderly to gain competitive edge in the market. For example, in July 2019, Colgate-Palmolive, a dental care brand, adopted French skin-care brand Laboratoires Filorga Cosmétiques. The deal was finished for reported fee of US$ 1.69 billion.
Market players in the market are included in several growth plans such as collaborators and acquisition, orderly to improve the marker rank. For example, in June 2019, Unilever PLC, a consumer goods company, adopted Tatcha LLC, a leading skincare brand.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Personal Care Products Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Personal Care Products Industry Impact
Chapter 2 Global Personal Care Products Competition by Types, Applications, and Top Regions and Countries
2.1 Global Personal Care Products (Volume and Value) by Type
2.3 Global Personal Care Products (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Personal Care Products Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Personal Care Products Market Analysis
Chapter 6 East Asia Personal Care Products Market Analysis
Chapter 7 Europe Personal Care Products Market Analysis
Chapter 8 South Asia Personal Care Products Market Analysis
Chapter 9 Southeast Asia Personal Care Products Market Analysis
Chapter 10 Middle East Personal Care Products Market Analysis
Chapter 11 Africa Personal Care Products Market Analysis
Chapter 12 Oceania Personal Care Products Market Analysis
Chapter 13 South America Personal Care Products Market Analysis
Chapter 14 Company Profiles and Key Figures in Personal Care Products Business
Chapter 15 Global Personal Care Products Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued….
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