The online beauty and personal care products market accounted for US$ 35.32 billion in 2019 and is estimated to be US$ 238.5 billion by 2029 and is anticipated to register a CAGR of 21.3%.
The report "Global Online Beauty and Personal Care Products Market, By Product Type (Skincare, Haircare, Oral Hygiene, Bath and Shower, Color Cosmetics, Male Grooming Products, Fragrances & Deodorants, Sun Care Products, Baby and Childcare Products, and Depilatory Products) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Key Highlights:
- On May 2020, Amorepacific Corporation -Global Beauty Company announced a partnership with the Australian luxury skincare company RATIONALE Group. This partnership aims to strengthen its luxury portfolio, as well as to secure leadership in the personalized cosmetics category.
- On May 2020, Shiseido Company, Limited launched a new sustainable skincare brand developed with social responsibility and environmental considerations in mind called BAUM. The products have been formulated without parabens, silicones or synthetic colorants, and blended with tree-derived natural fragrances.
Analyst View:
Rapid growth in internet technology and access to smart devices
Quick and easy access to several online shopping sites through phones and PCs and the presence of popular beauty & personal care brands is boosting the target market growth globally. Secured online payments, easy navigation, customer support, user-friendly website designs, and easy return policy are some of the key factors projected to boost the global market growth.
A large number of large-scale and small-scale vendors
Prominent vendors are focusing on launching products including ingredients derived from organic and natural sources to strengthen their revenue generation. The growing scope of the espousal of m-commerce (mobile-commerce) and network marketing is anticipated to be helpful for these market players in the coming years. Furthermore, manufacturers are focusing on opening new retail outlets to expand their distribution channels, vast geographic presence, production facilities, and increase their earnings.
Key Market Insights from the report:
The global online beauty and personal care products market accounted for US$ 35.32 billion in 2019 and is estimated to be US$ 238.5 billion by 2029 and is anticipated to register a CAGR of 21.3%. The market report has been segmented on the basis of product types and regions.
- By product type, the skincare products segment is projected to lead the other segments in the global market. Skincare products include body lotions, facial products, sunscreens, foot creams, etc., that help the skin to prevent several skin problems such as aging and skin damage. A growing number of beauty and personal care brands and new features added to online platforms to enhance buyers’ experience is expected to boost the segment growth in the coming years.
- By region, Asia Pacific estimated for the highest share in the market in 2018, which is mainly driven by increased demand for fragrances and colored cosmetics coupled with the presence of new brands, and consumer experimentation with new products.
Before purchasing this report, request a sample or make an inquiry by clicking the following link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4289
Competitive Landscape:
The prominent player operating in the global online beauty and personal care products market includes L’Oréal, Revlon, Inc., Unilever, Procter & Gamble Company (P&G), CHANEL, SHISEIDO, AVON, Estée Lauder, Johnson & Johnson, and AmorePacific Corporation.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Other Topics:
https://sites.google.com/view/hempmarket/home
Article source: https://article-realm.com/article/Internet-Business/Auctions/26471-Online-Beauty-and-Personal-Care-Products-Market.html
Reviews
Comments
Most Recent Articles
- Apr 29, 2023 How to install Peacock TV ? by charles hensen hensen
- Apr 28, 2023 Watch Out For These 5 Major Trends In Public Relations by Global Pr Connect
- Apr 26, 2023 Are Animals Better Than Humans? by Animals Name
- Apr 26, 2023 Animals Name in Hindi and English with Pictures by Animals Name
- Apr 25, 2023 How To Choose Best Public Relation Agency In Delhi by Global Pr Connect
Most Viewed Articles
- 1048 hits Agency downgrades Parrish Medical Center debt by nisse lind
- 893 hits How to find the Best News Websites? by Stephen Colbert
- 879 hits Raleigh Wedding Photographer is Creative, innovative and Highly Professional! by Jojo Franky
- 845 hits Alex Rider Novels by janyy scott
- 758 hits Headwear used for saltwater fly fishing protects the anglers from sun rays by Jessica Jackson
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
77367 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
32687 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
13710 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
11086 Views
Statistics
Members | |
---|---|
Members: | 15316 |
Publishing | |
---|---|
Articles: | 63,054 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 464 |
Members: | 6 |
Guests: | 458 |
Bots: | 12261 |
Visits last 24h (live): | 1540 |
Visits last 24h (bots): | 28016 |