According to the research report titled ‘Global Cosmetics Market (2022 Edition) - Analysis By Product Category (Skincare, Haircare, Makeup, Others),, By Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global cosmetics market was worth USD 307.69 billion in 2020 and is anticipated to register exponential growth through 2026.

As per expert opinion, rising popularity of sun care products, fresh face mists, and night skin repair creams as well as growing cognizance about benefits of cosmetics for skin and hair among consumers are the major growth determinants for global cosmetics market.

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However, chemicals employed in the production of cosmetic items as well as cognizance that usage of these products on daily basis may cause damage to the skin are hampering the industry outlook.

Based on distribution channel, the industry is bifurcated into online, and offline. Among these, the online segment is poised to grow at a rapid rate during the stipulated timeframe, owing to easy availability of smartphone and internet around the world, accessibility to wide range of options, and affordability.

In terms of product terrain, the market is branched into makeup, skincare, haircare, and others. Among these, the skincare category of cosmetics industry is slated to expand at a rapid pace during the forecast period, due to extensive demand for skincare products among consumers for concerns like pollution, sun protection, and job stress. Notably, social media has increasing customer awareness about natural & healthy selfcare products nowadays, which in turn is boosting the segmental growth.

From the regional frame of reference, Asia Pacific industry size is slated to grow at a rapid rate during the forecast timeline, owing to increasing awareness about health and hygiene, growing emphasise on enhancing personal appeal, and rising demand for natural & organic beauty products in the region.

Considering the competitive landscape, Natura & Co., Coty Inc., Beiersdorf AG, Kao Corporation, Johnson & Johnson, Shiseido Company Limited, Estée Lauder Companies Inc., Procter & Gamble Company, Unilever plc, and L’Oréal S.A. are the leading players in global cosmetics market outlook.