According to the recent 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 valued USD 307.69 billion in 2020 and is expected to amass substantial gains by 2026.

The major factors driving the global cosmetics market growth are rising personal expenditure, increasing awareness regarding the benefits of cosmetics for skin and hair, and the rising trend for sun care products, fresh face mists, and night skin repair creams.

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There is a growing demand for health-promoting and self-care goods, as well as social media's ability to educate and inform customers rapidly. Most crucially, new technology's potential to simplify the extraordinarily complicated choices people confront when interacting with skincare brands is adding traction to the overall market size.

With rising demand for cosmetics around the world, the online distribution method has lured new customers. Cosmetics consumption has been encouraged by the growing fashion and entertainment sectors in large and emerging countries such as the United States, France, and South Korea. While consumers in major cities choose online retail and e-commerce for the majority of their purchases, the trend is progressively spreading to non-metro cities.

Global cosmetics market is segmented into a product category, distribution channel, and regional terrain. The product category involves skincare, makeup, haircare, and others. The skincare segment is expected to witness stellar growth during the estimated timeframe due to growing skin concerns like sun protection, dealing with stress in all environments, and pollution.

In terms of distribution channel this market space is bifurcated into online and offline modes. The online segment is predicted to grow at the fastest rate during the study timeframe owing to the cost-effectiveness and availability of various products worldwide.

The regional terrain of global cosmetics industry extends to Asia Pacific, Europe, the Middle East & Africa, Latin America, and North America. Asia Pacific is likely to emerge as a key revenue generator for the market participants in the coming years given the growing emphasis on maintaining personal appeal, health and hygiene, and rising demand for natural and organic beauty products.

The competitive landscape of global cosmetics business sphere is formulated by companies such as Estée Lauder Companies Inc., Unilever Plc, Shiseido Company, Procter & Gamble, Johnson & Johnson, L'Oréal S.A, Kao Corporation, Coty Inc., Beiersdorf AG, and Natura & Co.