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 the year 2020 and is expected to witness stellar growth through 2026.

Growing awareness among consumers regarding the benefits of cosmetics for skin and hair maintenance coupled with increasing usage of sun care products & night skin repair creams as well as fresh face mists are some of the major factors boosting the growth of global cosmetics market.

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Based on the product category, the market is fragmented in terms of skincare, makeup, haircare, and others. Among these, the skincare segment is expected to record the fastest growth during the analysis period, primarily attributed to growing skin concerns, increasing promotion of health & self-care products, and growing demand for high-qualtiy skincare brand.

Moving on to the distribution channel, the market is bifurcated on the basis of offline and online segments. Out of these, the online segment is expected to register a swift growth rate during the forecast period, ascribed to growing cognizance over e-commerce advantages and the online distribution method.

Geographically, Asia Pacific cosmetics market size is estimated to expand considerably through the forecast timeline owing to growing concern over the personal appeal, health & hygiene, and rising demand for natural and organic beauty products. Moreover, South Korea, China, Japan, and India are found to have most cosmetics consumers in the world.

L'Oréal S.A., Procter & Gamble Company, Shiseido Company Limited, Kao Corporation, Coty Inc., Unilever plc, The Estée Lauder Companies Inc., Johnson & Johnson, Beiersdorf AG, and Natura & Co. are the major leading companies influencing the global cosmetics market.