August 08, 2022
According to the business intelligence report titled ‘Global Online Beauty & Personal Care Market (2022 Edition) - Analysis By Category, By Type, By End User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global online beauty & personal care market which amassed a valuation of USD 14.56 billion in 2021, is likely to progress at a modest rate during 2022-2027.
Consumer inclination toward luxury brands, improvements in the quality of life, and the crucial role of beauty products in benefitting the self-esteem of consumers are the major factors fueling global online beauty & personal care market growth.
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Furthermore, awareness regarding a variety of cosmetics, and increasing preference toward products that provide numerous advantages such as skin protection as well as hydration are likely to further drive innovation among the enterprises in this sector through the review period. Also, rising disposable income, and surging demand for a convenient shopping experience are likely to improve revenue flow for the market in the ensuing years.
To deliver a clear understanding of market behavior among stakeholders, the document includes a succinct evaluation of the many segments within the business sphere including category, type, and end-user expanse.
In terms of category, the marketplace is classified into skincare, color cosmetics, oral care, haircare, and others. The skincare segment is estimated witness high demand in the ensuing years, owing to rising sales of foot creams, body lotions, sunscreens, and facial products to prevent ageing & skin damage.
Considering type, organic and non-organic cosmetic products are the two kinds that are vastly available in worldwide online beauty & personal care market. Speaking of end-user, both males and females can benefit from the repeated use of personal care products.
From a regional frame of reference, North America is anticipated to command a notable market share in the upcoming years, closely followed by Europe.
Meanwhile, due to the existence of numerous players in the region, Asia Pacific industry maintains its position as a viable avenue for profit generation over the analysis timeframe.
Regarding the competitive environment, Revlon Inc., L'Oreal S.A., Beiersdorf AG, The Estee Lauder Companies Inc., Coty Inc., Unilever plc, Oriflame Holding AG, L'Occitane en Provence, Nykaa, and Shiseido Company Ltd. are the major corporations influencing global online beauty & personal care industry dynamics.