The global cosmetics market size was valued at $380.2 billion in 2019, and is projected to reach $463.5 billion by 2027, registering a CAGR of 5.3% from 2021 to 2027. Presently, cosmetics have become an indispensable feature of modern lifestyle of individuals.
In addition, growth in consciousness about external beauty along with individual’s internal intellect has become one of the major driving factors for use of cosmetics in the global market. Presently, along with women, there is a rise in use of cosmetics among men in their daily routine, which complements growth of the global cosmetics market demand.
Hence, such changing lifestyles, have led to growth of the global cosmetics market. Manufacturers are changing their product branding and advertising strategies to accelerate their sales across various countries. Innovative strategies such as new product launches with natural ingredients and appealing packaging have been adopted by manufacturing companies to increase sales of their cosmetics products.
- As cosmetics have become an integral part of individual’s lives, consumers, especially women, prefer to use cosmetics products, which are handy and easy to use while travelling or attending social meetings.
- Moreover, use of natural ingredients for manufacturing of cosmetics products, which does not have any adverse effect on skin, is a popular strategy of manufacturers to attract more customers.
This also helps in increasing revenue of companies operating in this industry. Collectively, all strategies adopted by manufacturers drive the global cosmetics market. However, chemicals used in manufacturing of cosmetic products can harm an individual’s skin or other parts of the body.
- In addition, application of cosmetic products on a daily basis could be dangerous for skin.
- Chemicals used as ingredients in cosmetic products can have many adverse side effects on skin.
- Long-term and extensive use of chemical rich shampoos, serums, and conditioners lead to heavy hair fall problems.
- Moreover, extensive use of color cosmetic products for eyes and lips can also cause many skin diseases and consequential health hazards.
Therefore, increase in awareness of probable side effects of cosmetics and skin concerns among customers is an important factor that limits growth of the market as a whole. The cosmetics industry has been segmented on the basis of category, gender, distribution channel, and region. On the basis of category, the market is divided into skin and sun care products, hair care products, deodorants & fragrances and makeup & color cosmetics.
By gender, it is divided into men, women, and unisex. On the basis of distribution channel, it is categorized into hypermarkets/supermarkets, specialty stores, pharmacies, online sales channels, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. On the basis of category, the skin and sun care products segment constituted a major cosmetics market share in 2019; however, the deodorants & fragrances segment is projected to experience growth at the highest CAGR during the forecast period.
Skin care products play a major role in daily healthcare regimen of individuals. Presently, rise in awareness about beauty and consciousness are the prominent factors that drive demand for skin care products.
What is the value of the cosmetic industry?
Revenue in the Beauty & Personal Care market amounts to US$571.10bn in 2023. The market is expected to grow annually by 3.80% (CAGR 2023-2027).
What’s missing in the beauty industry?
3. Chemical Catastrophe – Chemical ridden products, vague ingredient labels, and hidden chemicals are three of the major problems with the beauty industry. All these problems stem from one major source: lack of regulation. Lack of regulation enables companies to put unsafe chemicals in products and vaguely label chemicals as “fragrances”.
How big is the cosmetics market?
Frequently Asked Questions About This Report – b. The cosmetics market was estimated at USD 262.21 billion in 2022 and is expected to reach USD 272.43 billion in 2023.b. The cosmetics market is expected to grow at a compound annual growth rate of 4.2% from 2023 to 2030 to reach USD 363.80 billion by 2030.b.
- Asia Pacific dominated the cosmetics market with a share of around 44.7% in 2022.
- This is owing to the people are moving toward a healthy lifestyle and are thinking of a sustainable environment, thus preferring cosmetics made from organic and plant-based ingredients b.
- Some of the key players operating in the cosmetics market include Coty Inc., L’Oréal S.A., Estée Lauder Companies Inc., Revlon, Inc., Avon Products Inc., Unilever PLC, and Shiseido Company, Limited.b.
Key factors that are driving the cosmetics market growth include the rising awareness of chemical-free cosmetics and the rising popularity of personalized skincare products.
Which countries buy the most cosmetics?
In 2018, United States was the leading consumer of beauty products worldwide based on value. The consumption value of beauty products in the U.S. amounted to about 89.71 billion U.S. dollars in that year.
What is face value in market cap?
Difference Between the Face value and Market value – As elaborated in the table below, face Value and Market Value have significant differences in the stock market.
| Particulars | Face Value | Market Value |
| Meaning | It is the stock’s nominal value at the time of issuance. | It is the current stock market price as quoted on the stock exchange. |
| Price Determination | The corporation determines the pricing of share and bond face value. | changes due to the prices of the equities purchased in stock exchanges. |
| Price Fluctuations | Market conditions do not affect Face Value. | Depending on market conditions, the market value can fluctuate. Price fluctuations can occur due to changes in macroeconomic data, government policies, and global events. |
| Calculations | Face value equals the equity share capital divided by the number of outstanding shares. | Market value is calculated by multiplying the current stock price by the number of outstanding shares. |
Book Value: Book value is a similar stock market terminology closely related to Face Value and Market Value. It refers to the value of the company’s shares on its books. is calculated when the company’s net value, or the difference between its assets and liabilities, is divided by the number of issued shares.
Who is the largest cosmetic retailer?
Walgreens Boots Alliance Inc is the leading health & beauty retailer in the world (by retail sales). The company reported revenues of $132,703 million for the fiscal year ended August 2022 (FY2022), an increase of 0.14% over FY2021.
What is the future of the beauty industry 2023?
The worldwide health and beauty retail business, and cosmetics in particular, have shown rapid and consistent growth since the pandemic in 2020. It is predicted that the market will top $100 billion globally in 2023. A survey has found that 85 percent of individuals shop for beauty products in-store and not online.
How big is the serum market?
Frequently Asked Questions – The global skincare serum market was valued at US$ 3.1 Bn in 2021. The global skincare serum market is projected to reach more than US$ 6.28 Bn by 2031. The global skincare serum market is anticipated to grow at a CAGR of 7.4% from 2022 to 2031.
1. Preface 1.1. Market Definition and Scope 1.2. Market Segmentation 1.3. Key Research Objectives 1.4. Research Highlights 2. Assumptions and Research Methodology 3. Executive Summary: Global Skincare Serum Market 4. Market Overview 4.1. Introduction 4.1.1. Definition 4.1.2. Industry Evolution / Developments 4.2. Overview 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.4. Global Skincare Serum Market Analysis and Forecast, 2017–2031 5. Key Insights 5.1. Global Skincare Types Market 5.2. Key Industry Events (mergers, acquisitions, collaborations, approvals, etc.) 5.3. COVID-19 Impact Analysis 6. Global Skincare Serum Market Analysis and Forecast, by Type 6.1. Introduction & Definition 6.2. Key Findings / Developments 6.3. Market Value Forecast, by Type, 2017–2031 6.3.1. Oil Serum 6.3.2. Gel Serum 6.3.3. Emulsion Serum 6.3.4. Others 6.4. Market Attractiveness By Type 7. Global Skincare Serum Market Analysis and Forecast, by Application 7.1. Introduction & Definition 7.2. Key Findings / Developments 7.3. Market Value Forecast, by Application, 2017–2031 7.3.1. Anti-aging Serums 7.3.2. Antioxidant Serums 7.3.3. Skin Whitening Serums 7.3.4. Hydrating Serums 7.3.5. Acne Fighting Serums 7.3.6. Others 7.4. Market Attractiveness Analysis, by Application 8. Global Skincare Serum Market Analysis and Forecast, by Distribution Channel 8.1. Introduction & Definition 8.2. Key Findings / Developments 8.3. Market Value Forecast, by Distribution Channel, 2017–2031 8.3.1. Hospital Pharmacies 8.3.2. Retail Pharmacies 8.3.3. Online Pharmacies 8.4. Market Attractiveness Analysis, by Distribution Channel 9. Global Skincare Serum Market Analysis and Forecast, by Region 9.1. Key Findings 9.2. Market Value Forecast, by Region 9.2.1. North America 9.2.2. Europe 9.2.3. Asia Pacific 9.2.4. Latin America 9.2.5. Middle East & Africa 9.3. Market Attractiveness Analysis, by Region 10. North America Skincare Serum Market Analysis and Forecast 10.1. Introduction 10.1.1. Key Findings 10.2. Market Value Forecast, by Type, 2017–2031 10.2.1. Oil Serum 10.2.2. Gel Serum 10.2.3. Emulsion Serum 10.2.4. Others 10.3. Market Value Forecast, by Application, 2017–2031 10.3.1. Anti-aging Serums 10.3.2. Antioxidant Serums 10.3.3. Skin Whitening Serums 10.3.4. Hydrating Serums 10.3.5. Acne Fighting Serums 10.3.6. Others 10.4. Market Value Forecast, by Distribution Channel, 2017–2031 10.4.1. Hospital Pharmacies 10.4.2. Retail Pharmacies 10.4.3. Online Pharmacies 10.5. Market Value Forecast, by Country, 2017–2031 10.5.1.U.S.10.5.2. Canada 10.6. Market Attractiveness Analysis 10.6.1. By Type 10.6.2. By Application 10.6.3. By Distribution Channel 10.6.4. By Country 11. Europe Skincare Serum Market Analysis and Forecast 11.1. Introduction 11.1.1. Key Findings 11.2. Market Value Forecast, by Type, 2017–2031 11.2.1. Oil Serum 11.2.2. Gel Serum 11.2.3. Emulsion Serum 11.2.4. Others 11.3. Market Value Forecast, by Application, 2017–2031 11.3.1. Anti-aging Serums 11.3.2. Antioxidant Serums 11.3.3. Skin Whitening Serums 11.3.4. Hydrating Serums 11.3.5. Acne Fighting Serums 11.3.6. Others 11.4. Market Value Forecast, by Distribution Channel, 2017–2031 11.4.1. Hospital Pharmacies 11.4.2. Retail Pharmacies 11.4.3. Online Pharmacies 11.5. Market Value Forecast, by Country/Sub-region, 2017–2031 11.5.1. Germany 11.5.2.U.K.11.5.3. France 11.5.4. Italy 11.5.5. Spain 11.5.6. Rest of Europe 11.6. Market Attractiveness Analysis 11.6.1. By Type 11.6.2. By Application 11.6.3. By Distribution Channel 11.6.4. By Country/Sub-region 12. Asia Pacific Skincare Serum Market Analysis and Forecast 12.1. Introduction 12.1.1. Key Findings 12.2. Market Value Forecast, by Type, 2017–2031 12.2.1. Oil Serum 12.2.2. Gel Serum 12.2.3. Emulsion Serum 12.2.4. Others 12.3. Market Value Forecast, by Application, 2017–2031 12.3.1. Anti-aging Serums 12.3.2. Antioxidant Serums 12.3.3. Skin Whitening Serums 12.3.4. Hydrating Serums 12.3.5. Acne Fighting Serums 12.3.6. Others 12.4. Market Value Forecast, by Distribution Channel, 2017–2031 12.4.1. Hospital Pharmacies 12.4.2. Retail Pharmacies 12.4.3. Online Pharmacies 12.5. Market Value Forecast, by Country/Sub-region, 2017–2031 12.5.1. China 12.5.2. Japan 12.5.3. India 12.5.4. Australia & New Zealand 12.5.5. Rest of Asia Pacific 12.6. Market Attractiveness Analysis 12.6.1. By Type 12.6.2. By Application 12.6.3. By Distribution Channel 12.6.4. By Country/Sub-region 13. Latin America Skincare Serum Market Analysis and Forecast 13.1. Introduction 13.1.1. Key Findings 13.2. Market Value Forecast, by Type, 2017–2031 13.2.1. Oil Serum 13.2.2. Gel Serum 13.2.3. Emulsion Serum 13.2.4. Others 13.3. Market Value Forecast, by Application, 2017–2031 13.3.1. Anti-aging Serums 13.3.2. Antioxidant Serums 13.3.3. Skin Whitening Serums 13.3.4. Hydrating Serums 13.3.5. Acne Fighting Serums 13.3.6. Others 13.4. Market Value Forecast, by Distribution Channel, 2017–2031 13.4.1. Hospital Pharmacies 13.4.2. Retail Pharmacies 13.4.3. Online Pharmacies 13.5. Market Value Forecast, by Country/Sub-region, 2017–2031 13.5.1. Brazil 13.5.2. Mexico 13.5.3. Rest of Latin America 13.6. Market Attractiveness Analysis 13.6.1. By Type 13.6.2. By Application 13.6.3. By Distribution Channel 13.6.4. By Country/Sub-region 14. Middle East & Africa Skincare Serum Market Analysis and Forecast 14.1. Introduction 14.1.1. Key Findings 14.2. Market Value Forecast, by Type, 2017–2031 14.2.1. Oil Serum 14.2.2. Gel Serum 14.2.3. Emulsion Serum 14.2.4. Others 14.3. Market Value Forecast, by Application, 2017–2031 14.3.1. Anti-aging Serums 14.3.2. Antioxidant Serums 14.3.3. Skin Whitening Serums 14.3.4. Hydrating Serums 14.3.5. Acne Fighting Serums 14.3.6. Others 14.4. Market Value Forecast, by Distribution Channel, 2017–2031 14.4.1. Hospital Pharmacies 14.4.2. Retail Pharmacies 14.4.3. Online Pharmacies 14.5. Market Value Forecast, by Country/Sub-region, 2017–2031 14.5.1. GCC Countries 14.5.2. South Africa 14.5.3. Rest of Middle East & Africa 14.6. Market Attractiveness Analysis 14.6.1. By Type 14.6.2. By Application 14.6.3. By Distribution Channel 14.6.4. By Country/Sub-region 15. Competition Landscape 15.1. Market Player – Competitive Matrix (by tier and size of companies) 15.2. Market Share Analysis, by Company, 2021 15.3. Company Profiles 15.3.1. Loral Group 15.3.1.1. Company Overview 15.3.1.2. Type Portfolio 15.3.1.3. SWOT Analysis 15.3.1.4. Financial Overview 15.3.1.5. Strategic Overview 15.3.2. Estee Lauder Companies 15.3.2.1. Company Overview 15.3.2.2. Type Portfolio 15.3.2.3. SWOT Analysis 15.3.2.4. Financial Overview 15.3.2.5. Strategic Overview 15.3.3. Amway 15.3.3.1. Company Overview 15.3.3.2. Type Portfolio 15.3.3.3. SWOT Analysis 15.3.3.4. Financial Overview 15.3.3.5. Strategic Overview 15.3.4. Proctor and Gamble (Olay) 15.3.4.1. Company Overview 15.3.4.2. Type Portfolio 15.3.4.3. SWOT Analysis 15.3.4.4. Financial Overview 15.3.4.5. Strategic Overview 15.3.5. Unilever(Paula’s Choice) 15.3.5.1. Company Overview 15.3.5.2. Type Portfolio 15.3.5.3. SWOT Analysis 15.3.5.4. Financial Overview 15.3.5.5. Strategic Overview 15.3.6. Philosophy, Inc.15.3.6.1. Company Overview 15.3.6.2. Type Portfolio 15.3.6.3. SWOT Analysis 15.3.6.4. Financial Overview 15.3.6.5. Strategic Overview 15.3.7. Sanitas Skincare 15.3.7.1. Company Overview 15.3.7.2. Type Portfolio 15.3.7.3. SWOT Analysis 15.3.7.4. Financial Overview 15.3.7.5. Strategic Overview 15.3.8.E.L.F. Cosmetics 15.3.8.1. Company Overview 15.3.8.2. Type Portfolio 15.3.8.3. SWOT Analysis 15.3.8.4. Financial Overview 15.3.8.5. Strategic Overview 15.3.9. Deciem Beauty Group, Inc.15.3.9.1. Company Overview 15.3.9.2. Type Portfolio 15.3.9.3. SWOT Analysis 15.3.9.4. Financial Overview 15.3.9.5. Strategic Overview 15.3.10. Indeed Labs 15.3.10.1. Company Overview 15.3.10.2. Type Portfolio 15.3.10.3. SWOT Analysis 15.3.10.4. Financial Overview 15.3.10.5. Strategic Overview 15.3.11. HONEST BEAUTY 15.3.11.1. Company Overview 15.3.11.2. Type Portfolio 15.3.11.3. SWOT Analysis 15.3.11.4. Financial Overview 15.3.11.5. Strategic Overview 15.3.12. ERNO LASZLO 15.3.12.1. Company Overview 15.3.12.2. Type Portfolio 15.3.12.3. SWOT Analysis 15.3.12.4. Financial Overview 15.3.12.5. Strategic Overview 15.3.13. Tarte Cosmetics 15.3.13.1. Company Overview 15.3.13.2. Type Portfolio 15.3.13.3. SWOT Analysis 15.3.13.4. Financial Overview 15.3.13.5. Strategic Overview 15.3.14. Pixi Beauty 15.3.14.1. Company Overview 15.3.14.2. Type Portfolio 15.3.14.3. SWOT Analysis 15.3.14.4. Financial Overview 15.3.14.5. Strategic Overview 15.3.15. EMK Beverly Hills 15.3.15.1. Company Overview 15.3.15.2. Type Portfolio 15.3.15.3. SWOT Analysis 15.3.15.4. Financial Overview 15.3.15.5. Strategic Overview List of Tables Table 01: Global Skincare Serum Market Size (US$ Mn) Forecast, by Type, 2017–2031 Table 02: Global Skincare Serum Market Size (US$ Mn) Forecast, by Application, 2017–2031 Table 03: Global Skincare Serum Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2031 Table 04: Global Skincare Serum Market Size (US$ Mn) Forecast, by Region, 2017–2031 Table 05: North America Skincare Serum Market Size (US$ Mn) Forecast, by Country, 2017–2031 Table 06: North America Skincare Serum Market Size (US$ Mn) Forecast, by Type, 2017–2031 Table 07: North America Skincare Serum Market Size (US$ Mn) Forecast, by Application, 2017–2031 Table 08: North America Skincare Serum Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2031 Table 09: Europe Skincare Serum Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031 Table 10: Europe Skincare Serum Market Size (US$ Mn) Forecast, by Type, 2017–2031 Table 11: Europe Skincare Serum Market Size (US$ Mn) Forecast, by Application, 2017–2031 Table 12: Europe Skincare Serum Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2031 Table 13: Asia Pacific Skincare Serum Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031 Table 14: Asia Pacific Skincare Serum Market Size (US$ Mn) Forecast, by Type, 2017–2031 Table 15: Asia Pacific Skincare Serum Market Size (US$ Mn) Forecast, by Application, 2017–2031 Table 16: Asia Pacific Skincare Serum Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2031 Table 17: Latin America Skincare Serum Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031 Table 18: Latin America Skincare Serum Market Size (US$ Mn) Forecast, by Type, 2017–2031 Table 19: Latin America Skincare Serum Market Size (US$ Mn) Forecast, by Application, 2017–2031 Table 20: Latin America Skincare Serum Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2031 Table 21: Middle East & Africa Skincare Serum Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2031 Table 22: Middle East & Africa Skincare Serum Market Size (US$ Mn) Forecast, by Type, 2017–2031 Table 23: Middle East & Africa Skincare Serum Market Size (US$ Mn) Forecast, by Application, 2017–2031 Table 24: Middle East & Africa Skincare Serum Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2031 List of Figures Figure 01: Global Skincare Serum Market Size (US$ Mn) and Distribution (%), by Region, 2018 and 2031 Figure 02: Global Skincare Serum Market Revenue (US$ Mn), by Type, 2021 Figure 03: Global Skincare Serum Market Value Share, by Type, 2021 Figure 04: Global Skincare Serum Market Value Share, by Application, 2021 Figure 05: Global Skincare Serum Market Value Share, by Distribution Channel, 2021 Figure 06: Global Skincare Serum Market Value Share, by Region, 2021 Figure 07: Global Skincare Serum Market Value (US$ Mn) Forecast, 2022–2031 Figure 08: Global Skincare Serum Market Value Share Analysis, by Type, 2021 and 2031 Figure 09: Global Skincare Serum Market Attractiveness Analysis, by Type, 2022-2031 Figure 10: Global Skincare Serum Market Value Share Analysis, by Application, 2021 and 2031 Figure 11: Global Skincare Serum Market Attractiveness Analysis, by Application, 2022-2031 Figure 12: Global Skincare Serum Market Value Share Analysis, by Distribution Channel, 2021 and 2031 Figure 13: Global Skincare Serum Market Attractiveness Analysis, by Distribution Channel, 2022-2031 Figure 14: Global Skincare Serum Market Value Share Analysis, by Region, 2021 and 2031 Figure 15: Global Skincare Serum Market Attractiveness Analysis, by Region, 2022-2031 Figure 16: North America Skincare Serum Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031 Figure 17: North America Skincare Serum Market Attractiveness Analysis, by Country, 2017–2031 Figure 18: North America Skincare Serum Market Value Share Analysis, by Country, 2021 and 2031 Figure 19: North America Skincare Serum Market Value Share Analysis, by Type, 2021 and 2031 Figure 20: North America Skincare Serum Market Value Share Analysis, by Application, 2021 and 2031 Figure 21: North America Skincare Serum Market Value Share Analysis, by Distribution Channel, 2021 and 2031 Figure 22: North America Skincare Serum Market Attractiveness Analysis, by Type, 2022–2031 Figure 23: North America Skincare Serum Market Attractiveness Analysis, by Application, 2022–2031 Figure 24: North America Skincare Serum Market Attractiveness Analysis, by Distribution Channel, 2022–2031 Figure 25: Europe Skincare Serum Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031 Figure 26: Europe Skincare Serum Market Attractiveness Analysis, by Country/Sub-region, 2022–2031 Figure 27: Europe Skincare Serum Market Value Share Analysis, by Country/Sub-region, 2021 and 2031 Figure 28: Europe Skincare Serum Market Value Share Analysis, by Type, 2021 and 2031 Figure 29: Europe Skincare Serum Market Value Share Analysis, by Application, 2021 and 2031 Figure 30: Europe Skincare Serum Market Value Share Analysis, by Distribution Channel, 2021 and 2031 Figure 31: Europe Skincare Serum Market Attractiveness Analysis, by Type, 2022–2031 Figure 32: Europe Skincare Serum Market Attractiveness Analysis, by Application, 2022–2031 Figure 33: Europe Skincare Serum Market Attractiveness Analysis, by Distribution Channel, 2022–2031 Figure 34: Asia Pacific Skincare Serum Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031 Figure 35: Asia Pacific Skincare Serum Market Attractiveness Analysis, by Country/Sub-region, 2017–2031 Figure 36: Asia Pacific Skincare Serum Market Value Share Analysis, by Country/Sub-region, 2021 and 2031 Figure 37: Asia Pacific Skincare Serum Market Value Share Analysis, by Type, 2021 and 2031 Figure 38: Asia Pacific Skincare Serum Market Value Share Analysis, by Application, 2021 and 2031 Figure 39: Asia Pacific Skincare Serum Market Value Share Analysis, by Distribution Channel, 2021 and 2031 Figure 40: Asia Pacific Skincare Serum Market Attractiveness Analysis, by Type, 2022–2031 Figure 41: Asia Pacific Skincare Serum Market Attractiveness Analysis, by Application, 2022–2031 Figure 42: Asia Pacific Skincare Serum Market Attractiveness Analysis, by Distribution Channel, 2022–2031 Figure 43: Latin America Skincare Serum Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031 Figure 44: Latin America Skincare Serum Market Attractiveness Analysis, by Country/Sub-region, 2017–2031 Figure 45: Latin America Skincare Serum Market Value Share Analysis, by Country/Sub-region, 2021 and 2031 Figure 46: Latin America Skincare Serum Market Value Share Analysis, by Type, 2021 and 2031 Figure 47: Latin America Skincare Serum Market Value Share Analysis, by Application, 2021 and 2031 Figure 48: Latin America Skincare Serum Market Value Share Analysis, by Distribution Channel, 2021 and 2031 Figure 49: Latin America Skincare Serum Market Attractiveness Analysis, by Type, 2022–2031 Figure 50: Latin America Skincare Serum Market Attractiveness Analysis, by Application, 2022–2031 Figure 51: Latin America Skincare Serum Market Attractiveness Analysis, by Distribution Channel, 2022–2031 Figure 52: Middle East & Africa Skincare Serum Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2017–2031 Figure 53: Middle East & Africa Skincare Serum Market Attractiveness Analysis, by Country/Sub-region, 2017–2031 Figure 54: Middle East & Africa Skincare Serum Market Value Share Analysis, by Country/Sub-region, 2021 and 2031 Figure 55: Middle East & Africa Skincare Serum Market Value Share Analysis, by Type, 2021 and 2031 Figure 56: Middle East & Africa Skincare Serum Market Value Share Analysis, by Application, 2021 and 2031 Figure 57: Middle East & Africa Skincare Serum Market Value Share Analysis, by Distribution Channel, 2021 and 2031 Figure 58: Middle East & Africa Skincare Serum Market Attractiveness Analysis, by Type, 2022–2031 Figure 59: Middle East & Africa Skincare Serum Market Attractiveness Analysis, by Application, 2022–2031 Figure 60: Middle East & Africa Skincare Serum Market Attractiveness Analysis, by Distribution Channel, 2022–2031
Who owns most of the beauty industry?
L’Oréal is the leading beauty products company with over $35 billion in global sales ( Statista ) – L’Oréal remains the top player in the beauty industry, with nearly $11 billion more in sales than second-place Unilever. Rounding out the top 5 are Estée Lauder, P&G, and Shiseido.
| Brand | Beauty Sales |
| L’Oréal | $35.64 billion |
| Unilever | $24.17 billion |
| Estée Lauder | $16.22 billion |
| P&G | $14.42 billion |
| Shiseido | $8.68 billion |
How is cosmetic important?
Emotional benefits – Beyond physical health, cosmetics can help to improve our mood, enhance our appearance and boost our self-esteem. They can also help to exhibit personal style and, as such, are an important means of social expression. In a study by FEBEA, over 60% of respondents claimed that cosmetics have a positive impact on well-being, image, self-confidence and mood, with a large proportion (+40%) also identifying benefits in terms of social life, love life, family life, professional life and health. A study by the Renfrew Centre Foundation found that women wear make-up because they like the way it makes them look (48% of respondents), and because cosmetic use makes them feel good (32%). Indeed, multiple studies have found that wearing cosmetics can improve people’s self-confidence and self-image.
- The Look Good Feel Better (LGFB) charity isdedicated to improving the self-esteem, confidence and well-being of women and teenagers undergoing cancer treatment.
- The charity is supported by over 50 leading companies and brands from the cosmetics industry.
- LGFB helps to improve self-image and appearance through free group and self-help skincare and make-up workshops.
The service is available in 26 countries worldwide and over 1.87 million people have been supported to date. A major research project by LGFB highlighted that 97% of respondents felt more confident after attending a LGFB workshop and that the effects of this are enduring, with 96% of respondents still feeling more confident three months later (out of 2,000 beneficiaries contacted).
Why is cosmetic industry sustainability important?
The Environmental Impact of the Beauty Industry – The beauty business has been growing at an unprecedented rate, thanks to the advent of highly customer-centric brands. But here’s a caveat: innovative product options entail an unseen environmental cost.
- Moreover, an influx of new participants drives these alternatives due to the ease of entering the business market, which is highly driven by technology, social media, digital marketing, and other relevant factors.
- There’s a long list of challenges for brands looking to minimize the environmental effects of their products.
These include wasteful packaging, water wastage, carbon production, microplastic pollution, and animal cruelty. Let’s explore each of these issues.
Packaging waste
Packaging leans more toward commercialism and less about practicality in the beauty industry, Yet, for most beauty companies, packaging seems to be a top priority. The higher the face value of a beauty product is, the more elaborate and superfluous packaging it is likely to have – especially in a time where the unboxing experience is a significant aspect of online shopping.
Water wastage
Water may not be the first component that springs to mind when thinking about beauty care treatments, but it is used in a wide range of cosmetics. From bathing and cleansing products to lotions and creams, water dissolves the ingredients that penetrate the skin,
Carbon production
Cleaning products, printing inks, insecticides, and wood finishes all include volatile organic compounds (VOCs), which are air pollutants. VOCs can also be found in cosmetics such as fragrances, deodorants, and hair sprays. A study shows these products significantly contribute to carbon dioxide emissions.
Microplastic pollution
It is not only cosmetic packaging where plastic pollution comes from. Microbeads, a type of plastic, are found in the merchandise themselves. These microbeads are small-sized plastic particles that are commonly used as exfoliants in body scrubs and other beauty products.
Animal cruelty
Animal testing for cosmetics is inhumane and uncalled for and is a part of why vegan beauty products have become more popular over the years. Some tests animals are subjected to include skin and eye irritation experiments, in which animals’ eyes and shaved skin are subjected to the chemicals. Photo by William Shu on Unsplash