The global cosmetics market size was valued at USD 374.18 billion in 2023 and is expected to be worth USD 393.75 billion in 2024. The market is projected to be valued at USD 758.05 billion by 2032, recording a CAGR of 9.8% during the forecast period.

The global cosmetics market share is expected to grow substantially in the coming years as an increasing percentage of the global population is becoming conscious of their physical appearance. These beauty and personal care products can enhance a person’s overall appearance and offer a variety of haircare, skincare, and lip care products. Additionally, the growing demand for anti-aging products among the elderly population will contribute to high product sales.

Fortune Business Insights™ presents this information in a report titled, "Global Cosmetics Market, 2024-2032."

Top Company in the Cosmetics Market:

• L’Oréal S.A. (France)
• Unilever plc. (U.K.)
• Procter & Gamble Co. (U.S.)
• The Estée Lauder Companies Inc. (U.S.)
• Beiersdorf AG (Germany)
• Shiseido Co., Ltd. (Japan)
• Coty Inc. (U.S.)
• Natura & Co. (Brazil)
• Kao Corporation (Japan)
• Johnson & Johnson Services, Inc. (U.S.)

Read More: https://www.fortunebusinessinsights.com/cosmetics-market-102614

Report Coverage:

The report provides a detailed industry analysis and highlights key aspects such as leading product categories, companies, and distribution channels. The report also offers valuable insights into the latest market trends and covers vital industry developments. In addition to the abovementioned factors, the report encompasses several factors that have contributed to the market’s growth in recent years.

Segments:

Growing Awareness about Skincare Routines will Improve Sales of Skincare Products

The market is categorized into skincare, hair care, makeup, and others. The skincare segment is expected to dominate the market during the forecast period, as an increasing number of people worldwide incorporate skincare products into their daily routines more frequently than hair care products.