The global beauty and personal care products market size is forecasted to reach USD 716.6 billion by 2025, according to this new report by Grand View Research, registering a CAGR of 5.9% during the forecast period.
A few of the key growth drivers are:
- Growing preference for natural and organic personal care products
- Increasing adoption of Augmented Reality in the beauty industry
- Growing demand for anti-aging products
- Increasing popularity of men's grooming products
The Asia Pacific market accounted for the largest share of the market in 2017. It is expected to witness a significant gain in revenue share over the forecast period on account of its large population and the popularity of the e - commerce distribution channel across various industries in this region.
The key players in this market include Avon Products, Inc.; Beiersdorf AG; Coty Inc.; Kao Corporation; L'occitane International S.A.; L'Oréal Group; Procter & Gamble; Mary Kay Inc.; Shiseido Company, Limited; Unilever Revlon, Inc.; and The Estée Lauder Companies Inc.