global beauty and personal care market forecast 2026

GLOBAL BEAUTY AND PERSONAL CARE MARKET

FORECAST & OPPORTUNITIES

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

2016 – 2026

2

Scope of ReportProduct of Interest (POI): Beauty and Personal Care

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

Beauty and personal care is an art field that addresses the looks andhealth of someone's hair, nails, and skin. This field of beauty andpersonal care encompasses a wide range of careers such as stylists,barbers, manicurists, pedicurists, makeup artists, and education.

Market Segmentation

PRODUCT TYPE

• Personal Care

• Beauty Care

REGION

• Europe

• North America

• South America

• Middle East & Africa

• Asia Pacific

DISTRIBUTION CHANNEL

• Departmental Stores/Grocery Retails

• Specialty Store

• E-Commerce

• Pharmacies

• Others

3

Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Challenges Faced Post Purchasing

4.3. Factors Influencing Purchase Decisions

5. Global Beauty and Personal Care market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1.By Product Type (Personal Care (Skin Care, Hair Care), Beauty Care (Makeup and

Color Cosmetics, Beauty Tools and Accessories, Nail Care & Others)

5.2.2.By Distribution Channel (Departmental Stores/Grocery Retails, Pharmacies, E-

Commerce, Specialty Stores & Others (Institutional Stores, Experts Store, Salon)

5.2.5. By Company (2020)

5.2.6. By Region

5.3. Market Map

6. Asia-Pacific Beauty and Personal Care market Outlook


6.1.1. By Value


4


6.2.1. By Product Type

6.2.2. By Distribution Channel

6.2.3. By Country

6.3. Asia Pacific: Country Analysis

6.3.1. China Beauty and Personal Care market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Distribution Channel

6.3.2. India Beauty and Personal Care market Outlook


6.3.2.1.1. By Value




6.3.3. Japan Beauty and Personal Care market Outlook


6.3.3.1.1. By Value



Table of Contents

5



6.3.4. South Korea Beauty and Personal Care market Outlook


6.3.4.1.1. By Value




6.3.5. Australia Beauty and Personal Care market Outlook


6.3.5.1.1. By Value




7. Europe Beauty and Personal Care market Outlook


7.1.1. By Value



7.2.2 By Distribution Channel

7.2.3. By Country

Table of Contents

6


7.3. Europe: Country Analysis

7.3.1. France Beauty and Personal Care market Outlook


7.3.1.1.1. By Value




Table of Contents

7.3.2. Germany Beauty and Personal Care market Outlook


7.3.2.1.1. By Value




7.3.3. United Kingdom Beauty and Personal Care market Outlook


7.3.3.1.1. By Value



7.3.3.2.2. By Distribution Channel7.3.4. Italy Beauty and Personal Care market Outlook


7.3.4.1.1. By Value


7




7.3.5. Spain Beauty and Personal Care market Outlook


7.3.5.1.1. By Value




Table of Contents

8. North America Beauty and Personal Care market Outlook


8.1.1. By Value




8.2.3. By Country

8.3. North America: Country Analysis

8.3.1. United States Beauty and Personal Care market Outlook


8.3.1.1.1. By Value




8


8.3.2. Mexico Beauty and Personal Care market Outlook


8.3.2.1.1. By Value




8.3.3. Canada Beauty and Personal Care market Outlook


8.3.3.1.1. By Value




9. South America Beauty and Personal Care market Outlook


9.1.1. By Value




9.2.3. By Company

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Beauty and Personal Care market Outlook


Table of Contents

9


9.3.1.1.1. By Value




9.4.2. Argentina Beauty and Personal Care market Outlook


9.4.2.1.1. By Value




9.4.3. Colombia Beauty and Personal Care market Outlook


9.4.3.1.1. By Value




10. Middle East and Africa Beauty and Personal Care market Outlook


10.1.1. By Value




Table of Contents

10


10.2.3. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Beauty and Personal Care market Outlook

10.3.1.1.Market Size & Forecast

10.3.1.1.1. By Value

10.3.2.2.Market Share & Forecast



10.3.2. Saudi Arabia Beauty and Personal Care market Outlook


10.3.2.1.1. By Value




10.3.3. UAE Beauty and Personal Care market Outlook


10.3.3.1.1. By Value




Table of Contents

11


10.3.4. Iran Beauty and Personal Care Market Outlook

10.3.4.1. Market Size and Forecast

10.3.4.1.1. By Value




11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Impact of COVID-19 on Global Beauty and Personal Care Market

14. Competitive Landscape

14.1. Company details

14.2. Financials (As Reported)

14.3. Product & Services

14.4. Key market focus and geographical presence

14.5. Expansion Strategies

14.6. Key Management Personnel

Table of Contents

12


15. Strategic Recommendations

16. About us & Disclaimer

Table of Contents

RESEARCH METHODOLOGY

14

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global beauty and personal care market,

overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global beauty and personal care market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

15


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global beauty and personal care market. The team

has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing uses of beauty

and personal care products. The study includes market forecasting, which would enable our clients to take better decisions while planning their

strategy to achieve sustainability in the global beauty and personal care market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as beauty and personal care

manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 beauty and personal care products manufacturers, 100 – 120 end users, and 15 – 20 industry

experts and other value chain stakeholders in the global beauty and personal care market to obtain the overall market size from 2016 to

2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive

at the market size data during 2016-2020.

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• Respondents were asked about the current and future market growth rates, market shares by product type, by distribution channel, by

company and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various type

were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by product type, by distribution channel, by company and by each region were calculated based on the responses received

through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from

various types of beauty and personal care products. The final shares were calculated by taking the geometric mean of the responses

gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global

beauty and personal care market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

17


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ L'Oréal S.A.

▪ Unilever Plc

▪ The Estée Lauder Companies Inc.

▪ The Procter and Gamble Corporation

▪ Shiseido Company Limited

▪ Kao Corporation

▪ Beiersdorf AG

▪ Coty Inc.

▪ Avon Products

▪ Groupe L'Occitane

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

18

Industry Brief

According to TechSci Research report, “Global Beauty and Personal Care Market By Product Type (Personal Care (Skin Care, Hair Care), Beauty Care(Makeup

and Color Cosmetics, Beauty Tools and Accessories, Nail Care & Others)), By Distribution Channel (Departmental Stores/Grocery Retails, Specialty Store, E-

Commerce, Pharmacies & Others (Institutional Stores, Experts Store, Salon)), By Region, Competition, Forecast and Opportunities, 2026”, the global beauty

and personal care market has been valued at USD422.72 billion in 2020 and is forecast to reach USD558.12 billion by 2026F with the CAGR of 4.82%. The

use of beauty and personal care products has witnessed a considerable increase, worldwide, due to various social, economic, and cultural changes across the

globe. Growth in the market can be attributed to increasing disposable income, rising awareness related to hygiene, personal health, skin care, growing working

females, and changing lifestyles of consumers. Social media is also considered one of the major driving factors of beauty and personal care market as many

people have started their own youtube channels and instagram accounts to spread awareness among people related to beauty and personal care products.

Social media has not only given broader market reach to brands but has also reinvented them. In beauty and personal care market, women are more likely to

explore new products. They enjoy buying new products and new brands. Major beauty companies are acquiring smaller companies at very high values, which

draws more founders and creativity every day. The major reason behind acquisitions is big beauty brands are threatened by the young, independent brands that

consumers want now. Using data and customer input to create products for consumers, i.e., customization and personalization is the new trend in beauty and

personal care market to retain the customer.

The global beauty and personal care market is segmented based on product type, distribution channel, company, and region. In terms of product type, the

market can be segregated into personal care and beauty care. Out of these, personal care registered a market share of around 55% in 2020. Personal care

products include skin care and hair care where skin care is dominating the market due to growing desire for self-care products. Beauty care products include

makeup and color cosmetics, beauty tools and accessories, nail care others where makeup and color cosmetics hold 60% of market share because consumer

use these to reduce age related imperfection.

In terms of distribution channel, the market is segmented into departmental stores/ grocery retails, pharmacies, e-commerce, specialty stores and others.

Departmental stores are dominating the global beauty and personal care market. It is also witnessed that countries like India, China, UAE, Saudi Arabia, and

South Africa have the highest demand for departmental stores/ grocery retails and pharmacies whereas e-commerce is the emerging trends in global beauty

and personal care market. COVID-19 has changed the consumer buying pattern, as consumers have now shifted towards online channels for buying beauty and

personal care products due to the closure of retails shops and companies taking safety measures while delivering products to consumers at home. Prompt and

easy access to several online shopping sites through smartphones and the presence of popular beauty and personal care brands is boosting the target market

growth globally. Secured online payments, easy navigation, customer support, user-friendly website designs, and easy return policy are some of the key factors

of sales of beauty and personal care product through e-commerce. It is also found that there is a slight increase in the sales of beauty and personal products via

salon and experts stores.

In terms of regional analysis, the market is segmented into Asia-Pacific, Europe, North America, South America, and Middle East and Africa. Asia-Pacific is

dominating the global beauty and personal care market followed by North America due to rising disposable income, increasing urbanization, growing female

workforce, rising concern over self-care and well-being. The rural lifestyle and habits have started mirroring urban aspirations and lifestyle.

L'Oréal S.A., Unilever plc, The Estée Lauder Companies Inc., The Procter and Gamble Corporation, Shiseido Company Limited, Kao Corporation, Beiersdorf

AG, Coty Inc., Avon Products, Groupe L'Occitane are the major leading players in the global beauty and personal care market.

“Companies are constantly investing in terms of product innovation and brand development and are looking for personalized service. Like, L’Oréal introduced a

prototype of the latest innovation from the L’Oréal Technology Incubator at the 2019 Consumer Electronics Show. My Skin Track pH by La Roche-Posav is the

first wearable sensor and companion app to easily measure personal skin pH levels and create customized product regimens to better care for skin.”, said Mr.

Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

19

Sample Data - Snapshot

5.006.00

7.008.00

9.0010.00

11.0012.00

13.0014.00

15.00

2016 2020 2021E 2026F

By Value (USD Million)

Global Beauty and Personal Care Market Size, By Value (USD Million), 2016–2026F

CAGR By Value

XX%CAGR By Value

YY%

40%40%40%40%40%40%40%40%40%40%40%

60%60%60%60%60%60%60%60%60%60%60%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Personal Care Beauty Care

Asia-Pacific Beauty and Personal Care Market Share, By Product Type, By Value, 2016–2026F

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

20%20%20%20%20%20%20%20%20%20%20%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Departmental Stores/Grocery Retails Pharmacies E-Commerce Specialty Stores Others

India Beauty and Personal Care Market Share, By Distribution Channel, By Value, 2016–2026F

20

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FORECAST & OPPORTUNITIES2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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