PUBLISHER: TechSci Research | PRODUCT CODE: 1691752
PUBLISHER: TechSci Research | PRODUCT CODE: 1691752
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Global beauty and personal care market was valued at USD 526.36 Billion in 2024 and is expected to reach USD 697.35 Billion by 2030 with a CAGR of 4.8% during the forecast period. The global beauty and personal care market is witnessing robust growth, driven by increasing consumer awareness, rising disposable income, evolving beauty standards, and advancements in product formulations. The market is segmented into Personal Care and Beauty Care, with personal care including skin care and hair care products, while beauty care comprises makeup and color cosmetics, beauty tools and accessories, and nail care. The surge in demand for organic, natural, and sustainable beauty products, coupled with the growing preference for personalized and dermatologically tested formulations, is reshaping industry dynamics. Technological advancements, such as AI-driven skincare analysis and smart beauty devices, are further fueling market expansion. The distribution landscape is diverse, spanning departmental stores/grocery retail, specialty stores, e-commerce, pharmacies, and institutional/expert stores and salons, with e-commerce emerging as a dominant channel due to its convenience, wide product availability, and competitive pricing.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 526.36 Billion |
Market Size 2030 | USD 697.35 Billion |
CAGR 2025-2030 | 4.8% |
Fastest Growing Segment | Skin Care |
Largest Market | Asia Pacific |
Market Drivers
Rising Consumer Awareness and Preference for Natural and Organic Products
One of the most significant drivers of the beauty and personal care market is the increasing consumer demand for natural, organic, and sustainable products. As awareness of harmful chemicals, synthetic ingredients, and environmental impact grows, consumers are shifting towards products formulated with clean, cruelty-free, and plant-based ingredients. This trend is further amplified by the rise of vegan and cruelty-free certifications, with brands emphasizing transparency, ethical sourcing, and sustainability in their offerings. Additionally, the global wellness movement has led to an increased focus on self-care and holistic beauty, where consumers are looking for products that promote skin health and long-term benefits rather than just cosmetic appeal. Dermatologically tested, hypoallergenic, and dermatologist-recommended brands are gaining traction, as consumers seek products that are both effective and safe for long-term use. Brands are also focusing on environmentally friendly packaging, refillable beauty products, and reduced plastic waste, aligning with the rising eco-consciousness among consumers.
Key Market Challenges
Regulatory Complexities and Compliance Issues
One of the biggest challenges in the beauty and personal care industry is navigating the complex and evolving regulatory landscape. Different countries and regions have varying regulations regarding product ingredients, safety standards, labeling requirements, and environmental policies. For example, the European Union (EU) has strict bans on certain chemicals, requiring brands to reformulate products to meet compliance standards, whereas the U.S. Food and Drug Administration (FDA) has less stringent rules compared to the EU. Additionally, China's evolving stance on animal testing has posed challenges for brands aiming to enter or expand within the Chinese market. Compliance with clean beauty standards, sustainability regulations, and cruelty-free certifications also adds layers of complexity, as brands must adapt their formulations and packaging to meet eco-friendly, organic, and vegan beauty claims. Moreover, data privacy regulations such as GDPR (General Data Protection Regulation) affect how beauty brands collect and use consumer data for personalized marketing, making digital compliance another critical hurdle. Non-compliance can result in legal issues, product recalls, or bans, significantly affecting a brand's reputation and market presence.
Key Market Trends
Rise of Skinimalism: Simplified Skincare Routines and Multi-Functional Products
One of the most prominent trends is skinimalism, where consumers are moving away from complex, multi-step skincare routines in favor of simplified, high-performance products. This minimalist approach focuses on quality over quantity, with an emphasis on multi-functional, dermatologist-approved formulations that address multiple skincare concerns in a single product. The rise of science-backed skincare has increased demand for targeted treatments with active ingredients such as niacinamide, retinol, and ceramides. Additionally, hybrid beauty products like moisturizers with SPF, tinted serums, and skincare-infused makeup are gaining popularity as they allow consumers to streamline their beauty routines without compromising effectiveness. Brands such as The Ordinary, Ilia Beauty, and Supergoop! are leading this trend by offering potent, multi-functional solutions that cater to the growing demand for minimalistic yet effective skincare.
L'Oreal S.A.
Unilever PLC
The Estee Lauder Companies Inc.
The Procter & Gamble Company
Shiseido Company, Limited
Kao Corporation
Beiersdorf AG
Coty Inc.
Avon Products, Inc.
L'Occitane International S.A.
In this report, the global beauty and personal care market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the global beauty and personal care market.
Global Beauty and Personal Care market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).