Cosmetics Market to Record CAGR of 6.64% Over 2025-2032; Increasing Consumer Interest in Organic Products to Drive Market Growth

The global cosmetics market size was valued at USD 335.94 billion in 2024 and is expected to be worth USD 354.68 billion in 2025. The market is projected to reach USD 556.21 billion by 2032, recording a CAGR of 6.64% during the forecast period.

Fortune Business Insights™ presents this information in its latest report titled “Cosmetics Market Size, Share & Industry Analysis, By Category (Haircare, Skincare, Makeup, and Others), By Gender (Men and Women), By Distribution Channel (Specialty Stores, Hypermarket/Supermarket, Online Channels, and Others), and Regional Forecast, 2025-2032”.

Cosmetics encompasses different products, such as skincare, haircare, and makeup products, utilized for skin cleansing and beautification purposes. The increasing consciousness of individuals about physical appearance and well-being is driving the growth of the market.

The COVID-19 pandemic adversely affected the cosmetics market in 2020, leading to travel restrictions and lockdowns worldwide. This situation caused many retail stores, supermarkets, hypermarkets, and beauty salons to close. The pandemic resulted in disruptions to production and supply chains, causing delays due to a lack of raw materials, factory closures, and transportation issues. In developing nations, the cost of ingredients for exports rose due to extended shipping delays and increased freight charges.

Galderma Announced Launch of its Latest Innovations In Its Cetaphil Range Of Skincare Products

Galderma announced the launcah of its innovations in its Cetaphil range of skincare products, such as Vitamin C Serum and Ceramide Serum. This new range is expected to reduce dark spots and aid in skin-barrier repair.

Increasing Consumer Interest in Organic Products to Drive Market Growth

The increasing consumer interest in organic products has driven cosmetic product manufacturers to intensify their research & development efforts, aiming to incorporate organic and natural ingredients into their formulations. There is a significant increase in demand for sustainable beauty products made from eco-friendly materials among environmentally conscious consumers. For instance, according to the Soil Association, retail sales of organic health and beauty products in the U.K. surged from USD 38.90 million in 2012 to USD 182.94 million in 2022. Moreover, consumer preferences are increasingly shifting toward vegan products that do not include any animal-derived ingredients.

However, increasing consciousness about the adverse health effects and toxicity of ingredients is expected to restrict the cosmetics market growth.

Leading Players to Focus on Expansion of Retail Stores to Enhance Their Brand Presence

The global cosmetics market is characterized by intense competition. International market leaders are leveraging their strong brand loyalty and presence to gain a competitive advantage. Numerous major players in the market are focusing on expanding retail stores to enhance their brand presence.

Notable Industry Development:

• August 2024: Kay Beauty, a beauty brand based in India, announced the launch of its new range of lipsticks named Kay Beauty Hydra Crème Lipstick. These new 16 shades are infused with hyaluronic acid and lychee extracts.

To get a detailed report summary and research scope of this market, click here:

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

List of the Companies Profiled in the Report:

• Beiersdorf AG (Germany)


• COTY INC. (U.S.)


• Johnson & Johnson Services, Inc. (U.S.)


• Kao Corporation (Japan)


• L'Oréal S.A. (France)


• Natura & Co. (Brazil)


• Procter & Gamble Company (U.S.)


• Shiseido (Japan)


• The Estée Lauder Companies Inc. (U.S.)


• Unilever plc (U.K.)

Further Report Findings

• Asia Pacific region held the largest cosmetics market share in 2024, driven by considerable economic growth in recent years. This development has resulted in a rise in affluent consumers who have the financial means to indulge in luxury and premium cosmetic products.


• Europe is projected to witness significant growth in the coming years. The rapid growth in the fashion sector of the region is driven by the strong presence of fashion-forward cities, rising disposable incomes, demand for luxury, organization of numerous fashion events, and the presence of various salons and prestigious fashion schools.


• Based on gender, the women segment led the global market for cosmetics in 2024 owing to increasing beauty awareness, combined with rising awareness regarding self-care & personal hygiene.

Table of Segmentation