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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:
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:
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 6.64% from 2025 to 2032 |
Unit | Value (USD billion) |
Segmentation | By Category
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By Gender
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By Distribution Channel
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By Region
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