Global Personal Care Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global personal care market is anticipated to grow at a CAGR of 5.3% during the forecast period (2022- 2028). The personal care industry produces consumer products that are used for beautification and personal hygiene. Some of the products that come under personal care include wet wipes, toothpaste, toilet paper, talcum powder, moisturizer, shaving cream, razors, perfumes, pomade, nail files, and makeup, lotion, lipstick, and lip gloss, among others. The increase in the awareness regarding personal care products and the rise in disposable income of the people are some driving factors for the growth of the global personal care market. Additionally, people nowadays are concerned about their care owing to the improving quality of life and the positive effects of using these types of products.

An increase in social interaction with other people has influenced people to shift towards premium and luxury cosmetic brands which are some other factors accelerating the growth of the market. Additionally, with the growing demand for organic ingredients, consumers across the globe are changing their preference towards organic personal care products, and a rise in awareness of the harmful effects of chemical products can boost the growth of the market in the near future. However, management of logistics related to personal care products requires a lot of expertise in several areas such as properly handling a large proportion of products, storing them at the right temperature, and delivery of these products are some factors which is expected to restrain the growth of the market.

Some major players in the market include Procter & Gamble Co., Unilever plc, and L’Oréal SA, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in July 2019, Procter & Gamble Co. launched a new line of hair care products under the brand ‘My Black Beautiful’ in Europe. The products included its hydrating sulfate-free shampoo, fortifying conditioner, and Tangle Slayer conditioning creams. Additionally, in April 2019, Unilever acquired the Fluocaril and Parogencyl oral care brands from Procter & Gamble. Fluocaril and Parogencyl are well-known therapeutics brands sold in pharmacies, primarily in France and Spain.

Market Coverage                                                                                                 

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Procter & Gamble Co., Unilever plc, and L’Oréal SA, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Personal Care Market Report by Segment

By Product Type

• Personal Care Products
• Cosmetics/Make-up Products

 By Distribution Channel

• Specialist Retail Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Pharmacies Stores
• Online Retail Channels