Personal Care Product(s) means fragrances, skincare products, bath products, body care products, and cosmetics.
The Beauty and Personal Care Products Market is segmented by Product Type (Personal Care Products and Cosmetics/Make-up Products), Distribution Channel (Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, and Other Distribution Channel), Category (Mass Products and Premium Products), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).
In 2020, the market for beauty and personal care products was valued at USD 434.85 billion, and it is expected to grow at a CAGR of 4.35 percent between 2021 and 2026.
During the COVID-19 crisis, supply chains were severely interrupted, particularly for cosmetics, when countries blocked their borders or erected trade barriers. As a result, producers and exporters faced intense rivalry in the export market. In addition, supermarket and convenience store on-premises sales decreased as a result of the ensuing lockdowns and closures of retail outlets, as individuals engaged in social isolation and avoided gatherings and outings. However, the market penetration was substantially assisted by online retail sales.
The increasing quality of life, the favorable impacts of beauty and personal care on self-esteem and social connection, and the progressive consumer movement toward premium and luxury cosmetic brands are expected to drive market expansion throughout the forecast period.
The global oral care products market is driven by the growth in dental disorders among children and adults because of bad eating habits, as well as the popularity of herbal oral care products. In addition, increased premiumization and consumer demand for more personalized solutions are driving market expansion. The increase in oral health awareness prompted the introduction of oral hygiene product categories, such as teeth-whitening products, by vendors.
As the demand for organic ingredients rises, customers throughout the globe are gravitating toward organic personal care products, which is likely to drive market expansion during the study period. In addition, the growing awareness of the detrimental consequences of chemicals and synthetic items is another factor contributing to the market's expansion. Most consumers choose to purchase products with natural or organic labels, which is fueling industry expansion.
Globally, the key market trends impeding the oral health of the population.
Oral health has become one of the most significant public health issues in practically every corner of the world due to fast changing lifestyles and inappropriate diets, particularly sugar-rich diets and rising alcohol and tobacco intake. Oral diseases, according to the World Health Organization, are a major problem in many nations and impact people throughout their lives, causing pain, discomfort, disfigurement, and even death. The Global Burden of Disease Study 2017 reported that over 3.5 billion individuals worldwide suffer from oral disorders, with caries of permanent teeth being the most prevalent condition. In addition, as spending on oral healthcare increased, consumers around the globe began taking preventative steps, which raised the need for effective dental care products. According to the National Institutes of Health of the US National Library of Medicine, dental care expenditures climbed from around USD 2 billion in 1960 to USD 117.5 billion in 2015. As a result, consumers over the globe spend a great deal of attention to maintaining their dental health, resulting in an increase in the demand for oral care products globally. From the perspective of the customer, the perceived performance, brand recognition, product qualities, the legitimacy of the organization, and the availability of product information all play a role in the selection process.
At ZENITH we translate science and technology into internal innovation and external collaborations with the goal to have the power to change lives. Now more than ever, we’re keeping research and development at the forefront of it all so that we are up to date when it comes to innovative medical healthcare. We use the power of leading-edge science to save and improve lives around the world.
We have following expertise that enhance our product portfolio.