Global Beauty Tools Market

Beauty Tools Market Size, Share, Growth Analysis, By Type(Conventional, Organic), By Product(Skin Care, Hair Care, Color Cosmetics, Fragrances), By Distribution channel(Hypermarkets & Supermarkets, Specialty Stores, E-commerce, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30L2252 | Region: Global | Published Date: May, 2024
Pages: 198 | Tables: 92 | Figures: 68

Beauty Tools Market Competitive Landscape

Procter & Gamble, Unilever, L'Oréal SA, Colgate-Palmolive Company, and Estee Lauder Inc. are just a few of the major domestic and international companies that dominate the highly competitive worldwide beauty and personal care sector. Increased adherence to skincare regimens and customer awareness of brand expertise are the primary drivers of demand. The businesses enhanced the product's quality and inventiveness in terms of its packaging, functionality, and ingredients. In order to accomplish consolidation and maximize offerings, the major firms are pursuing mergers, acquisitions, and product innovation as their primary tactics. To achieve domination in the local market, these players also merge with local players.

Top Player’s Company Profile

  • The Estee Lauder Companies Inc.
  • The Procter & Gamble Company
  • Unilever PLC Beiersdorf AG Shiseido Company
  • Limited Coty Inc.
  • Natura & Co Holding S.A.
  • Hindustan Unilever Limited
  • AmorePacific Corporation
  • Louis Vuitton S.A.
  • Kao Corporation  
  • Shiseido Co. Ltd. 

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FAQs

Global Beauty Tools Market size was valued at USD 4.11 Billion in 2022 and is poised to grow from USD 7.10 Billion in 2023 to USD 7.49 Billion by 2031, at a CAGR of 6.9% during the forecast period (2024-2031).

Procter & Gamble, Unilever, L'Oréal SA, Colgate-Palmolive Company, and Estee Lauder Inc. are just a few of the major domestic and international companies that dominate the highly competitive worldwide beauty and personal care sector. Increased adherence to skincare regimens and customer awareness of brand expertise are the primary drivers of demand. The businesses enhanced the product's quality and inventiveness in terms of its packaging, functionality, and ingredients. In order to accomplish consolidation and maximize offerings, the major firms are pursuing mergers, acquisitions, and product innovation as their primary tactics. To achieve domination in the local market, these players also merge with local players. 'L'Oreal S.A.', 'The Estee Lauder Companies Inc.', 'The Procter & Gamble Company', 'Unilever PLC Beiersdorf AG Shiseido Company', 'Limited Coty Inc.', 'Natura & Co Holding S.A.', 'Hindustan Unilever Limited', 'AmorePacific Corporation', 'Louis Vuitton S.A.', 'Johnson & Johnson', 'Kao Corporation  ', 'Shiseido Co. Ltd. '

A major factor in the growth in demand for beauty tools during the predicted period has been technological advancement and the simple availability of these equipment, particularly on online platforms. Also, the product market is predicted to increase rapidly due to the employment of catchy language in endorsements, offers, and discounts on important occasions. These strategies are drawing in customers.

Organic Formulations Source/ Inclination toward Natural: The market for natural and organic skincare products was stimulated by growing worries about the adverse consequences of chemicals in personal care products, which include allergies, dullness, and skin irritation. Long-term usage of synthetic cosmetics can lead to toxicity, hormone imbalances, and inflammation, among other health problems. Organic cosmetics, on the other hand, do not damage skin because they contain natural oils and plant extracts. Customers choose natural skincare and cosmetic products that are clear about their contents and free of chemicals. Due to this issue, customers started to favor organic skincare products over synthetic ones.

At 39.2% of global sales in 2022, North America maintained its lead position and is predicted to increase at the quickest rate during the projection period. This can be attributed to the growing number of working women in nations like China and India, as well as their increased ability and interest in purchasing cosmetics and personal hygiene items. Also, during the course of the projection years, the growing young population in these nations with internet connection is anticipated to present a plethora of prospects for the expansion of the regional market.

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Global Beauty Tools Market

Report ID: SQMIG30L2252

$5,300
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