Report ID: SQMIG30L2220
Report ID:
SQMIG30L2220 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
94 |
Figures:
78
Based on the geography, the global cosmetics market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these regions, the North American region accounts for the majority of the market share. The region is one of the most well-known hubs for high-profile cosmetics brands. In comparison to the rest of the world, North American countries, among other things, have a high use of various cosmetics items. Europe accounted for a considerable proportion of the cosmetics market due to the introduction of a wide range of products and rapid technological advancement. The United States is the second-largest market in the region, owing to the presence of a large number of dominating companies. Various factors such as the rising usage of anti-aging cosmetics and the rising demand for luxury and clean-label products in Europe have fueled the rise of the cosmetics business in the region. Germany has seen considerable growth in cosmetics as people become more interested in organic products.
Further, the Asia-Pacific is expected to significantly contribute to the market growth, owing to its diversity and dynamic market range, as well as high demand for a wide range of products. Furthermore, cosmetics are in high demand due to a large number of clients and important market participants in countries such as China, India, Japan, and South Korea. China held the greatest share of the cosmetics sector due to increased demand for skincare products such as face masks and anti-wrinkle creams. Hence, such factors contribute to the regional growth of the market.
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Report ID: SQMIG30L2220