Global Cosmetics, Perfume and Toiletries Market to 2023 – Featuring L’oreal, Unilever, Gilette, P&G, Avon, Shiseido, J&J, and more – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The “Global Cosmetics, Perfumes and Toiletries Market (2018-2023)” report was added to ResearchAndMarkets.com offer.

The global cosmetics, perfumes and toiletries market is expected to reach a value of $ 342.96 billion by 2023, with a CAGR of 4.53% in 2018-2023.

One of the main reasons for the expansion of this market is the increasing aging of the population due to the declining death rates in the global economy. This has resulted in a significant increase in the demand for anti-aging products to prevent wrinkles, dry skin, dark spots, and other age-related skin care issues. In a nutshell, the desire to maintain a youthful appearance gives a boost to the market.

The population of people over 60 is growing and is expected to reach 2.10 billion by 2050. The life expectancy of women and men is expected to increase, leading to increased demand for cosmetics and toiletries.

There has been a dramatic shift in preference from chemical cosmetics to natural products, thus creating space for research and development in the cosmetics and toiletries market. Since organic products provide better health benefits, this justifies why their demand is on the rise. In addition, the increase in the use of personal care products by men is driving increased demand in this market.

The cosmetics, perfumes and toiletries market faces fierce competition when it comes to establishing itself in the market. Therefore, consumers are spoiled by the countless choices available in the market due to the highly competitive nature of the market.

In addition, there is a lack of information on the major players in the market, leading consumers to buy counterfeit products on alternative media such as third-party websites. This leads to a negative impression on the original products.

Featured Companies

  • L’Oréal

  • Unilever SA

  • Gillette

  • The Procter & Gamble company

  • Beiersdorf

  • Shiseido

  • Avon Products Inc.

  • Kao Corp

  • Johnson & johnson

  • Kimberly & Clark Corporation

For more information on this report, visit https://www.researchandmarkets.com/research/jk4c87/global_cosmetics?w=4


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