The Beauty Market Trends in Cosmetics


The cosmetic companies are manufacturing personal care products using natural, herbal and chemical materials purchased from suppliers. These raw materials are tested in plants and laboratories to develop formulas for substances that enhance personal beauty. These formulas, generally patented, are used in the mass production of cosmetics products. The cosmetic industry is regulated by the Food and Drug Administration.

The cosmetology industry is highly segmented and is flourishing with new statures. Even a small turn cosmetic business can be started with proper plans of action, working area and good staff. Many start-up companies have built in the small era of time. Young dermatologists are choosing cosmetology specialty as a profession. A wide range of beauty salons and spas are opening with latest instruments and therapies. Cosmetic products market is in a huge urge of growing since the demand is being increased day by day. This widely segmented market can be expanded to various outputs. Skin care is a close second and growing fast, expected to have revenue of almost $11 billion by 2018. This growth is being driven in part by a generally increasing awareness of the importance of skin care, but also specifically due to an increase in the market for men.

The United States is the largest cosmetics market in the world, and its total revenue is expected to exceed 62 billion in 2016. However, the global market is still growing, with opportunities in emerging markets throughout Asia, Latin America, and Eastern Europe. The beauty and cosmetics industry can be broken down into smaller segments including make-up, skin care and lotions, hair products, and fragrances and perfumes. Together, these segments form an industry that continues to grow year after year.

Make-Up
The make-up market consists of eye make-up, face make-up, lipsticks and glosses, and nail polishes. According to a Market Line report, the U.S. make-up market had total revenues of approximately $7 billion in 2013, with a compound annual growth rate (CAGR) of 3.7 percent between 2009 and 2013. The market is expected to maintain this growth pattern, with an anticipated CAGR of 3.8 percent for the five-year period of 2013-2018, which will bring the market to a value of $8.4 billion.

Skin Care and Lotions
The skincare market is the largest category in the global cosmetics industry, accounting for 35.3 percent of the global market in 2014. The skincare market consists of facial care, hand care, depilatories, and make-up remover products. These products create a $121 billion global industry. According to a recent report, Indonesia and India will be important growth markets in the next few years.

Hair Product
Hair care products represent a large segment of the beauty market, holding 24 percent of the market overall. Hair care grew 2 percent in the U.S., reaching $11.6 billion in 2014. Shampoos and conditioners have driven growth in this market especially with their advanced formulas but this growth, coupled with increased salon visits, has cannibalized sales in salon hair care, colorants, and styling agents.

Fragrances and Perfumes
Fragrances and perfumes market is expected to grow at a CAGR of 2 percent by 2019. The demand in the Asia Pacific, Latin America, and Eastern Europe has increased over the years, creating a growing market for distributors. Recently, it has become more common for consumers to purchase their products online instead of in store. The rise in online sales of fragrances and perfumes will help drive growth in the forecasted period.

Conclusion

Cosmetic Dermatology is the segment with the biggest growth potential in the middle east for increased occurrence of skin illnesses, developing geriatric populace, and increasing health care spending in the place. Further, tasks taken by means of diverse government associations to elevate focus approximately dermatological issues and its management are also helping the growth of the Asian dermatology drug market place. The Middle East has been witnessing a better boom in the skin care devices enterprise across global, backed by factors along with growing recognition of cosmetic strategies and skin issues in middle east population.

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