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Fact.MR projects the global mass beauty and personal care products market to attain a valuation of US$420.0 bn by the end of 2022 as it rises at a CAGR of 7.4% during the forecast period 2017-2022. In 2017, the global mass beauty and personal care products market was valued at a US$295.0 bn. By product, the global mass beauty and personal care products market is classified into fragrances, oral care, skin care, color cosmetics, and hair care. By the end of 2022, skin care is anticipated to obtain a 30.0% revenue share of the global mass beauty and personal care products market.
Skin care could well be a top-selling product category of the global mass beauty and personal care products market by the end of the final forecast year. High demand for skin care mass beauty and personal care products could be attributed to their consistent consumption since years. Increased prevalence of common dermatological problems is predicted to raise more demand for skin care mass beauty and personal care products in the foreseeable future. Skin care mass beauty and personal care products are usually used as preventative measures by consumers. The sales of skin care mass beauty and personal care products could increase with the growing levels of air pollution and dust. Thus, they are foreseen to gain traction in the global mass beauty and personal care products market.
As per sales channel, the global mass beauty and personal care products market is divided into e-commerce, retail chains, and hypermarkets/supermarkets. Amongst these segments, the global mass beauty and personal care products market is foretold to witness the dominance of retail chains as they secure a lion’s share in the coming years. Retail chains could maintain their command over the global mass beauty and personal care products market as e-commerce websites continue to show high penetration.
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The report sheds light on critical aspects of the global mass beauty and personal care products market, which include the competitive landscape, market segmentation, and geographical analysis. Each section of the report brings to light some or the other vital factor that could increase the growth of the global mass beauty and personal care products market during the forecast period 2017-2022. The unique research methodology used by the authors of the report is said to have players a significant role in compiling such a comprehensive and accurate research study on the global mass beauty and personal care products market.
Mass beauty and personal care products are categorized under a broad sphere of cost-effective beautification offerings. Not at affordable prices, mass beauty and personal care products directly appeal to the masses. Mass beauty and personal care products are commonly used in the daily routine of consumers to maintain their personal hygiene and improve their physical appearance.
Rising awareness about the benefits of using mass beauty and personal care products and their affordable availability are projected to create a whole lot of market opportunities for manufacturers. Market researchers forecast the global mass beauty and personal care products market to gather pace in its growth in the coming years.
Additional Questions Answered
This report answers important questions about the global mass beauty and personal care products market, including:
- Will the demand for skin care mass beauty and personal care products continue to increase in the near future?
- How will retail chains contribute to the rise of the global mass beauty and personal care products market?
- Which region will lead the global mass beauty and personal care products market?
- Which player will collect a king’s share of the global mass beauty and personal care products market?
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