Europe Beauty and Personal Care Products Market Growth, Share, Rising Trends, CAGR Status, Demand, Opportunities and Forecast till 2023-2033: SPER Market Research
A wide variety of materials intended for self-care and aesthetic improvement are included in beauty care products. This group include cosmetics for face decoration, deodorants, shampoos, and conditioners for hair care, as well as skincare products including cleansers and moisturisers. Included under this category are dental care items, fragrances, and customised treatments for particular skin issues. Millennials’ everyday grooming routines increasingly incorporate beauty and personal care products such colour cosmetics, skin care products, and hair care products.
According to SPER market research, ‘Europe Beauty Care Products Market Size- By Personal Care Products, By Cosmetics/Make-up Products, By Distribution Channel, By Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Beauty and Personal Care Products Market is predicted to reach USD 177.61 billion by 2033 with a CAGR of 3.52%.
For the past few years, the Europe Beauty and Personal Care Products Market has grown rapidly due to consumer interest in fitness and beauty routines, distribution channels being strengthened, and the growing demand from both male and female consumers for younger-looking skin. The market for personal care and cosmetics products is being driven by a surge in demand for natural and organic products as well as a growing consumer knowledge of the advantages of organic products. Furthermore, growing disposable wealth and evolving lifestyles are driving up demand for natural components. Customers are gravitating towards natural goods now that they are aware of the negative impacts of paraben and sulfate-based products.
Compliance challenges within the European Union (EU) are likely to hinder the growth of the beauty care industry in Europe. The industry’s expansion may also be constrained by the emergence of advanced beautification methods and increasing public awareness of cosmetic-related risks. Counterfeit cosmetics, produced without proper facilities and staff, pose significant health risks, leading to allergies and irritations for unsuspecting consumers. Moreover, the proliferation of fake products confuses buyers, diluting the market presence of authentic brands and impacting sales. Additionally, the sale of luxury items without warranties by unlicensed vendors, avoiding federal excise taxes, puts legitimate enterprises at a disadvantage, necessitating fair pricing adjustments.
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Impact of COVID-19 on Europe Beauty Care Products Market
Furthermore, manufacturing, supply networks, and retail were all disrupted by the COVID-19 pandemic, which had a major effect on the European market for beauty care products. As customer priorities changed, lockdowns and limits resulted in a drop in sales. The market did, however, demonstrate tenacity with a slow rebound, propelled by heightened attention to personal hygiene, internet sales, and the launch of new products addressing these issues.
Europe Beauty Care Products Market Key Players:
Additionally, some of the market key players are Colgate-Palmolive Company, Estee Lauder Companies Inc., Johnson & Johnson Services Inc., L’Oreal SA, Natura & Co., Oriflame Cosmetics Global SA, Unilever PLC, Others.
Europe Skin Care Products Market Segmentation:
By Personal Care Products: Based on the Personal Care Products, Europe Beauty Care Products Market is segmented as; Bath and Shower (Bath Salts, Shower Gels, Soaps, Other Bath and Shower Products), Deodrants and Antiperspirants, Hair Care Products (Conditioners, Hair Oil, Shampoo, Other Hair Care Products), Men’s Grooming Products, Oral Care (Mouthwashes and Rinses, Toothbrushes and Replacements, Toothpaste, Other Oral Care Products), Skin Care Products (Body Care Products, Facial Care Products, Lip Care Products).
By Cosmetics/Make-up Products: Based on the Cosmetics/Make-up Products, Europe Beauty Care Products Market is segmented as; Eye Cosmetic Products, Facial Cosmetics, Lip and Nail Make-up Products.
By Distribution Channel: Based on the Distribution Channel, Europe Beauty Care Products Market is segmented as; Convenience Stores, Online Retail Channels, Pharmacies/Drug Stores, Specialist Retail Stores, Supermarkets/Hypermarkets, Other Distribution Channels.
By Category: Based on the Category, Europe Beauty Care Products Market is segmented as; Mass Products, Premium Products.
By Region: This research also includes data for France, Germany, Italy, Russia, Spain, United Kingdom, Rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Europe Cosmetics Products Market Challenges
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