Personal Care Market Overview:
The personal care sector is the one that manufactures consumer products used for beautification and personal hygiene. Some of the products included in personal care are wipes, toothpaste, toilet paper, talcum powder, moisturizer, shaving cream, razors, perfume, ointment, deodorant, cotton swabs, cotton swabs, cologne and cleaning pods. The global personal care market is extremely diverse and can be divided into personal care products and personal care devices. Personal care devices have become popular around the world in recent years due to the penetration of new innovative devices into the market each year. These devices include electric toothbrushes, trimmers, massage machines, hair curlers, irons, hair dryers, hair clippers and hair clippers. The personal care segment includes skin care, hair care, personal hygiene, oral hygiene, deodorants, fragrances, shower and bath, and makeup.
Personal Care Market Size Analysis:
The personal care market was valued at USD 13.35 billion in 2016 and is expected to reach USD 17.33 billion by 2022, with a CAGR of 4.33% from 2017 to 2022.
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Personal Care Market Drivers and restraints:
The global personal care market is expected to grow substantially in the coming years as consumers’ disposable income grows, which will allow them to spend on luxury personal care products. While the personal care segment of women is a predominant category, the introduction of the men’s grooming line has significantly increased market growth. In addition, it is expected that the development of innovative products in the line for women, such as Cosmeceutical and multifunctional products, will lead to the sale of personal care products in the coming years. To meet the specific needs of customers, manufacturers have flooded the market with specific products for hair and skin. The market should also benefit from promotional offers, advertising and media penetration. In emerging economies, factors such as increasing consumer purchasing power, an abundance of international brands and rapid urbanization are likely to contribute to market growth in the near future.
Personal Care Market-Geographical segmentation:
The global personal care market can be segmented into North America, Asia Pacific, Europe and the rest of the world. The Asia-Pacific region is likely to become a leading region in the market with a changing lifestyle for the consumer and a growing population. North America and Europe are also expected to provide lucrative growth opportunities in the future.
Key Companies Listed in this Personal Care Market Report are:
The main companies in the market are Proctor & Gamble, Helen of Troy Ltd., Godrej Industries Ltd., Johnson & Johnson, Unilever, Colgate-Palmolive, Avon Products and L’Oreal Paris, among others.
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