The cosmetics industry encompasses the hair and skin market. Previously, it was only for women, but nowadays, everyone needs beauty products to look nice and stay disease-free. They are growing more aware of their hair and skin, which are the earliest and most visible features of the human body.
When it comes to presentation, skin and hair play a critical role, resulting in new ideas entering the market every day and opening up several prospects for new enterprises or third-party manufacturing businesses. As a result of the rising level of living and disposable income, demand for these products has increased.
The Global Hair & Skin Care Market has grown at a CAGR of more than 3.2 percent over the last five years and is predicted to grow at a rate of 6.02 percent by 2027.
Market Growth Influencer
Modernization is critical to the success of the Hair and Skin Care market. Employment and education are transforming this industry into a long-term spectacle. Changing lifestyles and more awareness about health care products are boosting this market, while negative issues such as hair loss, skin infections, and skin disorders are causing this industry to bring in significant players.
In 2015, the global hair and skincare market was valued at roughly US$ 196 billion, with a CAGR of 2.87 percent over the previous three years. Looking ahead in the United States, hair and skincare have a market share of over 48 percent in the cosmetics industry. Nearly a million people are employed there.
According to MRFR analysts, the global hair and skincare market is poised to make a significant leap soon, capturing the majority of the cosmetic industry’s market share by 2022.
Market Players of Global Low Hair & Skin Care Market
John Frieda Professional Hair Care Inc L’Oreal USA, KOLMAR, Henkel AG and Co., Unilever PLC, Revlon Inc, Conair Corporation, Procter & Gamble, and Nivea are among the leading competitors in the global Hair & Skincare industry.
Market Research Future introduces the global Hair & Care Skin Care market for the period 2017-2027, focusing on development drivers, trends, and restraints, as well as how the market will grow in the future around the world.
What to Choose for your Next Manufacturing market?
As you could see, both the market niches are showing no signs of slowing down and are ready to skyrocket!
Whether you want a cosmetic manufacturing business in Baddi for producing skincare or hair care products, look no further than AVN Footsteps!
Backed by a team of an experienced and skilled professional team, we understand that quick and agile delivery enables the quality build-up for your bootstrap brand. We start from scratch with product manufacturing and complete marketing solutions for cosmetic products.
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