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Research Outline

Prepared for Jenny T. | Delivered October 15, 2019

Beauty Landscape

Goals

To gain an understanding of the global beauty market, excluding hair care and men's products, including market size, growth, major players, disruptors and trends.

Early Findings

  • It is predicted that the global market for personal care and beauty products will be worth $716.6 billion in 2025 and grow at a rate of 5.9% per year between now and then. Using a CAGR calculator, we can estimate that the personal care and beauty product industry is worth $508.04 billion in 2019.
  • The men's personal care market is projected to be worth $166 billion in 2022 with a growth rate of 5.4% between now and then. Using a CAGR calculator, we can estimate the current men's personal care market at $141.77 billion.
  • The hair care market is projected to be worth $116.33 billion in 2024 with a growth rate of 3.35%. Using a CAGR calculator, the hair care market is estimated to be worth $98.66 billion in 2019.
  • Based on the above calculations, the global market for beauty and personal care products, excluding hair care and men's products, is worth approximately $267.61 billion ($508.04 billion - $141.77 billion - 98.66 billion).
  • The Asia Pacific region has the largest beauty product market while the Middle East and Africa is the fastest growing region.
  • The skincare segment is expected to show the largest growth between now and 2025, with a predicted CAGR of 6.2%.
  •  Major players in the market include The Este Lauder Companies, Revlon, Proctor & Gamble, L-Oreal and Unilever.