DUBLIN, September 6, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Online Beauty and Personal Care Market 2016-2020" report to their offering.
The report forecasts the global online beauty and personal care market to grow at a CAGR of 16.70% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Rise in demand for dermocosmetic products will be a key trend for market growth. Dermocosmetics are products that combine cosmetic action with dermatological functions. It is a branch of dermatology concerned with the aesthetic appearance of the skin. The segment has doubled in the last 15 years, from 2.2% to 4.4% of the global beauty market. Western Europe represents almost 60% of the dermocosmetics market. Currently, France is the market leader in terms of revenue, followed by Italy, Germany, and Spain. Worldwide demand for dermocosmetic products has grown in the last five years.
According to the report, one of the key drivers for market growth will be high rate of internet and smartphone penetration and increase in online spending. As of 2014, the internet penetration rate (percentage-to-population) in the US was 87.4%. Approximately 279 million people in the US were internet users; this number is the third-largest globally, after China and India. Users in the US spend more time online per capita than other users globally. An average US internet user spends more than 90 hours online per week, which is almost five times the global average. Also, broadband penetration in the country has increased recently with the growth of both fixed and wireless broadband connections. This high amount of time spent by US consumers online is encouraging beauty and personal care marketers to expand their product offerings through digital platforms.
Further, the report states that increasing webrooming will be a challenge for the market.
- Estée Lauder
- Procter & Gamble
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/czn977/global_online
Related Topics: Personal Care Products
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SOURCE Research and Markets