NEW YORK, Nov. 2, 2021 /PRNewswire/ -- The personal care market is set to grow by USD 148.89 billion between 2020 and 2025, and register a CAGR of 5.68%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amway Corp., CHANEL Ltd., Colgate-Palmolive Co., Johnson and Johnson Inc., Kao Corp., LOreal SA, Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., and Unilever Group are some of the major market participants.
The increasing number of male and female customers opting for personal care products will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. 54% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for personal care in APAC. The rising demand for personal care products with naturally derived ingredients will facilitate the personal care market growth in APAC over the forecast period.
Personal Care Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the personal care market provides a detailed analysis of vendors operating in the market.
The rising demand for personal care products with naturally derived ingredients will positively impact the market growth. However, the high cost of natural and organic personal care products will hamper the market growth.
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 54%
Key consumer countries
US, China, Japan, Germany, and Brazil
Leading companies, competitive strategies, consumer engagement scope
Amway Corp., CHANEL Ltd., Colgate-Palmolive Co., Johnson and Johnson Inc., Kao Corp., LOreal SA, Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., and Unilever Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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