Personal Care Industry Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Personal Care Industry Analysis:

The estimated size of the Beauty and Personal Care Products Market in 2023 is USD 496.63 billion, with a projected growth to reach USD 622.45 billion by 2028, exhibiting a CAGR of 4.62% during the forecast period (2023–2028).

Following the outbreak of COVID-19, individuals experienced various skin-related issues such as rashes and itching, primarily due to the excessive use of soaps and hand sanitizers. Additionally, healthcare professionals reported developing rashes from prolonged usage of personal protective equipment (PPE) kits. Consequently, the personal care market has witnessed growth in the post-COVID era as people prioritize taking care of their skin.

One of the key drivers of market expansion is the increasing awareness among customers about their appearance. Millennials, in particular, have incorporated beauty and personal care products such as skin care, color cosmetics, and hair care into their regular grooming routines.

Furthermore, the market has benefited from the emergence of cosmetics formulated with natural, non-toxic, and organic components. The demand for organic ingredients has been on the rise globally, leading consumers to gravitate towards organic personal care products. This trend is expected to fuel market growth throughout the study period.

Moreover, the market has been positively influenced by the growing awareness of the harmful effects of chemicals and synthetic products. As a result, consumers are increasingly inclined to purchase products with natural or organic labeling, thereby driving market growth.

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