Did you know the cosmetics industry is a multi-billion-dollar industry? The global cosmetic products market should reportedly reach a market value of $805.61 billion by 2023, remarkably up from $532.43 billion in 2017. According to Orbis Research, the cosmetics industry is expected to register a CAGR of 7.14% during 2018-2023 on a global scale.
After doing well even in the time of economic strife in 2008, the industry promises to stay strong in the future. L’Oréal (with brands like L’Oréal Paris, Garnier, Maybelline New York, and Softsheen), Unilever (with brands like Axe/Lynx, Dove, Lifebuoy, Pond’s, Close-Up, TRESemmé, Suave, Sunsilk, and Vaseline), Estée Lauder, Proctor and Gamble (with brands like Head & Shoulders, Herbal Essences, Ivory, Olay, Pantene, Safeguard, and Oral-B), and Coty (Adidas, Max Factor, Rimmel, Sally Hansen and Wella) have been leading the global cosmetics market for decades now.
Through their wide array of products and services, these companies help us to look our best. As it turns out, the market can be categorized product wise, viz. skincare products, haircare products, color cosmetics, fragrances, personal care products, and oral care products. These products could be further classified basis different skin tones, age, gender and so on.
It is but obvious to find some conscious consumers trying a number products before discovering something that works great for their skin and hair. In recent years, natural products have become a staple in the personal care segment too.
If you are in Jaipur, Shoppers Stop which is located in Malviya Nagar covers a wide range of cosmetic products.