The global body care market size was USD 197.38 Billion in 2021 and is expected to register a revenue CAGR of 7.4% over the forecast period, according to the latest report by Reports and Data. Rising demand for natural or organic body care products is a primary factor driving market revenue growth. Aloe vera, hydrogenated castor oil, pharmaceutical-grade castor oil, coconut oil, turmeric, sandalwood, rose water, and other ingredients are utilized to manufacture natural body care products, which in turn aid in the treatment of skin conditions. Organic products are nutrient-rich, which keeps the skin healthy. They also contain essential oils that reach the deepest layers of the skin to moisturize, nourish, and regenerate skin cells.
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Market Dynamics:
The global Body Care market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.
Competitive Landscape:
The research report offers details about leading companies in the global Body Care market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
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Major Companies:
- Procter Gamble,
- Beiersdorf Global,
- L'Oréal, Unilever,
- The Estée Lauder Companies Inc.,
- Revlon,
- Kao Corporation.,
- Shiseido Co. Ltd,
- Johnson Johnson Services, Inc.,
- Colgate-Palmolive Company.
Market Segmentation:
The report also sheds light on the market segmentation based on type, application and region:
By Product Outlook
- Body Lotion
- Body Wash
- Body Oil
- Body Spray
- Body Powder
- Others
By Distribution channel Outlook
- Supermarkets Hypermarkets
- Pharmacy Drugstore
- Convenience Stores
- Online Retail
By Packaging Type Outlook
- Tube
- Bottle
- Jar
By End-Use Outlook
- Men
- Women
Body Care Market Segmentation based on Regions:
North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East Africa
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