The beneficial attributes of Premium Beauty and Personal Care Products and other major driving factors is expected to favour the rise in the global Premium Beauty and Personal Care Products market
Reports and Insights has published a new report titled, “Premium Beauty and Personal Care Products Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Premium Beauty and Personal Care Products Market, By Product Type (Premium Skincare, Premium Fragrances, Premium Colour Cosmetics, Premium Hair Care, Others), By Sales Channel (Hypermarkets/Supermarkets, Retail Chains, e-Commerce, Others and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global premium beauty and personal care products market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Premium beauty and personal care is the new idea that has emerged in today’s contemporary world, which represents the concept of positive beauty, for the people and the planet Earth. The premium beauty and personal care products provide the care and beauty that not only does less damage but also does more benefit. These new age premium beauty products and brands are undertaking the measures to take up the positive change.
The premium beauty and personal care products basically refers to a comprehensive range of products that we generally encounter in the health and beauty segments of department and drug stores. These incorporate, for instance, skin moisturizers, lipsticks, perfumes, eye and facial makeup preparations, fingernail polishes, permanent waves, shampoos, toothpastes, deodorants, and hair colors.
Some of the major factors that is mainly supporting the idea of premium beauty and personal care products is the favorable effects of premium beauty and personal care products on social interaction and self-esteem, enhancing quality of life, and the progressive consumer shift in the direction of premium and luxury cosmetic brands, which is ultimately boosting the demand of premium beauty and personal care products across the global markets. Attributing to which, the global premium beauty and personal care products market is projected to rise considerably in the forthcoming future. In addition to that, the growing disposable income of the population all across the world is further contributing positively to the market growth.
Moreover, the soaring awareness among individuals for personal health and hygiene as well as for rising consciousness towards personal appearance is also playing a significant role for the rapid growth of the global premium beauty and personal care products market in the following years.
Reports and Insights Study identifies some of the key participating players in the premium beauty and personal care products market globally are Revlon Inc., Mary Kay, Shiseido Company Limited, Procter and Gamble Co., Avon Products, Beiersdorf AG, Kao Corporation, Loreal Group, and the Estée Lauder Companies Inc., among others.
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