Foam-based beauty and personal care products market size to grow by USD 2.04 billion from 2021 to 2026; Offline distribution channel to account for maximum market growth - Technavio
NEW YORK, March 30, 2023 /PRNewswire/ -- The global foam-based beauty and personal care products market size is estimated to grow by USD 2.04 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 7.3% during the forecast period. The market is segmented by distribution channel (offline and online), product (skincare, haircare, male grooming, bath, baby and child care, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). For more insights on the market size (2022 to 2026) - Request a sample report
The market will witness significant growth in the offline segment during the forecast period. The revenue generated by offline distribution channels has been declining with the increasing preference for online shopping. Hence, vendors are expanding their stores in local and regional markets to expand their presence and drive more sales. Vendors are also adopting new business and retail strategies such as better pricing strategies and wider assortments to generate sales.
Global Foam-based Beauty and Personal Care Products Market ? Regional Analysis
The report provides actionable insights and estimates the contribution of all regions to the growth of the global foam-based beauty and personal care products market.
North America will account for 31% of the market growth during the forecast period. The use of online platforms to shop for beauty and personal care (BPB) products and rising awareness and adoption of organic foam-based BPC products are driving the growth of the regional market. In addition, growth in population and new product launches are driving the growth of the foam-based beauty and personal care products market in North America.
Insights on the market contribution of various segments, including country- and region-wise data and forecast market size (2022 to 2026) - Download a Sample Report
Global Foam-based Beauty and Personal Care Products Market ? Market Dynamics
Key factor driving growth
The market is driven by innovation and portfolio extension leading to product premiumization.
The growing competition in the market has compelled vendors to increase their R&D efforts to introduce new products.
Changing customer needs have led vendors to innovate their product ranges and expand their product lines.
For instance, WOW brand by FIT & GLOW offers WOW Skin Science Apple Cider Vinegar Foaming Face Wash. The product has various organic ingredients, such as apple cider vinegar, and is equipped with a brush head that helps in deep skin cleansing and refining pores.
Vendors are also focusing on their pricing strategies to optimize their profit margins for a premium portfolio of products. Product premiumization provides them the opportunities to achieve higher profit margins.
Such developments among vendors are driving the growth of the market.
Key trend influencing growth
The introduction of organic products is identified as the key trend in the market.
Consumers are becoming more aware of the health-related problems caused by synthetic foam-based BPC products.
This has increased the demand for organic foam-based BPC products, which has driven vendors to use natural and organic ingredients such as plant extracts and natural oils in their products.
Some of the natural ingredients used by vendors include aloe vera, sea salt, charcoal, coconut oil, shea butter, mango seed butter, cocoa seed butter, lanolin, jojoba seed oil, apricot kernel oil, beeswax, almond oil, coconut oil, and avocado oil.
The introduction of organic versions is also helping vendors in differentiating their products.
This trend will have a positive influence on the growth of the market during the forecast period.
Major challenge hindering growth
The significant presence of counterfeit products is identified as the major challenge in the market.
The availability of counterfeit products of popular brands is increasing in the market. These products are made of low-quality ingredients and can have various ill effects on health.
The growing penetration of the internet and e-commerce has further increased the availability of such products.
Customers find it difficult to distinguish between genuine and counterfeit products as they appear similar.
This is adversely affecting the sales and pricing strategies of genuine players operating in the market.
The beauty and personal care products market is estimated to grow at a CAGR of 5.06% between 2022 and 2027. The size of the market is forecasted to increase by USD 57.45 billion. The market is segmented by product (skincare products, hair care products, color cosmetics, fragrances, and others), channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The online beauty and personal care products market size is expected to increase by USD 51.79 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.93%. The market is segmented by product (skincare products, hair care products, color cosmetics, fragrances, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Foam-based Beauty and Personal Care Products Market Scope
Report Coverage
Details
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 7.3%
Market growth 2022-2026
USD 2.04 billion
Market structure
Fragmented
YoY growth 2021-2022 (%)
7.04
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 31%
Key countries
US, China, Japan, Germany, and Brazil
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
AMOREPACIFIC Group Inc., Amway Corp., Beiersdorf Aktiengesellschaft, CHANEL Ltd., Chatters Ltd. Partnership, Colgate Palmolive Co., Coty Inc., Dr. Babor GmbH and Co. KG, Essity Aktiebolag, Groupe Clarins, Henkel AG and Co. KGaA, Johnson and Johnson, Kao Specialties Americas LLC, LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Oriflame Holding AG, The Avon Co., The Estee Lauder Co. Inc., The Procter and Gamble Co., and Unilever PLC
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants ? Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes ? Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry ? Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
5.1 Market segments
Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)
5.2 Comparison by Distribution Channel
Exhibit 27: Chart on Comparison by Distribution Channel
Exhibit 28: Data Table on Comparison by Distribution Channel
5.3 Offline - Market size and forecast 2021-2026
Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)
5.4 Online - Market size and forecast 2021-2026
Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Distribution Channel
Exhibit 37: Market opportunity by Distribution Channel ($ million)
6 Market Segmentation by Product
6.1 Market segments
Exhibit 38: Chart on Product - Market share 2021-2026 (%)
Exhibit 39: Data Table on Product - Market share 2021-2026 (%)
6.2 Comparison by Product
Exhibit 40: Chart on Comparison by Product
Exhibit 41: Data Table on Comparison by Product
6.3 Skincare - Market size and forecast 2021-2026
Exhibit 42: Chart on Skincare - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on Skincare - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on Skincare - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Skincare - Year-over-year growth 2021-2026 (%)
6.4 haircare - Market size and forecast 2021-2026
Exhibit 46: Chart on haircare - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on haircare - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on haircare - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on haircare - Year-over-year growth 2021-2026 (%)
6.5 Male grooming - Market size and forecast 2021-2026
Exhibit 50: Chart on Male grooming - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Male grooming - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Male grooming - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Male grooming - Year-over-year growth 2021-2026 (%)
6.6 Bath - Market size and forecast 2021-2026
Exhibit 54: Chart on Bath - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Bath - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Bath - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Bath - Year-over-year growth 2021-2026 (%)
6.7 Others - Market size and forecast 2021-2026
Exhibit 58: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Others - Year-over-year growth 2021-2026 (%)
6.8 Market opportunity by Product
Exhibit 62: Market opportunity by Product ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 64: Chart on Market share by geography 2021-2026 (%)
Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
8.2 Geographic comparison
Exhibit 66: Chart on Geographic comparison
Exhibit 67: Data Table on Geographic comparison
8.3 North America - Market size and forecast 2021-2026
Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
8.4 Europe - Market size and forecast 2021-2026
Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
8.5 APAC - Market size and forecast 2021-2026
Exhibit 76: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on APAC - Year-over-year growth 2021-2026 (%)
8.6 South America - Market size and forecast 2021-2026
Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
8.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
8.8 US - Market size and forecast 2021-2026
Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)
8.9 China - Market size and forecast 2021-2026
Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)
8.10 Germany - Market size and forecast 2021-2026
Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
8.11 Brazil - Market size and forecast 2021-2026
Exhibit 100: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 101: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 102: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibit 103: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
8.12 Japan - Market size and forecast 2021-2026
Exhibit 104: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 105: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 106: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 107: Data Table on Japan - Year-over-year growth 2021-2026 (%)
8.13 Market opportunity by geography
Exhibit 108: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
10.4 Industry risks
Exhibit 112: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 113: Vendors covered
11.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
11.3 Coty Inc.
Exhibit 115: Coty Inc. - Overview
Exhibit 116: Coty Inc. - Business segments
Exhibit 117: Coty Inc. - Key offerings
Exhibit 118: Coty Inc. - Segment focus
11.4 Essity Aktiebolag
Exhibit 119: Essity Aktiebolag - Overview
Exhibit 120: Essity Aktiebolag - Business segments
Exhibit 121: Essity Aktiebolag - Key news
Exhibit 122: Essity Aktiebolag - Key offerings
Exhibit 123: Essity Aktiebolag - Segment focus
11.5 Henkel AG and Co. KGaA
Exhibit 124: Henkel AG and Co. KGaA - Overview
Exhibit 125: Henkel AG and Co. KGaA - Business segments
Exhibit 126: Henkel AG and Co. KGaA - Key news
Exhibit 127: Henkel AG and Co. KGaA - Key offerings
Exhibit 128: Henkel AG and Co. KGaA - Segment focus
11.6 Johnson and Johnson
Exhibit 129: Johnson and Johnson - Overview
Exhibit 130: Johnson and Johnson - Business segments
Exhibit 131: Johnson and Johnson - Key news
Exhibit 132: Johnson and Johnson - Key offerings
Exhibit 133: Johnson and Johnson - Segment focus
11.7 Kao Specialties Americas LLC
Exhibit 134: Kao Specialties Americas LLC - Overview
Exhibit 135: Kao Specialties Americas LLC - Product / Service
Exhibit 136: Kao Specialties Americas LLC - Key offerings
11.8 LOreal SA
Exhibit 137: LOreal SA - Overview
Exhibit 138: LOreal SA - Business segments
Exhibit 139: LOreal SA - Key news
Exhibit 140: LOreal SA - Key offerings
Exhibit 141: LOreal SA - Segment focus
11.9 LVMH Moet Hennessy Louis Vuitton SE
Exhibit 142: LVMH Moet Hennessy Louis Vuitton SE - Overview
Exhibit 143: LVMH Moet Hennessy Louis Vuitton SE - Business segments
Exhibit 144: LVMH Moet Hennessy Louis Vuitton SE - Key news
Exhibit 145: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
Exhibit 146: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
11.10 The Estee Lauder Co. Inc.
Exhibit 147: The Estee Lauder Co. Inc. - Overview
Exhibit 148: The Estee Lauder Co. Inc. - Business segments
Exhibit 149: The Estee Lauder Co. Inc. - Key news
Exhibit 150: The Estee Lauder Co. Inc. - Key offerings
Exhibit 151: The Estee Lauder Co. Inc. - Segment focus
11.11 The Procter and Gamble Co.
Exhibit 152: The Procter and Gamble Co. - Overview
Exhibit 153: The Procter and Gamble Co. - Business segments
Exhibit 154: The Procter and Gamble Co. - Key news
Exhibit 155: The Procter and Gamble Co. - Key offerings
Exhibit 156: The Procter and Gamble Co. - Segment focus
11.12 Unilever PLC
Exhibit 157: Unilever PLC - Overview
Exhibit 158: Unilever PLC - Business segments
Exhibit 159: Unilever PLC - Key news
Exhibit 160: Unilever PLC - Key offerings
Exhibit 161: Unilever PLC - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
12.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
12.5 List of abbreviations
Exhibit 168: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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