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Foam-based Beauty and Personal Care Products Market to Record 7.3% CAGR, Innovation and Portfolio Extension Leading to Product Premiumization will Drive Growth - Technavio


NEW YORK, Sept. 19, 2022 /PRNewswire/ -- Foam-based Beauty and Personal Care Products Market Facts at a Glance-

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

According to the recent market study by Technavio, Foam-based Beauty and Personal Care Products Market size is expected to increase by USD 2.04 billion from 2021 to 2026, with an accelerated CAGR of 7.3%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenarios, future market trends, market size and estimations, and major investment pockets.

Vendor Insights

The foam-based beauty and personal care products market is fragmented, and the vendors are deploying growth strategies such as product innovation to compete in the market. The key offerings of some of the vendors are listed below:

Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments. View our FREE PDF Sample Report Now

Regional Market Outlook

The foam-based beauty and personal care products market share growth in North America will be significant during the forecast period. The US is the key country for the market in the region. However, market growth in North America will be slower than the growth of the market in other regions. The launch of innovative products, the growing use of online platforms to shop for BPC products, and the rising awareness and adoption of organic foam-based BPC products will drive the foam-based beauty and personal care products market growth in the region during the forecast period.

Learn about the contribution of each region, summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Latest Drivers & Trends Driving the Market

The rising disposable income encourages people to spend on BPC products. Vendors are focusing on improving their R&D operations and pricing strategies. Product premiumization provides them the opportunity to earn high profit margins. 

Manufacturers are focusing more on organic foam-based BPC products. These products are free from harmful ingredients such as sulfate and formaldehyde and adhere to high standards. Hence, vendors are introducing new lines of foam-based products.

Counterfeit products are made of low-quality ingredients and can have a harmful impact on the health of consumers. The penetration of e-commerce has further propelled the sales of counterfeit products. Moreover, the price of counterfeit products is low. The rising number of counterfeit products will have a negative impact on the sales and pricing strategies of genuine vendors.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Didn't Find What You Were Looking For? Customize Report

Don't miss out on the opportunity to speak to our analyst and learn more insights about this market report. Technavio can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

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Foam-based Beauty and Personal Care Products Market Scope

Report Coverage

Details

Page number

120

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 (%)

7.04

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 31%

Key consumer countries

US, China, Japan, Germany, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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, market condition analysis for 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.

Browse Consumer Staples Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Distribution Channel

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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