Cosmetics and Toiletry Market: Future Looks Promising with the Growing Awareness of the Latest Styling and Beauty Products

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Technavio market research analysts foresee positive growth for many segments of the cosmetics and toiletry market in the next five years. In their recent findings, Technavio talks about three booming markets under the cosmetics and toiletry market that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.

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Global Liquid Detergent Market 2017-2021

The liquid detergent market is expected to experience rapid advances in the housing industry and the growing importance of the aesthetic appeal of houses. The vendors of the liquid detergent market are expected to assist business firms to strategize and execute their operations in the market. Consumers have started preferring washing products with the growing popularity of advanced laundry care. Based on end-users, the global liquid detergent market has been segmented into two categories such as baby liquid detergent market and adult liquid detergent market.

Among various geographies, the Americas occupied the maximum share in the global liquid detergent market. The growth in the Americas can be attributed to the consumers in this region, who are looking for products that offer convenience as well as performance to help maintain and balance their busy lifestyles. Moreover, the vendors in the region are launching products that are machine and user-friendly. Request a sample report

 Global Exfoliators and Scrubs Market 2016-2020

The global exfoliators and scrubs market is anticipated to show immense growth due to the rising trend towards skin lightening exfoliators and scrubs, which address concerns like skin pigmentation, discoloration, acne marks, and age spots. Vendors are offering various sales offers, such as discounts and bundle offers for consumers to generate sales. These offers also act as marketing and promotional tricks. Among various channels of sales internet retailing is expected to witness the fastest growth during the forecast period as consumers are gaining confidence on the convenience offered by e-commerce platforms. For instance, Estée Lauder has developed an m-commerce platform and sells its 14 brands directly to consumers online.

Technavio analysts have segmented the market into various distribution channels, which include hypermarkets, supermarkets and department stores, specialty stores, drug stores and pharmacies, and other retailers. Large retail outlets such as hypermarkets, supermarkets, and department stores offer an array of products with sales offers and promotions. The penetration of these organized retail stores has led to increased sales of exfoliators and scrubs from these stores. Request a sample report

Global Cosmeceuticals Market 2017-2021

The vendors in the global cosmeceuticals market are launching their online and offline operations by incorporating omnichannel strategy to provide a hassle-free shopping experience to their consumers. For instance, major vendors such as L’Oréal’s L’Oréal Paris and The Body Shop; LVMH’s Sephora; Chanel; and Henkel’s Schwarzkopf Professionals have online services. The online platform is also providing significant growth opportunities to beauty product manufacturers, enabling them to widen their reach to lower tier cities. Besides this, the increasing inclination toward organic products is expected to heighten product innovation on organic lines.

Technavio researchers believe that there is ample scope for cosmeceutical products manufacturers to explore the potential markets such as India and China in APAC. Supported by lifestyle changes that reflect a growing awareness of the latest styling and beauty products and increasing economic well-being of consumers in key growth countries such as China and India, the prospects for cosmeceutical products remain promising during the forecast period. Request a sample report

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