Lucintel Estimates $265 Billion Market for Global Beauty Care Products Industry in 2017

Irving, Texas (PRWEB) November 19, 2012

Rising consumer incomes and changing lifestyles drive the global beauty care products industry. Revenue in the industry is forecast to reach an estimated $ 265 billion in 2017 with a CAGR of 3.4% over the next five years (2012-2017), highly influenced by increasing demand in Asia Pacific (APAC) and Europe due to increase in GDP and improving living standard.

Lucintel, a leading global management consulting and market research firm, has analyzed the global beauty care industry and presents its findings in Global Beauty Care Products Industry 2012-2017: Trend, Profit, and Forecast Analysis.

The beauty care products industry comprises establishments primarily engaged in manufacturing beauty products externally applied to enhance the beauty of skin, hair, nails, lips, and eyes. The industry encompasses manufacturers segment revenue related to beauty care products. The industry was affected by recession in 2009 but recovered in 2011 as the global economy improved.

As per the study, increased awareness has resulted in higher demand for luxury products, especially cosmetics. Providing quality products at a low cost is a challenge for manufacturers. Skincare, the largest segment, represents good growth prospects during the forecast period. Increased demand for multi-feature products such as moisturizing cream with sun protection and anti-aging or anti-wrinkle properties are likely to drive market growth. Hair care is the second-largest segment and indicates good future growth potential. The cosmetics segment also has growth potential as demand is increasing for premium cosmetics in the expanding middle class in developing nations.

This market research report provides an overview of the global beauty care products industry, tracking four market segments of the industry in four geographic regions. Thus, 16 segments of the global beauty care products industry are tracked. The report studies manufacturers of skin care, hair care, cosmetics, and fragrance products providing a five-year (2006-2011) annual trend analysis that highlights market size, profit, and cost structure for beauty care products in North America, Europe, APAC, and Rest of the World. The report also provides a forecast, addressing market opportunities for next five years (2012-2017) for each of these regions.

For a detailed table of contents and pricing information on this timely, insightful report contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services Target Screening/ Merger & Acquisition that facilitate critical decisions with greater speed, insight, and cost efficiency.

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Lucintel Forecasts Good Growth for the Global Hair Care Products Industry

Irving, TX (PRWEB) May 11, 2013

The global hair care products industry mainly comprises the manufacturers of all hair care products such as shampoos, conditioners, hair oils, hair colorants, hair treatment products, and hair styling products. The industry revenue is forecast to reach an estimated $ 82.2 billion in 2018 with a good growth during 2013-2018.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in Global Hair Care Products Industry 2013-2018: Trend, Profit, and Forecast Analysis. Europe dominated this industry with the highest market share of approximately 35% in 2012. Europe is closely followed by Asia Pacific, which has emerged as the fastest-growing region in the industry.

Lucintels report provides an overview of the industrys challenges. Hair care products have evolved over the years and there are numerous shampoos, hair conditioners, hair colorants, hair oils, and hair styling agents available to consumers. With so many products offered in the market, manufacturers are challenged to maintain the quality of each product. Increasing cost of raw materials and packaging materials are also significant challenges for the manufacturers. All hair care product manufacturers are striving to meet the challenges and maintain profitability.

In addition to these challenges, the study highlights the growth drivers in the industry. The global economy is recovering after the recession, and the disposable income of many people in many regions around the world is increasing, which in turned has fueled the growth of consumer spending. Young people are growing more fashion conscious and more are turning to hair styling products and hair colors to express their individuality. These types of changes in consumer habits are also driving the industry. Hair care product retailers are becoming more organized in their trade. Greater attention to customer preferences and more widespread product availability are helping the market grow.

This market report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, timely, useful information is needed, which is fulfilled by this market report.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel offers Opportunity Screening and Business Strategy Consulting services to support decision makers in achieving their growth objectives.