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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