Global Beauty & Personal Care Market Insights & Forecast 2024-2028: Growing Gen Z Population, Increasing Popularity of Men's Grooming Products and Rising Social Media Influence Drives Market Forward - ResearchAndMarkets.com.

The "Global Beauty & Personal Care Market (By Category, Channel & Region): Insights & Forecast (2024-2028)" report predicts that the global beauty and personal care market will reach US$682.93 billion by 2028, with a compound annual growth rate of 5.31% from 2024 to 2028. Factors driving this growth include rapid urbanization, rising disposable income, the increasing popularity of men's grooming products, and the influence of social media. However, the lack of regulations, the dynamic nature of the industry, and the threat of counterfeit products may hinder market growth. Skincare, makeup, and hair care are the dominant categories in the market, while offline sales currently hold the majority share. The Asia Pacific region leads the market, followed by the Americas. The COVID-19 pandemic led to store closures and weak sales of beauty products, but there was an increase in online sales and a surge in demand for sanitizers and cleaning agents. The report provides a comprehensive analysis of the market, including the impact of COVID-19, market trends, and challenges, as well as profiles of key players in the industry. [Extracted from the article]

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