E-commerce cosmetic and Fragrance Market – Key Trends, Drivers, Product Benchmarking, and Competitive Landscape.
was valued at USD 36 Bn in 2021, and it is expected to reach USD 75.61 Billion by 2029, exhibiting a CAGR of 9.72% during the forecast period (2022-2029)
The study looks at 34 countries that travel industry experts believe to be desirable travel destinations. Based on their expected investment needs, dominance in certain geographic industries, and worldwide reach, top corporations are chosen for benchmarking and profiling. The entire market impact of each regional, global, and local rival has been considered.
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E-commerce cosmetic and Fragrance Market Overview:
The E-commerce cosmetic and Fragrance Market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the E-commerce cosmetic and Fragrance Market as well as the factors influencing regional variations in the growth of the sector.
It was possible to calculate the total market size by segments and nations by performing a micro level analysis of each country. Using a bottom-up approach, the sizes of the regional and global markets are estimated. It is possible to ascertain what percentage of the overall market the unorganised market makes up by micro-analysing each nation. The market's drivers, restrictions, and possibilities must be thoroughly investigated by the business structure. After that, the findings are verified by talking to well-known local businessmen. The secondary inquiry and analysis of the same uses data from both for-profit and open-source sources. Data about each player's output and consumption is gathered from a variety of sources, such as open and closed registries and, in the case of publicly traded companies, the company's financial reports. You could get in touch with the tax division of your local government if financial records are not made public.
In 2021, the beauty market was estimated to be worth $532 billion, with cosmetics including eye, face, nail, and related accessories accounting for billion in sales in the US. However, the future of the cosmetics sector may be significantly altered by the expansion of the global skincare market as well as the social and economic disruptions brought on by the Corona virus. The development of digital marketing has undoubtedly benefited the worldwide beauty business.
E-commerce cosmetic and Fragrance Market Segment:
By 2029, the fragrance market, which was valued at US$35.08 billion in 2021, is anticipated to have increased to US$57.60 billion. On the other hand, many people find it confusing to shop for perfumes online. Fragrances represent just a small portion of the $18.60 billion in online sales for cosmetics and beauty this year, making up 1.3% of the total. Even if online sales increase as a share of the $7 billion in retail sales in the fragrance sector, e-commerce penetration will stay below 5% through 2029.
The five primary geographical regions of the E-commerce cosmetic and Fragrance Market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
E-commerce cosmetic and Fragrance Market Key players:
- • LOral International
• Avon Products, Inc.
• The Procter & Gamble Company
• Unilever PLC
• Oriflame Cosmetics S.A.
• Revlon, Inc
• Kao Corporation
• The Estee Lauder Companies Inc.
• Shiseido Company, Limited
• Skin Food
• Takasago International Corporation
• Ajmal International Trading Co. LLC
• Zohoor Alreef
• Amazon.com Inc.
• Emaar Malls (Namshi)
• M.A.C Cosmetics
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- Top-down and bottom-up methods are used to estimate and validate the size of the global E-commerce cosmetic and Fragrance Market. Participants diligently adhere to the many classification requirements set forth by the firm to compile a comprehensive list of notable and active players. The businesses that are most relevant to the market under consideration are chosen after a thorough validation procedure.
- Preference lists are arranged using commercial databases like Factiva, Bloomberg, and others in accordance with the revenue generated in the most recent quarter.
- In addition, the questionnaire was created expressly to meet all requirements for appointment-only primary data collection based on the key target categories. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profit margins, and the expansion of various commodities and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before usage.
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