FRANCE BEAUTY PRODUCT MARKET IS ESTIMATED TO REACH BY USD XX billion 2033: SPER MARKET RESEARCH
Consumer products for body care and cosmetics are included in the Beauty & Personal Care market. This market encompasses a number of sectors, including beauty tech, skin care, cosmetics, and personal care. Professional items and beauty services, including hair salons, are excluded categories. French beauty market brands are divided into four categories: personal care (skin, hair, bath and shower, and oral care products); cosmetics/makeup (facial, eye, lip, and nail care products; mass and premium products); and distribution channels (specialist retail stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail channels, and other distribution channels).
According to SPER Market Research, ‘France Beauty Product Market Size- By Cosmetics, By Category, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the France Beauty Product Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
Driven primarily by the Cosmetics and Skin Care categories, the Beauty & Personal Care market is booming and among the fastest expanding consumer markets. The entry of younger consumers into the market is the primary driver of this robust expansion in terms of generational shift. Simultaneously, social media, internationality, and eCommerce serve to further solidify this shift in consumer behavior with regard to beauty product purchases. Global trends are dispersing and altering the everyday regimen for beauty and self-care. Motivated by the Growing Interest in Organic and Natural Products, the use of natural and organic beauty products is growing. There is a growing market for products made from natural materials, free of dangerous chemicals, and environmentally friendly. This element has aided in the expansion of the product options in this industry and the development of natural and organic beauty businesses.
The rising demand from consumers for sustainable and natural skincare products is a significant challenge for the French skincare industry. French consumers are becoming more worried about how their beauty choices will affect the environment. Due to the growing effect of digital channels and influencer content on customers’ purchase decisions, smaller brands launched creative products in the past few years in a number of categories, including skin care and color cosmetics, to compete with the expansion of more well-known and larger brands. The emergence of these smaller companies was also aided by consumers’ increased price sensitivity and openness to trying new things. Throughout the projected period, the French market for cosmetics items will face significant challenges due to the escalating price wars among suppliers. A few well-established competitors sell skin and hair cosmetics. But the battle has gotten fiercer as a result of the cosmetics industry’s strong growth potential drawing in new competitors.
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Impact of COVID-19 on France Beauty Product Market
The impact of the COVID-19 pandemic on the French cosmetics business to obtain a competitive edge, the comprehensive study of the drivers will aid in determining end objectives and improving marketing tactics. A major portion of the market for beauty products was closed as a result of the COVID-19-related closure of high-end beauty product stores. Stock shortages and delays in product availability resulted from manufacturing plant closures or reduced operations. Practical challenges like restricted transportation and interruptions in global trade exacerbated this. Sales plummeted because consumers could not access physical stores. However, the epidemic accelerated the shift to internet purchasing.
France Beauty Product Market Key Players:
The largest share for France Beauty Product Market is held by United States due to higher consumer spending and presence of major brands merchant service providers. Beiersdorf AG, L’Oréal Group, Procter & Gamble Company, The Estée Lauder Companies Inc, Unilever PLC are few of the key players in the market.
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France Beauty Product Market Growth
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