Beauty Devices Market is Set to Grow at a CAGR of 19.2% by 2024

Posted on 2018-11-15 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Nov-15 — /EPR Network/ —According to Goldstein Research, global beauty devices market size is expected to reach USD 90.0 billion by 2024, growing at a CAGR of 19.2% over the forecast period 2016-2024. With the rising awareness towards beauty & physical appearance and also the growing personal disposable income are driving the growth of the market. Global beauty devices market segmentation has been done on the basis of product type, application, end user and geography. Based on product type, hair removal devices accounted for largest market share in 2016. Geographically, global beauty devices industry is dominated by North America, followed by Asia Pacific region which is expected to grow at fastest CAGR during the forecast period.

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Market Segmentation

Global Beauty Devices Market can be segmented as follows:

On the basis of Product Type

Skin Care (Cleansing Devices, Skin Derma Rollers, etc.)
Hair Care (Hair Removal Devices and Hair Styling Devices)
Oral Healthcare Devices

On the basis of Application

Commercial (Salons and Spas)
Domestic/ At Home
Hospitals/ Clinics

On the basis of End User

Men
Women

By Region

North America Beauty Devices Market Analysis, 2016-2024
Europe Beauty Devices Market Analysis, 2016-2024
Middle East and Africa Beauty Devices Market Analysis, 2016-2024
Latin America Beauty Devices Market Analysis, 2016-2024
Asia Pacific Beauty Devices Market Analysis, 2016-2024
Rest of the World Beauty Devices Market Analysis, 2016-2024

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“Global Beauty Devices Market Outlook 2024” contains detailed overview of the global beauty devices market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, application, end user and geography.

Key players of the Global Beauty Devices Market discussed in the report are:

Panasonic Corporation, Procter & Gamble, L’Oréal Group, Tria Beauty Inc., Koninklijke Philips N.V., Carol Cole Company, Home Skinovations Ltd., Lumenis Ltd., Syneron Medical, etc.

The report discusses competitive analysis of major players. The company profiling includes financial analysis, analysis of revenue distribution by regions and business segment, business strategies, recent developments and more information to provide business outlook.

Further, Global Beauty Devices Market Report also represents the market size, market share, market growth rate, and data of beauty devices global trade, demand, supply and other relevant statistics. The report also includes the beauty devices global market analysis and opportunities which includes growth drivers, trends, opportunities, risk analysis, challenges, BPS analysis, PESTLE analysis, SWOT analysis, market attractiveness and Porter’s five force model to support and provide insights to the market stakeholders in formulating business strategies and take decisions based on global trends in existing markets and emerging markets.

Global beauty devices market is further bifurcated in various segments with separate market analysis mentioned below:

Hair Styling Equipment Market

Hair styling equipments market has been booming with rising expenditures of hair grooming and styling across the globe. The global hair styling equipment market valued more than USD 12.7 billon in 2015 owing to rising sales in Asia-Pacific region with high income population. Global hair styling equipments market is expected to expand at a CAGR of 5.6% over the forecast period i.e. 2016-2024. Further the market is projected to reach USD 19.6 billion by the end of 2024.

UAE Cosmetics Market

Consumers in UAE are highly attracted towards the premium cosmetic products and the growth is also majorly driven by the foreign tourists in the country. Moreover, UAE’s premium cosmetic products market share is anticipated to increase from 48% in 2017 to 50% by 2020. UAE Cosmetics Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe.

Middle East Cosmetics Market

The Middle East showcase solid growth rate globally, overall cosmetic industry growth is promising related to historic period. Middle East cosmetics market to expand at a CAGR of 6.4% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 32.2 Billion by 2025 owing to growing market for natural products, personalized products and services majorly in GCC countries.

Saudi Arabia Cosmetics Market

Cosmetic industry in Kingdom of Saudi Arabia is growing at rapid pace and standard of living of rich in the country is virtually incomparable to any other country in the world, which is the major factor for the growth of premium cosmetic products. Saudi Arabia cosmetics market to expand at a CAGR of 11.4% during the forecast period 2017-2025.

Global Premium Cosmetics Market Analysis

Premium cosmetics manufacturers have been focused on innovative ingredients to suit every aspect of beauty wellness with a natural alliance of art and craftsmanship, led by creativity, virtuosity and quality of the product. Premium cosmetics market size is expected to cross USD 369.2 billion by 2024 from USD 127.0 billion in 2016, expanding at a CAGR of 14.2% over the forecast period i.e. 2016-2024.

Global Cosmetics Industry

The cosmetics industry is one of those industries which faces the least impact from the economic ups & downs. The perks of e-commerce has not only benefitted the companies but also the consumers in terms of pricing & vast range of options available to them. Moreover, new customers have also been attracted through the online distribution route. Global cosmetics market size is anticipated that by 2025 the market will be valued at nearly at USD 640.0 billion, expected to be growing at a CAGR of 3.90% during the forecast period.

Halal Cosmetics Market

The halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids and ingredients that are obtained from the animals like pig. The basic motive behind these products is to provide clean, pure and the products which do not contain any kind of ingredient which is not acceptable by the Islam. Halal cosmetics market accounted for USD 12.6 Billion in 2015 and the market is expected to reach USD 21.4 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 6.8% over the forecast period i.e. 2016-2024.

Global Cosmeceuticals Market

Growing popularity of animal friendly products is likely to contribute in the cosmeceuticals market growth during the analysis period. Global cosmeceuticals market size valued USD 43.57 billion in 2016 and is estimated to reach USD 78.29 billion by 2024 growing at a CAGR of 7.60% during the period 2016-2024.

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