Japan is the top revenue generating region for cosmetics in the Asia-Pacific region, with an estimated CAGR of 2.7% between 2015 and 2020

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, September 29, 2022 /EINPresswire.com/ — Asia Pacific Cosmetics Market The report, published by Allied Market Research, predicts that the market is expected to gross $126.8 billion by 2020, registering a CAGR of 4.02% over the period 2015-2020. Japan is the region generating the most revenue in the cosmetics market in Asia-Pacific, and accounts for the second largest market in the global cosmetics industry. Japan held 2/7th share of the cosmetics market in 2014, in the Asia-Pacific region. An increase in the adoption of cosmetic products among men is seen as a rising trend in countries like China, India, and Japan. Currently, supermarkets and department stores are the preferred sales channels for the cosmetics market in the region.

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quote Currently, consumers in the region prefer to purchase cosmetics from retail stores, whether it is a supermarket, multi-brand or stand-alone store. Unlike retail stores which are the main sales channels for cosmetics in the Asia-Pacific region, the online platform is gaining momentum. Online shopping platforms would then register a rapid CAGR of 10.3% over the forecast period. Quotation

Growing awareness of maintaining one’s personal appearance and tremendous increase in disposable income are the two factors that are majorly driving the cosmetics market in the Asia-Pacific region. The skincare and sun care products category holds the largest revenue share in cosmetics, complemented by strong demand from both men and women. The skin care and sun care products segment accounted for 3/7th share of the cosmetics market in Asia-Pacific in 2014. Skin care and sun care products are widely used by men and women in all countries of the Asia-Pacific region, while the other major category of make-up/color cosmetics is dominated by women. In addition, shampoos, conditioners, styling creams and gels, hair dyes, moisturizing lotions, face wipes, deodorants and perfumes are the most used cosmetic products by men in this region. The male user segment accounted for approximately 19% revenue share in the Asia-Pacific cosmetics market.

The growing awareness of the use of organic products in the Asia-Pacific region subsequently creates a strong demand for the use of organic content in the manufacture of cosmetics. Many companies such as Himalaya, Biotique and Skin Food operate exclusively in the manufacture of cosmetic products based on natural ingredients.

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Key Findings of the APAC Cosmetics Market

Japan is the top revenue generating region for cosmetics in the Asia-Pacific region, with an estimated CAGR of 2.7% between 2015 and 2020
Skin and sun care was the most revenue-generating product segment in the cosmetics market in 2014 and is expected to further consolidate its position by 2020
Men are the fastest growing segment of cosmetics users, registering a CAGR of 9.2% over the forecast period
The use of natural content in cosmetics has revolutionized the market

The online medium would emerge as a leading platform for purchasing cosmetics over the forecast period (2015-2020)
Product launch and expansion are the two key strategies adopted by market players to bolster their product portfolios and expand their geographic reach. The growing demand for cosmetics, especially in the segment of male users, has led companies in the market to launch new products in the segment of cosmetics for men. For example: in July 2014, Himalaya launched a new product for men: “Intense Oil Clear Lemon Face Wash” in the skincare category, in India. This launch has enriched Himalaya’s product portfolio in its men’s segment.

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Additionally, in June 2014, Nivea, a leading skin and body care brand, set up a new manufacturing facility in India at Sanand, Gujarat. The major players profiled in the report are Biotique, L’Oral, Avon Products Incorporation, Procter and Gamble Corporation, Unilever, Oriflame Cosmetics, Revlon Incorporation, Kao Corporation, Estee Lauder Companies, Incorporation, Biotique and Shiseido Company, Limited.

Reason to buy:
✅ Save and reduce time spent on entry-level research by identifying Asia Pacific Cosmetics Market growth, size, leading players and segments.
✅ Highlights key business priorities to guide companies in reforming their business strategies and gaining a foothold in the vast geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Cosmetics Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets.
✅ Dig deep into the global market trends and outlook associated with the factors driving the market, as well as those restraining the growth to some extent.
✅ Improve the decision-making process by understanding the strategies behind business interest with respect to products, segmentation, and industry verticals.

Personal Care and Organic Cosmetics Market
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David Correa
Allied Analytics LLP
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