Product ID: UCMIG30L2060
Household Beauty Appliances Market Size, Share, Growth Analysis, By Product(Haircare, Facial Care), By Distribution Channel(Supermarket/Hypermarket, Convenience Stores), By Regional(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG30L2060 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Household Beauty Appliances Market Insights
Market Overview:
In 2018, the estimated size of the global household beauty appliances market was USD 6.17 billion. It is predicted to expand at a compound annual growth rate (CAGR) of 5.3% from 2019 to 2025. The market growth is primarily attributed to the increasing preference for affordable and user-friendly grooming and beauty devices. Additionally, the growing awareness of personal grooming and aesthetic appeal is expected to drive the demand for these products in the future. To enhance customer experience, market leaders are introducing innovative and smarter products. They are investing heavily in research and development to create more efficient offerings. Consequently, the introduction of advanced technologies in new products is anticipated to be a significant driver for the market in the coming years. As an example, in January 2019, L’Oreal S.A. unveiled the first wearable microfluidic device.
Household Beauty Appliances Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Household Beauty Appliances Market Report Snapshots
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