This Fact.MR report on the global body mist market forecasts that the global body mist market will touch a value of nearly US$ 4,671 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
Rockville, WA -- (SBWIRE) -- 07/10/2018 -- An increased preference for organic and natural ingredients in skin care products and toiletries such as body mists is anticipated to be the biggest trend in the body mist market. Such a demand is also expected to greatly drive the body mist market during the forthcoming years. Many body mists include ingredients such as jasmine, nutmeg, pineapple, papaya, and rose, which help to attract a lot of customers, consequently pushing the market to attain mammoth expansion. Thus, as the number of customers grow, words spread about specific body mist brands, hence contributing towards the market's growth.
Another trend that has been providing an impetus to the market involves rise in e-commerce websites that sell body mist brands at convenient prices, compared to those available from retail stores. As customers save themselves the trouble of going anywhere to buy the products, e-retail buying is highly preferred, thus proving to be a positive factor for the global body mist market's expansion.
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Expected to register a steady CAGR during the forecast tenure 2017-2022, the global hair grooming market could achieve a valuation of close to US$4671 mn in the final forecast year.
Normal Skin Segment Expected to Register Maximum Growth
Development of new products is predicted to prove itself as a powerful factor supporting the growth of the global body mist market. Besides this, vendors are expected to focus more on enhancing the functionality of their products by heavily investing in research and development activities. Overall growth of the market is projected to rise at a modest pace, and this trend could continue to take shape in the next few years.
Body mist products are largely purchased by consumers who are fashion-conscious, which is an important factor driving the relevant market. According to expert analysts, fashion-conscious consumers form a highly important demographic, thus holding the capability to pull the global body mist market in one direction.
The market is divided into several segments on the basis of product type, distribution channel, gender, and fragrance type. Under product type, normal skin, oily skin, sensitive skin, dull skin, others, are key segments. From the perspective of distribution channel, modern trade, drug stores, convenience stores, e-commerce, and other retail format are chief segments. Under gender, men, women, and unisex are three prime categories. And under fragrance type, citrus, musk, oriental, gourmand, floral, and others are chief segments present in the global body mist market.
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Of all the categories mentioned above, the normal skin segment is expected to grow at a steady pace and hold a leading position by securing a projected revenue worth US$1228 mn by 2022. Under distribution channel, the modern trade segment is anticipated to grow at a top notch pace by accumulating revenue worth US$1758 mn by 2022. This growth is expected to occur at a steady CAGR of 3.1% during the forecast period.
Europe Comes Out as Winning Regional Segment Owing to High Personal Care Awareness
In terms of geographical spread, the global body mist market is spread across North America, Latin America, Asia Pacific, Middle East and Africa, and Europe. Of these, maximum growth is experienced by the European region, and is expected to continue even in future. This is mainly due to a high awareness of maintaining personal skin care and hygiene present among the masses living in this region, compared to other geographical extents. Apart from Europe, even North America depicts the presence of huge opportunities for the global mist market to mushroom.
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Chanel S.A., The Estée Lauder Companies Inc, L'Oréal S.A, Shiseido Company, Limited, LVMH Moët Hennessy Louis Vuitton S.E, Amway Corporation, Burberry Group plc, Revlon, Inc., The Procter & Gamble Company and The Unilever Group, are some of the key players operating in the global body mist market.
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