Rockville, WA -- (SBWIRE) -- 07/07/2018 -- The changing outlook toward grooming has had a positive influence on the global premium beauty and personal care products market. The products available in this market are aimed toward beautification and personal care of interested consumers. A wide range of premium beauty and personal care products are available in the across the globe that cater to the growing interest of consumers in personal upkeep. These products are developed and commercialized on the basis of the needs of varied consumers. Weather conditions, genetic predispositions, age-related factors, and cultural influences are being factored in while developing self-care products under the wider branch of cosmetics.

Higher Purchasing Power Amongst Urban Population Drives Premium Beauty and Personal Care Products market

The research report emphatically states that the exponential rise of young population, especially in the urban areas as been a critical driving force for the global premium beauty and personal care products market. This generation is being encouraged by higher-spending capacities, which are further influenced by the media. Persistent study of the consumer behavior pertaining to their needs, disposable incomes, and lasting trends has helped the market tremendously in the past few years. Several companies offer products that are range between the affordable price ranges to extremely high-priced products in order to lure in all kinds of consumers. The promise of reversing aging signs and restoring radiant youth has been the very basis of selling the numerous premium beauty and personal care products to customers across the globe.

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According to Fact.MR, the global premium beauty and personal care products market was worth US$111 bn in 2017. This figure is only slated to get bigger in the forthcoming years as the consumers have only increased. Analysts anticipate that the market for premium beauty and personal care products will reach US$58 bn by the end of 2022. Rise of the global market for premium beauty and personal care products will be largely attributable to the emerging trend of e-commerce, which is defined by online retailing. Out of sales channels such as hypermarkets/supermarkets, retail chains, e-commerce, others, the e-commerce is expected to be a pivotal in helping the global market scale heights in during the forecast period of 2017 and 2022.

E-commerce opens up Wider Sales Channels for Global Premium Beauty and Personal Care Products Market
E-commerce has allowed several international brands to reach out to distant geographies, which was difficult process in the earlier days. The possibility and convenience of shipping products from one end of the corner to the other had also enabled the global premium beauty and personal care products to increase their sales. Convenient payment options and trustworthy payment policies as also facilitated popularity of many brands amongst many consumers across the globe. In addition to e-commerce, hypermarkets/supermarkets and entry of big stores in emerging economies is also projected to add to the soaring revenue of the global premium beauty and personal care products market.

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The research report states that the growing awareness about various skin conditions has been the crucial to the rise of the global premium beauty and personal care products. Rising air pollution, skin concerns due to carbon emissions, and increasing problems due to UV radiation have also contributed toward uptake of skin care products in recent years.

From a geographic point of view, Asia Pacific is expected to lead the premium beauty and personal care products market in the forthcoming years. Dominance of fairly young population in the region, rising disposable income, emerging trend of beauty pageants, and increasing awareness about skin conditions is expected to drive the Asia Pacific premium beauty and personal care products market in the near future.

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Competitive Landscape:
The leading players defining the competitive landscape of the global premium beauty and personal care products market are Unilever, Loreal Group, Kao Corporation, The Estée Lauder Companies Inc., Beiersdorf AG, Procter and Gamble, Avon, Mary Kay, Shiseido, and Revlon.

About Fact.MR
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