The toiletries industry includes companies involved in preparing, blending, compounding, and packaging toiletries. The products that are classified as toiletries include perfumes, shaving preparations, hair preparations, face creams, lotions, sunscreens and other cosmetics. These products are used for cleansing, beautifying, and improving attractiveness and appearance of the human body.
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The global toiletries industry has shown very high growth in the past years with a CAGR of over 7.5%. The year 2017 recorded highest ever growth in this market with a net value of more than $250 billion as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the toiletries market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The aging population is expected to be a driver for this market. Sales of products such as anti-aging creams and peels, wrinkle-reducing moisturizers, and other anti-aging topical treatments will increase. Apart from this, older women usually have more disposable income than younger women. According to the Population Reference Bureau, the population with the age of 65 years and above are expected to increase from 600 million in 2015 to around 700 million by 2020.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Reckitt Benckiser Group, Unilever, and Henkel AG & Co.
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