Beauty Tools Market to Expand at a CAGR of 5.6% during Forecast Period: TMR Study

May 31, 2023

The global beauty tools industry is growing due to increased demand for natural and eco-friendly products, rising awareness of personal grooming, higher disposable income, and the influence of social media

Wilmington, Delaware, United States, May 22, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global beauty tools market stood at US$ 2.2 Bn in 2022 and is projected to reach US$ 3.6 Bn by 2031, expanding at a CAGR of 5.6% between 2023 and 2031.

Rise in demand for organic & environmentally-friendly products and customer knowledge about personal grooming are likely to drive market development. The global beauty tools market is also driven by rise in disposable income and growing influence of social media and beauty bloggers. Increase in acceptance of grooming habits, such as hair and skin care treatments, is anticipated to create lucrative business opportunities in the global beauty tools market.

Market trends for beauty tools have a big impact on key companies. As a result, they concentrate on funding the development of novel and enhanced beauty items. Leading suppliers of beauty products are working with other companies to diversify their product offerings, increase global footprint, and maintain regional growth.

Business growth is further accelerated by consumers' growing awareness about the need to maintain standards of personal hygiene and grooming. Makers of beauty equipment adopt various marketing techniques to draw in female customers. Besides, more men have been embracing beauty products, which is propelling the market. Development of innovative, environmentally-friendly beauty solutions present lucrative opportunities for market players.

To Remain A head of Your Competitors, Request for a Sample:https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85599

Market Scope:

Report Coverage

Details

Market Revenue

USD 2.2 Bn

Estimated Value

USD 3.6 Bn

Growth Rate - CAGR

5.6%

Forecast Period

2023 - 2031

No. of Pages

180 Pages

Market Segmentation

By Type, Category, Price, Consumer Group, End-use, Distribution Channel

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Key Players

Coty Inc., e.l.f. Cosmetics, Inc., Edgewell Personal Care Company, Etude Corporation, L'Oréal S.A., Natura & Co, Paris Presents Incorporated, Procter & Gamble, Revlon Consumer Products Corporation, The Estée Lauder Companies Inc.

Key Findings of Market Report

The skin care segment is growing in popularity, as more individuals look for ways to enhance both the wellness and the appearance of their skin. Facial steamers, blackhead removers, face washing brushes, and facial rollers constitute some of the most widely used skin care products. Application-wise, different skin care instruments are useful in different situations. For instance, by removing oil, dirt, and pollutants, face washing brushes assist users in cleansing their facial skin.

Leading manufacturers of beauty tools are creating new and enhanced skin care equipment that are more user-friendly, practical, and inexpensive, which is propelling the global industry.

Global Beauty Tools Market: Growth Drivers

There is a growing use of beauty tools that are easy to use, practical, and have long-lasting results as consumers place a high value on personal cleanliness. Customers are encouraged to purchase items from the cosmetic tools list for home usage as disposable income rises. Global market growth is also fueled by increase in awareness about skin care and hair care, the impact of beauty and fashion trends, changing fashion trends, and expanding urbanization.

Companies are investing significantly in R&D activities to produce environmentally-friendly and sustainable beauty tools & accessories, which has resulted in the creation of more effective beauty tools owing to advancements in materials. There has been a rise in the usage of organic and natural beauty tool components due to rise in consumer demand for natural and sustainable products.

Market players are also aiming to introduce novel and improved beauty tools in order to give clients a greater selection that meets their unique wants and preferences. This factor is likely to fuel market demand for beauty tools in the next few years.

Share Your Precise Requirements for Customized Sample:https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=85599

Global Beauty Tools Market: Regional Landscape

North America is anticipated to account for significant market share due to rise in demand for and usage of beauty tools as well as presence of major industry players in the region.

Asia Pacific is rapidly growing region due to rise in disposable income and increase in awareness about cleanliness

Global Beauty Tools Market: Key Players

The Estée Lauder Companies Inc.

Edgewell Personal Care Company

Paris Presents Incorporated

e.l.f. Cosmetics, Inc.

Revlon Consumer Products Corporation

L'Oréal S.A

Browse the Full Report with Facts and Figures of the Beauty Tools Market : https://www.transparencymarketresearch.com/checkout.php?rep_id=85599&ltype=S

Global Beauty Tools Market: Segmentation

Type

Makeup Brushes

Manicure and Pedicure Tools

Sponges and Puffs

Tweezers

Cleansing Tools

Steamers & Massager

Brushes and Combs

Cleansers & Scrubbers

Razors and Manual Trimmers

Others

Category

Skin Care

Hair Care

Body Care

Others

Price

Low (Below US$ 50)

Medium (US$ 50 - US$ 100)

High (Above US$ 100)

Consumer Group

Men

Women

Unisex

End-use

Residential

Commercial

Distribution Channel

Online

Offline

Regions

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact :

Nikhil SawlaniTransparency Market Research Inc.CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,Suite 1200, Wilmington, Delaware 19801 USATel: +1-518-618-1030USA – Canada Toll Free: 866-552-3453Website: https://www.transparencymarketresearch.comBlog: https://tmrblog.comEmail: [email protected]