The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The online cosmetics market is thriving, with its size increasing from $12.27 billion in 2023 to $13.36 billion in 2024, reflecting a CAGR of 8.9%. This growth is attributed to the increasing popularity of at-home beauty treatments and greater awareness of product ingredients. By 2028, the market is expected to reach $18.99 billion at a CAGR of 9.2%, driven by rising consumer preferences for personalized beauty products and enhanced e-commerce platforms.

The surge in demand for natural gas and oil is projected to drive the offshore drilling market’s growth. These fossil fuels are essential for energy needs, including heating, electricity generation, and transportation. The increasing demand is due to economic growth, energy needs, and the shift towards cleaner fuels. Offshore drilling allows access to underwater reserves, enhancing overall production. For instance, in April 2024, the Energy Information Administration reported a 9% increase in U.S. crude oil reserves, from 44.4 billion barrels in 2022 to 48.3 billion barrels. Similarly, U.S. natural gas reserves grew by 10% to 691.0 trillion cubic feet in 2022. Hence, the rising demand for these fuels is driving the offshore drilling market.

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What Are The Key Trends That Influence Online Cosmetics Market Share Analysis?

Major companies operating in the online cosmetics market are focusing on developing innovative products, such as cosmetics for Gen Z men, to cater to evolving consumer preferences and demographic trends. Cosmetics for Gen Z men are beauty and grooming products specifically designed to meet the skincare, grooming, and self-expression needs of younger male consumers born between 1997 and 2012. For instance, in December 2022, Kao Corporation, a Japan-based chemical and cosmetics company, launched UNLICS, a cosmetics brand for Gen Z men who aspire to a beauty deeper than personal grooming and UNLICS online retail site. The launch of the official UNLICS online retail site enhances accessibility and fosters direct engagement, inviting consumers to explore and redefine their care routines with confidence and purpose. Designed to empower young men on their journey of self-expression, the brand emphasizes inclusivity and authenticity by offering a range of versatile products that cater to diverse skin types and needs.

Which Market Players Are Driving Growth In The Online Cosmetics Market?

Major companies operating in the online cosmetics market are LVMH Moët Hennessy Louis Vuitton SE, Johnson & Johnson, Parfums Christian Dior, L’Oréal S.A., Chanel S.A., Hermès International S.A., Kao Corporation, Shiseido Company Limited, Avon Products Inc., Clinique Laboratories LLC, Amorepacific Corporation, Clarins Group, Kosé Corporation, MAC Cosmetics, L’Occitane Groupe S.A., Elizabeth Arden Inc., Fenty Beauty by Rihanna, e.l.f. Cosmetics, Anastasia Beverly Hills LLC, Kiehl’s LLC, Charlotte Tilbury Beauty Ltd., Bobbi Brown Professional Cosmetics Inc., NARS Cosmetics, SK-II, Kylie Cosmetics LLC

How Is The Global Online Cosmetics Market Segmented?

1) By Type: Skin Care; Fragrance; Makeup; Hair Care; Sun Care; Bath And Shower
2) By Category: Mass; Premium
3) By Distribution Channel: Company Website; Retail Website
4) By Application: Men; Women

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The Online Cosmetics Global Market Report 2024 provides an overview of the online cosmeticsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online cosmetics market forecast analyzes online cosmetics market size, online cosmetics market share, leading competitor and their market positions.

The Table Of Content For The Online Cosmetics Market Include

1. Online Cosmetics Market Executive Summary
2. Online Cosmetics Market Segments
3. Online Cosmetics Market Size And Template Market Growth Rate
4.  Key Online Cosmetics Market Trends
5. Major Online Cosmetics Market Drivers
……
25. Key Mergers And Acquisitions In The Online Cosmetics Market
26. Top Online Cosmetics Companies
27. Online Cosmetics Market Opportunities And Strategies
28. Online Cosmetics Market, Conclusions And Recommendations
29. Appendix

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