Toiletries Market Characteristics
The toiletries manufacturing market consists of the sales of toiletries by entities (organizations, sole traders or partnerships) that prepare, blend, compound, and package toilet preparations, such as perfumes, shaving preparations, hair preparations, face creams, lotions (including sunscreens), and other petroleum based cosmetic preparations.
Competitive Landscape of the Toiletries Market
Major players in the global Toiletries Manufacturing market include Reckitt Benckiser Group, Unilever, Henkel AG & Co, Beiersdorf AG, XX.
Toiletries Market Size
The toiletries manufacturing market size is expected to reach $400 billion by 2022, significantly growing at a CAGR of around 9% during the forecast period. The growth in the Toiletries manufacturing market is due to increase in disposable income, growing trends of male grooming and aging population.
However, the market for Toiletries manufacturing is expected to face certain restraints from several factors such as rising competition and legal challenges.
Toiletries Market Segmentation
The global toiletries market is further segmented based on type and geography.
By Type - The toiletries manufacturing market is segmented into lotions (including sunscreens), hair preparations, face creams, perfumes, shaving preparations, other cosmetic Preparations among these segments, the lotions market accounts for the largest share in the global toiletries manufacturing market.
By Geography - The global toiletries manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global toiletries market.
Trends in the Toiletries Market
The demand for products with halal certified ingredients is growing. Various chemical companies are manufacturing products which comply with international halal standard HAS 23000. For example chemical company BASF announced that 145 of its products for personal care comply with international halal standard HAS 23000.
Potential Opportunities in the Toiletries Market
With increase in emerging market, and increase in innovation the scope and potential for the global toiletries manufacturing market is expected to significantly rise in the forecast period.