Goigi

Beauty and Personal Care

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Industry Overview:

Globally, e-commerce accounted for only 4% of oral care sales in 2014, the share jumped to 11% in 2019 and now stands at 18% in 2023, as the largest brands continue to expand online.

The global Beauty and Personal Care (BPC) market is projected to be sized at US$ 660 Bn+ with $2.2-2.7 Tn market cap. by 2027

Ecommerce global market size

United States is expected to generate a revenue of $100.30bn in the Beauty & Personal Care market in 2024 at a CAGR of 2.4% during 2024-2028; personal care being the largest market

  • By 2024, online sales are estimated to contribute 27.9% of the total revenue in the Beauty & Personal Care market.
  • The United States is experiencing a surge in demand for clean and sustainable beauty products
Beauty and personal care market size Ecommerce fastest growing BPC region in USA

1. Industry Overview

2. Executive Summary

3. Industry Overview – Global (1/2)

  • 3.1. Retail Value Sales (2021) Constant % Growth
  • 3.2. Fastest Growing BPC Categories

4. Industry Overview – Global (2/2)

  • 4.1. Projected growth rates (CAGRs) 2022-27P
  • 4.2. Avg. gross margins (as of 2021)

5. Industry Overview - USA

  • 5.1. Revenue, by segment
  • 5.2. Global Beauty Market Retail Sales, by category (in $billion)

6. Consumer Behaviour

  • 6.1. Need ‘made for them’ products
  • 6.2. Exploring various shopping avenues
  • 6.3. Willing to pay premium for what works

7. Primary BPC Models

  • 7.1. Pure-play BPC players (global)
  • 7.2. FMCG-led BPC players (global)

8. The specialized and effective products results in higher pricing power

9. Pure-play companies are spending more money across a variety of platforms in an effort to reach customers where they are

  • 9.1. Offline channels
  • 9.2. E-commerce
  • 9.3. D2C
  • 9.4. Live Commerce
  • 9.5. VR/AR Stores

10. They have superior online engagement and brand salience, resulting in higher online revenue contribution

  • 10.1. Social media engagement1 # in Mn, As of August 2023
  • 10.2. Google search trends 2004-23
  • 10.3. % revenue contribution of online channels

11. Leads to better valuations

12. Regional Insights - US

  • 12.1. Brand (Home Market)
  • 12.2. Company
  • 12.3. YoY E-commerce Sales Growth %

13. Regional Insights - India

14. India is the fastest growing BPC market among the large economies

15. In line with global trends, Indian pure-play BPC brands are disrupting the market, growing 2x+ as fast as the FMCG-led players

16. Competitor Analysis (1/2) – Nykaa and Honasa (Parent Company of ‘Mamaearth’)

  • 16.1. Ecommerce penetration (as % of overall retail) by country %, 2022

17. Competitor Analysis (1/2) – Loreal, Nykaa and Honasa

18. Multiple brands & products with low differentiation along with lack of proper guidance are some of the key pain points

19. Customer Segmentation

20. Consumer Behaviour (1/2)

21. Consumer Behaviour (2/2)

22. Distribution Channel

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