COFFEE BEAUTY PRODUCTS MARKET ANALYSIS
Asia Pacific is expected to hold a significant market share in the global coffee beauty products market during forecast period, owing to increasing beauty and personal care industry in the emerging economies such as India. According to India Brand Equity Foundation (IBEF) report, published in January 2018, the beauty, cosmetics, and grooming market in India accounted to US$ 6.5 billion in 2017, and is expected to reach US$ 20 billion by 2025. Therefore, growing beauty products industry in Asia Pacific is expected to drive growth of the coffee beauty products market globally.
Figure 1. Global Coffee Beauty Products Market Share, By Region, 2017
Source: Coherent Market Insights, 2017-18
Europe is the fastest growing region and held significant share in the global coffee beauty products market in 2017, owing to growing cosmetics industry in the region. According to annual report 2016 of Cosmetics Europe, Europe is the world’s foremost producer of cosmetics and personal care products globally, accounting for US$ 87.38 billion out of the total US$ 295.05 billion in the global market in 2016, whereas the U.S. accounted for US$ 72.63 billion and China accounted for US$ 46.53 billion.
Figure 2. Global Coffee Beauty Products Market Share, By Product Type, 2017
Source: Coherent Market Insights, 2017-18
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