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Lucintel estimates global personal care products industry to reach $630 billion by 2017
Irving, Texas (PRWEB) November 18, 2012
The global personal care products industry witnessed good growth during 2006-2011; however, during 2012-2017 the market is expected to witness moderate growth, reaching approximately $630 billion by 2017. Increasing demand in Asia Pacific (APAC) and Europe driven by rising GDP and improving living standards is expected to drive industry growth.
Lucintel, a leading global management consulting and market research firm, has analyzed the global personal care products industry and offers its findings in its comprehensive research report, “Global Personal Care Products Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
This report is geographically segmented in four regions: North America, Europe, APAC, and Rest of the World (ROW). During 2006-2011, North America emerged as the fastest-growing region while Europe dominated the industry with the highest market share. APAC is forecast to witness the highest growth over 2012-2017.
Lucintel has identified that maintaining good quality, rise in packaging expenses, and increasing cost of raw materials are the major industry growth challengers. Maintaining the balance between price and quality is the largest challenge for the industry. Increase in disposable income and consumer spending, increasing population, greater product awareness, and rise in organized retail are the drivers providing the industry with competitive advantage.
This market research report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, the useful information this market report contains can be crucial. This Lucintel research report provides excellent understanding of recent industry scope and overview, global macroeconomic overview, relative market attractiveness by region, annual industry trend, emerging trends, industry forecasts, Porter's Five Forces Analysis, competitive landscape, and profitability trend and analysis of the major industry players. The key insights sections portray beneficial information on an industry segment's growth and regional growth trends.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services Target Screening/ Merger & Acquisition that facilitate critical decisions with greater speed, insight, and cost efficiency.
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