M2 PRESSWIRE-July 10, 2020-: Goat Milk Cosmetics Market Size to Reach Revenues of over $5 Billion by 2025 - Arizton
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In-depth analysis and data-driven insights on the impact of COVID-19 included in this global goat milk cosmetics market report.
The goat milk cosmetics market is expected to grow at a CAGR of over 7% during the period 2019-2025.
Key Highlights Offered in the Report: *By 2025, goat milk skin care is expected to generate the highest absolute growth of revenue of around $519 million. *Although specialty stores remained the dominating distribution channel in the goat milk cosmetics market, the online channels are projected to grow at a CAGR of over 9%, the fastest channel compared to the other distribution channels. *Bathing accessories forms the largest share of the market globally in 2019, accounting for more than 30% of the market share. *China which accounted for the largest market for goat milk cosmetics in APAC in 2019, is expected to generate an additional revenue of over $311 million by 2025. *Skincare products dominate the market in Latin America however, hair care is the high potential segment and is expected to grow at a CAGR of over 8% during the forecast period. *North America generated over 34% of the global revenue for goat milk hair care products in 2019.
Key Offerings: *Market Size & Forecast by Revenue | 2019-2025 *Market Dynamics - Leading trends, growth drivers, restraints, and investment opportunities *Market Segmentation - A detailed analysis by product type, distribution, and geography *Competitive Landscape - 25 key vendors are profiled
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Goat milk cosmetics constitute a niche but important segment in the global cosmetics market. Although the market concentration is gradually increasing with the increasing number of small brands entering the market, major global cosmetic brands are yet to capture share in the market. Consumers are investing in premium skincare products, which do not contain harmful chemical ingredients. Indigenous brands are thus increasingly entering the market with several natural ingredients, which are claimed to have therapeutic properties. These products are able to attract greater consumer attention. Hence, the awareness of goat milk cosmetics is rapidly growing. Goat milk contains high protein and fat content. It also contains Alpha-Hydroxy Acid (AHA), which can improve the appearance of surface lines and wrinkles, prevent acne breakouts, brighten your complexion, and increase product...