The new report by Expert Market Research titled, ‘Global Colour Cosmetics Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global colour cosmetics market, assessing the market based on its segments like target markets, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Colour Cosmetics Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 8.3 Billion
• Forecast CAGR (2023-2028): 7.5%
• Forecast Market Size (2027): USD 12.8 Billion
The rising demand for personal care and cosmetic product owing to the rising living standards, increasing inclination towards beauty and hygiene, and rapid urbanisation is driving the market. The market is anticipated to be bolstered by the growing popularity of cosmetic brands among the female population. The increasing concerns about the sink damage caused by the rising air pollution and increasing global temperature are also likely to catapult the demand for facial care product in the forecast period.
In terms of region, the Asia Pacific region accounts for significant share in the market owing to the presence of high population base in countries like India and China. The market growth in the region will further be propelled by the robust development of manufacturing plants of the major beauty and personal care brands.
Colour Cosmetics Industry Definition and Major Segments
Colour cosmetics are the colourants which are added to various beauty and maintenance products which have been designed to provide fresh and healthy appearance to the body. Colour cosmetics contain various chemicals which impart aroma to the body and bolster the health of the skin. Colour cosmetics, apart from beautifying the physical appearance, also provide skin radiance, hydration, and protection from UV rays.
On the basis of target market, colour cosmetics can be bifurcated into:
• Mass Product
• Prestige Product
Based on application, the market has been segmented into:
• Facial Make-up
• Lip Product
• Eye Make-up
• Nail Product
The regional markets for colour cosmetics include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Colour Cosmetics Market Trends
The key trends in the ketone market include the increasing sales of colour cosmetic products via online platforms, coupled with the rapid investments in the digital marketing of high-quality skin and hair care products by the major market players. The growing R&D activities and investments by the popular beauty brands to design products specifically are also adding to the market growth.
Moreover, the rapid development of beauty stores owing to the rising consumer base is anticipated to be another key trend in the market. The market growth will further be aided by the rising demand for organic personal care products owing to the rising concerns pertaining to animal welfare. Hence, these developments are likely to offer lucrative opportunities to the market in the coming years.
Key Market Players
The major players in the market are:
- Unilever N.V
- L’Oréal Group
- Avon Products, Inc
- The Este Lauder Companies Inc
- Shiseido Co. Ltd
- Chantecaille Beauté
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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