The Global Colour Cosmetics Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Colour Cosmetics Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Colour Cosmetics Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
According to Fortune Business Insights the global color cosmetics market size was valued at USD 77.73 billion in 2023 and is projected to grow from USD 82.16 billion in 2024 to USD 128.11 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.
List of the Key Players in the Colour Cosmetics Market:
- L'Oréal S.A (France)
- Unilever (U.K.)
- Avon Products Inc. (U.K.)
- Estée Lauder Inc (U.S.)
- Shiseido Company, Limited (Japan)
- Revlon, Inc. (U.S.)
- Coty Inc. (U.S.)
- Amway (U.S.)
- KRYOLAN (Germany)
- CIATÉ (U.K.)
- CHANEL (France)
Segmentations:
Prestige Products Segment to Record Notable Surge Owing to Rising Luxurious Goods Demand
On the basis of target market, the market for color cosmetics is segmented into mass products and prestige products. The prestige products segment accounted for a dominating share in the market and is expected to depict substantial growth throughout the forecast period. The expansion is due to the rising awareness among consumers regarding the usage of quality products on the face and body.
Offline Segment to Gain Traction Impelled by Soaring E-Commerce Sector
By distribution, the market is segregated into online and offline. The offline segment is estimated to surge at a considerable pace over the estimated period. The rise is driven by the growing consumer preference for purchase through the demo of the product.
Face Products Segment to Depict Appreciable Upsurge Impelled by Surging Consumer Awareness Regarding Beauty Trends
Based on application, the market is fragmented into hair products, nail products, lip products, face products, and others. The face products segment is expected to register considerable expansion throughout the forecast period. The surge is due to the growing trend for face beautification.
Drivers and Restraints:
Industry Share to Surge Due to Rising Inclination Toward Organic Cosmetic Products
One of the key factors propelling the color cosmetics market growth is the rising consumer inclination toward the purchase of organic cosmetic products. Additional factor favoring industry expansion is the soaring importance of using chemical-free cosmetic products and surging disposable income in emerging and developing markets.
However, the industry expansion could be restrained by the growing awareness regarding the protection and preservation of the environment.
Regional Insights:
Asia Pacific to Lead Impelled by Growing Skin Care Products Demand
The Asia Pacific color cosmetics market share is expected to register substantial growth over the estimated period. The expansion is driven by the escalating demand for skin care products from countries such as India, Japan, and China.
The North America market is poised to depict appreciable growth throughout the study period. The escalation is driven by the high disposable income and rapid technological advancement.
Competitive Landscape:
Leading Companies Enter into Collaborations to Expand Product Reach
Major players are focused on the adoption of a range of strategic initiatives for strengthening their industry positions. Some of these steps include acquisitions, collaborations, and merger agreements. Additional initiatives comprise an increase in R&D activities and the rollout of new products.
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