The Mineral Cosmetics by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mineral Cosmetics, The mineral cosmetics market size has grown strongly in recent years. It will grow from $3.07 billion in 2023 to $3.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased health consciousness among both men and women, increased emphasis on mineral cosmetic products, increased use of natural ingredients, influence of celebrity endorsements and makeup trends, growth in popularity of cruelty-free and vegan beauty products.
The mineral cosmetics market size is expected to see strong growth in the next few years. It will grow to $4.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising consciousness about the looks and appearance of both males and females, growing demand for multi-functioning beauty products, growing disposable incomes among the worldwide population, changing consumer tastes and preferences, increased demand for sustainable and eco-friendly products. Major trends in the forecast period include technological advancements in mineral extraction and processing, inclusion of skincare benefits in mineral makeup formulations, adoption of clean beauty standards in mineral cosmetics, use of innovative packaging materials for sustainability, collaboration between beauty brands and influencers.
The increasing preference for organic and natural beauty products is expected to propel the mineral cosmetics market going forward. Organic beauty products are manufactured from plant-based materials that are grown without the use of fertilizers or pesticides. They do not contain genetically engineered substances and are free of petrochemicals. The use of organic and natural beauty products is increasing due to their advantages, such as being safe for the skin, nutrition-rich, more effective, and sustainable. For example, according to annual Organic Beauty and Wellbeing Market report, by Soil Association, in 2021, the sales of Soil Association certified organic and natural beauty and wellbeing products in UK grew by 15%, reaching €164 million (USD170 million). Therefore, an increasing preference for organic and natural beauty products is driving the demand for the mineral cosmetics market.
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The mineral cosmetics market covered in this report is segmented –
1) By Mineral Type: Iron Oxides, Zinc Oxide, Mica Powders, Titanium Dioxide, Organic Oils, Other Minerals Type
2) By Product: Face Products, Lip Products, Eye Products, Other Product Types
3) By Distribution Channel: Offline, Online
Product innovation has emerged as the key trend gaining popularity in the mineral cosmetics market. Major players operating in the mineral cosmetics sector are focused on developing innovative products to strengthen their market position. For instance, in December 2021, Beraca, a Brazil-based manufacturer of natural and organic ingredients launched Berashades, a five-shade palette of naturally colored clays for use in cosmetics. Ivory, Beige, Bronze, Caramel, and Ebony are among the five naturally colored clays available for mineral cosmetics. These five hues allow for the creation of over 3,000 color combinations that are tailored to different skin tones. The Berashades palette’s colors adhere to vegan promises, provide good coverage, provide a more natural appearance and matte effect, and have consistent color thanks to the micronization process.
The mineral cosmetics market report table of contents includes:
1. Executive Summary
2. Mineral Cosmetics Market Characteristics
3. Mineral Cosmetics Market Trends And Strategies
4. Mineral Cosmetics Market – Macro Economic Scenario
5. Global Mineral Cosmetics Market Size and Growth
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31. Global Mineral Cosmetics Market Competitive Benchmarking
32. Global Mineral Cosmetics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Mineral Cosmetics Market
34. Mineral Cosmetics Market Future Outlook and Potential Analysis
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