Overview and Scope
Color cosmetics refer to cosmetic products that are applied to enhance or change the appearance of the skin, particularly the face, eyes, lips, and nails. These products are available in a variety of colors and formulations, including powders, creams, liquids, and are used to add color, definition, and texture to the skin.
Sizing and Forecast
The color cosmetics market size has grown strongly in recent years. It will grow from $48.08 billion in 2023 to $51.45 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to changing consumer preferences, shifts in consumer preferences towards makeup trends, rise in disposable income, increasing demand for personalized products, and the influence of celebrities and social media on beauty standards and trends.
The color cosmetics market size is expected to see strong growth in the next few years. It will grow to $68.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising acceptance of online purchasing, growing demand for clean and sustainable beauty products, the rise of eCommerce platforms, rising consumer interest in skincare-infused makeup formulations, and growing popularity of social media platforms. Major trends in the forecast period include advancement in technologies, the popularity of minimalist makeup routines and “skinimalism” trends, the expansion of vegan and cruelty-free cosmetics offerings, the increasing use of augmented reality (AR) and virtual try-on technology, and the emergence of innovative ingredient trends such as clean beauty formulations and skin-friendly makeup products.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/color-cosmetics-global-market-report
The color cosmetics market covered in this report is segmented –
1) By Product Category: Nail Products, Facial Makeup, Eye Makeup, Lip Products, Hair Color Products, Special Effects Products
2) By Prices: Economic, Premium
3) By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Direct Selling, E-Commerce
4) By Application: Nail Products, Hair Products, Lip Products, Face Products, Other Applications
North America was the largest region in the color cosmetics market in 2023. The regions covered in the color cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=15148&type=smp
Major Driver Impacting Market Growth
The growing e-commerce sector is expected to propel the growth of the color cosmetics market going forward. E-commerce, also known as electronic commerce, refers to the exchange of goods and services conducted online, involving the buying and selling processes over the Internet. The e-commerce industry is expanding due to its unmatched convenience for consumers, enabling them to make purchases from the convenience of their homes or while on the move, utilizing smartphones or tablets. Color cosmetics are extensively sold on e-commerce platforms due to their visual appeal and the convenience of online shopping. For instance, in August 2023, according to the Census Bureau, a US-based principal agency, U.S. retail e-commerce sales for the second quarter of 2023 were $277.6 billion, an increase of 2.1% (±0.9%) from the first quarter of 2023. Therefore, the growing e-commerce sector is driving the growth of the color cosmetics market.
Key Industry Players
Major companies operating in the color cosmetics market report are L’Oréal SA; Christian Dior SE; LVMH Moët Hennessy Louis Vuitton SE; Unilever PLC; The Estée Lauder Companies Inc.; Chanel International BV; Amway Corporation; Shiseido Company Limited; Natura & Co; Sephora; Coty Inc.; Amorepacific US Inc.; Mary Kay Inc.; Maybelline New York; Revlon Inc.; Yves Saint Laurent; Givenchy; Fenty Beauty by Rihanna; NYX Professional Makeup; MAC Cosmetics; Clarins Group; Mamaearth; Laura Mercier Cosmetics; Oriflame Cosmetics AG; Julep Beauty
The color cosmetics market report table of contents includes:
1. Executive Summary
2. Color Cosmetics Characteristics
3. Color Cosmetics Trends And Strategies
4. Color Cosmetics – Macro Economic Scenario
5. Global Color Cosmetics Size and Growth
…..
32. Global Color Cosmetics Competitive Benchmarking
33. Global Color Cosmetics Competitive Dashboard
34. Key Mergers And Acquisitions In The Color Cosmetics
35. Color Cosmetics Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
