Mineral Cosmetics Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

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Overview and Scope
Mineral cosmetics refer to a type of face makeup that is composed of compressed minerals such as iron oxides, zinc oxides, titanium oxides, and organic oils. Some of the advantages of mineral cosmetics are that they soothe sensitive skin, are used for oily skin types, and any other skin types that are prone to congestion or acne.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

North America was the largest region in the mineral cosmetics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mineral cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the mineral cosmetics market report are Glo Skin Beauty, L’Oréal SA, Mineralissima Cosmetics BV, Revlon Inc., Shiseido Company Limited, Clariant AG, ECKART GmbH, Merck & Co. Inc., BASF SE, Neelikon Food Dyes & Chemicals Ltd., Estée Lauder Companies Inc., Nardo’s Naturals Inc., National Mineral Development Corporation, Lady Burd Cosmetics Inc., Radical Cosmetics LLC, Audrey Morris Cosmetics International, MANA Products Inc., Pinnacle Cosmetic Packaging Llc, Avon Products Inc., Procter & Gamble Company, Unilever plc, Oriflame Holding AG, Kao Corporation, Bare Escentuals Beauty Inc., Colorescience Inc., Youngblood Mineral Cosmetics LLC, Pacifica Beauty LLC, RMS Beauty LLC, W3LL People Inc., Au Naturale Cosmetics Inc., Inika Organic Pty Ltd.

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 Impact Of COVID-19
5. Mineral Cosmetics Market Size And Growth
6. Mineral Cosmetics Segmentation
7.Mineral Cosmetics Regional And Country Analysis
27. Mineral CosmeticsCompetitive Landscape And Company Profiles
28.Mineral Cosmetics Key Mergers And Acquisitions
29. Mineral Cosmetics Future Outlook and Potential Analysis

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