The Waterless 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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to The Business Research Company’s Waterless Cosmetics, The waterless cosmetics market size has grown rapidly in recent years. It will grow from $9.45 billion in 2023 to $10.68 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing awareness of water scarcity, demand for eco-friendly and sustainable beauty products, consumer preference for convenience in cosmetics, rise in environmentally conscious consumer behavior, growing demand for new beauty trends.
The waterless cosmetics market size is expected to see rapid growth in the next few years. It will grow to $17.11 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to growing focus on reducing carbon footprint, adoption of waterless beauty products in emerging markets, emphasis on long shelf life and stability in waterless formulations, regulatory support for sustainable and waterless cosmetic practices, increasing demand for premium cosmetics products due to rising disposable income. Major trends in the forecast period include innovation in packaging for waterless cosmetic products, advances in formulation technologies for waterless products, consumer education on the environmental benefits of waterless cosmetics, customization of waterless beauty products for diverse skin types.
Rising demand for chemical-free cosmetics is expected to propel the growth of the waterless cosmetics market going forward. Chemical-free is a term used in marketing to mean that a product is safe, healthy, or environmentally friendly because it contains only natural ingredients. Clean products or chemical-free cosmetics are those that are environment-friendly, notable for their ingredients, and free of parabens, phthalates, sulfates, and more. For instance, according to Mint, a financial daily newspaper, in March 2021, Lotus Herbals, an Indian-based cosmetics manufacturer, announced its entry into the clean beauty category with Lotus Botanicals, which will have a range of chemical-free skin and hair care products. The company said the chemical-free cosmetics or the organic beauty market size is expected to grow to $54 billion by 2027. Therefore, the rising demand for chemical-free cosmetics is driving the growth of the waterless cosmetics market.
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The waterless cosmetics market covered in this report is segmented –
1) By Type: Skincare, Haircare, Makeup, Other Types
2) By Price Range: Economy, Mid-Range, Premium
3) By Customer Orientation: Men, Women, Unisex
4) By Distribution Channel: Online Retailers, Speciality Stores, Hypermarkets/Supermarkets, Other Distribution Channels
The rise in technological advancement is a key trend gaining popularity in the waterless cosmetics market. Major companies operating in the waterless cosmetics sector are focused on new technological innovations to gain a competitive advantage. For instance, in January 2021, L’Oréal, a France-based personal care company, launched Perso, an (artificial intelligence) AI-powered device that formulates and dispenses personalized skincare, lipstick, and foundation. The Perso app processes user skin condition data via uploaded selfies, environmental conditions via location data, and user-entered skin care concerns and outputs custom formulas via the device.
The waterless cosmetics market report table of contents includes:
1. Executive Summary
2. Waterless Cosmetics Market Characteristics
3. Waterless Cosmetics Market Trends And Strategies
4. Waterless Cosmetics Market – Macro Economic Scenario
5. Global Waterless Cosmetics Market Size and Growth
…….
31. Global Waterless Cosmetics Market Competitive Benchmarking
32. Global Waterless Cosmetics Market Competitive
34. Waterless Cosmetics Market Future Outlook and Potential Analysis
35. Appendix
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