The global Color Cosmetics market size is likely to attain over USD 117.9 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 7.7% during the forecast years 2021-2028. Color cosmetics are a group of substances intended to improve the look or scent of the human body. Color cosmetics industry development is being driven by rising concerns about appearance and rising disposable income in emerging nations like as India, Brazil, and Indonesia. Furthermore, the industry is being driven by the numerous advantages of colour cosmetics goods, such as anti-aging and anti-tan.
The growing number of working people throughout the world is boosting spending capacity on cosmetic goods, which in turn is raising sales of high-quality cosmetic products. As a result, discretionary income is directly related to overall spending on colour cosmetics. Product availability and retail shelf space are essential in driving demand for personal care products in the personal care industry.
Because of the availability of snail secretions, pearl powder, and starfish extract, the South Korean colour cosmetics industry is expected to be a lucrative market for producers in the near future. Natural components such as powdered bamboo, seaweed, venom, and Tremella mushrooms are popular in South Korean colour cosmetics and skincare products. Color cosmetics created from the aforementioned natural components are referred to as K-Beauty, which has seen tremendous growth in recent years.
Focusing on product origin and quality appears to be major winning imperatives for an increasing number of colour cosmetics makers and manufacturers. These are the elements that open up possibilities for colour cosmetics innovation. The trend is bolstered by end-user demand for ecologically friendly industrial methods with low carbon footprints. In recent years, there has been a backlash against product companies whose components are of doubtful quality.
New products in the colour cosmetics industry with lofty promises and substantial stated advantages, particularly in the skin care and ageing categories. The significant gains made by the entertainment sector pushed colour cosmetics to the forefront for global customers, mostly women, who wanted to profit from this wave of beauty companies. Several beauty trends on social media sites have highlighted these advancements.
Prominent players operating in the global Color Cosmetics market are L'Oréal S.A, Unilever, Estée Lauder Inc., Avon Products, Inc., Shiseido Company Limited, Coty Inc., Revlon, Inc., CHANTECAILLE BEAUTÉ, KRYOLAN, CIATÉ and many more.
Segment Overview of Global Color Cosmetics Market
Product Overview, 2019-2028 (USD Million)
- Nail Products
- Lip Products
- Eye Products
- Facial Products
- Hair Products
Distribution Channel Overview, 2019-2028 (USD Million)
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America