Color Cosmetics Market Showcases Promising Growth Forecast || key Players- L’Oreal Group, Coty Inc., Krylon, Estee Lauder Companies Inc., Avon Products, Inc., etc

Increasing inclination of women towards aesthetic appeal is one of the major driver for growth of color cosmetics market. Furthermore, new product launches such as new double wear foundation in 2017, increasing retail presence such as launch of new Sephora stores in Indian market are some of the factors playing a key role in the market.

Color cosmetics are a mixture of chemicals that are used to enhance the appearance or divulging an aroma to the human body. The color cosmetics market is expected to witness growth, owing to increasing nail care segment.

The color cosmetics market was valued at US$ 62.36 billion in 2016 and is expected to expand at a CAGR of 4.22%, in terms of revenue, over the forecast period (2017 – 2025).

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Asia Pacific is the dominant region in the global color cosmetics market and was valued at US$ 18.40 Bn in 2016. China is leading market in this region, owing to increasing prevalence of western culture and demand for branded products. In 2016, L’Oreal led the color cosmetics market in China owing to its high brand presence and extensive distribution network. India stands to be another important market for color cosmetics owing to growing demand from tier 2 and tier 3 cities. Owing to the stiff competition and market maturity, retailers are increasing their presence to tier 2 and tier 3 cities to gain market presence.

Europe is expected to be the second largest market for color cosmetics in terms of revenue over the forecast period. Economies such as U.K., Germany, and France are major region for market.
Major Players in Global Color Cosmetics Market:
Some of the key players operating in the global color cosmetics market include L’Oreal Group, Coty Inc., Krylon, Estee Lauder Companies Inc., Avon Products, Inc., Johnson & Johnson, Revlon, and Beiersdorf.

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