Colour Cosmetics Market Grow At 5% CAGR Between 2021 - 2031

Future Market Insights (FMI) projects the color cosmetics market size to expand at 5% CAGR between 2021 and 2031. The demand for color cosmetics is expected to grow by 2% in 2021, reaching a market valuation of nearly US$ 50 Bn.

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Growing demand for natural and organic cosmetics products will augment the sales of color cosmetics over the forecast period. On account of this, the market is expected to grow at 4.5% in terms of volume through 2031.
As per the study, color cosmetics market accounted for around 15% - 20% of total sales in the beauty industry in 2020. FMI also forecasts the sales of natural and organic color cosmetics to surge at above 6% CAGR in the coming years, giving tailwinds to the color cosmetics market growth through the assessment period.

Competitive Landscape
As per FMI, top players are expected to account for over 30%-35% of global market share in 2021. Presence of numerous leading players in the market have led to intense competition. In order to gain competitive edge, key players are collaborating with social media influencers and e-commerce giants.

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Also, some of the manufacturers are introducing new products under the clean-label category in order to capitalize on surging demand for organic and natural color cosmetic products. They are also investing in research and development activities to develop products with extended shelf-life.
Some of the key players profiled by Future Market Insights are L’Oréal SA, LVMH (Moet Hennessey Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel S.A., Coty Inc., Mary Kay Cosmetics, Amway Cosmetics, Kose Corporation, and Others.

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By segment:
Product Type:
• Chemical
• Natural & Organic
Distribution Channel:
• Hypermarket/ Supermarket
• Convenience Store
• Specialty Store
• Direct Selling
• e-Commerce
Price:
• Economic
• Premium
Product Category:
• Nail Products
• Facial Makeup
• Eye Makeup
• Lip Products
• Hair Colour Products
• Special Effects Products
Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East & Africa
• Japan

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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