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Waterless Cosmetics Market to Surpass a Valuation of US$ 8.9 Bn in 2031 | FMI
Waterless Cosmetics Market
The research study examines the sales of waterless cosmetics in over 20 nations and provides a clear picture of how the burgeoning trend will develop in the future.
The study tracks flooring and carpet sales across more than 20 nations and offers a crystal-clear prediction of how growth will develop.
The study demonstrates that as a growing number of carbon-conscious consumers demand products that are in line with issues they care about, sustainability has moved from being an afterthought to being at the forefront.
Sustainability is without a doubt important for designers, architects, and the clients they create for. Due to how little waste is generated when flooring and carpet are chosen for further design, it is clear that the businesses are already pursuing sustainability.
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One particular product category, skincare products, accounts for more than 37% of market sales. This group of products consists of creams, lotions, serums, cleansers, and other waterless products. The market for waterless cosmetics is predicted to grow in the coming years due to the rising demand for natural and organic cosmetics.
Key Takeaways from the Waterless Cosmetics Market Study
Rising demand for sustainable beauty products will enable the waterless cosmetics market reach a valuation of US$ 8.9 Bn by 2021
Besides high awareness, willingness to spend on sustainable beauty formula will drive waterless cosmetics sales in the U.S., which is expected to account for nearly 80% of the North America market
Increasing demand for organic skincare will enable the U.K. market to exhibit 5.3% y-o-y growth in 2021 following a period of lull in 2020
The demand for cruelty free, vegan, and organic cosmetics will drive sales of waterless cosmetics in India
Expansion of the beauty sector in Japan and South Korea will drive sales in East Asia
Impact of COVID-19 on the Market:
Global demand for waterless cosmetics was growing at a moderate rate prior to the COVID-19 pandemic. Major international markets have experienced dual effects following the pandemic. Store closures in various regions had a significant impact on the growth of beauty products, including waterless cosmetics, as store-based retailing is a significant distribution channel in the beauty industry.
The demand for eco-friendly skincare products has increased in the aftermath of the pandemic, with stay-at-home orders and safer-at-home advisories issued across the world. Additionally, shortage of workers in the sector, less consumption, high cost of production, and shortage of raw materials among other factors have been hampering the waterless cosmetics market.
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Who is Winning?
Some of the key players present in the waterless cosmetics market are Unilever Plc., The Waterless Beauty Company, L'Oreal SA, Kao Corporation, The Procter & Gamble Company, Loli, Clensta, Ruby's Organics, Taiki USA, Ktein, Niconi, True Botanicals, Allies Group Pte. Ltd., Lavedo Cosmetics, May Coop, No Cosmetics, Azafran Innovacio006E, and Carter + Jane, among others. Players in the industry have begun to offer discounts on cosmetic brands in order to entice end users to embrace the most up-to-date waterless cosmetics.
Waterless Cosmetics Market by Category
Product Type:
Skincare
Hair Care
Cosmetics
Others
Sales Channel:
Wholesalers/Distributors
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Departmental Stores
Online Retail
Other Retail Formats
Price Range:
Economy (Below US$30)
Mid-Range (US$30 to US$60)
Premium (Above US$60)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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