Press release
Waterless Beauty Market is Expected to Surpass a Valuation of US$ 8.9 Bn in 2031
Waterless Cosmetics Market
The study tracks sales of carpet and flooring in more than 20 countries and provides a clear forecast of how growth will proceed.
The study shows that sustainability has moved from being an afterthought to being at the forefront as a large number of carbon-conscious consumers demand goods that are in line with issues they care about.
For designers, architects, and the clients they create for, sustainability is unquestionably important. When flooring and carpet are chosen for further design, it indicates that the companies are already working toward sustainability due to the minimal waste that is produced during installation.
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Over 37% of market sales are for skincare items, a particular product category. Creams, lotions, serums, cleansers, and other items that are waterless are included in this category. In the upcoming years, it is anticipated that the growing demand for natural and organic beauty would propel the market for waterless 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 beauty 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)
Region:
North America
Latin America
Europe
East Asia
South Asia
Middle East and Africa (MEA)
Oceania
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About Future Market Insights (FMI)
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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