Mineral Cosmetics Market Size Expected to Reach $2,916.4 Million by 2026

As per the report published by Allied Market Research, the global mineral cosmetics market accounted for $2.1 billion in 2018 and is anticipated to reach $2.92 billion by 2026, growing at a CAGR of 4.7% from 2019 to 2026.

Surge in awareness toward the benefits of natural cosmetics and rise in the internet penetration and availability of smart gadgets drive the growth of the global mineral cosmetics market. However, high price of mineral cosmetic products and lack of awareness in underdeveloped countries hamper the market growth. On the contrary, change in consumer preference for cost-effective mineral products is expected to create lucrative opportunities for the market players in the future.

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The lips cosmetics segment accounted for the highest share in the mineral cosmetics industry in 2019. This is attributed to attention and sensitivity to formulation detail, considering the specific concerns and needs of reactive customers. This segment captured the maximum share of 43.5% in 2019. This segment is also estimated to witness a healthy mineral cosmetics market growth in the future.

The face cosmetics segment is estimated to be the fastest growing sector in the product type segment during the forecast period. Mineral facial cosmetics are products that are used to color and highlight facial features. They can either directly add or alter color or can be applied over a foundation that serves to make the color even and smooth. The rising trend among women regarding appearance modification, and attractiveness worldwide is anticipated to drive the mineral cosmetics market in future during the forecast period.

In 2019, by distribution channel, the retail distribution acquired the maximum market share of around 45.1%. This is due to the large presence of retailers and retailing stores all around the world.

The e-commerce segment is anticipated to grow with the highest CAGR of 6.7% during the forecast period (2019-2026).

Since, synthetic makeup products contain preservatives and other harsh chemicals, it is associated with side effects that may cause hormonal disruptions and irritation. Hence, consumers are seeking natural and effective ways to address such problems. Mineral cosmetics protect the skin from harsh free radicals and these products are also eco-friendly. Therefore, the growing awareness about the benefits of mineral cosmetics is anticipated to boost the market's growth.

Based on region, Asia-Pacific is expected to witness the highest growth rate of 5.4% during the forecast period, owing to growth in consciousness toward maintaining one's personal appearance, change in lifestyle, and a considerable increase in disposable incomes.

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Key Findings of the Mineral Cosmetics Market:

Based on region, Asia-Pacific is anticipated to lead the mineral cosmetics market in 2026, growing at a CAGR of 5.4%, in terms of value.

Based on product type, the lips segment occupied nearly 43.0% of the mineral cosmetics market share in 2019.

Based on distribution channel, the retail distribution segment dominated the overall mineral cosmetics market in 2019 and is expected to grow at a CAGR of 5.1% during the forecast period.

By 2026, the e-commerce segment is anticipated to grow at the highest CAGR of 6.7% owing to the increasing mineral cosmetics market trends.

The major companies profiled in the report include are Glo Skin Beauty, L'Oreal, Mineralissima mineral makeup, REVLON, Shiseido, Clariant, ECKART, Merck, BASF, Neelikon.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.