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Color Cosmetics Market Global Opportunity Analysis and Industry Forecast | Market Reach to USD 73.85 Bn by 2028 at CAGR 6.30| Report Study By IMR
Global Color Cosmetics Market was valued at USD 48.15 billion in 2021 and is expected to reach USD 73.85 billion by the year 2028, at a CAGR of 6.30%.
Color cosmetics is a term that bound different categories of makeup products designed for skin and cheeks to lips and eyes. Makeup has been used for centuries to enhance the overall look, conceal flaws or enhance features. Applying color cosmetics can help improve mental well-being by empowering consumers and boosting self-confidence. Consumers love experimenting with color, whether for personal expression, highlighting natural beauty, or disguising perceived imperfections. Color cosmetics are makeup products including foundation, eye shadow, lipstick, blush, and many more.
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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
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Market Dynamics:
Driver:
The increasing demand for color cosmetics is more inclined toward women. Women are more fascinated in relation to the variety of cosmetic products. There are several brands and their variety of products for skin, eyes, and lips are available in the market. These products are attracting women to consume and buy more. This factor also results in the manufacturers of cosmetics launching more variety of products, this rise in demand for cosmetics in women and their disposable income ultimately rise the demand for cosmetic products in the market.
Opportunities:
There are a wide number of opportunities for consumers to go towards organic cosmetic products, which provide growth of the market in the future. The growing attraction towards organic products is getting high day by day. Organic cosmetic is preferred by people, as it does not have side effects. People are more conscious of their skin nowadays and majorly prefer products that are chemical-free. The demand for Organic products is rising, these products are made from natural sources. Organic product has both natural and beneficial ingredient that will drive the market in the future.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help
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Market Segmentation
Segmentation Analysis of Color Cosmetics Market:
Depending on Market Type, the color cosmetics market is segmented into prestige products and mass products. The prestige product segment is expected to dominate the market attributed to the rising awareness among consumers about the authenticity of beauty products that are to be used on the body and face.
Depending on Application, the facial make-up segment is estimated to have the highest share in the market. The growing consumer awareness to conceal aging lines, mask dark circles, and enhance facial looks is propelling the high consumption of facial-up products.
Depending upon Distribution, the color cosmetic market is segmented into Online and Offline distribution channels. The offline segment is forecasted to dominate the market attributed to consumer preferences to purchase skincare products in retail stores.
By Type
• Prestige Product
• Mass Product
By Application
• Nail Product
• Hair Product
• Lip Product
• Eye Make-up
• Facial Make-up
• Others
By Distribution Channels
• Online
• Offline
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Regional Analysis of Color Cosmetics Market:
Asia-Pacific region is anticipated to dominate the color cosmetics market growth in the period of forecast. Rising disposable income, rising awareness about physical appearance, and fashion trends are the major factors promoting the color cosmetics market growth in this region.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Players Covered in Color Cosmetics Market are:
• Avon (UK)
• Cargill Incorporated (US)
• E-Retail Pvt Ltd (India)
• Purplle (India)
• Coty Operations B.V. (US)
• L'Oréal Paris (France)
• COLORBAR COSMETICS PVT LTD (India)
• Lotus Herbals Pvt Ltd (India)
• Unilever (UK)
• Revlon (US)
• Johnson & Johnson Consumer Inc (US)
• Amway Corp. (US)
• ACME Cosmetic Components (US) and other major players.
Key Industry Developments in Color Cosmetics Market
In May 2021, Avon launched ANEW Hydra Pro Vita-D, a water cream to provide up to 72 hours of hydration. It is formulated with the power of Vitamin-D which helps in maintaining skin hydration. ANEW Hydra Pro Vita-D helps in activating Vitamin-D in surface skin cells and strengthens the surface skin barrier and addresses uneven skin tone, noticeable skin lines, and dull-looking skin.
In October 2020, Cargill has announced that it is going to acquire Floratech, a leading global supplier of innovative natural raw materials for beauty and personal care products. With this acquisition, Cargill is expected to increase its beauty business and offer innovative nature-based beauty products for its customers worldwide.
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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