Press release
Mineral Cosmetics Market Key Trends And Forecast Report 2024-2033
Mineral Cosmetics Market
The mineral cosmetics market size is expected to see strong growth in the next few years. It will grow to $4.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rising consciousness about the looks and appearance of both males and females, growing demand for multi-functioning beauty products, growing disposable incomes among the worldwide population, changing consumer tastes and preferences, increased demand for sustainable and eco-friendly products. Major trends in the forecast period include technological advancements in mineral extraction and processing, inclusion of skincare benefits in mineral makeup formulations, adoption of clean beauty standards in mineral cosmetics, use of innovative packaging materials for sustainability, collaboration between beauty brands and influencers.
Market Overview -
Mineral cosmetics refer to a type of face makeup that is composed of compressed minerals such as iron oxides, zinc oxides, titanium oxides, and organic oils. Some of the advantages of mineral cosmetics are that they soothe sensitive skin, are used for oily skin types, and any other skin types that are prone to congestion or acne.
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Rising Preference For Organic And Natural Beauty Products Boosts Mineral Cosmetics Market
The increasing preference for organic and natural beauty products is expected to propel the mineral cosmetics market going forward. Organic beauty products are manufactured from plant-based materials that are grown without the use of fertilizers or pesticides. They do not contain genetically engineered substances and are free of petrochemicals. The use of organic and natural beauty products is increasing due to their advantages, such as being safe for the skin, nutrition-rich, more effective, and sustainable. For example, according to annual Organic Beauty and Wellbeing Market report, by Soil Association, in 2021, the sales of Soil Association certified organic and natural beauty and wellbeing products in UK grew by 15%, reaching €164 million (USD170 million). Therefore, an increasing preference for organic and natural beauty products is driving the demand for the mineral cosmetics market.
Competitive Landscape -
Major companies operating in the mineral cosmetics market report are Glo Skin Beauty, L'Oréal SA, Mineralissima Cosmetics BV, Revlon Inc., Shiseido Company Limited, Clariant AG, ECKART GmbH, Merck & Co. Inc., BASF SE, Neelikon Food Dyes & Chemicals Ltd., Estée Lauder Companies Inc., Nardo's Naturals Inc., National Mineral Development Corporation, Lady Burd Cosmetics Inc., Radical Cosmetics LLC, Audrey Morris Cosmetics International, MANA Products Inc., Pinnacle Cosmetic Packaging Llc, Avon Products Inc., Procter & Gamble Company, Unilever plc, Oriflame Holding AG, Kao Corporation, Bare Escentuals Beauty Inc., Colorescience Inc., Youngblood Mineral Cosmetics LLC, Pacifica Beauty LLC, RMS Beauty LLC, W3LL People Inc., Au Naturale Cosmetics Inc., Inika Organic Pty Ltd.
Product Innovation Drives Mineral Cosmetics Market Growth
Product innovation has emerged as the key trend gaining popularity in the mineral cosmetics market. Major players operating in the mineral cosmetics sector are focused on developing innovative products to strengthen their market position. For instance, in December 2021, Beraca, a Brazil-based manufacturer of natural and organic ingredients launched Berashades, a five-shade palette of naturally colored clays for use in cosmetics. Ivory, Beige, Bronze, Caramel, and Ebony are among the five naturally colored clays available for mineral cosmetics. These five hues allow for the creation of over 3,000 color combinations that are tailored to different skin tones. The Berashades palette's colors adhere to vegan promises, provide good coverage, provide a more natural appearance and matte effect, and have consistent color thanks to the micronization process.
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Key Segments -
The mineral cosmetics market covered in this report is segmented -
1) By Mineral Type: Iron Oxides, Zinc Oxide, Mica Powders, Titanium Dioxide, Organic Oils, Other Minerals Type
2) By Product: Face Products, Lip Products, Eye Products, Other Product Types
3) By Distribution Channel: Offline, Online
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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