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Waterless Cosmetics Market Share, New Trends, Analysis And Forecast 2033
Waterless Cosmetics Market Share
Waterless Cosmetics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.11 billion In 2028 At A CAGR Of 12.5% :
The waterless cosmetics market size has grown rapidly in recent years. It will grow from $9.45 billion in 2023 to $10.68 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increasing awareness of water scarcity, demand for eco-friendly and sustainable beauty products, consumer preference for convenience in cosmetics, rise in environmentally conscious consumer behavior, growing demand for new beauty trends.
The waterless cosmetics market size is expected to see rapid growth in the next few years. It will grow to $17.11 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to growing focus on reducing carbon footprint, adoption of waterless beauty products in emerging markets, emphasis on long shelf life and stability in waterless formulations, regulatory support for sustainable and waterless cosmetic practices, increasing demand for premium cosmetics products due to rising disposable income. Major trends in the forecast period include innovation in packaging for waterless cosmetic products, advances in formulation technologies for waterless products, consumer education on the environmental benefits of waterless cosmetics, customization of waterless beauty products for diverse skin types.
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Waterless Cosmetics Market Major Segments
The waterless cosmetics market covered in this report is segmented -
1) By Type: Skincare, Haircare, Makeup, Other Types
2) By Price Range: Economy, Mid-Range, Premium
3) By Customer Orientation: Men, Women, Unisex
4) By Distribution Channel: Online Retailers, Speciality Stores, Hypermarkets/Supermarkets, Other Distribution Channels
Key Driver - Growing Demand For Chemical-Free Cosmetics Fuels Waterless Cosmetics Market Growth
Rising demand for chemical-free cosmetics is expected to propel the growth of the waterless cosmetics market going forward. Chemical-free is a term used in marketing to mean that a product is safe, healthy, or environmentally friendly because it contains only natural ingredients. Clean products or chemical-free cosmetics are those that are environment-friendly, notable for their ingredients, and free of parabens, phthalates, sulfates, and more. For instance, according to Mint, a financial daily newspaper, in March 2021, Lotus Herbals, an Indian-based cosmetics manufacturer, announced its entry into the clean beauty category with Lotus Botanicals, which will have a range of chemical-free skin and hair care products. The company said the chemical-free cosmetics or the organic beauty market size is expected to grow to $54 billion by 2027. Therefore, the rising demand for chemical-free cosmetics is driving the growth of the waterless cosmetics market.
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Prominent Trend - Embracing Advanced Technology For Personalized Formulas
The rise in technological advancement is a key trend gaining popularity in the waterless cosmetics market. Major companies operating in the waterless cosmetics sector are focused on new technological innovations to gain a competitive advantage. For instance, in January 2021, L'Oréal, a France-based personal care company, launched Perso, an (artificial intelligence) AI-powered device that formulates and dispenses personalized skincare, lipstick, and foundation. The Perso app processes user skin condition data via uploaded selfies, environmental conditions via location data, and user-entered skin care concerns and outputs custom formulas via the device.
Waterless Cosmetics Market Players
Major companies operating in the waterless cosmetics market report are Clensta International Pvt. Ltd., Kao Corporation, Ktein Biotech Private Limited, L'Oreal SA, Living Organic Loving Ingredients, Niconi Ltd., Ruby's Organics Private Limited, Taiki USA Inc., Procter & Gamble Company, Unilever plc, Pinch of Colour LLC, True Botanicals Inc., Ethique Inc., Carter + Jane Inc., Allies Group Pte. Ltd., Azafran Innovacion Ltd., Lavedo Cosmetics, May Coop., Vapour Organic Beauty Inc., Biomod Concepts Inc., Bobbi Brown Professional Cosmetics Inc., Cult Beauty Ltd., Deciem The Abnormal Beauty Company, Dermatologic Cosmetic Laboratories Inc., Glow Recipe Inc., Headboy Industries Inc., Avon Products Incorporation, Oriflame Holding AG, Revlon Inc., Estee Lauder Companies Inc., Shiseido Company Limited, Henkel Ag & Co. KGaA, Johnson & Johnson Services Inc., American Way Corporation, Coty Inc., Mistcooling Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the waterless cosmetics market share in 2023. The regions covered in the waterless cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Waterless Cosmetics Market Report Structure
3. Waterless Cosmetics Market Trends And Strategies
4. Waterless Cosmetics Market - Macro Economic Scenario
5. Waterless Cosmetics Market Size And Growth
…..
27. Waterless Cosmetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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