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Makeup Tools Market: Comprehensive Analysis of Industry Demand, Evolving Trends, Market Size, and Growth Potential
Makeup Tools Market
As per the report, the makeup tools market size has grown rapidly in recent years. It will grow from $2.6 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The makeup tools market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
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Rising Beauty And Cosmetic Industry Fuels Makeup Tools Market Growth
The expanding beauty and cosmetics industry is expected to propel the growth of the makeup tools market going forward. The beauty and cosmetics industry is a diverse and dynamic sector that encompasses the production, marketing, and sale of products designed to enhance and beautify the appearance of individuals. The beauty and cosmetics industry is growing due to increasing consumer demand for self-care and personalized grooming. The expanding beauty and cosmetics industry is fueling innovation and demand for advanced makeup tools that revolutionize application techniques and enhance the user experience. For instance, in June 2023, according to the National Hair and Beauty Federation, a UK-based trade industry group, between March 2021 and March 2022, the number of hair and beauty businesses in the UK rose by 2,215, reaching a total of 48,425 businesses. The hair and beauty sector generated $5.81 billion (£4.6 billion) in revenue in 2020-2021. Therefore, the expanding beauty and cosmetics industry is driving the growth of the makeup tools market.
Separable Makeup Brushes Revolutionizing The Makeup Tools Market
Major companies operating in the makeup tools market are increasing their focus on developing innovative products, such as detachable makeup brushes, to gain a competitive edge. A separable makeup brush refers to a brush that can be disassembled or has interchangeable parts, allowing for easy cleaning, maintenance, or customization. For instance, in March 2023, F.S. Korea Industries Inc., a South Korea-based makeup tool manufacturer, launched a new makeup brush called GoBrush, which features detachable parts. This design allows users to assemble the three parts (fibers, ferrule, and handle) according to their preferences. They can change the fibers after use and reuse the ferrule and handle. This feature helps reduce glue consumption, facilitates recycling, and offers possibilities for customization.
The makeup tools market covered in this report is segmented -
1) By Product: Makeup Brushes, Eyelash Tools, Disposable Makeup Tools, Sponge, Other Products
2) By Cosmetic Type: Organic Cosmetics, Synthetic Cosmetics
3) By Distribution Channel: Offline, Online
4) By Application: Personal, Professional
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Major companies operating in the makeup tools market are LVMH Moët Hennessy Louis Vuitton (LVMH), L'Oréal S.A., The Estée Lauder Companies Inc., Chanel Inc., Shiseido Company Limited, Avon Products Inc., KIKO S.p.A., e.l.f. Beauty Inc., Etude House, Artdeco, MAC Cosmetics, Sigma Beauty, Beauty Blender, Watsons Singapore, ZOEVA GmbH, Chikuhodo, Real Techniques, Make Up For Ever LLC, SHANY Enterprises Inc., Nanshy Limited, Bestope, Kevyn Aucoin Beauty, NARS Cosmetics
Contents of the report:
1. Executive Summary
2. Makeup Tools Market Report Structure
3. Makeup Tools Market Trends And Strategies
4. Makeup Tools Market - Macro Economic Scenario
5. Makeup Tools Market Size And Growth
…..
27. Makeup Tools Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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