Press release
Makeup Tools Market Set to Reach $4.45 Billion by 2029 with 8.8% Yearly Growth
Makeup Tools Market Report
The makeup tools market has seen rapid growth in recent years. It is expected to grow from $2.88 billion in 2024 to $3.18 billion in 2025, at a CAGR of 10.5%. This growth can be attributed to the influence of social media, fashion trends, films and television, beauty influencers, and technological accessibility, as well as cultural diversity.
Similarly, the makeup tools market is expected to reach $4.45 billion by 2029, growing at a CAGR of 8.8%. This growth mirrors the makeup market's expansion, influenced by the same trends such as clean beauty and virtual try-ons.
What Are the Forces Behind the Rapid Growth of the Makeup Tools Market?
The growing beauty and cosmetics industry is expected to drive the expansion of the makeup tools market. As consumer demand for self-care and personalized grooming increases, the need for innovative makeup tools grows. The National Hair and Beauty Federation reported in June 2023 that the UK saw a 2,215 increase in hair and beauty businesses, totaling 48,425. The booming beauty industry is fueling demand for advanced makeup tools.
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Who Are the Dominant Companies Influencing Makeup Tools Market Trends?
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
What Are the Latest Innovations in the Makeup Tools Market?
Companies in the makeup tools market are focusing on innovation, such as developing detachable makeup brushes, to gain a competitive edge. These brushes feature interchangeable parts for easy cleaning and customization. For example, in March 2023, F.S. Korea Industries Inc., a South Korea-based makeup tool manufacturer, launched the GoBrush. This detachable brush allows users to disassemble and customize the fibers, ferrule, and handle, facilitating recycling, reducing glue usage, and enabling customization.
What Are the Different Segmentations in the Makeup Tools Market?
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
Subsegments:
1) By Makeup Brushes: Face Brushes, Eye Brushes, Lip Brushes, Kabuki Brushes, Fan Brushes, Contour Brushes, Highlight Brushes
2) By Eyelash Tools: Eyelash Curlers, Eyelash Tweezers, False Eyelash Applicators, Eyelash Comb, Eyelash Brushes, Lash Separators
3) By Disposable Makeup Tools: Cotton Pads, Makeup Wipes, Cotton Swabs, Makeup Sponges (Disposable), Disposable Mascara Wands, Disposable Eyeliner Stamps
4) By Sponge: Makeup Sponges, Powder Puff Sponges, Silicone Sponges, Sponge Applicators, Puff Balls
5) By Other Products: Makeup Tool Kits Or Set, Cosmetic Bags, Eyebrow Shapers, Sharpener, Brush Cleaners Or Tool Cleaners, Makeup Shields Or Protectors
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Which Region Is at the Forefront of the Makeup Tools Market?
North America was the largest region in the makeup tools market in 2024. The regions covered in the makeup tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Makeup Tools Global Market Report?
- Market Size Analysis: Analyze the Makeup Tools Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Makeup Tools Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Makeup Tools Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Makeup Tools Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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