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Facial Makeup: A Leading Driver Behind Influencer Marketing Propels Facial Makeup Market Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Facial Makeup Industry Market Size Be by 2025?
The size of the facial makeup market has seen robust expansion in the last few years. Its growth is predicted to escalate from $9.73 billion in 2024 to $10.3 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.9%. The surge during the earlier period can be credited to a rise in consumer understanding of product ingredients, heightened beauty awareness amongst consumers, prevailing consumer inclinations, the growth of the clean beauty trend, and health and wellness movements.
What's the Long-Term Growth Forecast for the Facial Makeup Market Size Through 2029?
Anticipated to experience robust expansion in the coming years, the facial makeup market is predicted to reach a valuation of $12.71 billion in 2029, with a compound annual growth rate (CAGR) of 5.4%. This projected increment during the forecast period can be attributed to factors such as the surge in e-commerce and omnichannel retailing, a growing demographic of young working women, the proliferation of influencer marketing, and increased emphasis on diversity and inclusivity, as well as celebrity and designer partnerships. Notable trends during this forecasted phase encompass regulatory compliance and safety issues, advancements in technology connected to formulations and applications, extreme personalization via AI and AR, the focus on inclusivity and diversity, and sustainable packaging.
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What Are the Key Growth Drivers Fueling the Facial Makeup Market Expansion?
The surge in influencer marketing is predicted to fuel the expansion of the facial makeup market in the future. This form of marketing involves partnerships with popular figures on social media platforms to endorse a company's goods or services. In the facial makeup market, influencer marketing is a common tactic for demonstrating products in use, providing product evaluations, and dispensing makeup advice. It enables beauty companies to reach a broader audience, promote brand recognition, and increase sales. For example, in February 2024, Benchmark Company LLC, a US-based venture capital company, reported a significant surge in influencer marketing, reaching $21.1 billion in 2023, reflecting a 29% increase from $16.4 billion in 2022. As a result, the growing influence of influencer marketing contributes to the expansion of the facial makeup market.
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What Are the Key Trends Driving Facial Makeup Market Growth?
Major firms in the facial makeup industry, such as L'Oréal S.A, are introducing new tech tools, including handheld makeup applicators and electronic eyebrow applicators, with an aim to improve the application process and precision for makeup users. These innovative beauty tools, which were launched in January 2023, are designed to heighten the efficiency of makeup application. The HAPTA hand-held makeup applicator is specifically aimed at helping those with mobility issues or tremors apply makeup unaided, thanks to stabilizing technology developed along with Verily. This technology ensures smooth lipstick application. L'Oréal's other product, Brow Magic, is an electronic eyebrow applicator developed in conjunction with Korean tech firm, Prinker Korea Inc. This device, which allows the user to form custom brow shapes using an app on their smartphone, employs advanced printing technology for high-precision results.
How Is the Facial Makeup Market Segmented?
The facial makeupmarket covered in this report is segmented -
1) By Type: Face Powder, Concealer, Foundation, Blush, Contouring And Highlighting, Bronzer, Primer, Other Types
2) By Source: Natural, Organic, Chemical
3) By Price: Economic, Premium
4) By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Online, Other Distribution Channels
5) By End-User: Women, Men
Subsegments:
1) By Face Powder: Loose Powder, Pressed Powder, Translucent Powder
2) By Concealer: Liquid Concealer, Cream Concealer, Stick Concealer
3) By Foundation: Liquid Foundation, Cream Foundation, Stick Foundation, Powder Foundation
4) By Blush: Powder Blush, Cream Blush, Liquid Blush
5) By Contouring And Highlighting: Contour Creams And Sticks, Highlighting Powders And Liquids, Contour Palettes
6) By Bronzer: Powder Bronzer, Cream Bronzer, Liquid Bronzer
7) By Primer: Mattifying Primer, Hydrating Primer, Pore-Filling Primer
8) By Other Types: Setting Spray, Tinted Moisturizers, BB And CC Creams
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Which Companies Are Leading the Charge in Facial Makeup Market Innovation?
Major companies operating in the facial makeup market are Procter & Gamble, Shiseido Company, Limited, L'Oréal, Coty Inc., Estée Lauder Companies, Avon Company, Revlon, Amway Corp., LVMH Moet Hennessy Louis Vuitton, Oriflame Holding AG, Kao Corporation, Unilever, Lotus Herbals,, Oriflame Cosmetics AG, CHANEL, Giorgio Armani S.p.A., Johnson & Johnson Services, Inc., Natura and Co Holding SA, Clarins Group, Henkel AG & Co. KGaA, L Brands, Lakme, Dr. Babor GmbH and Co. KG, Groupe Clarins, Grupo Boticario, Kose Corp., Mary Kay Inc., Nature Republic OC, Nutriglow Cosmetics Pvt. Ltd.
Which Regions Are Leading the Global Facial Makeup Market in Revenue?
North America was the largest region in the facial makeup market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the facial makeup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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