Facial Makeup Market size and Key Trends in terms of volume and value 2017-2022
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Global Facial Makeup Market to Rise at 6.10% CAGR between 2017 and 2022
As per the estimations of TMR, the global facial makeup market is expected to offer an opportunity worth US$8.60 bn by 2017. The market is anticipated to rise further at a CAGR of 6.10% during the period from 2017 to 2022 and attain a value of US$11.54 bn by the end of the period of the forecast. “The improvement in the consumers’ lifestyles across the world has highly influenced the worldwide market for facial makeup,” says an analyst at TMR.
As consumers are increasingly becoming conscious about their physical appearance, their craze for a well-maintained personality and polished look is also witnessing a consequent rise, leading to a swelling demand for facial makeup products, as these products play an important role in enhancing one’s facial features and beauty. This, as a result, is boosting the market for facial makeup significantly across the world. Over the coming years, the market is expected to gain significantly from the increasing trend of blemish base (BB) creams and color correcting (CC) creams, states the research study.
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Facial Makeup Market to Witness Strong Growth in APEJ
The report also provides a geographical evaluation of the global market for facial makeup. According to the report, the market is categorized into the Middle East and Africa (MEA), Europe, Asia Pacific excluding Japan (APEJ), Japan, North America, and Latin America. Among these, Asia Pacific excluding Japan is projected to emerge as the leading regional market for facial makeup in the years to come, rising at a CAGR of 7.10% over the period of the forecast. The remarkable increase in the purchasing power of consumers in the APEJ region is likely to boost the APEJ market for facial makeup over the next few years, ensuring its dominance.
Supermarkets and hypermarkets have surfaced as the most prominent sales channels for facial makeup products, worldwide. Researchers at TMR project these sales channels to maintain their supremacy throughout their forecast period. However, with the increasing prominence of online retail sites, E-commercial sales channels are also projected to gain momentum in the near future.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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