Global Colour Cosmetic Market: Drivers and Trends

The global colour cosmetic market is estimated to be valued at nearly US$ 52 Bn in 2017 and is anticipated to touch a value of nearly US$ 80 Bn in the year 2026, registering a CAGR of 4.8% during the forecast period. The global colour cosmetic market is set to present an incremental dollar opportunity of nearly US$ 30 Bn between 2016 and 2026.

Global Colour Cosmetic Market: Drivers

Increasing consumer demand for green products is resulting in manufacturers to shift from niche distribution channels to mainstream mass retailers. Increasing product penetration in the colour cosmetic market through online retailing channels is a major factor driving colour cosmetic market growth across the globe.

Sales of cosmetics through e-Commerce is further anticipated to witness significant growth over the forecast period owing to higher adoption of smartphones and also increasing penetration of the internet in various untapped markets across the globe. This expected growth is attributed to easy availability of a wide range of products and ability of customers to compare prices of various products available in the market during an online search or through social networking platforms.

Obtain Report Details @
https://www.futuremarketinsights.com/reports/colour-cosmetics-market

Growing trend of working women to spend more on their personal appearance is another major factor fuelling revenue growth of the global colour cosmetic market. Promotion and advertisement through various media including television, magazines, social media, etc. is further expected to fuel the growth of the colour cosmetic market across the globe.

Global Colour Cosmetic Market: Trends

The key factors trending the global colour cosmetic market are high demand for natural and organic cosmetic products, usage of multifunctional makeup, efficient distribution channels, high demand for high-end colour cosmetic products especially in developed economies, increasing preference for environment friendly cosmetic products, and high innovation in colour cosmetic products. Technological developments have had an impact on the rising demand for customisation and convenience, which has resulted in the development of new products in colour cosmetics.

Request Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-1019

Global Colour Cosmetic Market Analysis by Product Type

The global colour cosmetic market is segmented on the basis of product type as natural & organic and chemical. In terms of volume, the chemical segment was estimated to hold relatively high share of 55.4% in 2016 which is expected to decrease to 50.1% by 2026 with CAGR of 2.4%.

Global Colour Cosmetic Market Attractiveness Analysis by Product Category, 2016– 2026

Facial Makeup segment is expected to rank relatively high on the attractiveness index in the global colour cosmetic market by 2026 end

The facial makeup segment is expected to remain dominant in the global colour cosmetic market throughout the forecast period with a revenue share of more than 30% by 2026. By 2026 end, the eye makeup segment is estimated to account for a little over 18% value share and be valued at nearly US$ 15 Bn.

Key factors impacting the global colour cosmetic market

A large number of women workers who are enjoying increasing economic power and financial independence is a key growth driver for the global colour cosmetic market

Demand for branded colour cosmetic products such as L’Oreal, Estee Lauder, LVMH, etc. leads to rapid rate of growth of the market in terms of value

Increasing awareness about beauty products is a major factor trending the global colour cosmetic market

The Asia Pacific colour cosmetic market is growing at a relatively high rate in terms of volume, attributed to increasing per capita income of consumers and increasing population

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

This release was published on openPR.