Colour Cosmetic Market: Drivers, Trends and Market Analysis by Product Type

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 number of working individuals across the globe is resulting in increasing spending capacity on cosmetic products, which in turn is leading to increasing sales of quality cosmetic products. Therefore, disposable income is directly proportional to the total spending on colour cosmetic products.

In the personal care market, product availability and retail shelf space plays a critical role in creating demand for the product. 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.

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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.

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%.

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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

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