The color cosmetics market is set to reach US$ 50 Bn by 2021, driven by demand in Japan and South Korea. Natural and organic products are key growth drivers.
ESOMAR-certified consulting firm Future Market Insights (FMI) projects the color cosmetics market to grow by 5% CAGR between 2021 and 2031. Demand for natural & organic color cosmetics and facial makeup products will continue increasing through 2031, enabling the color cosmetics sales to top nearly US$ 50 Bn by 2021.
Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1019
Increasing penetration of social media platforms and expansion of distribution channel have burgeoned the sales of color cosmetics. Besides this, the rising demand for cruelty free make up is expected to push sales of vegan color cosmetics through the forecast period.
The color cosmetics market also will gain from the growing preferences of environment friendly cosmetic products and integration of advanced technologies such as artificial intelligence. Some of the leading color cosmetic brands such as L’Oreal and others are integrating AI to visualize and compare thousands of shades of cosmetics better.
Besides this, key players are investing extensively in research activities to include organic and natural color cosmetics such as face and eye makeup products in their portfolio. This is expected to bode well for the market.
As per FMI, facial make-up segment is expected to remain dominant in the global color cosmetic market during the forecast period.
For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-1019
Key Takeaways from FMI’s Color Cosmetics Market Study
“Growing demand for natural and eco-friendly ingredients has compelled manufacturers to include natural and organic color cosmetic products in their portfolio. Besides this, some of the leading color cosmetic brands are leveraging their online presence to strengthen their brand image and global footprint,” says a FMI analyst.
For any queries linked with the report, ask an analyst
https://www.futuremarketinsights.com/ask-question/rep-gb-1019
Competitive Landscape
As per FMI, top players are expected to account for over 30%-35% of global market share in 2021. Presence of numerous leading players in the market have led to intense competition. In order to gain competitive edge, key players are collaborating with social media influencers and e-commerce giants.
Also, some of the manufacturers are introducing new products under the clean-label category in order to capitalize on surging demand for organic and natural color cosmetic products. They are also investing in research and development activities to develop products with extended shelf-life.
Some of the key players profiled by Future Market Insights are L’Oréal SA, LVMH (Moet Hennessey Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel S.A., Coty Inc., Mary Kay Cosmetics, Amway Cosmetics, Kose Corporation, and Others
Explore FMI’s Extensive Coverage on Consumer Product Domain
Water Flosser Market– As per newly released data by Future Market Insights (FMI), the Water Flosser Market is estimated at US$ 1,020.0 Mn in 2022 and is projected to reach US$ 1,417.2 Mn by 2027.
Floral Extract Market – As per newly released data by Future Market Insights (FMI), the floral extract market is estimated at USD 2.6 billion in 2022 and is projected to reach USD 3.8 billion by 2029, at a CAGR of 4.3% from 2014 to 2021.
Lip Powder Market– As per newly released data by Future Market Insights (FMI), the lip powder market is estimated at US$ 439.7 Mn in 2022 and is projected to reach US$ 592.1 Mn by 2027, at a CAGR of 6.1% from 2022 to 2027
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Reports: https://www.futuremarketinsights.com/reports/colour-cosmetics-market
Press-Release: https://www.futuremarketinsights.com/press-release/colour-cosmetics-market
The article discusses the growth of the color cosmetics market, focusing on trends in Japan and South Korea.
Demand for natural, organic, and vegan cosmetics, along with AI integration, are driving growth.
Japan, South Korea, and the U.S. are leading regions in the color cosmetics market growth.
Explore more articles in the Research Reports category
