Global Color Cosmetics Market – Industry Trends and Forecast to 2029

Color Cosmetics Market Analysis and Size

According to the study, color cosmetics market has accounted for around 15% - 20% of total sales in the beauty industry in 2020. The global color cosmetics market is expected to drive by improving the consumer’s inclination towards the self-care with up-gradation in the quality of cosmetic product and rising awareness regarding beauty product among end users. The rising demand of natural and organic products over synthetic products towards consumers is another major factor which is adding value to the growth of the color cosmetics market. The “facial make up” is the highest growing application segment due to multiple benefit such as UV protection lotions and anti-aging cream over the forecast period. Furthermore, increasing investment on R&D projects by major market players to bring the latest beauty care product creates immense opportunities for the growth of the color cosmetics market.

Data Bridge Market Research analyses that the color cosmetics market is expected to undergo a CAGR of 5.30% during the forecast period. This indicates that the market value, which was USD 81.82 million in 2021, would rocket up to USD 123.68 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Color Cosmetics Market Scope and Segmentation

Market Definition

Color cosmetics is a broad term that includes different types of make-up products designed for everything from skin and cheeks to lips and eyes. Make-up has been used for centuries to improve conceal flaws, overall physical appearance or define features.

Global Color Cosmetics Market Dynamics

Drivers

• Stringent regulatory norms to limit the use of ingredients

Cosmetic products contain a wide range of ingredients. These ingredients cover color cosmetics, unique fragrances and cleansing agents. Regulatory authorities are continuously taking initiatives to limit the use of those ingredients that cause health issues. Governments have imposed stringent rules and regulations regarding the use of natural and organic color cosmetics for the manufacture of cosmetic products which are expected to drive the growth rate of the color cosmetics market.

• Increasing awareness towards the use of color cosmetics

Growing consumer awareness and inclination towards the use of color cosmetics due to increasing consciousness regarding appearance and improving quality of life. Easy availability of synthetic and natural color cosmetics are expected to boost the demands of the color cosmetics in the market. Growing cosmetic product adoption due to various benefits such as maintaining the product freshness during the long time between the time of manufacture and the time the consumer finishes using the product may contribute towards the expansion of color cosmetics market.

Furthermore, shelf life development, shifting inclination towards the usage of natural cosmetic products amongst consumers, enhanced living standards, growing use of herbal ingredients in cosmetic products and availability of natural and organic color cosmetics are some of the major factors which are expected to drive the growth of the color cosmetics market during the forecast period of 2022 to 2029. 

Opportunities

• Increasing focus on male-specific cosmetics

Now-a-days, people are inclined to use those cosmetic products that make them look good. There is a substantial demand for the male-specific cosmetics which is ranging from moisturizers to anti-agers to mud masks. Several problems are faced by younger males related to hair fall, oily skin, acne and wrinkles, among others. All these problems can be overcome with the use of good and natural color cosmetics and awareness regarding the use of the proper color cosmetics. Cosmetic manufacturing companies, thus, have lucrative opportunities for the growth of the color cosmetics specifically targeting the male segment.

Restraints/Challenges

• Risk associated with chemical based color cosmetic

Several side effects are associated with the use of chemical based color cosmetic. The chemical based colors are used in the preparation of these cosmetics which can harm to human skin and leads to numerous skin diseases. This is one of the major factor which acts as restraint for the market growth rate during the forecast period.

This color cosmetics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the color cosmetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Color Cosmetics Market

The outbreak of covid-19 pandemic has declined the growth of the global cosmetic preservative market due to shutdown of several manufacturing plants. Further several countries have restricted the production activities during the pandemic. The lockdown leads to suddenly dropping down the demand and purchasing of cosmetic products, decreasing the demand for color cosmetics. Also, the halt in the transportation sectors has severely hindered the business of color cosmetic market because of the disruption in the product's supply chain management. All these factors may lead to declining manufacturers' profits, which may impact the growth of the color cosmetics market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In July 2021, Bloomers declared the introduction of a new brand of color cosmetics in India. They are providing extensive range of products such as lipsticks and foundations which will be available in pharmacy stores and local marts.
• In April 2021, Amyris, which is a leading biotech company declared the acquisition of Beauty Labs International. This became the 7th clean color cosmetics brand of its portfolio.

Global Color Cosmetics Market Scope

The color cosmetics market is segmented on the basis of product type, target market, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Chemical
• Natural and Organic

Target Market

• Prestige Product
• Mass Product

Application

• Nail Products
• Lip Products
• Eye Make-up
• Facial Make-Up
•  Hair Color Products
• Special Effects Products
• Others

Distribution Channel

• Hypermarket/Supermarket
• Convenience Stores
• Speciality Store
•  Direct Selling
•  E-Commerce

Color Cosmetics Market Regional Analysis/Insights

The color cosmetics market is analysed and market size insights and trends are provided by country, product type, target market, application and distribution channel as referenced above.

The countries covered in the color cosmetics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the color cosmetics market during the forecast period due to the increasing demand for cosmetic among consumers because of increasing awareness regarding beauty products in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the rising health consciousness amongst consumers, rising demand for facial creams, hair gels and anti-aging creams in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Color Cosmetics Market Share Analysis

The color cosmetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to color cosmetics market.

Some of the major players operating in the color cosmetics market are:

• L'Oréal Group (France)
• Estée Lauder Companies Inc. (U.S.)
• The Avon Company (U.S.)
• Coty, Inc (France)
• Revlon (U.S.)
• LVMH (France)
• Procter & Gamble (U.S.)
• Natura&Co (Brazil)
• AmorePacific (South Korea)
• Colgate-Palmolive Company (India)
• Henkel AG & Co. KgaA (Germany)
• Bath & Body Works, Inc. (U.S.)
• KOSÉ Corporation (Japan)
• Johnson & Johnson Private Limited (U.S.)
• Beiersdorf (Germany), Krylon (Germany)
• CHANEL (U.K.)
• Shiseido Company, Limited (Japan)
• Unilever (U.K.)

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