Global Colour Cosmetics Market – Industry Trends and Forecast to 2030

Global Colour Cosmetics Market, By Product Type (Chemical, Natural and Organic) Application (Nail Products, Lip Products, Eye Products, Facial Products, Hair Products and Others), Distribution Channel (Offline and Online), Target Market (Prestige Products Market and Mass Products Market) – Industry Trends and Forecast to 2030.

Colour Cosmetics Market Analysis and Size

Increased purchasing power among women, as well as significant investment in marketing and advertising, including promotions on social networking platforms and celebrity endorsements, have increased brand awareness and market growth. Expansion in digital marketing has also been a growth driver for the market, with organic beauty products seeing significant growth. The market is also benefiting from increased awareness of animal health and environmental protection which is expected to grow the market which will raise revenues during the forecast period 2023-2030.

Data Bridge Market Research analyses that the global colour cosmetics market was valued at USD 37.77 billion in 2022 and is expected to reach the value of USD 77.44 billion by 2030, at a CAGR of 10.8% during the forecast period of 2023 to 2030. “Chemical” segment is expected the dominate the market due to Increased purchasing power among women, as well as significant investment in marketing and advertising, including promotions on social networking platforms and celebrity endorsements. 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.

Colour Cosmetics Market Scope and Segmentation

Market Definition

Colour 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 Colour Cosmetics Market Dynamics

Drivers

• Stringent Regulatory Norms to Limit the Use of Ingredients

Cosmetic products contain a wide range of ingredients. These ingredients cover colour 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 colour cosmetics for the manufacture of cosmetic products which are expected to drive the growth rate of the global colour cosmetics market.

• Increasing Awareness Towards the Use of Colour Cosmetics

Growing consumer awareness and inclination towards the use of colour cosmetics due to increasing consciousness regarding appearance and improving quality of life. Easy availability of synthetic and natural colour cosmetics are expected to boost the demands of the colour 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 global colour cosmetics market.

Opportunity

• 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 colour cosmetics and awareness regarding the use of the proper colour cosmetics. Cosmetic manufacturing companies, thus, have lucrative opportunities for the growth of the colour cosmetics specifically targeting the male segment.

Restraint/Challenge

• Risk Associated with Chemical Based Colour Cosmetic

Several side effects are associated with the use of chemical based colour cosmetic. The chemical based colours 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 2023-2030.

Recent Development

• In July 2021, Bloomers declared the introduction of a new brand of colour 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

Global Colour Cosmetics Market Scope

The global colour cosmetics market is segmented on the basis 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 Colour Products
• Special Effects Products
• Others

Distribution Channel

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

Global Colour Cosmetics Market Regional Analysis/Insights

The global colour cosmetics market is analyzed 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 global colour 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 global colour cosmetics market during the forecast period 2023-2030 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 2023-2030 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 Global Colour Cosmetics Market Share Analysis

The global colour 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 global colour cosmetics market.

Some of the major players operating in the global colour cosmetics market are:

• 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.)