Knowledge Sourcing Intelligence announces the publication of a new report on “Color Cosmetics Market - Forecasts from 2020 to 2025” to their offering.
Growing financial independence of women and disposable income coupled with the rapid urbanization is driving the growth of the market.
As per the report, the market pertaining to the Color Cosmetics Market is expected to grow at a steady pace.
Color cosmetics is a broad concept that includes distinct categories of products ranging from skin and eyes products to cheeks and lips products. The global color cosmetics market is expected to surge during the forecast period owing to the booming beauty industry. The growing adoption of cosmetic products in various parts of the world is mainly attributed to the increasing interest of cosmetics among the young women population worldwide. This is because of the fact that these women love to explore a variety of beauty care products available in the market which is further leading to high market demand for these products, which in turn is propelling the color cosmetics market growth opportunities for manufacturers and vendors. Apart from the younger generation, the craze of cosmetics is being experienced among the older adults and with the growing geriatric population worldwide the demand for color cosmetics is also expected to increase in the coming years. Also, color cosmetic solutions such as an instant fix for age-old people who desire for quick improvements in their skin are now a days becoming quite popular. These products are incredibly useful in providing instant improvements in bags, fine lines in addition to providing skin brightening. Furthermore, acquisitions of small beauty brands by the big companies owing to the threat caused by the young companies with innovative products as per consumer demands are propelling the market demand where big companies through acquisition at high values are providing a range of cosmetic products with unique and attractive cosmetic packaging triggering impulse buying among the wide customer base.
With the growing consciousness for personal grooming among males worldwide, the market is projected to fuel in the upcoming years. This is because of the fact that men aiming for achieving better health and wellness in addition to styling are investing more money with the growing per capita income in personal grooming cosmetic products, thus, this is providing a huge market opportunity for color cosmetics in the coming future. Also, both major and regional market players are investing in expanding their product portfolio specifically related to male customers, color cosmetic products include hair color products, special effect products, among other skincare products. Furthermore, with the growing online retail for men cosmetic products, most of the men prefer to buy products online due to the convenience to shop online in addition to additional discount offers.
However, consumers today are becoming aware that to maintain good skin health, it is necessary to take care in the form of edible ingredients or nutrients as well, apart from the topical application. Many times, it has been noticed that customers complain about cosmetics causing rashes or allergies to a skin type, while on the other hand, it may not be the case for some other skin type. Hence, to avoid such issues, consumers are moving towards healthier options such as beauty supplements, which are in the form of dietary supplements and help in boosting the beauty from within. Additionally, with the growing consumer awareness regarding physical appearance being affected by the dietary consumption as well, a shift towards consumption of dietary supplements for supporting skin nutrition may have a significant impact on hampering the market growth in the forecast period.
The increase in color cosmetic sales is highly attributed to the growing middle-class population, especially in the developing economies of the world, thus creating a high consumer base. According to the report by OECD the global middle class is anticipated to grow from the size of 1.8 billion in 2009 to a size of 3.2 billion in 2020. The Asia Pacific, by 2030 is projected to hold the maximum middle-class population, where it will represent more than 60% share in the global middle-class population and over 50% share based on middle-class consumption. According to the National Bureau of Statistics, in China, by the end of 2020, is expected to grow at an exponential rate especially in big cities further creating a market demand for color cosmetics products.
As a part of the report, the major players operating in the Color Cosmetics market, which have been covered are L'Oréal S.A., Estée Lauder Companies Inc., Shiseido Company Limited, Coty Inc., Unilever N.V., Revlon Consumer Products Corporation, Kryolan Professional Make-Up, Chantecaille Beaute Inc., Avon Products, Inc., and Ciaté London.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-color-cosmetics-market
This report segmented the color cosmetics market on the basis following terms