Why Asia Will Be 70% of Cosmetic Market by 2020

Posted by Koel Colours on October 10th, 2017

Today’s women world is familiar with specific cosmetic colorants. These colour cosmetics include assorted cosmetic elements which are applied for facial make-up, eye make-up, hair care, skin care, oral care, fragrance and personal cleanliness. Based on the target market, the colour cosmetics are classified into two different sections – mass products and prestige products. Unlike the mass products, prestige products provide all-embracing quality & care. All the more, prestige products function and offer the fast results, compared to the mass products available on the market.

The cosmetic colour market is inclined to increase every year. This particular market offers a wide range of beauty applications, such as, facial & eye make-up products, hair colour products, lip products, nail products and more. For these cosmetic products, the extensive requirements vastly come from different Asian countries, a fact which is absolutely eye-catching. More surprisingly, according to a market-analysis, if this goes on at the same increasing rate or more, Asia will possess approximately 70% of the world cosmetic market by the year of 2020.

• In China, cosmetic colour market is likely to grow the fastest in the upcoming five years. This is because of the increasing number of urbanized customers who are now habituated in adopting skin care and pigment colours products on a regular basis. They are largely inclined towards these types of personal skin care to gain huge in beauty & cosmetic market.

• The growth of Indian cosmetics market is reckoned to be rising gradually to a large extent, owing to accelerated consumer awareness as well as dynamic lifestyles among the huge population in India. In Indian cosmetics industry, these can be witnessed as a crucial move from influential domestic market players to international market players at all. Apart from that, people in India are now getting much responsive towards their cosmetic needs since there are loads of options to access to branded products. This is another important reason behind the growth of lake colours industry in India.

• Similarly, in all Asian countries, like China, Bhutan and Indonesia, women are becoming conscious about their preferences and they strive to create their own style, by adopting eccentric dyes in cosmetics for hair & skin as well. The color cosmetics enhance the new personality change in a woman from all directions.

By 2019 Asia will comprise 80% of the Global cosmetics. Standard scientific research brings enormous success in the cosmetic industry. And this research is usually done among different types of consumers to define their different tastes and requirements. The women in Asian countries own different complexions and kinds of skin, and this has led to the productions of latest Cosmo products. This is very predictable that Asian consumers will occupy maximum sell of Global beauty products shortly. By adopting new ideas & having a good realization of what is happening, good solutions can be found towards the creation of new formula. Thus success will come in the cosmetics industry, especially in Asia.