High color cosmetics demand in developing regions, such as Asia-Pacific and RoW
Posted by RahulSharma on February 6th, 2020
The global Color Cosmetics Market stood at USD 57.4 Billion in 2014 and it is expected to reach USD 77.7 Billion in 2020 with a CAGR of 5.7%.
Browse 63 tables and 46 figures spread through 156 Pages and in-depth TOC on "Color Cosmetics Market".
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Color cosmetics refer to the colorants and cosmetic ingredients that are used for make-up, personal hygiene, skin care, hair care, fragrance, and oral care. The color cosmetics are identified on the basis of their target market that is prestige products and mass products. The prestige products offer intensive care and better results than the mass products but are slightly expensive than the mass products.
However, the inclination of the consumers towards prestige products is projected to increase in the next five years. The color cosmetics market has wide applications such as nail products, lip products, eye make-up, facial make-up, hair color products, and others. The consumer demand for color cosmetics is projected to witness growth due to progressive category innovations and the consumers’ willingness to experiment.
The market segmentation and value forecast is made on the basis of key regions, which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). Further, the market is segmented, and the demand and value are forecasted on the basis of important applications of the color cosmetics.
The demand for color cosmetics is expected to register higher growth in the lip products, facial make-up products, nail products, and eye make-up products. The multi-benefit products are driving the color cosmetics market that provides additional characteristics such as anti-aging benefits and UV protection. This industry is highly dynamic which demands product differentiation and the manufacturers experiment with new textures and formats to survive in the competitive market.
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The facial make-up market is registering fast growth and manufacturers are creating foundations that incorporate light-capturing crystals. With the rise of products for instance, anti-aging foundations, the foundations are being formulated with better skin care formulas. The lip care category is becoming more lucrative by offering products that combine shimmering, shiny textures with a long-lasting and caring formula as well as is contained in a stick form for ease of application.
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About the AuthorRahulSharma
Joined: September 3rd, 2019
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