The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

Recent Market Expansion

• The color cosmetics market has experienced significant growth.
• Market size increased from $48.08 billion in 2023 to $51.45 billion in 2024.
• Compound annual growth rate (CAGR) of 7%.

 

Historic Growth Drivers

• Changing consumer preferences.
• Shifts towards makeup trends.
• Rise in disposable income.
• Increased demand for personalized products.
• Influence of celebrities and social media on beauty standards and trends.

 

Future Market Projections

Expected Growth

• The market size is projected to reach $68.18 billion by 2028.
• Forecasted CAGR of 7.2%.

Drivers of Future Growth

• Rising acceptance of online purchasing.
• Growing demand for clean and sustainable beauty products.
• Rise of eCommerce platforms.
• Increased consumer interest in skincare-infused makeup formulations.
• Growing popularity of social media platforms.

Major Trends

• Advancement in technologies.
• Popularity of minimalist makeup routines and ‘skinimalism’ trends.
• Expansion of vegan and cruelty-free cosmetics offerings.
• Increasing use of augmented reality (AR) and virtual try-on technology.
• Emergence of innovative ingredient trends such as clean beauty formulations and skin-friendly makeup products.

 

Read The Full Color Cosmetics Market Report Here:
https://www.thebusinessresearchcompany.com/report/color-cosmetics-global-market-report

 

Growing E-Commerce Sector Is Driving the Color Cosmetics Market

Impact of E-Commerce

• The e-commerce sector is propelling the growth of the color cosmetics market.
• E-commerce refers to the buying and selling of goods and services online.
• Provides unmatched convenience for consumers, enabling purchases from home or on the go.

Example: U.S. Retail E-Commerce Sales

• In August 2023, the Census Bureau reported that U.S. retail e-commerce sales for the second quarter of 2023 were $277.6 billion, an increase of 2.1% from the first quarter of 2023.

 

Key Players in the Market

• L’Oréal SA
• Christian Dior SE
• LVMH Moët Hennessy Louis Vuitton SE
• Unilever PLC
• The Estée Lauder Companies Inc.
• Chanel International BV
• Amway Corporation
• Shiseido Company Limited
• Natura & Co
• Sephora
• Coty Inc.
• Amorepacific US Inc.
• Mary Kay Inc.
• Maybelline New York
• Revlon Inc.
• Yves Saint Laurent
• Clarins Group
• Mamaearth
• Laura Mercier Cosmetics
• Oriflame Cosmetics AG
• Julep Beauty

 

Introduction of Adaptive Skin Technology in Color Cosmetics

Innovative Solutions

• Companies are introducing novel offerings like adaptive skin technology.
• Adaptive skin technology empowers the skin’s natural resilience by assisting renewal and regeneration.

Example: Prada

• In August 2023, Prada launched Prada Skin and Prada Color.
• Features skincare products and color-correcting cosmetics using adaptive skin technology.

L’Oréal’s Acquisition of Aesop Sets Sights on Global Growth

Strategic Acquisition

• In August 2023, L’Oréal S.A. acquired Aesop.
• Aims to broaden its footprint in upscale cosmetics and expand globally, especially in China.

Aesop

• An Australia-based luxury beauty and color cosmetics company.

 

Market Segmentation

By Product Category

• Nail Products
• Facial Makeup
• Eye Makeup
• Lip Products
• Hair Color Products
• Special Effects Products

By Prices

• Economic
• Premium

By Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Direct Selling
• E-Commerce

By Application

• Nail Products
• Hair Products
• Lip Products
• Face Products
• Other Applications

 

Regional Insights

• North America was the largest region in the color cosmetics market in 2023.

 

Get A Free Sample On The Global Color Cosmetics Market Report:
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The Color Cosmetics Global Market Report 2024  provides an overview of the color cosmetics market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The color cosmetics market forecast analyzes color cosmetics market size, color cosmetics market share, leading competitor and their market positions.

 

The Table Of Content For The Color Cosmetics Market Include:
1. Color Cosmetics Market Executive Summary
2. Color Cosmetics Market Segments
3. Color Cosmetics Market Size And Color Cosmetics Market Growth Rate
4. Key Color Cosmetics Market Trends
5. Major Color Cosmetics Market Drivers
……
25. Key Mergers And Acquisitions In The Color Cosmetics Market
26. Top Color Cosmetics Companies
27. Color Cosmetics Market Opportunities And Strategies
28. Color Cosmetics Market, Conclusions And Recommendations
29. Appendix

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