Market Research Report
Opportunities in the Asia-Pacific Make-Up Sector: Analysis of Opportunities Offered by High growth Economies
|Published by||GlobalData||Product code||753216|
|Published||Content info||101 Pages
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|Opportunities in the Asia-Pacific Make-Up Sector: Analysis of Opportunities Offered by High growth Economies|
|Published: March 13, 2019||Content info: 101 Pages||
The Asia-Pacific make-up sector, valued at US$15,284.5 million in 2018, is forecast to reach US$21,663.5 million by 2023, growing at a CAGR of 7.2% during 2018-2023. The Asia-Pacific represented the second-largest market for make-up products, followed by Americas. Per capita consumption of make-up products in the region stood at 0.3 units in 2017, while per capita expenditure stood at US$4.5 in the same year. The face make-up category held the largest value share of 50.5% in 2018, and is forecast to record a CAGR of 7.2% during 2018-2023. Lip make-up, the second largest category, registered total value sales of US$4,258.2 million in 2018.
A considerable number of consumers in Asia-Pacific enjoy high disposable incomes and lead busy lifestyles by virtue of high urbanization in the region. Among the high potential countries, China was the largest make-up market (US$4,263.9 million), and is expected to register a CAGR of 10.4% during 2018-2023. The top five brands in the Asia-Pacific make-up sector held a value share of 27.5% in 2018. Maybelline led the sector, with 8.8% share in 2018, followed by Shiseido (7.9%), Kanebo (5.1%), L'Oreal Paris (3.5%), and M.A.C (2.2%). Private label accounted for a share of 1.4% in the same year.
Department stores was the leading distribution channel in the Asia-Pacific make-up market, with a total value share of 21.5% in 2018, followed by health & beauty stores with a 17.2% share. As for packaging formats, rigid plastics accounted for the largest share of pack material in the Asia-Pacific make-up sector, with a volume share of 75.3% in 2018. Among the key pack types used in the make-up sector, specialty container accounted for a share of 83.5%, whereas screw top was the most commonly used closure type, with 11.5% volume share during 2018.
The report "Opportunities in the Asia-Pacific Make-Up Sector", brings together multiple data sources to provide a comprehensive overview of the region's make-up sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.
Companies mentioned: L'Oreal S.A.; Shiseido Company, Limited; Kao; Amorepacific Corporation; The Estee Lauder Companies Inc; LG Corp; LVMH Moet Hennessy - Louis Vuitton; Coty, Inc.; Revlon, Inc.; KOSE Corporation
This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific make-up sector. It includes analysis on the following -