Color Cosmetics Market Forecasts to 2028 - Global Analysis By Product (Chemical, Natural & Organic), Color (Fluorescent Colors, Special Effect Colors, Standard Colors) and By Geography

According to Stratistics MRC, the Global Color Cosmetics Market is accounted for $75.86 billion in 2021 and is expected to reach $128.34 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Color cosmetics are a mix of chemicals that are used to improve the appearance or fragrance of the human body. Cosmetics such as facial make-up, nail care, lip care, and eye make-up are included in this category. These products can be found in various places, including exclusive brand outlets, supermarkets, specialty stores, and online.

Market Dynamics:

Driver:

Increasing Organic Cosmetic Products

Several new brands offer organic and natural products because of the growing emphasis on grooming and personal appearance among consumers. Furthermore, facial care manufacturers or companies work with influencers to promote their brands and E-commerce companies to reach a larger audience and expand their customer base. They also run paid advertisements on YouTube and Instagram to raise brand awareness. The rising use of organic cosmetic products is expected to drive market growth during the forecast period. Extreme weather has boosted the adoption of facial care products such as moisturizing creams and sunscreen creams, and in a polluted environment, consumers prefer natural products, especially facial care.

Restraint:

Growing Consciousness Concerning Environment and Animal Protection

Several countries governments have imposed resource-use and environmental protection regulations. Rising awareness of the importance of environmental preservation and animal protection has influenced manufacturers to switch to plant-based cosmetics, affecting the market growth. Cosmetic sales have also decreased due to the adverse effects of chemical-based cosmetics on the skin and body.

Opportunity:

Technological Advancement

The developments in technologies create new and great opportunities for small and large-scale cosmetic businesses, enabling them to spread awareness about the product to the consumers. There are several technologies in the market including changing color technology and color change sensors, among others. Researchers have measured the importance of the skin microbiome in hygiene and personal care due to the advent of metagenome and biogenetic technologies. Cosmetic scientists have focused on its vital link to beauty and well-being as a result of this. However, educating the consumer is an essential link that the industry must make.

Threat:

Harmful Effect

Cosmetic products are made up of chemicals and these chemicals can bring danger to your body. Make-up, when used constantly, can damage facial skin. The effects may not show directly but as you age up, you will begin to notice that it has severely damaged your skin. It is a must that before you use one, you consult your dermatologist to see if the product suits your skin. Irritation can be a result after using a product that is not compatible with the contour of your skin. It is just like how a pepper spray gun can be very irritating when sprayed to the eyes.

Online segment is expected to be the largest during the forecast period

Online product buying is a new development that has arisen in the coming years and this segment is expected to propel growth. The changing lifestyle of consumers and high dependence on social media has created opportunities for the cosmetic industry to attain market growth. Consumers are easily influenced through social media promotion by celebrities and social influencers, thus resulting in a sales increase. Additionally, easy availability and a wide range of product offerings on e-commerce portals also attract consumers to purchasing thud, leading to increased demand for market.

The Premium segment is expected to have the highest CAGR during the forecast period

Demand for premium colour cosmetic products is expected to increase throughout the forecast period, due to the increasing preference for luxury cosmetic products. Consumers are opting for premium products owing to the brand value and authenticity of the product. To hide the aging lines and dark circles, and for improved facial structure, demand for premium products has increased. Moreover, the penetration of social media has created a conducive environment for premium products due to the increased digital media marketing that brands use for their promotion.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to high demand from emerging economies such as India, China, Indonesia, and others, Moreover, as working women's financial independence grows, the demand for color cosmetics is expected to rise. The increasing disposable income, a higher standard of living, and increased awareness of personal appearance contribute to market growth in Asia-Pacific.

Region with highest CAGR:

North America is projected to have the highest CAGR, due to the demand for beauty and personal care products in the province is increasing. Factors like technological up-gradation in the color cosmetics, attractive packaging, and increasing consumer health awareness about personal care and fashion trends are expected to drive the growth of this market in North America. Additionally, in the U.S., celebrity endorsements and the launch of their product lines are driving the growth of the market.

Key players in the market:

Some of the key players profiled in the Color Cosmetics Market include L'Oreal SA, LVMH (Moet Hennessy -Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel S.A., Coty Inc., Mary Kay Cosmetics, Amway Corporation, Kose Corporation, Bloomers , Amyris.

Key developments:

In April 2021: Amyris, announced the acquisition of Beauty Labs International, adding 7th clean color cosmetics brand to its portfolio.

In October 2020: Amway launched a customized skincare solution product with Artistry Signature Select named Personalized Serum. By this launch, the company marked its presence in the serum segment of skincare. This will enhance the company's product portfolio in the Indian market.

In July 2021: Bloomers launched a new brand of color cosmetics in India. They are offering wide range of products such as foundations and lipsticks which will be available in local marts and pharmacy stores also.

Products Covered:

• Chemical
• Natural & Organic

Colors Covered:

• Fluorescent Colors
• Special Effect Colors
• Standard Colors

Pricings Covered:

• Mass
• Mid-premium/Affordable Premium
• Premium

Raw Materials Covered:

• Pigments
• Dyes
• Waxes
• Oils

Consumer Orientations Covered:

• Color Cosmetics for Men
• Color Cosmetics for Women
• Unisex Color Cosmetics

Color Pigments Covered:

• Zinc Oxide
• Ultramarine
• Titanium Oxide
• Iron Oxide
• Iron blue
• Chromium Oxide

Target Markets Covered:

• Prestige
• Mass

Applications Covered:

• Nail Products
• Lip Products
• Eye Make-up
• Facial Make-up
• Hair Color Products
• Special Effect Product

Sales Channels Covered:

• Brand Outlets
• Convenience Store
• Departmental Stores
• Direct Selling
• Hypermarket/ Supermarket
• Modern Trade Channels
• Online Sales
• Speciality Store

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances