Makeupcosmetics Market | Contrive Datum Insights

The Global Makeup/Cosmetics Market Is Expected To Grow From USD 287.94 Billion In 2022 To USD 415.29 Billion In 2030, At A CAGR Of 5.0% During The Forecast Period 2022-2030.

Makeup/Cosmetics Market Overview:

Cosmetics are substances or products used to grow or alter the appearance of the face or the scent and texture of the body. several cosmetics are designed to be applied to the face, hair, or body. They are usually mixtures of compounds. Some are derived from natural sources (for ex. coconut oil) and some are synthetic or artificial. Common cosmetics include lipsticks, mascaras, eye shadows, foundations, skin cleansers, and body lotions, shampoos and conditioners, hair styling products (gels, hair sprays, etc.), perfumes, and fragrances.

Makeup/Cosmetics market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Makeup/Cosmetics market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In January 2020: Natura &Co acquires Avon Products, Inc., which provides beauty and personal care products. The acquisition will help Natura expand its product portfolio.
• In February 2021: Revlon partners with MDR Brand Management to launch new products, expand the retail reach, and deepen consumer engagement in EMEA, APAC, and the Americas.

Major Segments Covered in the Global Makeup/Cosmetics Market:

Market Key Players:
Olay, Maybelline, L'Oreal, Lakme, And Others.

Makeup/Cosmetics Market by Types:

• Online
• Offline
• Other

Makeup/Cosmetics Market by Applications:

• Skin and Sun Care Products
• Hair Care Products
• Deodorants
• Makeup and Color Cosmetics
• Fragrances
• Other

Makeup/Cosmetics Market by Regions:

The North American market is witnessing positive growth owing to the increasing spending power of the people coupled with increasing demand for luxury and premium products. Moreover, the increasing number of beauty product stores in the region is also one of the major booms factors for market growth over the forecast period. For example, in February 2020, Sephora, one of the leading cosmetics chains in the United States, announced expansion plans that included opening about 100 new stores in North America in 2020.

The European market features leading players in the beauty and personal care industry, including L'Oréal and Beiersdorf AG, Unilever, and others. Furthermore, factors like the growing number of beauty salons in Europe and an increasing number of millennials and Gen Z are expected to drive the demand for many cosmetic products. For example, according to the 2018-2019 annual report of the German Association of Cosmetics, Toiletries, Perfumes, and Detergents, between 2013 and 2018, the market for skin care and facial care products grew by an average of 2.7% per year, about 4.1% per year for the German enhancing cosmetics market.

Asia Pacific is projected to have a massive size of USD 102.55 billion in 2020 due to emerging economies for ex. China and India. This is attributable to several factors, including urbanization and rising living standards, and a rising number of working women, which in turn drive product demand. For example, according to data released by the Japanese Ministry of Economy, Trade, and Industry in 2019, the production of cosmetics increased from 434,000 tons in 2017 to 455,000 tons in 2018.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

The international cosmetics industry is growing at a speedy rate, mainly due to the increasing beauty awareness between people and the growing trend of many cosmetics, skin care products, beauty care products, hair care products, etc. Expansion of Korean cosmetic brands to western countries, new cosmetic products containing natural ingredients, etc. are estimated to generate massive growth opportunities in the market. For example, consumer preferences have quickly shifted from synthetic products to green and natural products for everyone. The use of bioengineered ingredients in cosmetics is denoted by a "green label". Derived from plants and optimized using biotechnology, these bioengineered molecules redefine the concept of natural cosmetics. With women, men have also considerably increased their use of cosmetics in their daily life, which further boosts the market growth. Therefore, the use of cosmetics has become important in daily life. All these aspects are estimated to drive market growth and demand during the analysis period.

The introduction of the latest technologies in the field of beauty using augmented reality (AR), 3D printing, and artificial intelligence (AI) is expected to generate excellent progress opportunities in the market.

Report Scope of Global Makeup/Cosmetics Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Makeup/Cosmetics market?

The Makeup/Cosmetics Market is growing at a CAGR of 5% During the Forecast Period.

 What are the key types and applications of Makeup/Cosmetics market?

Types- Online, Offline

Applications- Skin and Sun Care Products, Hair Care Products, Deodorants, Makeup and Color Cosmetics, Fragrances

Who are the key players in Makeup/Cosmetics market?

Olay, Maybelline, L'Oreal, Lakme, And others.

Any special requirements about this report, please let us know and we can provide a custom report.

Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.