About Colour Cosmetic
Colour cosmetics is a broad term that includes a variety of products for the skin, eyes, cheeks, and lips. It is a growing market as consumers strive to always be selfie-ready. Colour cosmetics improve one's overall physical appearance by concealing flaws or defining features, making one appear healthier and more refreshed. Colour cosmetics have also been said to improve people's mental health by empowering them and increasing their self-confidence. The global Colour cosmetic industry is growing due to an increase in female professionals, increased awareness on the social media market, and fierce competition. Colour cosmetics products (also known as make-up) are intended to add Colour to the skin and thus improve its appearance. In recent years, formulators have sought what they call dual benefit ingredients, which do more than just adorn the face but also contain cosmetics ingredients that benefit the skin.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Colour Cosmetic market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Estée Lauder Companies Inc. (United States), Mary Kay Cosmetics (United States), Amway Corporation (United States), Chantecaille Beaute Inc. (United States), Coty Inc. (United States), Revlon Inc. (United States), Unilever N.V. (United KIngdom), L’Oreal Group (France), Avon Products, Inc. (United KIngdom), Kryolan Professional Make-Up (Germany), Shiseido Co. Ltd. (Japan) and Ciaté London (United KIngdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chanel S.A. (France), Kose Corporation (Japan), YSL (France) and Benefit Cosmetics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Colour Cosmetic market by Type (Natural &Organic and Chemical), Application (Facial Make Up, Lip Products, Eye Make Up, Nail Products, Hair Color Products, Special Effect Products and Others) and Region.
On the basis of Type, Chemical are dominating the market in the year 2023On the basis of geography, the market of Colour Cosmetic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Colour Cosmetic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising preference for natural and organic personal care (NOPC) products, Technological advancement in color cosmetics products and Usage of multi functional makeup
Market Growth Drivers:
Rising adoption and implementation of Augmented Reality in the beauty industry, Increasing Women Professionalism and Disposable Income and Rise in Consciousness among Consumer towards appearance of human body
Challenges:
High manufacturing and marketing costs, Rapid Innovations in Cosmetics and Increasing competition with International Players
Restraints:
Possibility of the presence of harmful chemical ingredients in cosmetic products hampers customer behavior and Stringent government rules and regulation
Opportunities:
E-commerce channel influencing sales, Increasing Demand for Organic Color Cosmetic and High growth potential from emerging economies
Market Leaders and their expansionary development strategies
In July 2016, L'Oréal signed an agreement to acquire IT Cosmetics, one of the fastest growing prestige beauty brands in the United States and In June 2017, Unilever signed an agreement to acquire Hourglass, the luxury color cosmetic brand.
Shiseido Company, Limited (“Shiseido”) is looking to release new skincare brand BAUM (a total of 27 products, 45 items) (manufacturer and distributor: ETWAS CO., LTD.) on Saturday, May 30, 2020 via its Prestige business category.
European commission cosmetics directive (ECCD), U.S. food and drug administration (FDA), and china food and drug administration (CFDA) are focusing on strengthening their position in the beauty care ingredients market through expansions, acquisitions, and new product launches
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Colour Cosmetic, Suppliers and Distributors of Colour Cosmetic, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.