What is Cosmetic Applicator Foam Market Scope?
Cosmetic Applicator Foam is a type of brush that helps in cleaning or apply cosmetic creams to the skin. The cosmetic applicator foams come in different ranges according to the cost and different skins. With the growing cosmetic industry and the rise of working women, the industry is set to continuously grow over the coming years.
The Cosmetic Applicator Foam market study is being classified by Type (Silicone sponges, Wedge Sponges, Egg Shaped Sponges, Round Disc Sponges and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Japan will contribute to the maximum growth of Global Cosmetic Applicator Foam market throughout the predicted period.
L'Oréal SA (France), Estée Lauder Companies Inc. (United States), Yumark Enterprises Corp. (Taiwan), Technical Foam Services (United Kingdom), Beneq Group (Finland), Arkema SA (France), Ube Industries Ltd. (Japan), Asahi Kasei Corporation (Japan), SAMCO Inc. (Japan) and Nano One Materials Corp. (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Solvay SA (Belgium), ALD NanoSolutions, Inc.(United States) and Alteo Group (France).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cosmetic Applicator Foam market by Type, Application and Region.
On the basis of geography, the market of Cosmetic Applicator Foam 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).
Market Influencers and their development strategies
In 2020, L’Oréal S.A., a French multinational giant in cosmetics has announced the acquisition of Mugler brands and Azzaro fragrances from Clarins Group. The completion of the deal will benefit Mugler and Azzaro brands will benefit from L’Oréal’s extensive network of the supply chain, funds, and class of the art innovation and research facilities. Meanwhile, L’Oréal can expand its fragrance offerings with the completion of this deal.
Influencing Market Trend
- Egg Shaped Foam is Highly in Demand Recently Because of its Longer Durability, and Easy to Apply
Market Drivers
- Increasing Per Capita Income of Middle Income Households in Developing Countries, Leading to them changing their Living Standard which Even Includes Use of Better Quality Cosmetics
- Growth in Cosmetic and Fashion Industry
- Increase in Working Women, which Increases the Disposable Income of Women on General
Opportunities
- Celebrity Endorsements can Help Product Penetration, as People Tend to follow what Celebrities Use
Restraints
- High Import Taxes and Other Tariffs on Import of High-Quality Brushes
Challenges
- Market Penetration into Developing Countries
- Competition for Global Players from Cheaper Local Manufacturers
Key Target Audience
Cosmetic Applicator Foam Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
Customization available in this Study:
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