DUBLIN--(BUSINESS WIRE)--The "Global Color Cosmetics Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global color cosmetics market was valued at US$80.393 billion in 2019.
The global color cosmetics market is rising due to increasing consciousness among people about their appearance and the improving quality of life. Color cosmetics help in enhancing one's beauty and providing them confidence. The major driving factor for the growing color cosmetics market is the increase in the disposable income of people, changing lifestyles, and consciousness about their appearance. The growing numbers of working women are improving their lifestyle, demanding stylish and designer clothes. This is due to the high fashion sense among women.
The increasing presence of high fashion-conscious consumers and high disposable income are the major reasons for the high demand for color cosmetics. The developing countries are seeing a rise in their disposable income due to urbanization and growing industries. This is giving people the liberty to spend more of their income on their desired products. The rise in the number of women working in multi-national companies is giving rise to the formation of new markets for fulfilling their demands. This is encouraging global cosmetics companies to invest more in developing new products while diversifying their product line.
At the same time, a rapid increase in internet and smartphone penetrations has given rise to a new platform for retailers to sell cosmetics directly to the end-users. The increasing visibility and ease of accessibility of the online platform have raised the market for e-commerce companies. The color cosmetics market is increasing its presence in the online market by way of providing customers a convenient and wide range of products while investing low on advertising.
Companies Mentioned
- L'Oreal S.A.
- Estee Lauder Companies Inc.
- Avon Products, Inc.
- Coty Inc.
- Revlon Consumer Products Corporation
- Kryolan Professional Make-Up
- Shiseido Company Limited
- Chantecaille Beaute Inc.
- Unilever N.V.
- Ciat London
Premium products work heavily on brand loyalty
The premium product group targets mostly those customers who are brand loyal and mostly buy branded goods. The luxury goods mostly come in prestige target. As luxury goods are expensive and exclusive, only a group of select people are able to afford it. The luxury/premium color cosmetics market is usually driven by rich people. The mass product segment has a significant share in the global color cosmetics market. These color cosmetics are largely used by people of the middle and lower-income groups. The increasing innovation and affordability of color cosmetics is constantly spurring the market growth of mass product segment across the world. The increasing innovation by color cosmetics companies for providing consumers with a variety of options like anti-aging cream, UV protection lotions, etc. are fueling the market. The demand for organic color cosmetics is an upcoming trend and is going to increase the demand in the forecast period.
Facial Make-up has a notable amount of market share
The color cosmetics can be used for enhancing look on face, eyes, lips, nails, and hair. The increasing number of female workers around the world and increasing disposable income is growing the demand for color cosmetics. Facial make-up has a significant amount of market share due to various facial products including face powder, foundation, concealer, bronzer, and many more. The increasing shade of lipsticks and nail polish is growing the market for lip and nail application segments. The increasing purchasing power of the consumer, especially in emerging economies like India and China, will continue to boost the market of color cosmetics during the next five years.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Color Cosmetics Market Analysis, By Target Market
5.1. Introduction
5.2. Premium Products
5.3. Mass Products
6. Global Color Cosmetics Market Analysis, By Application
6.1. Introduction
6.2. Nail products
6.3. Lip products
6.4. Eye Make-up
6.5. Facial Make-up
6.6. Hair Color Products
6.7. Special Effects Products
6.8. Others
7. Global Color Cosmetics Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/f6bf45
