Colour Cosmetics Market Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2027
Colour Cosmetics Market size is
expected to reach USD 91,779.1 million by 2027, exhibiting a CAGR of 3.6%
during the forecast period. The growing awareness about cosmetic products
coupled with evolving lifestyles of consumers will contribute positively to the
growth of the market, states Fortune Business Insights, in a report,
titled “Colour Cosmetics Market Size,
Share & COVID-19 Impact Analysis, By Target Market (Prestige Product, and
Mass Product), By Distribution (Offline, and Online) By Application (Nail
Product, Hair Product, Lip Product, Face Product, and Others), and Regional
Forecast, 2020-2027.” The market size stood at USD 72,376.2 million
in 2019.
The entire world is fighting with the
COVID-19 pandemic, which has severely disrupted trades across the globe. The
authorities of several countries have initiated lockdown to prevent the spread
of this deadly virus. Such plans have caused disturbances in the production and
supply chain. But, with time and resolution, we will be able to combat this
stern time and get back to normality. Our well-revised reports will help
companies to receive in-depth information about the present scenario of every
market so that you can adopt the necessary strategies accordingly.
The colour cosmetics market highlights
a grand study of the market, it sheds on vital facts and figures. It also
offers authoritative data about dominant regions, policies adopted by
governments and companies. Besides, providing a brief overview of the market
with future insights. The report also encompasses key factors exhibiting
growth. In addition, COVID-19 impact is also covered in the report.
Market Driver:
Significant Demand for Organically
Produced Cosmetic Products to Aid Growth
The increasing cognizance about organic
products made from natural substitutes in the cosmetic industry will spur
opportunities for the market. Moreover, the growing demand for vegan products
among beauty and skin conscious consumers will foster healthy growth of the
market. Thus, the increasing production of chemical-free cosmetic products will
consequently enable speedy expansion of the market. The shift from
chemical-based to organic products made from natural ingredients will promote
the growth of the market. Furthermore, the rising disposable income has
resulted in heavy demand for colour cosmetic products, hence boosting the
market.
Interrupted Import/Export Activities to
Retard Business Amid Coronavirus
The coronavirus pandemic has critically
hampered the import and export activities of cosmetic products. The disrupted
cosmetic industry has experienced a massive loss owing to the coronavirus.
According to the McKinsey report, in China, the cosmetic industry declined by
up to 80% in February, and in March, a 20% decline was seen on a year-on-year
basis. Moreover, the drop-in retail sales have led to impediment for the
market. However, the online purchase of cosmetic products has escalated due to
the lockdown, which, in turn, will aid the market. Besides, the temporary
closure of beauty salons will drastically affect the global market during the
forecast period.
Regional Analysis:
Improving Economic Conditions to
Influence Growth in Asia Pacific
The market in Asia Pacific is expected
to dominate the global market during the forecast period owing to the growing
demand for skin care products in developing countries such as China, Japan, and
India. The improving economic conditions have resulted in high demand for
cosmetic products in the region. The surging middle-class population will
contribute positively to the growth of the market in Asia Pacific. Europe is
expected to hold a significant share in the global market owing to the high
demand for premium cosmetic products. Germany accounts for a high share due to
the high consumption of cosmetic products in the region.
List of Top Players Profiled in the
Colour Cosmetics Market are:
- L'Oréal S.A (Clichy, France)
- Unilever (London, UK)
- Avon Products Inc. (London, UK)
- Estée Lauder Inc (New York, U.S.)
- Shiseido Company, Limited (Tokyo, Japan)
- Revlon, Inc. (New York, U.S.)
- Coty Inc. (New York, U.S.)
- Amway (Michigan, U.S.)
- KRYOLAN (Berlin, Germany)
- CIATÉ (London, UK)
- Procter & Gamble (Ohio, U.S.)
- Other Key Players
Key Development:
April 2020: Avon announced the launch of the second batch of
K-beauty products due to the success of the trend collection of the first batch
in the previous year. This K-beauty range has made Avon’s partnership with
Korean manufacturers and enabling to bring innovative products and formulas
with authentic ingredients to customers from various regions.
Browse Detailed Summary of Research
Report with TOC:
https://www.fortunebusinessinsights.com/colour-cosmetics-market-104305
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Colour
Cosmetics Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Colour Cosmetics Market Analysis, Insights and Forecast,
2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Target Market (Value)
- Prestige Products
- Mass Products
- By Distribution (Value)
- Offline
- Online
- By Application (Value)
- Nail Product
- Hair Product
- Lip Product
- Face Product
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TOC Continued…!
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