Color Cosmetics Market to Grow with a CAGR of 5.6% Globally through 2028
Rising awareness of cosmetics products and increasing
influence of social media are driving the Global Color Cosmetics Market in the
forecast period 2024-2028.
According to TechSci Research report, “Global Color
Cosmetics Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Color Cosmetics Market stood at USD 74.56
Million in 2022 and is anticipated to grow with a CAGR of 5.6% in the forecast
period, 2024-2028. The Global Color Cosmetics Market is a diverse industry that
encompasses a wide range of products, each catering to different consumer needs
and preferences. Moreover, advancements in cosmetic formulations, such as long-lasting
and cruelty-free products, have further fueled the market's expansion. Lipsticks are among the most iconic and popular
products in the color cosmetics market. They come in various forms, including
traditional bullet lipsticks, liquid lipsticks, lip glosses, lip liners, and
lip balms. Lip products are used to add color, definition, and texture to the
lips, enhancing the overall facial appearance. Recent trends include
long-lasting and smudge-proof formulations, a wide range of shades to suit
diverse skin tones, and the incorporation of skincare ingredients for added
hydration and protection. Lip products also often reflect seasonal and fashion
trends, making them a dynamic segment of the market.
Foundations, BB creams, CC creams, and other face
products form the base for makeup application. These products are designed to
even out skin tone, conceal imperfections, and create a smooth canvas for the
rest of the makeup. Innovations in this segment include foundations with added
skincare benefits, such as sun protection, hydration, and anti-aging
properties. Moreover, the market is witnessing an increasing focus on inclusive
shade ranges that cater to a diverse range of skin tones, addressing the demand
for representation and customization.
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Eye makeup products, including eyeshadows, eyeliners,
mascaras, and brow products, are essential for enhancing the eyes and creating
various looks, from natural to bold and dramatic. Eyeshadow palettes with a
multitude of shades have gained popularity, allowing consumers to experiment
with different eye looks. Waterproof and smudge-resistant formulas, as well as
cruelty-free and vegan options, are also in demand. The rise of beauty
influencers and tutorials on social media has fueled interest in eye makeup, as
consumers seek to replicate popular looks. These products are used to add
dimension and radiance to the complexion. Blushes provide a healthy flush of
color to the cheeks, while bronzers create a sun-kissed glow. Highlighters
accentuate the high points of the face, adding luminosity. Multi-purpose
products that can be used as blush, bronzer, and highlighter are gaining
popularity for their versatility and convenience. Moreover, the market has seen
a trend toward clean and cruelty-free formulations in this segment, aligning
with consumer demands for safer and ethical products.
Nail cosmetics include nail polishes, nail lacquers,
nail gels, and nail care products. These products are used to decorate and
strengthen nails, with a wide range of colors, finishes, and effects available.
Nail art, nail extensions, and specialized nail treatments have grown in
popularity, driving innovation in this segment. Nail polishes are often used to
express personal style and follow seasonal fashion trends. Consumers are also
increasingly concerned about the health of their nails, leading to a demand for
nail care products that offer strengthening, hydration, and protection.
In summary, the Global Color Cosmetics Market offers a
diverse array of products designed to enhance and beautify the face, eyes,
lips, and nails. The industry is characterized by constant innovation, driven
by evolving consumer preferences and the desire for safe, inclusive, and
sustainable beauty products. With a focus on quality, efficacy, and aesthetics,
the color cosmetics market continues to evolve to meet the ever-changing
demands of beauty-conscious consumers worldwide. The Global Color Cosmetics Market is segmented into type,
distribution channel, regional distribution, and company. Based on type the market is segmented into premium
products and mass products.
The Global Color Cosmetics Market is experiencing a
rising demand for premium products driven by discerning consumers seeking
higher quality and enhanced experiences. Premium cosmetics offer superior
formulations, extended shade ranges, innovative technologies, and luxurious
packaging, creating an exclusive and indulgent user experience. As consumers
increasingly prioritize quality and sophistication, premium products are
gaining popularity, presenting lucrative opportunities for brands that can meet
these demands while delivering exceptional value and performance.
Based on distribution channel the market is segmented
into offline and online. Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Color
Cosmetics Market are:
- Chantecaille Beaute Inc
- The Este Lauder Companies Inc
- Coty Inc
- Unilever N.V
- Ciate London
- Loreal Group
- Kryolan Professional Make-Up
- Shiseido Co. Ltd
- Revlon Inc
- Avon Products, Inc
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“Incorporation of advanced ingredients in products is
a significant trend that is expected to have an impact on growth over the
forecasted period. Rising demand for premium products, rising awareness of
skincare, and changing consumer preference will positively impact the Global Color
Cosmetics Market. Due to the wide range of products available to meet specific
needs of, as well as the growing popularity of the online distribution channel,
the market is growing at impressive rate through projected period,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Color
Cosmetics Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Premium Products, Mass Products), By Distribution
Channel (Offline, Online), By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Color Cosmetics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Color Cosmetics Market.
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