Colour Cosmetics Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
Colour Cosmetics Market size isexpected to reach USD 91,779.1 million by 2027, exhibiting a CAGR of 3.6%during the forecast period. The growing awareness about cosmetic productscoupled with evolving lifestyles of consumers will contribute positively to thegrowth 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, andMass Product), By Distribution (Offline, and Online) By Application (NailProduct, Hair Product, Lip Product, Face Product, and Others), and RegionalForecast, 2020-2027.” Themarket size stood at USD 72,376.2 million in 2019.
The entire world is fighting with theCOVID-19 pandemic, which has severely disrupted trades across the globe. Theauthorities of several countries have initiated lockdown to prevent the spreadof this deadly virus. Such plans have caused disturbances in the production andsupply chain. But, with time and resolution, we will be able to combat thisstern time and get back to normality. Our well-revised reports will helpcompanies to receive in-depth information about the present scenario of everymarket so that you can adopt the necessary strategies accordingly.
The colour cosmetics market highlightsa grand study of the market, it sheds on vital facts and figures. It alsooffers authoritative data about dominant regions, policies adopted bygovernments and companies. Besides, providing a brief overview of the marketwith future insights. The report also encompasses key factors exhibitinggrowth. In addition, COVID-19 impact is also covered in the report.
Market Driver:
Significant Demand for OrganicallyProduced Cosmetic Products to Aid Growth
The increasing cognizance about organicproducts made from natural substitutes in the cosmetic industry will spuropportunities for the market. Moreover, the growing demand for vegan productsamong beauty and skin conscious consumers will foster healthy growth of themarket. Thus, the increasing production of chemical-free cosmetic products willconsequently enable speedy expansion of the market. The shift fromchemical-based to organic products made from natural ingredients will promotethe growth of the market. Furthermore, the rising disposable income hasresulted in heavy demand for colour cosmetic products, hence boosting themarket.
Interrupted Import/Export Activities toRetard Business Amid Coronavirus
The coronavirus pandemic has criticallyhampered the import and export activities of cosmetic products. The disruptedcosmetic industry has experienced a massive loss owing to the coronavirus.According to the McKinsey report, in China, the cosmetic industry declined byup to 80% in February, and in March, a 20% decline was seen on a year-on-yearbasis. Moreover, the drop-in retail sales have led to impediment for themarket. However, the online purchase of cosmetic products has escalated due tothe lockdown, which, in turn, will aid the market. Besides, the temporaryclosure of beauty salons will drastically affect the global market during theforecast period.
Regional Analysis:
Improving Economic Conditions toInfluence Growth in Asia Pacific
The market in Asia Pacific is expectedto dominate the global market during the forecast period owing to the growingdemand for skin care products in developing countries such as China, Japan, andIndia. The improving economic conditions have resulted in high demand forcosmetic products in the region. The surging middle-class population willcontribute positively to the growth of the market in Asia Pacific. Europe isexpected to hold a significant share in the global market owing to the highdemand for premium cosmetic products. Germany accounts for a high share due tothe high consumption of cosmetic products in the region.
List of Top Players Profiled in theColour 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 ofK-beauty products due to the success of the trend collection of the first batchin the previous year. This K-beauty range has made Avon’s partnership withKorean manufacturers and enabling to bring innovative products and formulaswith authentic ingredients to customers from various regions.
Browse Detailed Summary of ResearchReport 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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