The Color Cosmetics Market is valued at USD 76.59 Billion in 2021 and is expected to reach USD 112.90 Billion by 2028 with a CAGR of 5.7% over the forecast period.
Global Color Cosmetics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Rising number of product offerings, increasing consciousness regarding skin diseases, and rising disposable income of people are some of the major factors expected to accelerate the growth of the Global Color Cosmetics Market.
Color cosmetics are personal care products that benefit to improve the appearance of the human body. Color cosmetics include the colorants and cosmetic ingredients used for make-up, skincare, personal hygiene, hair care, fragrance, and oral care. Color cosmetics are the mixture of chemicals used for enhancing the appearance or imparting aroma to the human body. These cosmetics also include facial makeup products, nail care products, lip care products, and eye make-up products. These products are available at exclusive brand outlets, supermarkets, and specialty stores and are available through online channels.
The Covid-19 outbreak has also affected the color cosmetics market in the year 2020. Covid-19 pandemic affected the global color cosmetics industry harshly; top color cosmetic companies were able to rapidly recover by shifting their focus temporarily to the manufacturing of sanitizers and products for healthcare workers. However, the color cosmetics market has been a long-standing sector that has collective a huge number of loyal customers over a span of time.
The color cosmetics market is segmented based on type, distribution channel, product category and geography. Based on type, the color Cosmetics market is segmented into chemical and natural & organic. Based on distribution channel, the color cosmetics market is segmented into hypermarket/ supermarket, convenience store, specialty store, direct selling, and e-Commerce. Based on product category, the color cosmetics market is segmented into nail products, facial makeup, eye makeup, lip products, hair colour products, and special effects products.
The regions covered in this color cosmetics market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of color cosmetics is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some of the key players for Color Cosmetics are
On January 3rd, 2022; L’Oreal unveiled latest beauty tech innovations ahead of CES 2022: reinventing hair coloration with two user-design breakthrough innovations dedicated to transform the experience both at home for consumers and in hair salons for professionals coloright and color sonic.
On July 24th, 2021; Bloomers launched colours cosmetics a new brand of drugstore makes up in India. They are offered wide range of products such as foundations and lipsticks which are available in local marts and pharmacy stores also.
On April 19th, 2021; Leading Biotech Company, Amyris, announced the acquisition of Beauty Labs International, adding 7th clean color cosmetics brand to its portfolio.
On January 30th, 2020; Revlon announced the launch of a new vegan hair care range named Total Color, with Chef and Author Katie Lee named as the Global Ambassador of the brand.
Rising number of product offering and growing awareness regarding these products among consumers are some of the major factors driving the market growth. The color cosmetic preparations can help improve mental wellbeing, by empowering consumers and boosting self-confidence. The color cosmetic is the cleaning, beautifying, adding to the attractiveness, altering the appearance, or keeping or promoting the skin or hair in good condition. These products enhanced the look, define facial features, and conceal spots and marks while also providing a refreshing and healthy appearance. Recently, in February 2022; Boohoo Beauty launched a collection with a wide range of cosmetics, including lip gloss, lipstick, highlighter sticks, blush, setting sprays and cosmetic palettes.
The entire range is accessible individually and in variable bundles. Boohoo’s lipstick collection features matte and classic finishes in seven shades including beige nude, red, pink, dark pink, rose, pale nude and warm nude. The products intend to provide hydration, enhance lip shape, and add different colors. As well as on July 24th, 2021; Bloomers launched colors cosmetics a new brand of drugstore makes up in India. Increasing consciousness regarding skin diseases is also supplementing the growth of the global color cosmetics market. For example; according to the Colorado Springs dermatology institute in 2020; the most common skin condition acne is, affecting roughly 40 to 50 million individuals annually.
However, the use of chemical-based colour cosmetics such as contact urticarial, pigmentary syndromes, damage of hair and nails, photosensitization, and others may hinder the market growth. As well as high costs of quality chemicals, strict government regulations, and high packaging costs may also restrain the market growth. In spite of that, the numerous benefits offered by colour cosmetics products such as anti-tan and anti-aging may create more growth opportunities for the further growth of the global colour cosmetics market.
Geographically, North America is expected to account for the largest share of the global color cosmetics market owing to High disposable income, high awareness regarding the benefits of using these products and presence of key players and premium brands such as; Estee Lauder, L’Oréal, Louis Vuitton Moët Hennessy (LVMH), Dior, and others in this region. According to an article, there are 104,839 beauty, cosmetics & fragrance stores businesses in the US as of 2022, an increase of 0.9% from 2021.
Asia Pacific is expected to witness the fastest growth in the global colour cosmetics market owing to the increasing awareness regarding these products among consumers, rising availability of these products, and growing eCommerce industry in this region. Increasing adoption of online shopping applications such as Nykaa, Amazon, and others have increased the sales of colour cosmetics in India. According to the Nykaa has been the primary driver of increasing online penetration in the India with 40% market share.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 76.59 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 112.90 Billion|
|Tables, Charts & Figures:||175|
|Color Cosmetic Manufacturers||Unilever N.V., L’Oreal Group, Bloomers, Avon Products, Inc., The Estée Lauder Companies Inc., Kryolan Professional Make-Up, Ciaté London, Shiseido Co. Ltd., Coty Inc., Chantecaille Beaute Inc., Revlon Inc., others|
|Segments Covered||By Type, By Distribution Channel, By Product Category|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|