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Global Color Cosmetics Market Size, Share, Trends, Report: By Target Market: Mass Product, Prestige Product; By Application: Facial Make-up, Lip Product, Eye Make-up, Nail Product, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Colour Cosmetics Market Outlook
The global colour cosmetics market size attained a value of approximately USD 79.12 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.8%, reaching a value of around USD 110.88 billion by 2032.
A growing interest in colour cosmetics as a hobby and art form is anticipated to contribute to the expansion of the colour cosmetics market share in the coming years. With the increasing penetration of social media, women and men are experimenting with vivid colour cosmetics to try out new looks and styles, augmenting the demand for the market for colour cosmetics. Globalisation is further bolstering the market for colour cosmetics as key players expand their product offerings worldwide and adapt colour cosmetics to suit local preferences. Development of new colour cosmetics with novelty textures, shades, and features are a key trend influencing the market. Rising disposable incomes are also augmenting the demand for premium colour cosmetics, which is expected to continue to increase in the coming years.
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Growing Demand for Versatile and Innovative Products is Augmenting the Market for Colour Cosmetics
The market for colour cosmetics is being aided by evolving beauty trends, which are surging the demand for versatile cosmetics. As young consumers are increasingly experimenting with their make-up looks, the demand for diverse colour cosmetics is escalating, thus fuelling the market growth. In addition, the increasing demand for selfie-friendly make-up is surging the use of vibrant eye and lip make-up, which is propelling the market for colour cosmetics. The emerging trend of no-make-up make-up is increasing the preference for colour cosmetics that intensify natural beauty, which is significantly contributing to the growth of the market.
Increasing Preference for Clean-Labelled Colour Cosmetics Propelling the Colour Cosmetics Market Growth
The growing trend of clean beauty is increasing the demand for colour cosmetics made of skin-friendly and ethical ingredients. This is leading to a surge in the development of colour cosmetics with botanical-rich formulas and health-conscious ingredients. Moreover, the longevity and high-quality provided by clean colour cosmetics are increasing their demand, which is significantly contributing to the market growth. The development of lightweight cosmetics that utilise clean-labelled ingredients for everyday use is further bolstering the growth of the market. In addition, the initiation of various research and development activities to develop effective colour cosmetics for versatile skin tones is expected to drive the market growth in the forecast period.
Colour Cosmetics Market Segmentation
Colour cosmetics refer to colourants and cosmetic ingredients that are used in various personal care products. They enhance the appearance of the human body, which is why they are included in nail care, lip care, eye make-up, and facial make-up products. The colourants aid in the creation of colour in a wide range of products like eyeshadows and lipsticks, among others.
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Based on target market, the colour cosmetics market segmentation is:
- Mass Product
- Prestige Product
On the basis of application, the market is divided into:
- Facial Make-up
- Lip Product
- Eye Make-up
- Nail Product
- Others
The EMR report looks into the regional markets of colour cosmetics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Demand for Saturated Tones to Drive the Colour Cosmetics Market Demand
The rising demand for colour cosmetics with organic origins and saturated tones owing to evolved consumer preferences is driving the market growth. The increasing focus on bold eye-make-up is surging the demand for coloured products, such as eyeshadows, mascaras, and kohls, among others, hence augmenting the growth of the market for colour cosmetics. In addition, the emerging trend of at-home beauty is expected to increase the demand for easy to use colour cosmetics. This, in turn, is increasing the demand for colour cosmetics, which is predicted to propel the growth of the market in the coming years.
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The hybridisation of colour cosmetics with skincare ingredients to enhance their benefits is one of the primary trends in the colour cosmetics market. As make-up is increasingly used as a form of self-expression by millennial and Gen-Z consumers, the demand for bold and flashy colours is surging, which is strengthening the market for colour cosmetics. Moreover, the growing popularity of K-beauty is increasing the demand for multi-purpose products that can be used as both cosmetics and skincare products. This is encouraging the launch of innovative and cost-effective colour cosmetics, which is estimated to bolster the market growth in the forecast period.
Key Players in the Global Colour Cosmetics Market
The report presents a detailed analysis of the following key players in the global colour cosmetics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Unilever plc
- L’Oréal S.A
- Avon Products, Inc.
- The Estée Lauder Companies Inc.
- Shiseido Co. Ltd.
- Chantecaille Beauté
- Revlon, Inc.
- Coty Inc.
- NARS Cosmetics
- Giorgio Armani S.p.A.
- Brand Agency (London) Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Target Market |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Colour Cosmetics Market Analysis
8.1 Key Industry Highlights
8.2 Global Colour Cosmetics Historical Market (2018-2023)
8.3 Global Colour Cosmetics Market Forecast (2024-2032)
8.4 Global Colour Cosmetics Market by Target Market
8.4.1 Mass Product
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Prestige Product
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Colour Cosmetics Market by Application
8.5.1 Facial Make-up
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Lip Product
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Eye Make-up
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Nail Product
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Colour Cosmetics Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Colour Cosmetics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Colour Cosmetics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Colour Cosmetics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Colour Cosmetics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Colour Cosmetics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Unilever plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 L’Oréal S.A
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Avon Products, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 The Estée Lauder Companies Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Shiseido Co. Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Chantecaille Beauté
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Revlon, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Coty Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 NARS Cosmetics
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Giorgio Armani S.p.A.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Brand Agency (London) Ltd
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Colour Cosmetics Market: Key Industry Highlights, 2018 and 2032
2. Global Colour Cosmetics Historical Market: Breakup by Target Market (USD Billion), 2018-2023
3. Global Colour Cosmetics Market Forecast: Breakup by Target Market (USD Billion), 2024-2032
4. Global Colour Cosmetics Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Colour Cosmetics Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Colour Cosmetics Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Colour Cosmetics Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Colour Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Colour Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Colour Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Colour Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Colour Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Colour Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Colour Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Colour Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Colour Cosmetics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Colour Cosmetics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Colour Cosmetics Market Structure
Key Questions Answered in the Report
In 2023, the global market for colour cosmetics attained a value of approximately USD 79.12 billion.
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 110.88 billion by 2032.
The market is being driven by evolving beauty trends, increasing demand for photography-friendly make-up, and the rising preference for clean-labelled colour cosmetics.
The key colour cosmetics market trends include the rising demand for saturated-tone colour cosmetics, growing focus on bold eye-make-up, and the increasing hybridisation of colour cosmetics with skincare ingredients.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant target markets of colour cosmetics are mass product and prestige product.
The various applications of colour cosmetics in the market are facial make-up, lip product, eye make-up, and nail product, among others.
The major players in the market, according to the report, are Unilever plc, L’Oréal S.A, Avon Products, Inc., The Estée Lauder Companies Inc., Shiseido Co. Ltd., Chantecaille Beauté, Revlon, Inc., Coty Inc., NARS Cosmetics, Giorgio Armani S.p.A., and Brand Agency (London) Ltd, among others.
Analyst Review
The global colour cosmetics market attained a value of approximately USD 79.12 billion in 2023, driven by the increasing demand for selfie-friendly make-up. Aided by the increasing hybridisation of colour cosmetics with skincare ingredients, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.8%. The market is projected to reach a value of around USD 110.88 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on target markets, colour cosmetics are bifurcated into mass product and prestige product. On the basis of application, the market is divided into facial make-up, lip product, eye make-up, and nail product, among others. The major regional markets for colour cosmetics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Unilever plc, L’Oréal S.A, Avon Products, Inc., The Estée Lauder Companies Inc., Shiseido Co. Ltd., Chantecaille Beauté, Revlon, Inc., Coty Inc., NARS Cosmetics, Giorgio Armani S.p.A., and Brand Agency (London) Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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