Industry Overview
The Global Color Cosmetics Market is currently valued at USD 9.8 billion in 2023 and is expected to grow to USD 87.9 billion by 2030 with a growth CAGR of 6.8% during the forecasted period. There are several numbers of products and brands that offer a large number of coloured cosmetics to consumers. The providers are required to maintain a strong point of difference for their offerings to gain a maximum consumer base and attain maximum consumer retention.
The growing number of online retailing channels has increased the accessibility of these products and can capture a large consumer base. Cosmetic manufacturers are increasingly using online modes to develop an online store and are also required to maintain strong relations with the existing retail channels to satisfy the increasing demand of their consumers and maximize their utility.
Colour cosmetics refer to the colourants and cosmetics ingredients that help consumers enhance the appearance of the human body. It includes products such as eyeshadows, foundations, nail paints, lipsticks, powers, and others. Its range varies from brand to brand and gains maximum consumers from the products that develop a point of difference in their product offerings.
Market Segmentation
Insight by Category
On the basis of category, the colour cosmetics market is categorized into prestige products and mass products. Among the two categories, the mass product is expected to hold the larger market share during the forecast period owing to pocket-friendly pricing and its large customer base. On the other hand, the prestige product segment is expected to grow at a faster rate than the mass product segment as brand consciousness and loyalty is increasing among the prestige color cosmetics customers in the developed regions.
Insight by Application
On the basis of application, the colour cosmetics market is categorized into nail products, lip products, eye make-up, facial make-up, hair colour products, and special effect products. Applications such as lip products, facial make-up, nail products, and hair colour products are expected to register higher growth than other applications during the forecast period.
Global Color Cosmetics Market Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2023
|
U.S.D. 9.8 Billion
|
|
Revenue Forecast in 2030
|
U.S.D. 87.9 Billion
|
|
Growth Rate
|
6.8%
|
|
Segments Covered in the Report
|
By Category and By Application
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
North America, Europe, Asia-Pacific, Middle East, and Rest of the World
|
Industry Dynamics
Drivers
The primary factors that are aiding towards the growth of the global color cosmetics market include the increasing awareness among the consumers regarding their appearance and the attractive packaging of these color cosmetics. The booming fashion industry is making the younger population conscious regarding their physical appearance and the offerings introduced by the personal care industry is satisfying the social needs of these consumers. The young girls are increasingly following their fashion ideals, as a result, the cosmetic companies are making those celebrities as their brand ambassadors which have greater popularity in the overall market.
With an increasing number of working populations globally, the trend for coloring their lips, nails and eyelashes are increasing and as a result, the cosmetic manufacturers are rapidly increasing their make-up range and enhancing the distribution reach as the new players enter the market. The attractive packaging that comes with these cosmetic products makes it very appealing and gain instant attention from the consumers. Moreover, these factors are increasingly affecting the demand for color cosmetic market globally.
Opportunities
The increasing demographics and disposable income in developing countries such as China and India are expected to create greater opportunities for global color cosmetic market. Additionally, the continuous expansion in loyalty to the color cosmetic products and the increasing demand for organic cosmetic products and continuous innovation in color cosmetic products is expected to create greater opportunities for this market to grow globally.
The manufacturers are progressively introducing new colors in lipsticks, nail paints, foundations, face powder and eyeshadows which create a wider scope of expansion for color cosmetics market. The new products introduced are increasingly adopted by the innovators and early adopters of the adoption process cycle that comprises of the majority of the market globally and supports the growth of the global color cosmetics market. However, the high cost of quality chemicals, economic downturn, strict regulations and the high price of packaging are the major factors restraining the growth of global color cosmetic market.
Geography Overview
Geographically, North America is the largest color cosmetics market as the demand for beauty and personal care products in the region is increasing. The growing demand for organic cosmetic products, technological upgradation in the color cosmetics, attractive packaging and increasing consumer health awareness about personal care and fashion trends are expected to drive the growth of this market in North America.
The global color cosmetics market is expected to witness the fastest growth in Asia-Pacific. The increasing disposable income of the population, accelerating consciousness regarding appearance and improving quality of life are the major factors contributing towards the growth of the color cosmetics market in this region.
Competitive Insight
Some of the key players operating in the global color cosmetics industry include Unilever N.V., L'oréal Group, Avon Products, Inc., The Estée Lauder Companies Inc., Shiseido Co. Ltd., Coty Inc., Revlon Inc., Ciaté London, Chantecaille Beaute Inc. and Kryolan Professional Make-Up.
The Color Cosmetics Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
- By Category
- Prestige Products
- Mass Products
- By Application
- Nail Products
- Lip Products
- Eye Make-Up
- Facial Make-Up
- Hair Color Products
- Special Effect Products
Region Covered in the Report
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
.png "Color Cosmetics Market Size")
Source: VynZ Research
.png "Color Cosmetics Market Analysis")
Source: VynZ Research
