The significant development in the economy the demand
of cosmetics and personal care products has grown more significantly in the
recent trend around the globe. Moreover, global color cosmetics market is
predicted to be operated by the rising inclination of the buyers towards beauty
advancement products primarily due to the widespread fashion trends. In the
present era, such as the development of the sweat proof colors in cosmetics as
well as natural and organic colors in color cosmetics have boosted the demand
for color cosmetics around the globe. Moreover, across the globe, the color
cosmetics are proposed to utilize in contact with the various superficial parts
of the human body such as face, lips, eyes and nails. Besides all this the key
players of this market are introducing various major trends for leading the
market demand in the near future with the establishment of new strategic
techniques.
According to the report analysis, ‘Global Color Cosmetic Market Research
Report- Forecast to 2023’ states that some of the major companies which
are currently functioning in this market more actively for attaining the
effective market share around the globe includes LOreal SA (France), Shiseido
Co., Ltd (Japan), Unilever Plc (UK), Estee Lauder Cos., Inc. (US), Amorepacific
Corp. (South Korea), Avon Products, Inc. (UK), LVMH Moet Hennessy Louis Vuitton
SE (France), Coty, Inc. (US), Chanel S.A. (France), Clarins (France),
NaturaCosmeticos S.A. (Brazil), Revlon, Inc. (US), Mary Kay, Inc. (US), KOSE
Corp. (Japan), Kryolan GmbH (Germany), Carslan (China), Marie Dalgar (China),
Lansur (China), and Mao Geping Cosmetics Co., Ltd (China). Whereas, the
manufactures of cosmetics are incorporating the color cosmetics with the skin
care advantages such as UV protection and hydration. Furthermore, the key
players and manufactures are serving their product with the help of different
distribution channel which has been segmented into store-based and non-store
based. The segment of store based is anticipated to register for the main
market proportion during the near future due to the strong vendor networks.
Meanwhile, the non-store based sector is forecasted to observe a substantial
growth rate of 6.7% during the forecast period of 2018-2025.
On the basis of geography, the global market of color
cosmetics is spread around the globe which majorly includes North America,
Europe, Asia-Pacific and the rest of the world. For instance, in 2018, the
region of North America is estimated to dominate the color cosmetic market
around the globe as by the end of 2025 it is projected to reach USD 29.4
billion. Moreover, the US is anticipated to contribute to the market growth
more actively in the North America. In 2018, the market of Europe is
anticipated to account for 28.7% of the market share and is anticipated to register
a moderate growth rate during the near future. The market of color cosmetics in
the Asia Pacific region is projected to account the huge CAGR of 6.4% in the
forecasted period.
It is expected that the global market of color
cosmetics will grow in the near future over the decades with the more
development in the packaging material and techniques of product
making.
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