Pune, India, Oct 06, 2021 (GLOBE NEWSWIRE) – According to Fortune Business Insights ™, the global color cosmetics market is expected to gain traction with the growing awareness of cosmetics and personal grooming. He increased the consumption of these products. In addition, the growing awareness of personal hygiene due to the coronavirus pandemic is also likely to fuel the market in the years to come. According to the report, the market size was $ 68.41 billion in 2020. It is expected to grow from $ 70.33 billion in 2021 to $ 90.76 billion in 2028 at a CAGR of 3.7% during the period forecast 2021-2028.

Report Coverage:

The research report focuses on the analysis of Color Cosmetics by considering the contributions, outlook and growth trends. It presents detailed profiles of the major players present in the market to determine their skills in each segment. In addition, he works to help our clients better understand the competitive landscape, such as mergers and acquisitions, new product launches, joint ventures and collaborations.

Determining factors:

Growing demand for organic cosmetics to promote growth

The growing demand for organic, sustainable and natural beauty products is expected to drive the growth of the color cosmetics market. In addition, the growing popularity of vegan products is also likely to favor the market. Therefore, many manufacturers are developing organic and chemical-free products whose color comes from natural sources. In addition, the growing consumer demand for cost-effective cosmetics is promoting product demand.

On the other hand, the growing awareness of environmental and animal protection has prompted manufacturers to turn to herbal cosmetics, which is affecting the growth of the market.

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Regional perspectives

Asia-Pacific to dominate with growing demand for skin care products in the region

Asia-Pacific is expected to remain at the forefront and occupy the highest position in this market during the forecast period due to the increasing demand for skin care products from countries such as China, Japan, Korea and India. In addition, the rise in disposable income in the region is also accelerating the regional market. The region was worth USD 29.05 billion in 2020.

Europe is expected to have a significant market share for color cosmetics in the coming years, due to the growing demand for cosmetics from all levels of consumers. In addition, the constantly changing lifestyle of consumers acts as the main driver for high-end cosmetic products. In Europe, Germany is one of the main evolving cosmetic countries due to the high consumption of direct and indirect economic activity which improves the cosmetics industry value chain.

Segments

Based on distribution, the market is divided into offline and online. The offline product segment dominated the market. This is because many consumers prefer to check the demo and the quality of the product in person before purchasing. In addition, these products are easily accessible as they are available at drugstores, convenience stores, retail stores and salons.

Competitive landscape

Key players to focus on for new launches to strengthen their market prospectus

The global color cosmetics market contains a large number of leading companies that are constantly trying to develop unique devices to meet the demand of patients around the world. To do this, they partner with local or reputable companies, launch new solutions and collaborate to strengthen their portfolio in the market.

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Fortune Business Insights features some of the leading companies operating in the color cosmetics market. They are as follows:

  • L’Oréal SA (Clichy, France)
  • Unilever (London, UK)
  • Avon Products Inc. (London, UK)
  • Estée Lauder Inc (New York, United States)
  • Shiseido Company, Limited (Tokyo, Japan)
  • Revlon, Inc. (New York, United States)
  • Coty Inc. (New York, United States)
  • Amway (Michigan, United States)
  • KRYOLAN (Berlin, Germany)
  • CIATÉ (London, United Kingdom)
  • CHANEL (Paris, France)

Below is the development of the industry:

October 2020: Amway India has announced the launch of a personalized skin care solution product with Artistry Signature Select named Personalized Serum. With this launch, the company marked its presence in the skin care serums segment. This will improve the company’s product portfolio in the Indian market.

Main Table of Contents for Color Cosmetics Market:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Main emerging trends – for the main countries
    • Key developments: Mergers, Acquisitions, Partnerships, etc.
    • Latest technological advancements
    • Overview of the regulatory scenario
    • Porters Five Forces Analysis
  • Qualitative analyzes – Impact of COVID-19 on the global color cosmetics market
    • Supply chain challenges
    • Measures taken by government / companies to overcome this impact
    • Potential opportunities due to the COVID-19 epidemic

Browse the detailed research information with the table of contents:

https://www.fortunebusinessinsights.com/colour-cosmetics-market-104305

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