Color Cosmetics Market Estimated at US$ 70.4 Billion in 2021 - Coherent Market Insights

Global color cosmetics market is estimated to be valued at US$ 70.4 Billion in 2021, according to the Global Color Cosmetics Market Report, by Product Type (Nail care, Lip Care, Eye Make-up), By Distribution Channel (Hypermarkets, Supermarkets, Specialty stores, Online Stores) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.

Global color cosmetics market was valued at US$ 70.4 Billion in 2021. Color cosmetics market is expected to register a CAGR of 4.7% over the forecast period (2022–2030) to reach US$ 106.2 Bn by 2030. Color cosmetics are used to enhance appearance and aroma of beauty products such as eye shadows, powders, foundations, lipsticks, and oral care products among others. Increase in working class personals across the globe, availability of different brands in retail stores at different prices are key factors driving market growth. Furthermore, growing awareness about using natural products is also driving demand for organic color cosmetics. As a result, several players such as Gemdo Cosmetics, OSTIUM Cosmétiques are gaining traction, owing to shifting preference among consumers for using natural ingredients.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/color-cosmetics-market-1317

Browse 50 market data tables* and 40 figures* on "Global Color Cosmetics Market” - Forecast to 2030.

Key Trends and Analysis of the Global Color Cosmetics Market:

• Increasing sales of color cosmetic products through online distribution channels is a major factor driving growth of global color cosmetics market. Several companies have their own e-commerce platforms and mobile apps to further increase their brand presence.

Key Takeaways of the Global Color Cosmetics Market:

• Asia Pacific is the dominant region in the global color cosmetics market, which held highest market share in 2021. This is, owing to increasing awareness regarding skin damage caused due to sun exposure, which has increased demand for various skin care and anti-blemish products.
• Europe is expected to be the second largest market for color cosmetics in terms of revenue over the forecast period. Continuous product innovation, new product launches and product endorsements are some of the key factors expected to drive growth of color cosmetics market in the region..
• Key players operating in the global color cosmetics market include Beiersdorf, Krylon, Estee Lauder Companies Inc., Amway, Avon Products Inc., CHANEL, CIATÉ, Coty Inc, Estée Lauder Inc, Johnson & Johnson, KRYOLAN, L'Oréal S.A, Revlon, Inc., Shiseido Company, Limited, and Unilever. These key players are adopting various growth strategies such as new product launches, development of new technologies, merger & acquisitions, strategic partnerships, joint ventures, collaborations, expansions, and research & development.