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.
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