Colour Cosmetics Market By Industry Size Estimation, Industry Share, Future Demand, Dynamics, Drivers, Research Methodology By 2027
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Jan 28, 2021 (The Expresswire) —
The global ”cosmeticsmarket” size is expected to reach USD 91,779.1 million by 2027, exhibiting a CAGR of 3.6% during the forecast period. The growing awareness about cosmetic products coupled with evolving lifestyles of consumers will contribute positively to the growth of the market, states Fortune Business Insights, in a report, titled“Colour Cosmetics Market Size, Share and COVID-19 Impact Analysis, By Target Market (Prestige Product, and Mass Product), By Distribution (Offline, and Online) By Application (Nail Product, Hair Product, Lip Product, Face Product, and Others), and Regional Forecast, 2020-2027.”The market size stood at USD 72,376.2 million in 2019.
The entire world is fighting with the COVID-19 pandemic, which has severely disrupted trades across the globe. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
The colour cosmetics market highlights a grand study of the market, it sheds on vital facts and figures. It also offers authoritative data about dominant regions, policies adopted by governments and companies. Besides, providing a brief overview of the market with future insights. The report also encompasses key factors exhibiting growth. In addition, COVID-19 impact is also covered in the report.
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List of Top Players Profiled in the Colour Cosmetics Market are:
- L’Oréal S.A (Clichy, France)
- Unilever (London, UK)
- Avon Products Inc. (London, UK)
- Estée Lauder Inc (New York, U.S.)
- Shiseido Company, Limited (Tokyo, Japan)
- Revlon, Inc. (New York, U.S.)
- Coty Inc. (New York, U.S.)
- Amway (Michigan, U.S.)
- KRYOLAN (Berlin, Germany)
- CIATÉ (London, UK)
- Procter and Gamble (Ohio, U.S.)
- Other Key Players
Market Driver:
Significant Demand for Organically Produced Cosmetic Products to Aid Growth
The increasing cognizance about organic products made from natural substitutes in the cosmetic industry will spur opportunities for the market. Moreover, the growing demand for vegan products among beauty and skin conscious consumers will foster healthy growth of the market. Thus, the increasing production of chemical-free cosmetic products will consequently enable speedy expansion of the market. The shift from chemical-based to organic products made from natural ingredients will promote the growth of the market. Furthermore, the rising disposable income has resulted in heavy demand for colour cosmetic products, hence boosting the market.
Interrupted Import/Export Activities to Retard Business Amid Coronavirus
The coronavirus pandemic has critically hampered the import and export activities of cosmetic products. The disrupted cosmetic industry has experienced a massive loss owing to the coronavirus. According to the McKinsey report, in China, the cosmetic industry declined by up to 80% in February, and in March, a 20% decline was seen on a year-on-year basis. Moreover, the drop-in retail sales have led to impediment for the market. However, the online purchase of cosmetic products has escalated due to the lockdown, which, in turn, will aid the market. Besides, the temporary closure of beauty salons will drastically affect the global market during the forecast period.
Colour CosmeticsMarket Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
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Regional Analysis:
Improving Economic Conditions to Influence Growth in Asia Pacific
The market in Asia Pacific is expected to dominate the global market during the forecast period owing to the growing demand for skin care products in developing countries such as China, Japan, and India. The improving economic conditions have resulted in high demand for cosmetic products in the region. The surging middle-class population will contribute positively to the growth of the market in Asia Pacific. Europe is expected to hold a significant share in the global market owing to the high demand for premium cosmetic products. Germany accounts for a high share due to the high consumption of cosmetic products in the region.
Key Development:
April 2020: Avon announced the launch of the second batch of K-beauty products due to the success of the trend collection of the first batch in the previous year. This K-beauty range has made Avon’s partnership with Korean manufacturers and enabling to bring innovative products and formulas with authentic ingredients to customers from various regions.
Key Benefits:
- Comprehensive elaboration Market share and growth factors
- Global Colour Cosmetics Market offers updates on the Industry player to expand their market share.
- It offers a multitude of strategic business strategies that can help in the foreseeable future.
- To examine and study size, volume, value, regions and countries.
- It helps in understanding the major key product segments.
- It offers regional analysis of Manufacturers along with business development of several stakeholders.
- It offers analytical data with strategic planning methodologies.
- Detailed overview of Industry sales, revenue, product demand-supply.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/colour-cosmetics-market-104305
Detailed Table of Content:
- Introduction
- Executive Summary
- Market Dynamics
- Key Insights
- Qualitative Insights Impact of COVID-19 on Global Colour Cosmetics Market
- Global Colour Cosmetics Market Analysis, Insights and Forecast, 2016-2027
TOC Continued…!
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