Cosmetics & Personal Care
Colour cosmetics market to exceed $9,500 million by 2023 5th March 2018
In 2016, the global colour cosmetics market was valued at $5,875 million and is anticipated to grow with a CAGR of 7.4% during 2017-2023 to reach value of $9,555 million by 2023. Personal beauty care products that improve the physical appearance of an individual are known as color cosmetics products. Various colourants and ingredients are used in cosmetics such as facial make up, lip care, eye make-up, and nail care. These colour cosmetics include products such as nail paints, powders, eyeliners, foundations, lipsticks, bronzers and others.
The global colour cosmetics market is driven by increased preference for colour cosmetics products in the beauty industry. In addition, increases in disposable income in emerging economies and a rise in the financial independence of working women drive market growth. On the other hand, stringent government norms restrict market growth.
The colour cosmetics market provides several growth opportunities due to surge in demand for organic colour cosmetics products. A key challenge is to maintain the quality of mass colour cosmetics products.
The global colour cosmetics market is segmented based on target, application and geography. Based on target, it is classified into prestige products and mass products. Based on application, it is categorized facial make up, lip products, eye make up, and nail products. Geographically, it is analysed across North America, Europe, Asia-Pacific and LAMEA.
A new report by Research Beam Market covers these issues. Major players profiled in this study include:
• Avon Products
• The Estée Lauder Companies
• Kryolan Professional Make-Up
• Shiseido Co
• Chantecaille Beaute
• Ciaté London
For more information about the study and report, visit www.researchbeam.com/color-cosmetics-market/request-sample