Colour Cosmetics Market

Colour Cosmetic Market: Lip Makeup Segment Projected to Gain Significant Revenue Share by 2026 over 2016: Global Industry Analysis and Opportunity Assessment, 2016-2026

The global colour cosmetic market is estimated to be valued at nearly US$ 52 Bn in 2017 and is anticipated to touch a value of nearly US$ 80 Bn in the year 2026, registering a CAGR of 4.8% during the forecast period. The global colour cosmetic market is set to present an incremental dollar opportunity of nearly US$ 30 Bn between 2016 and 2026.

Global Colour Cosmetic Market: Drivers

Increasing number of working individuals across the globe is resulting in increasing spending capacity on cosmetic products, which in turn is leading to increasing sales of quality cosmetic products. Therefore, disposable income is directly proportional to the total spending on colour cosmetic products. In the personal care market, product availability and retail shelf space plays a critical role in creating demand for the product. Increasing consumer demand for green products is resulting in manufacturers to shift from niche distribution channels to mainstream mass retailers. Increasing product penetration in the colour cosmetic market through online retailing channels is a major factor driving colour cosmetic market growth across the globe. Sales of cosmetics through e-Commerce is further anticipated to witness significant growth over the forecast period owing to higher adoption of smartphones and also increasing penetration of the internet in various untapped markets across the globe. This expected growth is attributed to easy availability of a wide range of products and ability of customers to compare prices of various products available in the market during an online search or through social networking platforms. Consumer inclination to buy clean label personal care and cosmetic products is shifting significantly due to increasing awareness regarding the benefits of natural and organic ingredients. Consumers are increasingly opting for greener products owing to the presence of toxic ingredients in chemical or synthetic products. Growing trend of working women to spend more on their personal appearance is another major factor fuelling revenue growth of the global colour cosmetic market. Promotion and advertisement through various media including television, magazines, social media, etc. is further expected to fuel the growth of the colour cosmetic market across the globe.

Global Colour Cosmetic Market: Trends

The key factors trending the global colour cosmetic market are high demand for natural and organic cosmetic products, usage of multifunctional makeup, efficient distribution channels, high demand for high-end colour cosmetic products especially in developed economies, increasing preference for environment friendly cosmetic products, and high innovation in colour cosmetic products. Technological developments have had an impact on the rising demand for customisation and convenience, which has resulted in the development of new products in colour cosmetics.

Global Colour Cosmetic Market Analysis by Product Type

The global colour cosmetic market is segmented on the basis of product type as natural & organic and chemical. In terms of volume, the chemical segment was estimated to hold relatively high share of 55.4% in 2016 which is expected to decrease to 50.1% by 2026 with CAGR of 2.4%. In terms of value, the natural & organic segment is expected to register a relatively high CAGR of 6.2% over the forecast period and account for 49.9% market share by 2026.

Global Colour Cosmetic Market Attractiveness Analysis by Product Category, 2016– 2026

Facial Makeup segment is expected to rank relatively high on the attractiveness index in the global colour cosmetic market by 2026 end

The facial makeup segment is expected to remain dominant in the global colour cosmetic market throughout the forecast period with a revenue share of more than 30% by 2026. By 2026 end, the eye makeup segment is estimated to account for a little over 18% value share and be valued at nearly US$ 15 Bn.

color cosmetic market

Key factors impacting the global colour cosmetic market

  • A large number of women workers who are enjoying increasing economic power and financial independence is a key growth driver for the global colour cosmetic market

  • Demand for branded colour cosmetic products such as L’Oreal, Estee Lauder, LVMH, etc. leads to rapid rate of growth of the market in terms of value

  • Increasing awareness about beauty products is a major factor trending the global colour cosmetic market

  • The Asia Pacific colour cosmetic market is growing at a relatively high rate in terms of volume, attributed to increasing per capita income of consumers and increasing population

Future Market Insights in its report titled “Colour Cosmetic Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” offers detailed insights and in-depth research on the global colour cosmetic market over a 10 year forecast period 2016 – 2026. The report covers the important factors driving the growth of the global colour cosmetic market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global colour cosmetic market and other insights across various key segments. The report identifies the drivers and restraints affecting the growth of the global colour cosmetic market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the market resulting in better decision making. Macroeconomic factors and forecast factors that directly and indirectly affect the growth of the global colour cosmetic market are also incorporated in the report.

Report Description

This report by Future Market Insights on the global colour cosmetic market for the period 2016–2026 presents an outlook of the market across the globe. The primary objective of the report is to offer updates on market opportunities in the global colour cosmetic market.  The report is categorically divided into five sections namely by product type, by price, by distribution channel, by region, and by product category, to understand and offer insights on the global colour cosmetic market. The report provides analysis of the global colour cosmetic market in terms of market value (US$ Mn) and volume (Mn Units).

The report starts with an overview of the global colour cosmetic market. This section includes Future Market Insights’ analyses of key trends, drivers and restraints from the supply, demand and macroeconomic perspectives. Impact analysis of key growth drivers based on the weighted average model is included in the report to provide pertinent decision-making insights.  

Market Segmentation

Product Type

Distribution Channel

Price

Product Category

Region

  • Chemical

  • Natural & Organic

  • Hypermarket/ Supermarket

  • Convenience Store

  • Speciality Store

  • Direct Selling

  • e-Commerce

  • Economic

  • Premium

  • Nail Products

  • Facial Makeup

  • Eye Makeup

  • Lip Products

  • Hair Colour Products

  • Special Effects Products

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan

  • Japan

  • Middle East and Africa

In the final section of the report, the global colour cosmetic market competitive landscape is included to provide report audiences with a dashboard view of the market players and company analysis, based on categories of providers across the value chain, their presence in the colour cosmetic product portfolio and key differentiators.

Research Methodology

To deduce market size, the report considers the average selling price of various types of colour cosmetics across geographies. Furthermore, data points such as regional split and market split by product type, by price, by distribution channel, by region, by product category, and qualitative inputs from primary respondents have been incorporated to arrive at suitable market estimates. The forecast presented in the report evaluates the total revenue that is expected to be generated across the global colour cosmetic market over forecast period (2016–2026). When developing the market forecast, the starting point involves sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the characteristics of the market, Future Market Insights has triangulated the data on the basis of various analysis based on both supply side and demand side.

We have not only conducted the market forecasts in terms of CAGR, but have also analysed the global colour cosmetic market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities in the global colour cosmetic market. As previously highlighted, the global colour cosmetic market is split into various segments and these have been analysed in terms of Basis Point Share (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for identification of many key trends in the global colour cosmetic market. Another key feature of this report is the analysis of the global colour cosmetic market in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global colour cosmetic market. Further, to understand the key market segments in terms of their growth and performance in the global colour cosmetic market, Future Market Insights has developed a unique market attractiveness index to help providers identify real market opportunities.