Color Cosmetics Market Size 2022 Global Growth, op…

(MENAFN- Meridian Market Consultants) A recent report published by Reports & Insights titled “Color Cosmetics Market: Opportunity Analysis and Future Valuation 2022-2030” describes the market size, potential and in-depth understanding of development-oriented statistics of the respective market. in an absolutely meticulous and thorough manner. The base year considered for the study is 2021 and the market size is projected from 2022 to 2030. To make it more intriguing, the report further mentions extensive market know-how, conceptual framework and trends dominant market trends along with accurate textual and graphical representation over the forecast period 2022-2030, developed by recognized market expertise using verified research methodologies and proven analytical approaches.

The color cosmetics market is expected to reach a value of US$8,518.3 million by the end of 2022 and is expected to reach a value of US$14,825.4 million by 2030 with a significant CAGR of 7 .2%.

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Presentation of color cosmetics

Color additives have been used for a very long time as a means of enhancing the aesthetic value of foods, beverages, as well as cosmetics and also to determine medicines and other products. Naturally obtained products such as paprika, turmeric, saffron and other inorganic mineral pigments have been used for millions of years. Likewise, colored cosmetics can be understood as personal care products that help improve the appearance of the human body.

Colored cosmetics refer to cosmetic colorants and ingredients used for skin care, hair care, makeup, personal hygiene, oral care and fragrances. Color cosmetics include personal care products like eye shadow, foundation, powder, nail polish, concealer, lipstick, bronzer and others.

Dynamics of the color cosmetics market

Nowadays, consumers are becoming more and more conscious about their personal appearance, especially the younger generation, owing to the growing trend of social media platforms, which are playing a pivotal role in boosting the growth of the global clothing market. color cosmetics.

In addition to this, people who are in their 40s or the elderly are also concerned about their skin and hair and general appearance and thus driving the demand for products such as skin care creams, serums and serums. lotions, which further positively fuel the demand for color cosmetics in global markets. Due to which, the global color cosmetics market is expected to grow significantly over the forecast period.

Moreover, over time, cosmetics products have also witnessed a lot of innovations and have been constantly modified and advanced, which is also a factor for accelerating the growth of the global color cosmetics market in the coming years.

Apart from this, color cosmetics contain certain benefits such as the compounds present in most color cosmetics are also likely to have considerable beneficial effects on skin care. In addition to this, color cosmetics also have the potential to conceal certain imperfections, distinguish certain features, enhance the overall physical appearance and make an individual look healthy and refreshed. Thanks to this, color cosmetics are expected to witness high demand in the near future, thus propelling the growth of the global color cosmetics market.

However, the high cost of color cosmetics may not be affordable for everyone, which may restrain the growth in demand for color cosmetics across the world. Along with this, stringent government regulations regarding the purity and safety of color cosmetics is another major factor that is likely to restrain the growth of the global color cosmetics market.

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Segmentation of the color cosmetics market

The global color cosmetics market is segmented on the basis of target market, applications, and regions. Based on the target market, the color cosmetics market is segmented into prestige products and mass products. Based on application, the market is categorized into nail products, lip products, eye makeup, face makeup, hair coloring products, special effect products, and others.

The research report categorizes the global color cosmetics market based on target market, applications, and regions.

By target market

Prestige products
Mass products

By app

Nail products
Lip products
eye makeup
face makeup
Hair coloring products
Special effects products
Others

By region

North America
Latin America
Africa
Europe
Asia Pacific
Middle East

Color cosmetics market key players

The global color cosmetics market is dominated by L’Oreal Group, Estée Lauder Companies Inc., Avon Products Inc., Coty, Inc, Revlon Group and others.

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Donovan B. Sanford