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The global makeup market was worth USD 40.39 billion in 2022, and it is expected to expand to USD 41.89 billion in 2023, then to USD 61.39 billion by 2030, at a CAGR of 6.61% between 2023 and 2030.
Makeup, which may be used to quickly enhance one's appearance by drawing attention to one's eyes and lips, has become an integral part of many women's daily routines. Color cosmetics for the face, eyes, lips, and nails are included in this category; they can be found in powder, cream, or gel form. Makeup can be used to conceal imperfections, but it can also be used to accentuate a person's greatest qualities and boost their confidence and self-esteem. Because of this, demand for these products has increased all across the world.
The right cosmetics can do wonders for a person's confidence and self-esteem. Women can improve their grooming experience with the use of advanced virtual cosmetic equipment. Manufacturers, merchants, and industry pioneers in the beauty business now offer a comprehensive grooming solution to their customers by introducing cutting-edge virtual beauty solutions. For instance, in March 2022, Perfect Corp., a beauty fashion-related technology solutions provider, launched a virtual try-on NFT collection, which allows consumers virtually interact with the digital assets of the offering and test various products as per the suggestions.
The COVID-19 pandemic has severely stunted business expansion. Lockdowns and emergency measures impeded the flow of raw commodities to the market during the pandemic. Due to rising freight costs and increased transit times, export prices for natural components sourced from poor countries increased. Lockdowns in some nations made it impossible to import and export goods, and as a result, demand fell and the market shrank. Supply chains in all sectors, including the fashion and beauty industries, were impacted by the COVID-19 pandemic. Furthermore, the pandemic significantly damaged the worldwide cosmetics products business, sharply lowering revenues. As the pandemic spread around the world, governments ordered store closures and lockdowns, hurting merchants in the process. The epidemic has had, and is continuing to have, a devastating effect on global supply chains as a result of labor shortages in factories and logistics activities.
Many companies throughout the world are incorporating cutting-edge technology into their products, such as probiotics and cosmetics inspired by the human microbiome. Makeup industry players place a premium on providing products that are both visually beautiful and easy to apply and manipulate. These are enhancing the demand for the commodities. More and more people are opting for compact packaging because of its many advantages, including its small footprint, ease of storage, and portability. Increases in spending on research and development are also expected to boost the cosmetics industry.
Prolonged contact with the product's chemical ingredients, such as preservatives and pigments, is harmful to the skin. Redness, exhilaration, and other adverse effects are possible signs of an allergic reaction. Accumulation of such toxins can lead to life-threatening conditions including dermatitis and cancer if action isn't taken immediately. As a result, it is expected that the product's unfavorable effects on skin care will slow down its commercial success.
Because of rising concerns about the health impacts of synthetic chemicals on the skin, more and more consumers are opting for safer, all-natural alternatives. According to "Green Consumer Behavior in the Cosmetics Market," a 2019 study published in the Journal of Resources, 70% of respondents favored buying natural cosmetics. Several manufacturers are focusing on integrating herbal and botanical extracts, such as essential oils and antioxidants, to increase the product's value and, by extension, attract a bigger consumer base.
Report Coverage
Global Makeup research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Makeup report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Makeup competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Makeup market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Makeup market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Makeup market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
L'Oreal, Estée Lauder Companies, Coty Inc., Shiseido Company Limited, LVMH Moët Hennessy Louis Vuitton SE, Revlon Inc., Avon Products Inc., Johnson & Johnson Services Inc., Kao Corporation, Procter & Gamble Co., Unilever PLC, Beiersdorf AG, The Body Shop International Limited, Chanel International B.V., Oriflame Holding AG, Natura &Co Holding S.A., Amorepacific Corporation, Mary Kay Inc., Yves Rocher International B.V., Clarins Group.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Makeup market based on the below-mentioned segments:
Global Makeup Market, By Product
Powders
Gels
Lotions
Others
Global Makeup market, By Application
Lips
Eyes
Face
Nails
Global Makeup Market, By Distribution Channel
Supermarkets & Hypermarkets
Exclusive Brand Stores
Online/E-Commerce Channels
Others
Global Makeup market, Regional Analysis
Makeup, which may be used to quickly enhance one's appearance by drawing attention to one's eyes and lips, has become an integral part of many women's daily routines. Color cosmetics for the face, eyes, lips, and nails are included in this category; they can be found in powder, cream, or gel form. Makeup can be used to conceal imperfections, but it can also be used to accentuate a person's greatest qualities and boost their confidence and self-esteem. Because of this, demand for these products has increased all across the world.
The right cosmetics can do wonders for a person's confidence and self-esteem. Women can improve their grooming experience with the use of advanced virtual cosmetic equipment. Manufacturers, merchants, and industry pioneers in the beauty business now offer a comprehensive grooming solution to their customers by introducing cutting-edge virtual beauty solutions. For instance, in March 2022, Perfect Corp., a beauty fashion-related technology solutions provider, launched a virtual try-on NFT collection, which allows consumers virtually interact with the digital assets of the offering and test various products as per the suggestions.
The COVID-19 pandemic has severely stunted business expansion. Lockdowns and emergency measures impeded the flow of raw commodities to the market during the pandemic. Due to rising freight costs and increased transit times, export prices for natural components sourced from poor countries increased. Lockdowns in some nations made it impossible to import and export goods, and as a result, demand fell and the market shrank. Supply chains in all sectors, including the fashion and beauty industries, were impacted by the COVID-19 pandemic. Furthermore, the pandemic significantly damaged the worldwide cosmetics products business, sharply lowering revenues. As the pandemic spread around the world, governments ordered store closures and lockdowns, hurting merchants in the process. The epidemic has had, and is continuing to have, a devastating effect on global supply chains as a result of labor shortages in factories and logistics activities.
Many companies throughout the world are incorporating cutting-edge technology into their products, such as probiotics and cosmetics inspired by the human microbiome. Makeup industry players place a premium on providing products that are both visually beautiful and easy to apply and manipulate. These are enhancing the demand for the commodities. More and more people are opting for compact packaging because of its many advantages, including its small footprint, ease of storage, and portability. Increases in spending on research and development are also expected to boost the cosmetics industry.
Prolonged contact with the product's chemical ingredients, such as preservatives and pigments, is harmful to the skin. Redness, exhilaration, and other adverse effects are possible signs of an allergic reaction. Accumulation of such toxins can lead to life-threatening conditions including dermatitis and cancer if action isn't taken immediately. As a result, it is expected that the product's unfavorable effects on skin care will slow down its commercial success.
Because of rising concerns about the health impacts of synthetic chemicals on the skin, more and more consumers are opting for safer, all-natural alternatives. According to "Green Consumer Behavior in the Cosmetics Market," a 2019 study published in the Journal of Resources, 70% of respondents favored buying natural cosmetics. Several manufacturers are focusing on integrating herbal and botanical extracts, such as essential oils and antioxidants, to increase the product's value and, by extension, attract a bigger consumer base.
Report Coverage
Global Makeup research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Makeup report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Makeup competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Makeup market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | L'Oreal, Estée Lauder Companies, Coty Inc., Shiseido Company Limited, LVMH Moët Hennessy Louis Vuitton SE, Revlon Inc., Avon Products Inc., Johnson & Johnson Services Inc., Kao Corporation, Procter & Gamble Co., Unilever PLC, Beiersdorf AG, The Body Shop International Limited, Chanel International B.V., Oriflame Holding AG, Natura &Co Holding S.A., Amorepacific Corporation, Mary Kay Inc., Yves Rocher International B.V., Clarins Group. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Makeup Market from 2021 to 2030.
- Market Forecast for Makeup Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Makeup competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Makeup
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Makeup market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Makeup market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
L'Oreal, Estée Lauder Companies, Coty Inc., Shiseido Company Limited, LVMH Moët Hennessy Louis Vuitton SE, Revlon Inc., Avon Products Inc., Johnson & Johnson Services Inc., Kao Corporation, Procter & Gamble Co., Unilever PLC, Beiersdorf AG, The Body Shop International Limited, Chanel International B.V., Oriflame Holding AG, Natura &Co Holding S.A., Amorepacific Corporation, Mary Kay Inc., Yves Rocher International B.V., Clarins Group.
Primary Target Market
- Market Players of Makeup
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Makeup market based on the below-mentioned segments:
Global Makeup Market, By Product
Powders
Gels
Lotions
Others
Global Makeup market, By Application
Lips
Eyes
Face
Nails
Global Makeup Market, By Distribution Channel
Supermarkets & Hypermarkets
Exclusive Brand Stores
Online/E-Commerce Channels
Others
Global Makeup market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the makeup market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.