Published on : Nov 20, 2017
Albany, New York, November 20, 2017: Nowadays, consumers have become more conscious about their physical appearance, which is leading to the increasing craze for a well-maintained personality and polished look. Similarly, makeup plays an important part to enhance the overall look for an individual. Recently, a new study analyzed that, with the augmenting craze for groomed personality and polished looks, the demand for facial makeup is increasing significantly across the world. One of the key drivers leading to the growth of this market is the augmented demand for BB and CC creams across the globe. To elaborate further on this rapidly growing market, Market Research Hub (MRH) has publicized this new study to its mega-repository which is titled as “Facial Makeup Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. The report offers detailed segmentation on various parameters to give readers holistic insights on the growth of this market.
The global market for facial makeup is significantly influenced by the enhancement in the lifestyles of the individuals across the world. Owing to this, the opportunity in the global facial makeup market is expected to reach US$8.60 bn by 2017. Researchers also estimate the market to rise further at a CAGR of 6.10% between 2017 and 2022 and gain a value worth US$11.54 bn by the end of 2022.
While preparing for this study report, it is claimed that in-depth interviews and discussions have been conducted with some of the key industry experts. By using primary and secondary research methodologies, teams have gone through press releases, product literature, annual reports and relevant documents for market understanding.
Facial Makeup Market to Witness Robust Growth in APEJ Region
Geographically, the worldwide market for facial makeup is segmented into the Middle East and Africa, Latin America, North America, Asia Pacific excluding Japan, Japan, and Europe. As per the analyst estimations, Asia Pacific excluding Japan is projected to emerge as the leading regional market for facial makeup in the years to come. The significant rise in the purchasing power of consumers in this region is the main factor behind this region growth. Also, North American market is anticipated to be highly driven by the influence of social media and the escalating trend of selfies over the next few years.
Apart from the above element, the global market for facial makeup is analyzed on the basis of the type of the product, sales channel, price, source, and the regional reach of the market. Based on the type of the product, the market is classified into face powder, concealer, foundation, blush, contouring and highlighting, bronzer, primer, and palette. Face powder, among these, witnesses the most prominent demand among consumers across the world. Another vital fact in the global facial makeup market is that supermarkets and hypermarkets have surfaced as the most prominent sales channels for facial makeup products, worldwide. This has positively impacted the market growth.
In this section, the study finds that the global facial makeup market demonstrates a highly fragmented business structure, due to the presence of international and private vendors. This section highlights information such as key players profile, financial, brand, and business performance, their main business strategies, offerings and the recent developments. The leading companies reviewed in this research report are Lakmé, P&G, Shiseido, LVMH, L’Oreal, Coty, Estee Lauder, Avon, Revlon, and Chanel.
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