Makeup Market Size, Industry Share, Growth, Forecast, 2032 | Unilever Plc., L'Oréal S.A., Avon Products, Inc. & Others

The global makeup market size was valued at USD 41.49 billion in 2023 and is projected to grow from USD 43.61 billion in 2024 to USD 70.80 billion by 2032, exhibiting a CAGR of 6.24% during the forecast period. Asia Pacific dominated the makeup market with a market share of 46.93% in 2023.

This information is provided by Fortune Business Insights™ in its research report, titled "Makeup Market, 2022-2029".

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/makeup-market-102587

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

▶ Unilever (U.K.)

▶ L'Oréal S.A. (France)

▶ Avon Products, Inc. (U.K.)

▶ Oriflame Cosmetics AG (Switzerland)

▶ Revlon, Inc. (S.)

▶ Coty Inc. (S.)

▶ The Estée Lauder Companies Inc. (U.S.)

▶ The Procter & Gamble Company (S.)

▶ Kao Corporation (Japan)

▶ Shiseido Co. Ltd (Japan)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Powder Segment to Gain Traction Owing to High-Absorbing Features

On the basis of product, the market is fragmented into gel, powder, lotions, and others. The powder segment is poised to record commendable expansion over the study period. The surge is being driven by the growing popularity of powder foundations among young users.

Face Segment to Record Substantial Demand Driven by Growing Product Adoption

Based on application area, the market is subdivided into eyes, lips, face, and nails. The face segment is estimated to register considerable growth throughout the analysis period. The rise can be credited to the rising focus of industry players on the launch of new facial skin easing products and increasing product adoption.

Supermarkets/Hypermarkets Segment to Depict Appreciable Growth Owing to Availability of Various Options

On the basis of distribution channel, the market is segmented into exclusive brand stores, supermarkets & hypermarkets, online/e-commerce, and others. The supermarkets/hypermarkets segment is slated to record notable expansion over the projected period. This is on account of the availability of various products to consumers.

Based on geography, the market for makeup has been categorized into Asia Pacific, North America, Europe, the Middle East & Africa, and South America.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/makeup-market-102587
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

The report gives an analysis of the pivotal factors powering the global business landscape over the forecast period. It further gives an insight into the major trends driving market expansion throughout the analysis period. Other aspects include the vital steps taken by leading companies for strengthening their industry position.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

Soaring Awareness Regarding Personal Grooming to Fuel Industry Expansion

The makeup market growth is being favored by the growing consumer inclination toward personal care products. Besides, various brands are focusing on the development of products for catering to the skincare needs of men. This is expected to fuel industry expansion to a considerable extent.

However, the market expansion could be hindered by various effects of chemical formulations.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Asia Pacific to Lead Driven by Growing Consumption of Branded Beauty Products

The Asia Pacific makeup market share is expected to record substantial growth throughout the study period. The surge can be credited to the escalating consumption of branded beauty products in the region.

North America is set to register considerable expansion over the estimated period. The rise is being driven by the presence of large players in the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Leading Companies Introduce New Products to Secure Competitive Edge

Major makeup companies are focused on the adoption of a series of strategic initiatives such as mergers, acquisitions, and the launch of new products for strengthening their position in the market. Some of the other steps comprise rising participation in trade conferences.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: https://www.fortunebusinessinsights.com/makeup-market-102587

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

April 2022 - Avon launched 'Ultra Color Lip Gloss' to provide ultra shine, color, and feel. The launch helped the company in the expansion of its existing portfolio, attracting customers from various regions.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.fortunebusinessinsights.com/sun-care-products-market-103821
https://www.fortunebusinessinsights.com/cosmetics-market-102614
https://www.fortunebusinessinsights.com/perfume-market-102273

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This release was published on openPR.