According to the report published by Allied Market Research,the global color cosmetics market generated $5.87billion in 2016, and is estimated to reach $9.55billion by 2023, registering a CAGR of 7.4% from 2017 to 2023.The report offers anextensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Surge in demand for color cosmetic products and growing beauty consciousness among the consumers across the globe drivesthe growth of the global color cosmetics market.However,stringent government regulations regarding production of colour cosmeticsrestrainsthe market growth. Furthermore,development of organic color based cosmetics products is expected to provide new growth opportunities to the market players.
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Prominent Market Players
The other key market players of the value chain (not profiled in this report) include LVMH Moët Hennessy Louis Vuitton SE, Procter & Gamble Co., Natura Cosméticos S.A., AmorePacific Corporation, The Colgate-Palmolive Company, Henkel AG & Co. KGaA, Mary Kay Inc., L Brands Inc., and KOSÉ Corporation.
Asia-Pacific is expected to witness the highest growth rate in the global market, owing to the high demand from the emerging economies such as India, China, Indonesia, and others. In addition, growth in monetary independence of working women is expected to increase the demand for color cosmetics. Moreover, increased disposable income, rise in standard of living, and growth in awareness about appearance boost the market growth in the Asia-Pacific region.
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The global color cosmetics market is segmented based on target market, application, and geography. Based on target market, it is classified into prestige products and mass products. The mass products segment is anticipated to dominate the global color cosmetics market during the forecast period, owing to the innovation and affordability. However, the prestige products segment is estimated to witness the highest growth rate.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global color cosmetics market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends and quantitative analysis of the global market from 2016 to 2023 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the potential markets for growth of the color cosmetics industry.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies and prevailing market opportunities.
- Key market players and their strategies & developments are profiled in the report to understand the competitive outlook of the market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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