According to the report published by Allied Market Research,the global color cosmetics market generated $5.87billion in 2016, and is estimated to reach $9.55 billion 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.
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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.
Based on region, Asia-Pacific and LAMEA collectively contributed about halfof the total market sharein 2016, and will maintain its dominance throughout the forecast period.However, Asia-Pacific isexpected to grow at the highest CAGR of 7.6% from 2017 to 2023.
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Based on application, the facial make upsegmentaccounted for the largest share in 2016, holding nearlytwo-fifthsof the total share, and is expected to maintain the largest share throughout the forecast period.
Prominent Market Players:
The key players profiled in the report include Unilever N.V., L’Oreal Group, Avon Products, Inc., The Estée Lauder Companies Inc., Kryolan Professional Make-Up, Shiseido Co. Ltd., Chantecaille Beaute Inc., Coty Inc., Ciaté London, and Revlon Inc.
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.
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