Makeup Market size was valued at US$ 48.58 Bn. in 2022 and the total revenue is expected to grow at CAGR 5.62% through 2022 to 2029, reaching nearly US$ 75.18 Bn.
Makeup Market Overview
Maximize Market Research's new report on the Global Makeup Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Makeup market.
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Makeup Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Makeup market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Makeup market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
Makeup Market Segmentation
The market is divided into Foundation, Concealer, Powder, and Primer based on the type of product.
In 2021, the Foundation sector accounted for 42.96% of the overall market. During the forecast period, this market segment is projected to expand at a CAGR of 5.27 percent. The skin is given a consistent tone by foundation, which is available in a range of formats including liquid, cream, cake, and stick. It works as a skin moisturizer and sunscreen, too. The foundation might occasionally change the customer's natural skin tone. Globally, the foundation segment has grown in popularity as a result of its numerous applications.
The market is divided into Offline and Online segments based on Distribution Channel. In 2022, the Offline market category accounted for 75.99% of the total market. The main retail locations in this distribution route include supermarkets, hypermarkets, and specialty shops. Brick and mortar stores are popular places for people to buy new cosmetics since they let customers try the items before they buy.
During the projection period, the Online segment is anticipated to increase significantly with the highest CAGR of 11.43%. People can buy a wide range of goods through e-commerce at any time and from any location. Ecommerce penetration has slowly expanded in recent years, but the online share is anticipated to more than double in the United States to 48%.
Makeup Market Size and Forecast, by Product (2022-2029)
1. Foundation
2. Concealer
3. Powder
4. Primer
Makeup Market Size and Forecast, by Distribution Channel (2022-2029)
1. Online
2. Offline
Makeup Market Size and Forecast, by Application (2022-2029)
3. Area
3. Lips
3. Eyes
4. Face
5. Nails
Makeup Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Makeup Market Key Players
• L'Oreal
• LVMH Moet Hennessy Louis Vuitton
• Coty Inc.
• Kao Corporation
• Oriflame
• Estée Lauder Inc.
• Unilever
• Revlon, Inc.
• Coty Inc.
• The Procter & Gamble Company
• Avon Products Inc.
• Shiseido Co., Ltd
• Kao Corporation
• Amorepacific Corporation
• Mary Kay Inc.
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Regional Analysis
The global Makeup Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Makeup market.
Key Questions answered in the Makeup Market Report are:
- What are the Makeup market segments?
- What are the global trends in the Makeup Market?
- What are the major challenges that the Makeup Market could face in the future?
- How is the intervention from regulatory authority shaping the Makeup Market?
- Who are the Makeup key players in the industry?
- What growth strategies are the players considering to increase their presence in Makeup Market?
- Which region held the largest Makeup market share in 2022?
- Which regional Makeup market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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The global makeup market size is likely to gain impetus from the increasing awareness programs regarding the usage of synthetic and toxic chemicals in Makeup and their hazardous effects on skin.
Thus, consumers are rapidly inclining towards natural products that are safer to use.
Numerous manufacturers are investing huge sums in research and development activities to create products infused with botanical or herbal extracts.
Fortune Business Insights™ provided this information in a recently published report, titled, “Makeup Market Size, Share & Industry Analysis, By Products (Powder, Gels, Lotions, and Others), By Application Area (Lips, Eyes, Face, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Exclusive Brand Stores, Online/e-commerce Channels, and Others) and Regional Forecast, 2019-2026.” The report further mentions that the makeup market size stood at USD 43.82 billion in 2018.
It is projected to reach USD 63.73 billion by 2026, thereby exhibiting a CAGR of 4.9% during the forecast period.Competitive Landscape:Key Players Adopt the Strategy of Acquisition to Strengthen their Position The market consists of several companies that are striving persistently to launch new products to cater to the rising needs of the consumers.
They are as follows:Estée Lauder Inc.UnileverL’Oréal ProfessionalRevlon, Inc.Coty Inc.The Procter & Gamble CompanyAvon Products Inc.Shiseido Co., Ltd.Kao CorporationOther key market players To get the short-term and long-term impact of COVID-19 on Makeup Market, Visit: https://www.fortunebusinessinsights.com/makeup-market-102587Drivers & Restraints:Increasing Demand from Collegians & Working Women to Drive GrowthIn today’s technology-driven world where almost every person is glued to several social media platforms, the adoption of makeup products is increasing at a fast pace.
