Global Color cosmetics Market to reach USD 87.89 billion by 2026.

Global Color cosmetics Market is valued approximately at USD 54.89 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.19% over the forecast period 2019-2026. Color cosmetics is a broad term that encompasses diverse categories of products for skin, eyes, cheeks and lips. These cosmetic products include wide range of products such as foundations, nail paint, lipsticks, eyeliner, bronzers. Rising consciousness among people regarding appearance coupled with technological advancement in the color cosmetics are considered as key driving forces of the market growth. Apart from this, increasing spending on personal grooming coupled with increasing demand for color cosmetics to reduce ae related skin imperfections are further contributing towards market. As per Statista, the per capita spending on color cosmetics in Brazil on an average was about $9.5 per person in 2016 that is expected to be valued about $10.8 per person by 2021. The Europe cosmetics industry report 2019, states that the European consumers spend on an average about $149 per year on purchasing cosmetics products. Similarly, in South Korea, consumer spending on cosmetics shopping has increased to $6.9 billion in 2016 from $6.3 billion in 2014. This, growth in consumer spending on cosmetic product is increasing promoting the adoption of color cosmetics across the globe. Moreover, rising concern over harmful effects associated with conventional cosmetic products is shifting consumer preference towards the usage of organic color cosmetics. As in conventional cosmetics chemical substances such as asbestos, hexachlorophene, arsenic, lead and mercury compounds leading to adverse health implication. Whereas benefits with organic cosmetics include no irritation, no harmful substances and environmentally friendly products are encouraging the utilization of organic color cosmetics. Hence, significant increase in the adoption of organic color cosmetics is expected to create huge growth prospects in the market over the forecast period. However, stringent regulatory norms associated with manufacturing color cosmetics is projected to create significant barrier in the color cosmetic market growth.

The regional analysis of global Color cosmetics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is leading regions and also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such increasing workforce population, disposable income along with technological advancement in the color cosmetics would create lucrative growth prospects for the Color cosmetics market across Asia-Pacific region.

Major market player included in this report are:
L'Oreal Group
Unilever
Estee Lauder
Coty
Shiseido Company, Limited Beiersdorf
Revlon
Amorepacific Group Kao corporation
Avon
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By product type:
Face
Lip
Eye
By distribution channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Color cosmetics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors