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Type: PDF
Status: Syndicate
Categories: Chemical
Report Code : CH23
No. of Pages : 150
Color cosmetics are a type of personal care products used to change or improve the appearance of an individual. Color cosmetics are used on nails, hair, body and face in form of nail paints, hair colors, foundation, etc. These color cosmetics are used for personal hygiene as well. Color cosmetics are manufactured using artificial ingredients and natural ingredients.
The global Color Cosmetics market in 2023 was approximately USD 82,300 Million. The market is expected to grow at a CAGR of 3.4 % and is anticipated to reach around USD 91,700 Billion by 2030.Escalating demand for color cosmetics such as nail paints, hair colors, foundation, etc. among consumers as personal care products is a key factor projected to propel the growth of the market.
Rising awareness about the appearance among women along with the men also resulted in the rising preference for color cosmetics products and accelerates the growth of the market over the forecast period. Further, the surging demand for natural and organic color cosmetic products is another factor, likely to boost the growth of the color cosmetics market. On the other hand, the artificial ingredients used in the cosmetics will hinder the market growth.
The market for color cosmetics is intensely competitive and is highly fragmented. The vendors in the Color Cosmetics market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Francia Cosmetics, MOI, M·A·C Cosmetics, City Color, Cargill, L’Oréal, Unilever, Avon, Lancome, Dior, LVMH, Chanel, Shiseido, Kose, Revlon Group.
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