Color Cosmetics are the combination of chemicals used for enhancing the appearance or imparting aroma to the human body. These cosmetics include facial make up products, nail care products, lip care products, and eye make-up products. These products are easily available at exclusive brand outlets, supermarkets, and specialty stores and are available through online channels. Rise in concerns related to appearance and growth in the disposable income in the emerging economies, such as India, Brazil, and Indonesia, drive the market growth for color cosmetics. Moreover, multiple benefits of color cosmetics products, such as anti-aging and anti-tan, drive the market growth.Global Color Cosmetics Market was valued at $5,875 million in 2016, and is projected to reach $9,555 million by 2023, registering a CAGR of 7.4% from 2017 to 2023.
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Top Key Companies Included:
UNILEVER N.V, LOREAL GROUP, AVON PRODUCTS, INC, THE ESTE LAUDER COMPANIES INC, KRYOLAN PROFESSIONAL MAKE-UP, SHISEIDO CO. LTD, CHANTECAILLE BEAUTE INC, COTY INC, CIATE LONDON, REVLON INC
The color cosmetics industry in Brazil is estimated to be the fourth largest in the world and is estimated to attract manufacturers in the near future. However, awareness about appearance in the Middle East countries, such as Saudi Arabia, UAE, and Egypt, is estimated to grow at a faster rate than Latin American countries. The market growth in Middle East countries is due to urbanization and increased disposable income.
Key Benefits:
- 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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