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Global Face Makeup Market Research Report: Share, Size And Growth Forecast Till 2023

united states, 13 June 2018 -- The global face makeup market is currently growing at a positive rate. Some of the factors which have given impetus to the demand for face makeup products are rising disposable incomes, changing lifestyles, product innovations, growing trend of selfies and influence of social media.

Face makeup is a subset of cosmetics which is generally applied on the facial skin. It helps to enhance facial features by providing a uniform skin tone, and concealing wrinkles, freckles, blemishes, pores, dark spots, etc. Face makeup can be applied using a brush, beauty-blender or fingertips. Over the years, the global face makeup market has undergone several changes. Nowadays, some of the face makeup products are endowed with properties like anti-oxidant, antiseptic, anti-bacterial, anti-inflammatory, soothing, toning and hydrating. A new research report by IMARC Group, titled “Face Makeup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth US$ 27.45 Billion in 2017. The report further anticipates the market to cross US$ 35.14 Billion by 2023, at a projected CAGR of 4.5% over the forecast period.

Get more information here: https://www.imarcgroup.com/face-makeup-market

Global Face Makeup Market Drivers/Constraints:

Various factors that have led to a rise in the demand for face makeup products are improvement in GDP, changing lifestyles as well as an increase in the disposal incomes. Moreover, a growing trend of selfies across the globe has proliferated the demand for base makeup products.

Lately, consumers have become conscious about their physical appearances, due to which they prefer products which help to enhance their inherent beauty and highlight special features. This has highly contributed towards the growth of the global face makeup market.

The influence of social media has ignited the interest of consumers in face makeup products, especially among the younger generation. This coupled with constant product innovations and variations have broadened the growth prospects of the market.

However, there are several factors that hamper the market growth. As face makeup products are composed of various chemical compounds, it may lead to irritation, acne, allergies, etc. when used in excess.

Request a free report sample: https://www.imarcgroup.com/request?type=report&id=832&flag=B

Product Type Insights:

On the basis of type, the face makeup market is segmented as foundation, face powder, blush, concealer and bronzer. Amongst these, foundation exhibits a clear dominance as it helps in rectifying any discolouration and hiding freckles, wrinkles and blemishes. Foundation is followed by face powder, blush, concealer and bronzer.

Distribution Channel Insights:

On the basis of distribution channel, retail sales represent the largest segment. In order to select the right shade, colour and texture, consumers generally prefer retail sales. Retail sales is followed by online sales.

Regional Insights:

On a geographical front, Europe enjoys a leading position in the global face makeup market on account of the high demand for face makeup products in the region. Europe is followed by North America, Asia-Pacific, Latin America, and Middle East and Africa.

Competitive Landscape:

The market is highly fragmented with the presence of both large as well as small manufacturers who compete in terms of prices and quality. There is a rigid competition in the market which makes it difficult for small players to enter. Some of the leading players operating in the market are:

L’Oréal
LVMH Moët Hennessy Louis Vuitton SE
Coty Inc.
Kao Corporation
Oriflame Holding AG

Browse related reports:

Hair Care Market Research Report: https://www.imarcgroup.com/hair-care-market

Lip Care Products Market Research Report: https://www.imarcgroup.com/lip-care-products-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Media Contacts:
IMARC Group
USA: +1-631-791-1145
Email:
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

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Submitted by Imarc Group, IMARC Group on Wednesday, 13 June 2018 at 3:04 PM
Category: Consumer Technology
 
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