Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.14 Billion | USD 16.38 Billion | 5.60% | 2023 |
The global facial makeup market size was worth around USD 10.14 billion in 2023 and is predicted to grow to around USD 16.38 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.60% between 2024 and 2032.
The report encloses the forecast and current estimate for the facial makeup market on a global and regional level. The study provides historical data for 2018 to 2022 and the forecast period from 2024 to 2032 based on revenue (USD Billion). The study also provides the impact and descriptive analysis of major drivers, restraints, and opportunities of the global facial makeup market.
The study also includes a market attractiveness analysis and Porter’s Five Forces model to gauge the competitive landscape of major vendors in the global facial makeup market. This comprehensive study also provides a detailed analysis and overview of each segment included in the study.
Facial makeup products are used to enhance one’s facial features. They can be applied over foundation and makes the skin color even and gives the impression of smoother skin. Facial makeup products are a subset of cosmetic products, which are usually applied on the face to enhance and highlight various facial features. Moreover, they also aid in concealing apparent imperfections like blemishes, pores, freckles, dark spots, and wrinkles. Facial makeup products even provide anti-bacterial, moisturizing, antiseptic, and anti-inflammatory properties. These factors are expected to drive the global facial makeup market growth over the forecast time period. The rising awareness among global consumers regarding the detrimental effects of synthetic ingredients used in facial products is predicted to fuel the demand for organic and natural makeup products for the face over the last few years.
Consumers across the world have become more conscious of their well-being and physical appearance. In line with varying consumer demands, cosmetic product manufacturers are introducing novel and innovative facial makeup products that are waterproof and sweatproof in nature. Manufacturers are also focusing on the production of natural cosmetic products and using agri-based inks for product packaging. The aforementioned factors are expected to drive the global facial makeup market growth over the forecast timeline. Facial makeup plays an important role in improving one’s facial features and overall beauty. Thus, the product demand is witnessing tremendous rise across the world. Moreover, the rising disposable income of people in emerging countries, such as India, China, etc., is expected to positively impact the industry growth, as it enables them to afford the high-priced facial makeup products. However, stringent government regulations regarding usage and approval of materials in facial makeup products may hamper the facial makeup market in the upcoming years.
The report concludes the global facial makeup market based on product type, price, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on product type, the facial makeup market is fragmented into face powder, facial concealer, facial foundation, blush, face bronzer, and others.
Based on price, the market is categorized into economic and premium.
On the basis of distribution channel, the facial makeup market includes health and beauty retailer, pharmacies, supermarket/hypermarket, and e-commerce.
Report Attributes | Report Details |
---|---|
Report Name | Facial Makeup Market |
Market Size in 2023 | USD 10.14 Billion |
Market Forecast in 2032 | USD 16.38 Billion |
Growth Rate | CAGR of 5.60% |
Number of Pages | 245 |
Key Companies Covered | Chanel, L’Oreal, P&G, LVMH, Coty, Avon, Lakmé, Revlon, Shiseido, and Estee Lauder, and others. |
Segments Covered | By Product Type, By Price, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
North America dominates the global facial makeup market, and this dominance is likely to continue. Factors driving this include a growing consumer appetite for cosmetics and a rising awareness among women about enhancing their appearance.
However, the Asia Pacific region is poised for the fastest growth, fueled by a surge in interest among younger demographics who are increasingly drawn to facial makeup products.
The global facial makeup market is dominated by players like:
This report segments the global facial makeup market into:
Global Facial Makeup Market: Product Type Analysis
Global Facial Makeup Market: Price Analysis
Global Facial Makeup Market: Distribution Channel Analysis
Global Facial Makeup Market: Regional Analysis
FrequentlyAsked Questions
Facial makeup refers to cosmetic products applied to the face to beautify features and create a desired look.
According to a study, the global facial makeup market size was worth around USD 10.14 billion in 2023 and is expected to reach USD 16.38 billion by 2032.
The global facial makeup market is expected to grow at a CAGR of 5.60% during the forecast period.
North America is expected to dominate the facial makeup market over the forecast period.
Leading players in the global facial makeup market include Chanel, L’Oreal, P&G, LVMH, Coty, Avon, Lakmé, Revlon, Shiseido, and Estee Lauder, among others.
The facial makeup market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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