Global Facial Makeup Market May See a Big Move

Facial Makeup Market Size And Forecast

Facial Makeup Market size was valued at USD 9.48 Billion in 2024 and is projected to reach USD 14.83 Billion by 2031, growing at a CAGR of 5.76% during the forecast period 2024-2031.

Facial products are becoming increasingly popular as people become more aware of the importance of using them to maintain healthy skin, improve appearance, and minimize skin conditions. Additionally, the growing number of working women who are concerned with maintaining their aesthetic appeal, as well the rising level of demand for organic, natural, and halal-certified cosmetic products are all expected to contribute to the growth of the Facial Makeup Market. The Global Facial Makeup Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Facial Makeup Market Definition

Cosmetics are made up of a variety of chemical substances sourced from either natural or manufactured sources. Cosmetics serve a variety of functions. Cleanse and protect the body or skin with those made for personal care and skin care. Makeup can be used to conceal flaws, accentuate natural features (such as eyebrows and eyelashes), add colour to a person’s face, or completely change the appearance of the face to resemble a new person, creature, or item. Individuals’ physical appearance is enhanced by the use of facial makeup items, which are applied to their faces. Cosmetics for the face can be put on top of the foundation to make the skin appear more even in tone and to provide the appearance of smoother skin.

Generally speaking, these items are a subset of cosmetic products that are applied to the face to enhance and highlight different facial traits. Furthermore, they are employed in the concealment of visible defects such as pores, blemishes, dark spots, and wrinkles, among others. Additionally, hydrating, antibacterial, anti-bacterial, and anti-inflammatory characteristics are provided by cosmetics used on the face. The use of facial cosmetics can make a significant difference in the appearance of one’s facial features and overall beauty. Product functionality varies depending on the product category, with some products providing smooth skin, while others altering the colour of the skin, and certain products intended to conceal markings or blemishes being among the most common uses.

Women have been drawn to experimenting with a diverse range of facial makeup products and technological advancements. The proliferation of e-commerce platforms has played a critical role in the growth of demand for and sales of facial cosmetics. Based on Type, the market is bifurcated into Blush, Concealer, Face Powder, Foundation, and Others. Concealer is comparable to foundation in that it hides dark circles, age spots, blemishes, and other defects by hiding pigments and blending them into the skin. concealer is used on top of the foundation to keep it from smudging. Whereas, a blusher is a liquid, cream, or powder substance that is applied to the centre of the cheeks to enhance or add colour to them. Blushers are often available in pink or warm tan and brown tones, and they can also be used to define the cheekbones.

Global Facial Makeup Market Overview

The influence of social media, ongoing product improvements by manufacturers, and aggressive marketing have all contributed to the market’s rise. Furthermore, price and the introduction of new product varieties are very competitive in the market. The main manufacturers’ high R&D investments are expected to drive market expansion. They are also introducing new products to fulfil the increased consumer desire for a better skin look. This will, in turn, have a beneficial impact on market growth in the near future. Furthermore, a surge in demand for natural, organic, and halal-certified cosmetic goods is likely to boost market growth. Furthermore, an increasing number of working women are concerned with maintaining their appearance; this factor is projected to drive the industry forward.

Due to the expanding trend of skin-whitening chemicals, demand for long-lasting product varieties has increased in the Asia Pacific. The market in Europe is being driven by rising demand for various facial care products and a burgeoning R&D industry. Because of the considerable spending power of the region’s working professionals, North America is expected to rise significantly. Due to various government restrictions and multiple measures intended to reduce the spread of coronavirus, which reduces the sale of facial makeup because it does not fall under necessary goods and services, the COVID-19 pandemic has influenced consumer spending habits, resulting in a decline in market growth. Customers were not participating in any social gatherings as a result of the stay-at-home or work-from-home tendencies, resulting in a decrease or non-use of facial make-up products.

However, with the availability of products on numerous e-commerce buying websites with easy home delivery options in developing countries, the COVID-19 waves have been continuously rising until now. However, concerns about allergic reactions as a result of the presence of chemicals in the product could be a stumbling block for this industry. Furthermore, concerns about the detrimental consequences on an individual’s appearance associated with the frequent use of makeup may potentially act as a deterrent to the market’s growth in the future. Furthermore, strict government restrictions covering the use and approval of components in face makeup products may provide a barrier to the growth of the Facial Makeup Market in the following years, according to industry analysts.

Global Facial Makeup Market: Segmentation Analysis

The Global Facial Makeup Market is segmented on the basis of Type, Source, And Geography.

Facial Makeup Market, By Type

• Blush• Concealer• Face Cream• Foundation• Others

Based on Type, The market is bifurcated into Blush, Concealer, Face Powder, Foundation, and Others. The largest share of the global market was accounted for by facial creams. Face Cream demand has been driven by celebrity endorsements as well as a diverse range of product marketing in recent years. Facial creams improve the overall appearance and make the skin on the face appear bright and radiant at the lowest possible cost. Cosmetics for the face such as skin whitening and anti-ageing creams have become increasingly popular in recent years, owing to their ability to penetrate skin pigments and diminish the appearance of facial spots while also brightening the skin and minimizing wrinkles.

Facial Makeup Market, By Source

• Natural• Organic• Chemical• Halal

Based on Source, The market is bifurcated into Natural, Organic, Chemical, and Halal. The Chemical industry has the largest proportion of the market. The market for such cosmetic goods is increasing as a result of these uses. This section includes product categories such as moisturizing cream, skin rejuvenation, and skin smoothening, among others. Natural ingredients in cosmetics and personal care products are quite popular, and this growth is projected to continue. The organic beauty craze is part of a bigger, recent trend in consumer awareness of health, wellness, and environmental issues.

Companies are following the trend of replacing synthetic chemicals with natural compounds, partly due to customer desire and possibly due to a transition toward eco-friendly materials. Chemical-free goods are becoming more popular as people become more aware of their negative consequences. Customers are increasingly looking for items that offer good value for money, and essential criteria include natural components and useful characteristics.

Facial Makeup Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Facial Makeup Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In 2021, North America is predicted to be the region with the quickest growth. Consumer demand is driving manufacturers in the United States to extend their global operations. Furthermore, the region’s growth is aided by the great spending power of the region’s working professionals.

In 2020, the Asia Pacific market was valued at USD 16.37 billion. Due to rising product demand from emerging economies such as China, Korea, Japan, and India, the market in the area is expected to hold a significant share. Increasing globalization, shifting consumer preferences, rising disposable income, and a growing working-class population are likely to drive Asia Pacific market growth.

Key Players

The “Global Facial Makeup Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Unilever, Procter & Gamble, Amway Corp., Estée Lauder Companies, Lotus Herbals, L’Oréal, Oriflame Cosmetics AG, New Avon Company, CHANEL, Revlon. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. 

Key Developments

• Coty Inc. relaunched Kyle Cosmetics in 2021 with new improved formulas that are clean label and vegan, as well as beautiful packaging. This innovation was made in response to consumer demand for vegan and clean label products. Customers can now shop the brand globally at select brick-and-mortar locations.

• Coty Inc. will expand the Gucci beauty makeup brand with additional items for the face, lips, and eyes in 2021. Gucci’s expanded Poudre De Beauté Mat Naturel face powder collection was introduced in the Asia Pacific and European travel retail. Coty Inc. aimed to develop its company operations in Asia-Pacific and Europe, where consumers seek organic and natural products.

• Shiseido Co., Ltd. launched the new cosmetic and skincare brand BAUM in 2020, with a total of 27 goods and 45 items containing natural fragrances obtained from trees. Consumer desire for natural skin care products is increasing, which enhances product demand and accelerates the market growth.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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