The global colour cosmetic market is estimated to be valued at nearly US$ 52 Bn in 2017 and is anticipated to touch a value of nearly US$ 80 Bn in the year 2026, registering a CAGR of 4.8% during the forecast period. The global colour cosmetic market is set to present an incremental dollar opportunity of nearly US$ 30 Bn between 2016 and 2026.
Global Colour Cosmetic Market: Drivers
Increasing number of working individuals across the globe is resulting in increasing spending capacity on cosmetic products, which in turn is leading to increasing sales of quality cosmetic products. Therefore, disposable income is directly proportional to the total spending on colour cosmetic products. In the personal care market, product availability and retail shelf space plays a critical role in creating demand for the product.
Increasing consumer demand for green products is resulting in manufacturers to shift from niche distribution channels to mainstream mass retailers. Increasing product penetration in the colour cosmetic market through online retailing channels is a major factor driving colour cosmetic market growth across the globe. Sales of cosmetics through e-Commerce is further anticipated to witness significant growth over the forecast period owing to higher adoption of smartphones and also increasing penetration of the internet in various untapped markets across the globe.
Colour Cosmetic Market: Lip Makeup Segment Projected to Gain Significant Revenue Share by 2026 over 2016: Global Industry Analysis and Opportunity Assessment, 2016-2026Buy Now
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