Makeup Market Expected to Reach Nearly US$ 75.23 Billion by 2030, Growing at a CAGR of 5.62%
The global Makeup Market size was valued at US$ 51.31 billion in 2023 and is anticipated to reach approximately US$ 75.23 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.62% during the forecast period from 2024 to 2030.
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Summary
The global makeup market is poised for substantial growth driven by increasing consumer demand for cosmetic products across various application areas such as lips, eyes, face, and nails. This market report provides a comprehensive analysis, including market size, segmentation, key players, and the impact of COVID-19 on the industry.
Market Size:
The global makeup market, valued at US$ 51.31 billion in 2023, is projected to grow at a CAGR of 5.62%, reaching nearly US$ 75.23 billion by 2030. This growth is attributed to the rising demand for makeup products among consumers of all age groups and the expanding distribution channels, including both online and offline platforms.
Overview:
The makeup market encompasses a broad range of products such as foundation, concealer, powder, and primer, catering to various application areas like lips, eyes, face, and nails. With the growing influence of social media and beauty influencers, consumer preferences are rapidly evolving, leading to increased adoption of innovative makeup products.
Market Scope:
The report provides an in-depth analysis of the makeup market, including market segmentation by product type, distribution channel, and application area. The data is sourced from credible industry sources and has been validated by market experts to ensure accuracy.
Segmentation:
- By Product:
- Foundation
- Concealer
- Powder
- Primer
- By Distribution Channel:
- Online
- Offline
- By Application Area:
- Lips
- Eyes
- Face
- Nails
Major Manufacturers:
- L'Oreal
- LVMH Moet Hennessy Louis Vuitton
- Coty Inc.
- Kao Corporation
- Oriflame
- Estée Lauder Inc.
- Unilever
- Revlon, Inc.
- The Procter & Gamble Company
- Avon Products Inc.
- Shiseido Co., Ltd
- Amorepacific Corporation
- Mary Kay Inc.
Regional Analysis:
The report focuses on the global regions and market size of the makeup industry, providing a detailed forecast from 2024 to 2030. It includes an analysis of key regions such as North America, Europe, Asia-Pacific, and others, highlighting the market status and development trends by types and applications.
COVID-19 Impact Analysis:
The makeup market faced challenges during the COVID-19 pandemic, with reduced consumer spending on non-essential items and disruptions in the supply chain. However, the industry is rebounding with the gradual easing of restrictions and the increasing popularity of online shopping platforms.
Key Questions Answered:
- What is the function of makeup products?
- What is the predicted revenue generation of the makeup market by 2030?
- At what growth rate is the makeup market evolving?
- Who are the major players operating in the makeup market?
Table of Contents:
- Overview
- Global Market Status and Forecast by Regions
- Global Market Status and Forecast by Types
- Global Market Status and Forecast by Downstream Industry
- Market Driving Factor Analysis
- Market Competition Status by Major Manufacturers
- Major Manufacturers Introduction and Market Data
- Upstream and Downstream Market Analysis
- Cost and Gross Margin Analysis
- Marketing Status Analysis
- Market Report Conclusion
- Research Methodology and References
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