According to IMARC Group latest research report, The global face makeup market size reached US$ 37.1 Billion in 2022. Looking forward, the market expected to reach US$ 47.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.12% during 2023-2028.
What is a Face makeup?
Face makeup refers to cosmetic products that are used to enhance the facial features of individuals. They are applied to conceal imperfections of the face and give the impression of smoother skin. These products are used to cover up blemishes, freckles, wrinkles, pores, and skin pigmentation. Nowadays, face makeup products are gaining popularity among consumers as they offer anti-septic, anti-bacterial, moisturizing, and anti-inflammatory properties.
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What are the major market drivers in the face makeup market?
The global face makeup market is primarily driven by the rising consciousness among consumers regarding their physical appearances. The rise in the e-commerce industry and the rapid penetration of social media platforms are also propelling the market growth. Besides this, manufacturers are introducing halal-certified, natural, and organic variants to attract a broader consumer base. They are also producing products with gentler and skin-friendly ingredients, as well as sweat- and water-proof variants, which are creating new opportunities for the market across the globe. Another major trend being witnessed in the market is the rising focus on developing cruelty-free cosmetic products and the usage of compostable and agri-based inks for their packaging. Furthermore, aggressive promotional activities by market players, with celebrity endorsements and social media campaigns, are influencing the market growth.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are L’Oréal S.A., LVMH Moet Hennessy Louis Vuitton, Coty Inc., Kao Corporation, and Oriflame Cosmetics SA.
Breakup by Product Type:
- Face Powder
Breakup by Distribution Channel:
- Specialty Stores
- Online Stores
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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