The
global Mineral Cosmetics Market size is expected to reach
USD 4.3 billion by 2025, expanding at a CAGR of 5.3%, according to a new report
by Grand View Research, Inc. Shifting consumer preference for organic and
natural beauty products is driving the market across the globe. Increasing
consciousness about physical appearance coupled with growing purchasing power
in the developing economies including China, Brazil, and India is fueling
demand for the products. In addition, rising female participation in the
corporate sector on a global level has been boosting the demand for mineral
cosmetics products over the world.
Facial
products accounted for more than 40% of the total revenue in 2018. Over the
past few years, the mineral foundation has become popular among consumers as
they are more beneficial for skin as compared to conventional makeups. These
foundations generally contain zinc oxide and titanium dioxide, which provide
sun protection, better coverage, and hide the aging lines nicely. The growing
popularity of online makeup tutorials and social media has been propelling the
growth of facial makeup products over the world. Lately, water-resistance and
sweat-proof foundations are gaining significant popularity among consumers.
The
industry is highly competitive and has well-established companies offering a
wide range of products across several product categories. Manufacturers have
been strengthening their position and expanding product lines through merger
and acquisition and product innovation. For instance, in January 2016, L’oréal
S.A. acquired Raylon Corporation, a wholesale distributor operating in 48
states. The acquisition was done in an attempt to expand its distribution
network in U.S. to boost the company’s market penetration. Similarly, in June
2017, BWX Limited acquired North Castle Partners’s Mineral Fusion Natural
Brands LLC. Through this acquisition, BWX entered the U.S. cosmetics market as
Mineral Fusion is a well-established natural cosmetics brand in this country.
The
key competitors in the industry include Mineralissima Mineral Make-up; Glo Skin
Beauty; Shiseido Company Limited; Iredale Cosmetics, Inc.; BWX Limited; L'Oréal
S.A.; Revlon, Inc.; The Estée Lauder Companies Inc.; Ahava Dead Sea
Laboratories, Limited; and Cover FX.
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summary: Mineral Cosmetics Market Report
Mineral
Cosmetics Market Report Highlights
- The face products segment
generated a market revenue of more than USD 1 billion in 2018, emerging as
the largest segment. Lip products are expected to witness the highest CAGR
of 5.6% from 2019 to 2025 owing to rising appearance consciousness among
working women
- In terms of distribution
channel, offline sales dominated the mineral cosmetics market and
accounted for more than 75% of the global revenue in 2018. Online
distribution channel is expected exhibit a CAGR of 6.0% from 2019 to 2025
- North America dominated
the market in 2018, accounting for more than 35% of the global revenue
share. Asia Pacific is expected to observe the fastest growth during the
forecast period owing to rising purchasing power of consumers.
About Us:
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a
range of industries including technology, chemicals, materials, healthcare and
energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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