Key Players L'Oreal (France), Estée Lauder (the U.S.), Avon Products Inc. (the U.S.), Procter and Gamble (the U.S.), Revlon Group (the U.S.)
(PRWEB) March 19, 2015
The report “Color Cosmetics Market by Target Market (Prestige Products and Mass Products), by Application (Nail Products, Lip Products, Eye Make-up, Facial Make-up, Hair Color Products, Special Effect Products Others) and by Geography - Forecasts and Trends to 2019”, defines and segments the color cosmetics market with an analysis and forecast of value by target market, such as prestige products and mass products. Along with this, the value and volumes of color cosmetics by application and region are also discussed in the report.
Browse 130 Market Data Tables and 62 Figures spread through 170 Pages and in-depth TOC on “Color Cosmetics Market".
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Color Cosmetics Market is projected to grow at a CAGR of 4.0% between 2014 and 2019 to reach $47 billion by 2019, in terms of value.
The report also identifies the driving and restraining factors for color cosmetics market with an analysis of drivers, restraints, opportunities, and strengths. The market is segmented and the value has been forecasted on the basis of important regions, such as Asia-Pacific, North America, Europe, and Rest of the World (RoW). Further, the market is segmented and the demand and value are forecasted on the basis of various key applications of color cosmetics, such as nail products, lip products, eye make-up, and other applications.
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Innovations in color cosmetics and rising consumer disposable income is leading the growth of this market in North America and Europe
One of the biggest manufacturers in the color cosmetics field is Coty which is situated both in the U.S. as well as Europe. The rise in disposable incomes in these developed regions, and new product launches in the color cosmetics market has made the U.S. and the U.K. the largest markets for color cosmetics. U.K. is the largest market for color cosmetics in Europe that is projected to register over 20% growth in Western Europe between 2010 and 2015. The developing economies of Asia namely China and India are also projected to register high growth rate in the color cosmetics market in the next five years. The prestige products registered strong growth in 2013 as consumers traded prestige brands over mass products and this trend is projected to continue for the next five years.
The color cosmetics is a flourishing market as consumers continue to explore new looks and manufacturers are producing more pleasing formulas and textures to cater to the rising demand from these consumers.
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Asia-Pacific countries such as China and India are expected to account for highest color cosmetics market, in terms of value, by 2019
Asia-Pacific is projected to register high growth rate in the Color Cosmetics Market in the next five years mainly due to increasing consumer incomes and rise in the awareness about personal care products in the region. The increasing consumer spending in color cosmetics, innovation of new products, rise in conscience about appearance, growing beauty and personal care industry, technological advancement in color cosmetics, and rise in demand for color cosmetics due to age related imperfections are few of the drivers of this market in the Asia-Pacific countries.
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China and India, the growing economies and demographics of the Asia-Pacific region are projected to have high growth potential in the color cosmetics market in the next five years. The rise in consumer awareness and changing lifestyles of the population is leading to the growth of color cosmetics in India.
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