GlobalMineral Cosmetics Market Industry Trends, Opportunities, Estimation & Forecast, 2019-2027
The market of Mineral Cosmetics is anticipated to grow exponentially during the forecast period. Companies are concentrating on development of cosmetic products using natural minerals including zinc oxide, mica powder, organic oils, titanium oxide, and iron oxide coupled with the increasing popularity of natural cosmetic products across the globe. The mineral cosmetic consists of beauty products constituting of foundation, eye shadow, bronzer, blush, and other products that are used on the face. These offerings are made of loose and dry mineral powders to boost the performance of the product. The key factor driving the market growth of these mineral cosmetic market are advantages associated with these offerings. Also, increasing concern in consideration to the skincare among consumers is contributing to the growth of the global market. The mineral cosmetics offer greater complexion, usability after the facial treatment and protects from harmful UV rays, and safeguards against skin irritation.
“Global Mineral Cosmetics Market was Valued at US$ Mineral Cosmetics Bn in 2018 and it is Expected to Reach More than US$ 3.92 Bn by 2027, Likely to Grow with the CAGR of 5.0% During the Forecast Period”
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Based on the product, the face products segment dominates the global market whereas the lip product segment is projected to witness rapid growth over the forecast period. The dominance of face products can be attributed to the rising number of working women in developing countries including India and China. Also, owing to rising concern regarding skincare, the demand for long-lasting SPF face creams has been increased which is putting a positive impact on the growth of the segment.
In terms of region, North America dominates the global market by holding significant market share. In North America, the number of organic cosmetic stores is increasing rapidly which promotes the growth of the mineral cosmetic market in the region.
Furthermore, Asia Pacific is projected to show remarkable growth in the coming years. This is mainly due to the rising demand of BB and CC cream and the increasing popularity of international cosmetic brands across the region. The major markets for mineral cosmetics in the Asia Pacific include China, Japan, and South Korea.
The market of mineral cosmetics is fragmented and is competitive in nature between the companies due to the presence of local and international players of the market. The companies are expanding their market foot hold because of advantages associated with this market.
Prominent players associated with this market as listed as follows: Mineral Make-up, Cover FX, Glo Skin Beauty, Ahava Dead Sea Laboratories, Limited, Shiseido Company, The Estée Lauder Companies Inc, Iredale Cosmetics, Inc., Revlon, Inc., BWX Limited, and L’Oréal S.A.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
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