makeup market<\/a> size was\u00a0USD 34.38 billion\u00a0in 2020. The market is projected to grow from\u00a0USD 35.22 billion\u00a0in 2021 to\u00a0USD 50.28 billion\u00a0in 2028 at a CAGR of\u00a05.2 %\u00a0in the 2021-2028 period.<\/p>\nThis information is published by\u00a0Fortune Business Insights™,<\/strong>\u00a0in its report, titled,\u00a0\u201cMakeup Market Size, Share & COVID-19 Impact Analysis, By Product (Powder, Gels, Lotions, and Others), Application Area (Lips, Eyes, Face, and Others), Distribution Channel (Supermarkets\/Hypermarkets, Exclusive Brand Stores, Online\/e-commerce Channels, and Others), and Regional Forecast, 2021-2028.\u201d<\/strong><\/p>\nAccording to our researchers, the fact that needless face inadequacies can be made unseen or camouflaged by applying certain makeup products, whereas on the contrary, color cosmetics can also improve or accentuate the beautiful features, which augments the complete presence and persona of the individual. This, in turn, has amplified the admiration of these products across the world.<\/p>\n
COVID-19 Impact<\/strong><\/h3>\nLimitations by Governments amid COVID-19 to Diminish Demand for Beauty Products<\/strong><\/p>\nThe outburst of the pandemic has led to the execution of several guidelines and constraints concerning lockdown, social distancing, and other norms. This has thereby dramatically declined the application of makeup on a regular basis, particularly among the female population, and therefore has limited the market growth. As per the facts issued in the 2020 L\u2019Oreal Annual Report, discusses that the global beauty market confronted a deterioration rate of -8% in 2020.<\/p>\n
List of Key Players Covered in the Report<\/strong><\/p>\n\n- L\u2019Or\u00e9al Professional (Clichy, France)<\/li>\n
- Shiseido Co., Ltd. (Tokyo, Japan)<\/li>\n
- Coty Inc. (New York, U.S.)<\/li>\n
- Avon Products Inc. (London, U.K.)<\/li>\n
- Est\u00e9e Lauder Inc. (New York, U.S.)<\/li>\n
- Kao Corporation (Tokyo, Japan)<\/li>\n
- Revlon, Inc. (New York, U.S.)<\/li>\n
- The Procter & Gamble Company (Ohio, U.S.)<\/li>\n
- Unilever\u00a0(London, U.K.)<\/li>\n
- NARS Cosmetics (New York, U.S.)<\/li>\n<\/ul>\n
Report Coverage<\/strong><\/h2>\nThe report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for these products in the near future.<\/p>\n
Drivers and Restraints<\/strong><\/h3>\nRising Alertness Concerning Personal Grooming to Fuel Market<\/strong><\/p>\nThe increasing adoption of makeup products can be accredited to their capability to modify the appearance of the skin, face, or the complete body. This is the factor that is supporting the makeup market growth.<\/p>\n
Furthermore, college girls and working women are more disposed towards these products and regularly apply them in order to appear presentable, sophisticated, and as good-looking. Therefore, the growing quantity of working women is nurturing demand for the product.<\/p>\n