The global color cosmetic market size was US$ 78.1 billion in 2021. The global color cosmetic market is forecast to grow to US$ 129.0 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.

Color cosmetics are a combination of chemicals and colors, made to improve the appearance of the human body. These cosmetic products include facial make-up, nail care, lip care, and eye make-up products.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic reduced the demand for cosmetics and other products. Outdoor activities were halted by the government bodies. Thus, it reduced public gatherings, which ultimately impacted the demand for color cosmetics.

Specialized beauty stores were ordered to close the doors, which ultimately resulted in a further drop in sales. In addition, shut down on manufacturing units and import-export challenges hampered the supply chain flow. Thus, it ultimately restricted the growth of the global color cosmetics market.

Factors Influencing the Market

The growing use of color cosmetics and increasing women's employment rate will surge the growth of the global color cosmetics market.

Rapidly changing weather conditions are expected to boost the adoption of facial care products, including moisturizing creams, sunscreen creams, etc. Furthermore, growing pollution will also surge the demand for efficient color cosmetics.

The rise of the e-commerce segment and a growing number of effective advertisements on YouTube and other social media platforms will offer ample growth opportunities for the market growth.

Rising awareness regarding environment and animal protection may limit the growth of the color cosmetics market. On the contrary, growing initiatives by industry players will benefit the overall color cosmetics market. For instance, Bloomers unveiled Colours Cosmetics, an independent brand, in 2021. This brand aims to serve customers through local pharmacies and markets.

Regional Analysis

Due to surging demand for color cosmetics from China, India, Indonesia, and others, the Asia-Pacific color cosmetics market will grow at the highest growth rate. It is due to the growing number of working women and growing financial independence. In addition, rising disposable income and a higher standard of living will surge the growth of the market. In addition, the rising demand for natural cosmetics and the rising popularity of bamboo, seaweed, venom, and Tremella mushrooms for skincare will offer ample growth opportunities for the regional market.

Competitors in the Market

Unilever N.V.
LOreal Group
Avon Products, Inc.
The Este Lauder Companies Inc.
Kryolan Professional Make-Up
Shiseido Co. Ltd.
Chantecaille Beaute Inc.
Coty Inc.
Ciat London
Revlon Inc
Procter & Gamble Co.
Natura Cosmticos S.A.
AmorePacific Corporation
The Colgate-Palmolive Company
Henkel AG & Co. KGaA
Mary Kay Inc.
L Brands Inc.
KOS Corporation
Other Prominent Players
Market Segmentation

The global color cosmetics market segmentation focuses on Target, Application, and Region.

By Target

Prestige Products
Mass Products
By Application

Facial Makeup
Lip Products
Eye Make-Up
Hair Color Products
Special Effects Products
Nail Products
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America