Increasing Aversion towards the Side Effects Caused by Chemical Ingredients is leading to Freshening Demand for Natural Cosmetic Color, Projection with CAGR of 5.2% by 2034.
Women are expected to dominate the market, with 76.2% share in the application of natural cosmetic color. Despite efforts to eradicate stigma, men's reluctance towards beauty products persists, driving women's preference for natural cosmetic color.
NEWARK, Del, March 13, 2024 (GLOBE NEWSWIRE) -- The natural cosmetic color market is slated to have a valuation of *US$ **47,928.0 million in 2024*. The progress of the market is anticipated to be modest over the period from 2024 to 2034, with a *CAGR of 5.2%*. The 2034 valuation of the natural cosmetic color market is forecasted to be *US$ 79,569.5 million*.Consumers are growing increasingly disillusioned with the use of cosmetics that incorporate artificial and chemical ingredients. The threat posed by these ingredients, such as rashes and infections, is driving people away from their use. Natural cosmetic color, as a part of natural ingredients, is thus earning the confidence of consumers.
The natural cosmetic color industry is advancing the increasing variety of colors being made available to consumers. The ever-widening types of raw materials available at the disposal of manufacturers, ranging from herbs, plants, vegetables, and more is also allowing vendors to offer more variety to consumers. Cosmetic products customized for specific requirements are also calling upon natural cosmetic color to impart the specific color.
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However, there are some restraints that paint a dark picture for the market over the forecast period. Consumer doubts about false labeling hamper the growth of the market. Similarly, the risk of side effects, though considered less than chemical ingredients, acts as a restraint for the market.
*“Rising disposable income is seeing more consumers try out high-end cosmetic products. With consumer focus also on organic ingredients, natural cosmetic color use in these products is increasing. Thus, the use of natural color cosmetics in luxurious products provides a significant avenue of progress for the market,” says **Sneha Verghese**, Senior Consultant for Consumer Goods and Products at Future Market Insights*
*Key Takeaways from the Natural Cosmetic Color Market *
· The natural cosmetic color market is expected to be US$ 47,928.0 million in size in 2024.
· Skin care is the top type of product in the market. Skin care products with natural cosmetic color are expected to account for 38.4% of the market share in 2024.
· Natural cosmetic colors are most commonly used by females. For 2024, female use of natural cosmetic color is anticipated to account for 76.2% of the market share.
· India is expected to be a promising country in terms of progress for the market. The country is forecasted to have a CAGR of 9.8% over 2024 to 2034 in the market.
· China and Singapore are poised to be other promising Asian countries for the market. For the forecast period, the CAGR for China and Singapore is predicted to be 9.0% and 7.3% respectively.
· The market is expected to progress at a CAGR of 4.5% in Canada.*Competition Analysis of the Natural Cosmetic Color Market *
Social media is seen as a significant opportunity by market players, establishing tie-ups with influencers and experts. One of the key strategies of market players is geographic expansion. Some of the prominent companies in the market include Burt's Bees, 100% pure, L’Oréal, and Avon Product Incorporation
*Recent Developments in the Natural Cosmetic Color Market *
· In January 2024, Sun Chemical launched the SunPURO Naturals product line.
· In December 2022, the Green Edition Butter Cream Lipstick was introduced by Maybelline New York.
*Key Players Are:*
· Burt's Bees
· 100% pure
· L’Oréal
· Avon Product Incorporation
· Charlotte Tilbury
· MAC
· ILIA Beauty
· RMS Beauty
· KOSAS
· JUICE Beauty
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*Key Segmentations:*
*By Type:*
· Skin Care
· Hair care
· Color Cosmetics
· Fragrance
· Oral Care
· Toiletries
*By Application:*
· Male
· Female
· Unisex
· Baby
*By End-use:*
· Personal Care (Household)
· Salon and Spa
*By Sales Channel:*
· Hypermarket/Supermarket
· Online Stores
· Convenience Stores
· Speciality Stores
· Wholesale/Distributors
· Club Stores
*By Region:*
· North America
· Latin America
· Europe
· South Asia
· East Asia
· Oceania
· Middle East and Africa (MEA)
*Author*
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
*Explore wide-ranging Coverage of FMI's Consumer Product Market Insights Landscape:*
· The natural cosmetics market is estimated to reach at US$ 48.4 Billion in 2023 and is projected to reach US$ 79.6 Billion by 2033. The market is expected to grow at a CAGR of 5.1% from 2023 to 2033.
· The male color cosmetics market is estimated to be valued at US$ 17.57 billion in 2023 and is expected to total US$ 43 billion by 2033. The adoption of male color cosmetics is likely to advance at a CAGR of 9.4% during the forecast period.
· The ASEAN organic cosmetic market* *size is projected to attain a valuation of US$ 9,484.4 million by 2033. Our consumer product industry analysts opine that ASEAN organic cosmetic providers can expect a modest CAGR of 5.4% through 2033.
· The cosmetics ODM market is estimated to be valued at US$ 13,460.7 million in 2023 and is expected to reach US$ 23,265.4 million by 2033.
· The global halal cosmetics market is anticipated to generate revenues of US$ 42.65 billion in 2023. Demand for halal cosmetics is projected to develop at a CAGR of 11.6% and reach US$ 127.8 billion by 2033.
· The cosmetic pencil and pen market would be worth US$ 2.8 billion in 2023 and is expected to reach US$ 5.7 billion by 2033, likely to register a 7.5% CAGR from 2023 to 2033.
· The* *cosmetic pigment market is expected to be valued at US$ 13,794.3 million in 2024. The pace of progress for the market from 2024 to 2034 is expected to be healthy, with a CAGR of 6.6%. By the end of the forecast period, the cosmetic pigment industry value is slated to hit US$ 26,235.5 million.
· Over the forecast period, natural cosmetics sales in Europe are projected to thrive at 7.6% CAGR, taking the total revenue to US$ 20,207.9 million by 2033.
· Natural cosmetics in Western Europe is expected to reach US$ 9,053.40 million in 2024. A valuation of US$ 15,098.80 million is expected for the landscape in 2034.
· Adoption of natural cosmetic in Japan is to exhibit a compound annual growth rate of 3.8% through 2034. The natural cosmetic industry in Japan is poised to witness significant opportunities with a US$ 4,975.1 million valuation in 2024.
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