One of the main reasons for the growth of the color cosmetic market is the growing interest of women with an aesthetic appeal for beauty products. A few other reasons adding to thr industry’s growth include the introduction of new products, for example the 2020 release of fresh double wear foundation, and an expansion of the market presence, such as the opening of new Sephora Stores in the market of India. Premium ten to twelve cosmetic shop are launched by Sephora all over the Indian market in 2018. Demand for high end color cosmetic products is also being pushed by growing levels of disposable income among the people all over the world and rising brand adoption. Top significant players in the color cosmetic industry are Shiseido LVMH, Estee Lauder, Chanel, and Coty.
Color Cosmetics Market was valued at US$ 70.4 Billion in 2021 considering revenue, exhibiting a CAGR of 4.7% during the period 2022 to 2030.
Leading Companies in the Color Cosmetics Industry:
1. Beiersdorf
Founded in 1882 Beiersdorf is one of the leading personal care products manufacturing company that includes skin care and beauty products. It has headquarters situated in Hamburg, DE and is operational in more than 160 countries. Beiersoft has launched the wold’s first recycled CO2 cosmetic product in April, 2022.
2. Estee Lauder Companies Inc.
One of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products since 1946. The company is operational in 150 countries and headquarters in New York. Estee Lauder Companies Inc and BALMAIN has announced joining hands to launch BALMAIN Beauty in September 2022. The launch is expected in 2024.
3. Amway
Rich DeVos and Jay Van founded Amway in the year 1959 and is leading health and Wellness Company solution. It has headquarters based in Michigan, USA and has presence in more than countries. Amway in December 2022 launches its Singapore business hub to provide worldwide population with health and wellness innovation products.
4. Avon Products Inc.
Avon Products Inc. was founded in 1886 by David H. and is one of the leading beauty products manufacturer and supplier. It has headquarters in Northampton, GB.Avon in February 2020 has introduced Green Goddess, the first clean facial oil infused with cannabidiol CBD.
5. CHANEL
CHANEL was founded in 1883 by Coco Chanel and is provider for latest in fashion and accessories, beauty and fragrance with watches and jewellery as well. Headquarters are located in France, EU. CHANEL in March 2022 announced the launch of new line of clean beauty products that focus on natural ingredients and sustainable packaging.
6. CIATE
Founded in 2009 by celebrity nail artist Charlotte Knight is well known company that has formulation and nail products.
7. Coty Inc
Founded in 1904 Coty Inc. world largest beauty company with brands in fragrance, colour cosmetic and skin and body care products. It is operational in more than 130 countries. In December 2022 Coty sold its fragrance brand Lacoste fragrance license back to Lacoste by mutual agreement.
8. Johnson & Johnson
Johnson & Johnson Services, Inc.is the largest and most broadly based healthcare company as it is present in more than 60 countries. It has headquarters in New Brunswick, NJ.
9. KRYOLAN
Since 1945 KRYOLAN is a professional makeup brand. It has headquarters in Berlin, DE.
10. Shiseido Company, Limited
In 1872, Shiseido was founded in Tokyo and is a global beauty giant that currently operates in approximately 120 countries. It has headquarters situated in Minato-ku, Tokyo. Shiseido Company, Limited and DeNA Life Science, Inc. Subsidiary company of DeNA Co., Ltd. (”DeNA”), have concluded a comprehensive partnership agreement on data analysis, which went into effect in November, 2022. Shiseido Company with this partnership aims to help each and every customer to realize their own unique beauty using the latest technologies.
*Definition- Color cosmetics are a combination of chemicals that are applied to the skin to improve look or enhance aroma.
