The high cost of waterproof makeup products poses a major challenge for the growth of this market. Waterproof makeup products require specialized formulation techniques to provide long-lasting protection from water and other external elements. This involves incorporating ingredients such as wax, silicone, and polymer resins into the product formulations. The additional processes and premium quality ingredients drive up the production costs. As a result, waterproof makeup items such as foundations, eye makeup, and lipsticks are often priced significantly higher than their regular counterparts.
Market Opportunity - Growing trend of eco-friendly and organic products
The growing trend towards eco-friendly and organic products presents a major opportunity for this market. Increasing consumer awareness about the ingredients in personal care products and their effects has driven the demand for sustainable offerings. There is a clear consumer shift towards natural and environment-friendly alternatives that are cruelty-free as well as safe for skin. Brands can leverage this preference for green products by launching waterproof collections with natural elements.
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