Facial Skincare and Makeup Market, by Product Type, By Form Type, By Distribution Channel, By Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa)

Published In : Jul 2023

Code : CMI4503

Pages :150

Formats :

Excel and PDF

Industry : Consumer Goods

Facial Skincare and Makeup MarketSize and Trends

The Global Facial Skincare & Makeup market is estimated to surpass US$ 252.85 Billion by the end of 2030, exhibiting a CAGR of 6.6% during the forecast period (2023 to 2030).

Market Trends

Anti-aging crème products have witnessed a substantial rise in demand in 2020, the trend is expected to continue during the forecast period. Vegan cosmetics are rapidly growing in demand across North America. Vegan cosmetics primarily have a lesser number of ingredients and in some cases have no preservatives. Vegan products are also known as cruelty-free products and are expected to form a major trend in the skincare and makeup market during the forecast period. The influence of social media and the emerging trend of selfies has led to an increase in the interest of consumers in face makeup products, particularly among the young population.

Figure 2. Global Facial Skincare & Makeup Market Revenue Share (%), By Form Type, 2022

On the basis of form type, in 2022, the emulsions segment accounted for 21% of the revenue share. The emulsions industry has played the most significant role in the expansion and development of the global facial skincare & makeup market across the globe. Teadora offers a range of products to the global market based on Brazilian botanical products. Some of the major formulations the company offers include emulsions, lotions, powder, and crème. Cover FX offers a range of vegan products including emulsions, powder, solids, and serums.