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.
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The natural cosmetic color market 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.
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 an analyst at FMI.
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.
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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:
- 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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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