The market for waterless cosmetics is projected to be worth US$ 9700 million in 2023 and is anticipated to grow to US$ 33000 million by 2033. Throughout the projection period, the use of waterless cosmetics is anticipated to grow at a CAGR of 13%.
One of the most remarkable markets in the beauty sector is that of waterless cosmetics which has become environmentally conscious consumers strive to save the dwindling wetlands resources as they forgo their user practices on traditional water based products. Though the idea of waterless cosmetics is a new concept, a number of opportunities and trend that are constantly developing in this market.
Other growing trends to be noted include using new ingredient particles for the waterless product category. For instance, certain brands are using various plant-based oils and butters while others use natural clays or minerals as a basis to create ultra nourishing yet effective skincare products that depend neither on water nor fresh ingredients. All these ingredients provide a lot of benefits such as moisturizing effect and anti-inflammatory aspects with assisting to minimize the level of preservatives in the products.
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An emerging trend in the waterless cosmetics market is the use of sustainable and eco-friendly packaging. Numerous brands are using recycled materials or biodegradable packaging to reduce waste and minimize their environmental impact. This includes using refillable containers and reducing the overall amount of packaging materials used.
There are also opportunities in the waterless cosmetics market for brands to focus on specific consumer needs, such as products for sensitive skin or those with specific skin concerns like acne or aging. By using innovative ingredients and packaging and targeting specific niches, brands can differentiate themselves in the market and build a loyal customer base.
Overall, the waterless cosmetics market is a promising sector with plenty of opportunities for growth and innovation. As consumers become more aware of the impact of their purchases on the environment, the demand for sustainable and eco-friendly beauty products is likely to continue to rise, making the waterless cosmetics market a lucrative area for brands to explore.
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Key Takeaways from the Phospholipid Market:
- The U.S. has emerged as a key market for waterless cosmetics, accounting for nearly 80% of sales in North America.
- The skincare category is expected to register a significant growth rate of 4 during the forecast period.
- As per the analysis, in terms of consumer orientation, women are expected to hold a notable share of 38.4% during the forecast period.
- India accounts for nearly One-fourth of waterless cosmetics sold in South Asia.
- Brazil will emerge as an exceptionally lucrative market, exhibiting a CAGR of 13.5% between 2023 and 2033.
How Key Players are revolutionizing the Manufacturing of the Waterless Cosmetics market?
The key players in the waterless cosmetics market are on a mission to revolutionize the beauty industry by eliminating the need for water in their products. They are breaking the mold with innovative formulations that incorporate a range of ingredients that nourish and rejuvenate the skin without the use of water. From plant-based oils to natural clays, these ingredients are carefully selected to provide maximum benefits to the skin, while also reducing the need for preservatives and other harmful additives.
These brands are leading the charge on sustainable and eco-friendly packaging, offering refillable containers and other earth-friendly options that minimize waste and promote a healthier planet. With their commitment to innovation and sustainability, these key players are paving the way for a brighter, more beautiful future in the waterless cosmetics market.
Key Players in the Market:
- Unilever Plc
- The Waterless Beauty Company
- L’Oreal SA
- Kao Corporation
- The Procter & Gamble Company
- Loli
- Clensta
- Ruby’s Organics
- Carter + Jane
- Taiki USA
- Ktein
- Niconi
- True Botanicals
- Allies Group Pte. Ltd.
- Lavedo Cosmetics
- No Cosmetics
- May Coop
- Azafran Innovacion
Recent Developments in the Waterless Cosmetics Industry:
- In September 2022, L’Oréal SA acquired Skinbetter Science, fusing indulgent textures with groundbreaking dermatological science for a unique skincare experience.
More Insights Available
Future Market Insights offers an unbiased analysis of the waterless cosmetics market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the waterless cosmetics market, the report is segmented on the basis of Product Type (Skincare, Hair Care, Cosmetics and Others), Consumer Orientation (Men, Women and Unisex) Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Departmental Stores, Online Retail and Other Retail Formats), Price Range (Economy (Below US$30), Mid-Range (US$30 to US$60) and Premium (Above US$60)), across 7 major regions (North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA) and Oceania).
Market Segmentation
By Product Type:
- Skincare
- Hair Care
- Cosmetics
- Others
By Consumer Orientation:
- Men
- Women
- Unisex
By Sales Channel:
- Wholesalers/Distributors
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Departmental Stores
- Online Retail
- Other Retail Formats
By Price Range:
- Economy (Below US$30)
- Mid-Range (US$30 to US$60)
- Premium (Above US$60)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa
- Oceania
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