Market - - Nov 21,2017
As per active reports, rising craze for groomed personality coupled with polished looks is boosting the demand for facial makeup on a global scale.
Looking at the global trend, especially among females, a rising consciousness associated to physical appearance is very much visible. This aspect is surely increasing the craze for a well-maintained personality. The need for facial makeup is a vital factor which assures a polished look for the individual.
The global market for facial makeup is prominently influenced by the augmentation in the lifestyles of the modern individuals spread in different parts of the world. Looking at this facet, the opportunity across the worldwide facial makeup market is anticipated to reach US$8.60 bn by 2017. Further, it is also estimated that the market might soon rise to acquire a CAGR of 6.10% between 2017 and 2022.
Presently, based on the type of the product, the concerned market is filled with a variety of popular products such as powder, foundation, concealer, blush, highlighting, contouring, primer, bronzer and palette. It has been witnessed, the demand for face powder is quite high among consumers across the world. Looking at the recent trends, the key drivers pumping growth into this market includes the rising demand for BB and CC creams.
Considering the geographical reach of the facial makeup market, analyst reveals the Asia Pacific excluding Japan region to emerge as the dominant market for facial makeup in the next few years. Also, the North American market is projected to be supremely driven by the influence of social media, proving as an asset for the target market.
At present, Lakmé, Shiseido, P&G, LVMH, Coty, Estee Lauder, L’Oreal, Avon, Chanel, and Revlon are the major players managing the global facial makeup market.
For more information on this report visit- https://www.marketresearchhub.com/report/facial-makeup-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2022-report.html