The liquid makeup global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Makeup Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The liquid makeup market size has grown exponentially in recent years. It will grow from $8.35 billion in 2023 to $8.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to rise of social media and digital platforms, increased awareness of skincare benefits, demand for natural and organic products, inclusive beauty movements.
The liquid makeup market size is expected to see exponential growth in the next few years. It will grow to $11.12 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to digitalization of shopping experience, Gen Z Influence, sustainability and eco-friendly formulation, multi-functional products. Major trends in the forecast period include vegan and cruelty-free formulations, technology integration, product innovations, partnerships.
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Scope Of Liquid Makeup Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Makeup Market Overview
Market Drivers –
The increasing awareness of personal grooming is expected to propel the growth of the liquid makeup market going forward. Personal grooming is keeping one’s body clean, maintaining hygiene, having well-groomed nails and hair, avoiding body odor, and dressing appropriately. It arises due to various factors, including social influences, professional expectations, and self-confidence. Liquid makeup is commonly used in personal grooming due to its versatility, ease of application, and ability to provide various finishes and coverage options while helping individuals enhance their natural features. For instance, in October 2022, a survey of 1000 men and women in the US conducted by the New York Post, a US-based newspaper, about the differences in how both genders take care of their hygiene discovered that while 73% of men and women stated taking care of their hygiene is simple, only one in ten women agreed. The majority of people (90%) favor washing their hands and bodies over brushing their teeth (87%) or using deodorant (84%). Men are more likely to maintain a schedule for trimming their nails (69%) and shaving their faces (74%). In contrast, women are more likely to prioritize bathing their ‘intimate areas’ (85%) and their skincare regimen (84%). Therefore, the increasing awareness of personal grooming is driving the liquid makeup market.
Market Trends –
Major companies operating in the liquid makeup market are concentrating on innovative products, such as G-Suite, to boost their profitability in the market. It is a luxurious vegan lipstick with a unique buttery, demi-matte formula that offers opaque coverage with just one swipe. For instance, in April 2023, Glossier, a US-based makeup and skincare company, launched G-Suite lipstick. It combines a rich blend of emollient oils for smooth, lasting wear without settling into lips and is available in nine vibrant shades. The product, which took three years to perfect, features a soft-touch, silicone-inspired texture in a signature pink tube with a convenient shade-revealing window and an easy-to-use doe foot applicator. It has garnered acclaim for its comfort, moisture, longevity, and universally flattering colors. Additionally, it features skin-friendly ingredients such as rose wax silica, black raspberry seed oil, Ashland’s Orchid Complex, and shea butter.
The liquid makeup market covered in this report is segmented –
1) By Product: Foundation, Eye Products, Concealer, Lip Products, Other Products
2) By Gender: Men, Women
3) By Distribution Channel: Online, Offline
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Regional Insights –
Asia-Pacific was the largest region in the liquid makeup market in 2023. The regions covered in the liquid makeup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the liquid makeup market are LVMH Moet Hennessy Louis Vuitton SE, Unilever PLC, L’Oréal S.A., Estee Lauder Companies Inc., Chanel S.A., Kao Corporation, Shiseido Company Limited, Natura & Co Holding SA, Coty Inc., Ryohin Keikau Corporation, Amorepacific Corporation, Nu Skin Enterprises Inc., Revlon Inc., Benefit Cosmetics LLC, Fenty Beauty by Rihanna LLC, e.l.f. Beauty Inc., KIKO Inc., Nippon Shikizai Inc., KVD Vegan Beauty, Too Faced Cosmetics LLC, HUDA BEAUTY FZ-LLC, Morphe LLC, Jouer Cosmetics, Pacifica Beauty LLC, YOJIYA Co. Ltd.
Table of Contents
1. Executive Summary
2. Liquid Makeup Market Report Structure
3. Liquid Makeup Market Trends And Strategies
4. Liquid Makeup Market – Macro Economic Scenario
5. Liquid Makeup Market Size And Growth
…..
27. Liquid Makeup Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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