The makeup remover 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.
Makeup Remover 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 makeup remover market size has grown strongly in recent years. It will grow from $2.28 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to rise of cosmetic use in beauty routines, growing advancements in product formulation technology, increasing focus on skin health and hygiene, growing influence of beauty and fashion trends and the expansion of retail and online distribution channels.
The makeup remover market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing consumer demand for skincare products, rising awareness of skin health, advancements in formulations, growing influence of beauty trends and the expansion of e-commerce platforms. Major trends in the forecast period include rise of eco friendly and biodegradable packaging, increased popularity of multifunctional products, growth in premium and luxury formulations, advancement in micellar and cleansing technology and a shift towards personalized skincare solutions.
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Scope Of Makeup Remover 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.
Makeup Remover Market Overview
Market Drivers –
The growing use of cosmetics is expected to propel the growth of the makeup remover market going forward. Cosmetics are products applied to the body, especially the skin, hair, and nails, to cleanse, beautify, enhance appearance, or alter body odor without affecting the body’s structure or functions. The use of cosmetics is rising due to increased beauty and wellness awareness, health and hygiene influence, and greater accessibility to a diverse range of products through e-commerce. Makeup removers are vital in maintaining healthy skin by removing makeup, dirt, and excess oils that accumulate in the skin to rejuvenate, repair, and absorb beneficial skincare products more effectively. For instance, in December 2023, according to a report published by the Bureau of Labor Statistics, a US-based government agency, spending on personal care products and services increased from $771 in 2021 to $866 in 2022. This represents a 12.3% rise in expenditure. Therefore, the growing use of cosmetics is driving the growth of the makeup remover market.
Market Trends –
Major companies operating in the makeup remover market are focused on developing advanced skincare solutions with therapeutic properties to enhance skin health and effectiveness. Therapeutic properties involve the capacity to promote skin healing and reduce inflammation through its natural, calming ingredients. For instance, in August 2023, Tatcha LLC, a US-based beauty and skincare company, launched the Indigo cleansing balm for dry, sensitive skin. Indigo cleansing balm is a fragrance-free, moisturizing balm that transforms into a silky oil to remove dirt, oil, and waterproof makeup without stripping moisture. Its fatty formula cleanses effectively while preserving skin hydration. It is enriched with Tatcha’s Akita rice, Uji green tea, and Okinawa algae, and promotes a balanced, radiant complexion.
The makeup remover market covered in this report is segmented –
1) By Type: Clothes And Towelettes, Liquids, Pads, Cleansers, Other Types
2) By Category: Organic, Conventional
3) By Price Range: Low (Less Than $25), Mid ($25-$50), High (More Than $50)
4) By Sales Channel: Specialty Stores, Modern Trade, Departmental Store, Drug Stores, Online Retailers, Other Sales Channels
5) By Application: Face, Lips, Eyes
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Regional Insights –
North America was the largest region in the makeup remover market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the makeup remover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the makeup remover market are Johnson & Johnson, Christian Dior SE, Procter & Gamble Co., Unilever, L’Oréal S.A., Chanel SA, Estée Lauder Companies Inc., Kao Corporation, Beiersdorf AG, Avon Products Inc., Shiseido Company Inc., Clinique Laboratories LLC, Marykay Inc., Kose Corporation, MAC Cosmetics, Revlon Inc., bareMinerals, Bioderma, Lancôme, Tatcha LLC, Bobbi Brown Professional Cosmetics Inc., Billie Inc., Onyx Brands LLC
Table of Contents
1. Executive Summary
2. Makeup Remover Market Report Structure
3. Makeup Remover Market Trends And Strategies
4. Makeup Remover Market – Macro Economic Scenario
5. Makeup Remover Market Size And Growth
…..
27. Makeup Remover Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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