Overview and Scope
Makeup tools refer to a variety of instruments and accessories used in the application, blending, and removal of cosmetics to enhance facial features and achieve desired aesthetics. These tools are essential for makeup artists and individuals alike, providing precision, control, and efficiency in the makeup application process.
Sizing and Forecast
The makeup tools market size has grown rapidly in recent years. It will grow from $2.6 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to social media Influence, fashion trends, influence of film and television, beauty bloggers and influencers, technological accessibility, cultural diversity.
The makeup tools market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rise of male makeup markets, fashion industry trends, continued growth of online makeup sales and digital beauty platforms, subscription models, collaborations between makeup brands and social media influencers. Major trends in the forecast period include clean beauty products, multi-functional makeup products, virtual try-on technologies, traditional beauty norms, and targeting a wider audience.
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Segmentation & Regional Insights
The makeup tools market covered in this report is segmented –
1) By Product: Makeup Brushes, Eyelash Tools, Disposable Makeup Tools, Sponge, Other Products
2) By Cosmetic Type: Organic Cosmetics, Synthetic Cosmetics
3) By Distribution Channel: Offline, Online
4) By Application: Personal, Professional
North America was the largest region in the makeup tools market in 2023. The regions covered in the makeup tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The expanding beauty and cosmetics industry is expected to propel the growth of the makeup tools market going forward. The beauty and cosmetics industry is a diverse and dynamic sector that encompasses the production, marketing, and sale of products designed to enhance and beautify the appearance of individuals. The beauty and cosmetics industry is growing due to increasing consumer demand for self-care and personalized grooming. The expanding beauty and cosmetics industry is fueling innovation and demand for advanced makeup tools that revolutionize application techniques and enhance the user experience. For instance, in June 2023, according to the National Hair and Beauty Federation, a UK-based trade industry group, between March 2021 and March 2022, the number of hair and beauty businesses in the UK rose by 2,215, reaching a total of 48,425 businesses. The hair and beauty sector generated $5.81 billion (£4.6 billion) in revenue in 2020–2021. Therefore, the expanding beauty and cosmetics industry is driving the growth of the makeup tools market.
Key Industry Players
Major companies operating in the makeup tools market are LVMH Moët Hennessy Louis Vuitton (LVMH), L’Oréal S.A., The Estée Lauder Companies Inc., Chanel Inc., Shiseido Company Limited, Avon Products Inc., KIKO S.p.A., e.l.f. Beauty Inc., Etude House, Artdeco, MAC Cosmetics, Sigma Beauty, Beauty Blender, Watsons Singapore, ZOEVA GmbH, Chikuhodo, Real Techniques, Make Up For Ever LLC, SHANY Enterprises Inc., Nanshy Limited, Bestope, Kevyn Aucoin Beauty, NARS Cosmetics
The makeup tools market report table of contents includes:
1. Executive Summary
2. Makeup Tools Market Characteristics
3. Makeup Tools Market Trends And Strategies
4. Makeup Tools Market – Macro Economic Scenario
5. Global Makeup Tools Market Size and Growth
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32. Global Makeup Tools Market Competitive Benchmarking
33. Global Makeup Tools Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Makeup Tools Market
35. Makeup Tools Market Future Outlook and Potential Analysis
36. Appendix
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