Decorative
Cosmetic Ingredient Market: Introduction
Cosmetics
are material or substances aimed for cleaning, beautification,
enhancing the attractiveness and appearance or for improving the skin
and hair condition. However, decorative cosmetics are used to enhance
the appearance of an individual which include eyes, face, toe nails
and finger nails, thus making them more attractive hence boosting
their confidence. Decorative cosmetics includes products such as
foundation creams, nail polishes, lipsticks, mascaras, pressed
powders etc. Furthermore, the growing demand for beauty products has
resulted in an increased visibility of decorative cosmetics products
especially in the markets of developing and underdeveloped economies
which have boosted the growth of the decorative cosmetic ingredient
market. In developed market key players are differentiating
themselves through their target demographics, pricing and are
launching products which contain more natural content and are not
tested on animals, as consumers are becoming more conscious of the
ingredient and their effect and impact on the environment and
society. Moreover, developed market such as Europe and North America,
consumers are choosing product with peer review of the raw material &
its origin and at the same time are expecting highest level of
effectiveness and innovation in the product which has resulted in an
increased demand for natural decorative cosmetic ingredients thus
driving the growth of decorative cosmetic ingredient market over the
forecast period.
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Decorative
Cosmetic Ingredient Market Segmentation
Global
Decorative Cosmetic Ingredient market can be segmented on the basis
ingredient type, end use application, and region. On the basis of
ingredient type, decorative cosmetic ingredient market is segmented
into filler, pigments, binders, glitters, thickeners, film formers,
powders and others. On the basis of end-use application, decorative
cosmetic ingredient market is segmented into nails, face, eyes, and
lips.
Decorative
Cosmetic Ingredient Market: Regional Outlook
On
the basis of geography, the Decorative Cosmetic Ingredient market is
segmented into North America, Latin America, Europe, Asia-Pacific,
and MEA. Globally, among all regions, Asia Pacific is expected to be
the largest market owing to high consumption of cosmetics, which is
then closely followed by Europe and then North America. Europe is
expected hold substantial market share over the forecast period owing
high penetration of decorative cosmetics and region being the fashion
hub of the world. In addition, Asia Pacific is anticipated to witness
significant growth over the forecast period owing to the increasing
demand for decorative cosmetics in luxury, mass market and
professional sectors
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Decorative
Cosmetic Ingredient Market: Dynamics
The
decorative cosmetic industry is growing rapidly owing to increasing
product advertisement by various popular personalities on the social
media as they are considered role models among millennials and
generation z. Furthermore, social media focuses on appearance,
presentation, and self-expressions which have resulted in an
increased consumption of decorative cosmetics, especially among the
younger generation. Furthermore, attributed to the increased
connectivity among individuals through social media, the younger
generation is reinventing fashion and are creating new trends. The
demand for high quality decorative cosmetic products coupled with
changing lifestyle and increasing per capita spending on cosmetic
products especially in developing and emerging countries of Asia
Pacific and Latin America is anticipated to drive the market of
global decorative cosmetic ingredient over the forecast period. In
addition, key players are offering decorative cosmetic products with
added health benefits to cater the growing demand in developed market
thus catalyzing the growth of decorative cosmetics ingredient market,
for instance L'Oréal S.A which is a French cosmetics company offers
Lumi Healthy Luminus Makeup under its brand True Match which offers
antioxidants, vitamin and UV protection. However, stringent
government regulation on the ingredients and increasing trends of
makeup free look is anticipated to restrain the growth of decorative
cosmetic ingredient market over the forecast period.
Decorative
Cosmetic Ingredient Market Key Player:
Some
of the major players operating in decorative cosmetic ingredient
market includes BASF SE, Azelis S.A., Behn Meyer Holding AG, Ashland
Inc, DuPont, The Dow Chemical Co. and other regional players.
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