Facial Skincare and Makeup Market Synopsis:
Facial Skincare and Makeup Market Size Was Valued at USD 161.65 Billion in 2023, and is Projected to Reach USD 302.22 Billion by 2032, Growing at a CAGR of 7.2% From 2024-2032
The Facial Skincare and Makeup Market is a large category of products that are used for facial treatments and skincare together with cosmetics for improving facial appeal. Make up products are face/powder, foundations, concealer, blush, and highlighter to enhance features and get that perfect look. This market links the aspect of skincare with cosmetic use, reaching customers ranging from the young, who require only moisturizers and gentle care to the elderly seeking anti-aging products.
There is a great growth opportunity in the global Facial Skincare and Makeup Market due to a growing consciousness between people about the importance of skincare and the usage of products with multipurpose attributes. The change in the new normal in terms of skin care since the COVID-19 locked down has seen an uptrek of skincare and makeup products which are effective but gentle on the skin. Other advancements regarding product development have also helped in promoting the market growth, for instance, an improvised use of dermatological science in cosmetic products. Such trend is also substantiated by the growth of e-commerce platforms that expanded the choice of products for a consumer worldwide.
In addition, the shift toward organic and no-cruelty products has accelerated, putting pressure on manufacturers to look at clean-label certifications and better sustainability. The increasing output of hybrid products, multi-purpose products that function at once as skincare items and as make-ups including tinted moisturizers, and SPF containing foundation are among the important growth factors. The markets of these regions are different and complex; however, due to cultural differences, the Asia-Pacific market has been growing steadily since people here pay great attention to their facial cleanliness and care.
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Facial Skincare and Makeup Market Trend Analysis
The Rise of Personalized Beauty Solutions
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The Facial Skincare and Makeup Market is shifting to personalization as one of the most innovative concepts aiming at offering people individual opportunities to solve various skincare and beauty problems. Mobile applications that use artificial intelligence is making the users get diagnosis on what product to use based on the skin type or tone or whether they have acne or pigmentation among others.
- The existing trends include using data and analytics on consumers to develop formula that meet unique requirements. Among the more specific offers now present in this market, those that make it possible for customers to get mutually exclusive selections of products are known as Personalized subscription boxes. It does not only increase the level of satisfaction of the user but also increase the loyalty of the customers which creates pressure towards innovation in product offering.
Growing Demand for Clean and Sustainable Beauty
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This is fortunate for players in the Facial Skincare and Makeup Market as the world shifts their focus on achieving cleaner, sustainable, and environmentally friendly beauty products. Purchasers are trending towards products with natural and organic components for products and recyclable packaging.
- Initiated by increasing consciousness of the environmental effects of cosmetics and skincare products and the presence of banned substances. ECTORATE with disposable packaging and sustainable sourcing or multidimensional refillable material form the next promising market niches. Relationship marketing with dermatologists and influencers, as well as development of environmental initiatives, shapes increased brand credibility and faster penetration in the market.
Facial Skincare and Makeup Market Segment Analysis:
Facial Skincare and Makeup Market Segmented on the basis of Product Type, Form Type and Distribution Channel, and Region
By Product Type, Skincare segment is expected to dominate the market during the forecast period
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This skincare segment is expected to dominate the Facial Skincare and Makeup Market in the next forecast period as the consumer consciousness relating skin health and care emerges as a key factor. Today creams like serums, moisturizers and even sunblock have become important items to carry around in the modern society. There is a trend called “skinimalism” that suggests consumers are going for fewer but more effective products more and this is is likely to drive the need for better skincare solutions forward. Two that have been identified are the anti-aging and acne treatment products that are popular among aging customers and young people, respectively.
- Moreover, the incorporation of effective working ingredients including retinol, hyaluronic acid, and peptides into products improves efficacy making skincare one of the critical areas of focus for innovation. The availability of e-commerce channels and social media/taglines influencing people on the skincare has also played an important role in the segment too. Due to the designated distinctions, marketing and product development strategies are dominated by the gender-neutral approach and formulation of products for a specific region.
By Form Type, Concentrates segment expected to held the largest share
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The concentrates segment is believed to remain the largest market share one due to efficiency and high specificity of use. Serums and ampoules are considered concentrates and have become popular since they introduce active substances deep into the skin. These products are most popular in antiageing, brightening, and moisturising regimes and yield good improvement in lesser time.
- Preparations in concentrated form are specific to premium and clinical care skin care brands aimed at those who want specialized care. The availability of DIY skincare and beginning to layer has also increase the popularity of such skincare products. Due to rising brand innovations by the development of new products such as organic, vegan and dermatologically tested products, the concentrates segment is expected to continue fueling growth.
Facial Skincare and Makeup Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
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Asia Pacific is Expected to Dominate the Market Over the Forecast period of the total market. The region has been dominate for the beauty products due to early rooted culture of skin care, especially in countries namely South Korea, Japan and China where skin care is part of the daily routine. This shift has been accelerated with the introduction and widespreading of keywords as K-beauty and J-beauty with their focus on skin care and healthy glow with ili natural finish.
- In addition, the increase in young middle income earners and high disposable income have also driven the growth of the premium and luxury skincare and makeup credit. Immutability of these stakeholders and the local brands providing quality products at reasonable price along with internationals streams entering this region has boosted further its growth. The integration of digital media and influencer advertising has affected the manner in which the consumers of the Asia-Pacific region are optimal.
Active Key Players in the Facial Skincare and Makeup Market
- Amorepacific (South Korea)
- Beiersdorf AG (Germany)
- Chanel (France)
- Coty Inc. (USA)
- Estée Lauder Companies (USA)
- Johnson & Johnson (USA)
- Kao Corporation (Japan)
- L'Oréal (France)
- Procter & Gamble (USA)
- Revlon Inc. (USA)
- Shiseido (Japan)
- The Clorox Company (USA)
- The Honest Company (USA)
- Unilever (UK)
- Yves Rocher (France)
- Other Active Player
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Global Facial Skincare and Makeup Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 161.65 Billion |
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Forecast Period 2024-32 CAGR: |
7.2% |
Market Size in 2032: |
USD 302.22 Billion |
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Segments Covered: |
By Product Type |
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By Form Type |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Facial Skincare and Makeup Market by Product Type
4.1 Facial Skincare and Makeup Market Snapshot and Growth Engine
4.2 Facial Skincare and Makeup Market Overview
4.3 Skincare
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Skincare: Geographic Segmentation Analysis
4.4 Makeup
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Makeup: Geographic Segmentation Analysis
Chapter 5: Facial Skincare and Makeup Market by Form Type
5.1 Facial Skincare and Makeup Market Snapshot and Growth Engine
5.2 Facial Skincare and Makeup Market Overview
5.3 Concentrates
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Concentrates: Geographic Segmentation Analysis
5.4 Emulsions
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Emulsions: Geographic Segmentation Analysis
5.5 Foam
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Foam: Geographic Segmentation Analysis
5.6 Gel
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Gel: Geographic Segmentation Analysis
5.7 Powder
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Powder: Geographic Segmentation Analysis
5.8 Solids
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Solids: Geographic Segmentation Analysis
5.9 Sprays
5.9.1 Introduction and Market Overview
5.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.9.3 Key Market Trends, Growth Factors and Opportunities
5.9.4 Sprays: Geographic Segmentation Analysis
5.10 Others
5.10.1 Introduction and Market Overview
5.10.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.10.3 Key Market Trends, Growth Factors and Opportunities
5.10.4 Others: Geographic Segmentation Analysis
Chapter 6: Facial Skincare and Makeup Market by Distribution Channel
6.1 Facial Skincare and Makeup Market Snapshot and Growth Engine
6.2 Facial Skincare and Makeup Market Overview
6.3 Drug Stores
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Drug Stores: Geographic Segmentation Analysis
6.4 Online Retail
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Online Retail: Geographic Segmentation Analysis
6.5 Specialty Stores
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Specialty Stores: Geographic Segmentation Analysis
6.6 Supers & Hypers
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Supers & Hypers: Geographic Segmentation Analysis
6.7 Others
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Facial Skincare and Makeup Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 AMOREPACIFIC (SOUTH KOREA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 BEIERSDORF AG (GERMANY)
7.4 CHANEL (FRANCE)
7.5 COTY INC. (USA)
7.6 ESTÉE LAUDER COMPANIES (USA)
7.7 JOHNSON & JOHNSON (USA)
7.8 KAO CORPORATION (JAPAN)
7.9 L'ORÉAL (FRANCE)
7.10 PROCTER & GAMBLE (USA)
7.11 REVLON INC. (USA)
7.12 SHISEIDO (JAPAN)
7.13 THE CLOROX COMPANY (USA)
7.14 THE HONEST COMPANY (USA)
7.15 UNILEVER (UK)
7.16 YVES ROCHER (FRANCE)
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Facial Skincare and Makeup Market By Region
8.1 Overview
8.2. North America Facial Skincare and Makeup Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Product Type
8.2.4.1 Skincare
8.2.4.2 Makeup
8.2.5 Historic and Forecasted Market Size By Form Type
8.2.5.1 Concentrates
8.2.5.2 Emulsions
8.2.5.3 Foam
8.2.5.4 Gel
8.2.5.5 Powder
8.2.5.6 Solids
8.2.5.7 Sprays
8.2.5.8 Others
8.2.6 Historic and Forecasted Market Size By Distribution Channel
8.2.6.1 Drug Stores
8.2.6.2 Online Retail
8.2.6.3 Specialty Stores
8.2.6.4 Supers & Hypers
8.2.6.5 Others
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Facial Skincare and Makeup Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Product Type
8.3.4.1 Skincare
8.3.4.2 Makeup
8.3.5 Historic and Forecasted Market Size By Form Type
8.3.5.1 Concentrates
8.3.5.2 Emulsions
8.3.5.3 Foam
8.3.5.4 Gel
8.3.5.5 Powder
8.3.5.6 Solids
8.3.5.7 Sprays
8.3.5.8 Others
8.3.6 Historic and Forecasted Market Size By Distribution Channel
8.3.6.1 Drug Stores
8.3.6.2 Online Retail
8.3.6.3 Specialty Stores
8.3.6.4 Supers & Hypers
8.3.6.5 Others
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Facial Skincare and Makeup Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Product Type
8.4.4.1 Skincare
8.4.4.2 Makeup
8.4.5 Historic and Forecasted Market Size By Form Type
8.4.5.1 Concentrates
8.4.5.2 Emulsions
8.4.5.3 Foam
8.4.5.4 Gel
8.4.5.5 Powder
8.4.5.6 Solids
8.4.5.7 Sprays
8.4.5.8 Others
8.4.6 Historic and Forecasted Market Size By Distribution Channel
8.4.6.1 Drug Stores
8.4.6.2 Online Retail
8.4.6.3 Specialty Stores
8.4.6.4 Supers & Hypers
8.4.6.5 Others
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Facial Skincare and Makeup Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Product Type
8.5.4.1 Skincare
8.5.4.2 Makeup
8.5.5 Historic and Forecasted Market Size By Form Type
8.5.5.1 Concentrates
8.5.5.2 Emulsions
8.5.5.3 Foam
8.5.5.4 Gel
8.5.5.5 Powder
8.5.5.6 Solids
8.5.5.7 Sprays
8.5.5.8 Others
8.5.6 Historic and Forecasted Market Size By Distribution Channel
8.5.6.1 Drug Stores
8.5.6.2 Online Retail
8.5.6.3 Specialty Stores
8.5.6.4 Supers & Hypers
8.5.6.5 Others
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Facial Skincare and Makeup Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Product Type
8.6.4.1 Skincare
8.6.4.2 Makeup
8.6.5 Historic and Forecasted Market Size By Form Type
8.6.5.1 Concentrates
8.6.5.2 Emulsions
8.6.5.3 Foam
8.6.5.4 Gel
8.6.5.5 Powder
8.6.5.6 Solids
8.6.5.7 Sprays
8.6.5.8 Others
8.6.6 Historic and Forecasted Market Size By Distribution Channel
8.6.6.1 Drug Stores
8.6.6.2 Online Retail
8.6.6.3 Specialty Stores
8.6.6.4 Supers & Hypers
8.6.6.5 Others
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Facial Skincare and Makeup Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Product Type
8.7.4.1 Skincare
8.7.4.2 Makeup
8.7.5 Historic and Forecasted Market Size By Form Type
8.7.5.1 Concentrates
8.7.5.2 Emulsions
8.7.5.3 Foam
8.7.5.4 Gel
8.7.5.5 Powder
8.7.5.6 Solids
8.7.5.7 Sprays
8.7.5.8 Others
8.7.6 Historic and Forecasted Market Size By Distribution Channel
8.7.6.1 Drug Stores
8.7.6.2 Online Retail
8.7.6.3 Specialty Stores
8.7.6.4 Supers & Hypers
8.7.6.5 Others
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Global Facial Skincare and Makeup Market |
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|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 161.65 Billion |
|
Forecast Period 2024-32 CAGR: |
7.2% |
Market Size in 2032: |
USD 302.22 Billion |
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Segments Covered: |
By Product Type |
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By Form Type |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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