Color Cosmetics Market is likely to register high CAGR in South Africa till 2020

The ****** color cosmetics market stood at USD 57.4 Billion in 2014 and it is expected to reach USD 77.7 Billion in 2020 with a CAGR of 5.7%. Color cosmetics have wide applications in nail products, lip products, eye make-up, facial make-up, and other. Color cosmetics refer to the colorants and cosmetics ingredients that help to enhance the appearance of the human body.

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The color cosmetics include products such as eye shadows, foundations, nail paints, lipsticks, powers, and others. The color cosmetics are segmented on the basis of target markets such as prestige products and mass products. The prestige products are projected to register high CAGR than mass products in the next five years as the brand loyalty amongst prestige color cosmetics users is rising especially in the developed regions.

Market Scope

By Target Market:

  1. Prestige Products
  2. Mass Products

By Application:

  1. Nail Products
  2. Lip Products
  3. Eye Make-up
  4. Facial Make-up
  5. Hair Color Products
  6. Special Effect Products
  7. Others

By Geography:

  1. North America
    1. The U.S.
    2. Canada
    3.  Mexico
  2. Europe
    1. France
    2. The U.K.
    3. Italy
    4. Germany
    5. Spain
    6. Others
  3. Asia-Pacific
    1. China
    2. India
    3. Japan
    4. Indonesia
    5. Australia
    6. Others
  4. ROW
    1. Brazil
    2. Chile
    3. Argentina
    4. South Africa
    5. Others

The market segmentation and value forecast is made on the basis of key regions, which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). Further, the market is segmented and the demand and value are forecasted on the basis of important applications of the color cosmetics.

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The U.S. color cosmetics products are growing due to continuous technological innovations, developing fashion trends, and immature markets for some products. Nail polish and BB creams registered the highest growth in the U.S. between 2012 and 2014 due to advances in technology with major developments in highlights including gel nail polishes which have gained immense popularity. The convenience and ease of use provided by the BB creams has driven their demand in the color cosmetics market of the U.S.

In the U.K., the prestige products play a significant role in driving the demand for color cosmetics. The U.K. is projected to register around 30% of all growth in the region’s prestige color cosmetics market sales between 2010 and 2015.

The color cosmetics market is registering a substantial growth in South Africa and is projected to register high CAGR in next five years. Avon Products Inc. is one of the major color cosmetic companies in South Africa which has experienced significant increase in its sales since 2012.

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The rising disposable income of people, rising consciousness about appearance,  and improving quality of life are the major drivers of the color cosmetics market in the developed countries of North America and Europe as well as the emerging countries of Asia-Pacific and RoW. Moreover, the growing demand for beauty and personal care, organic cosmetic products, technological advancements in color cosmetics, attractive packaging, increasing consumer health awareness about personal care and fashion trends are projected to drive the demand for color cosmetics. 

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