Mineral Cosmetics Market Size, Trends, Opportunities, Innovations & Forecast till 2026
According to a new report published by KD
Market Insights, titled, "Mineral Cosmetics Market by
Product Type, and Distribution Channel: Global Opportunity Analysis and
Industry Forecast, 2019 - 2026," the global mineral cosmetics market size
was $2,105.5 million in 2019, and is projected to reach $2,916.4 million in
2026, registering a CAGR of 4.7% from 2019 to 2026. The retail
distribution segment accounted for maximum share in 2019. Mineral cosmetic is a
type of makeup made of natural minerals such as iron oxides, zinc oxide,
titanium dioxide, mica powder, and organic oils. Mineral cosmetic is not
derived from plant sources and does not comprise any oil or wax additives.
These are fine micronized minerals found in earth that are crushed into powder
form. True natural mineral cosmetics products contain no harmful or chemical
substances such as synthetic waxes, dyes found in traditional cosmetics.
The lips cosmetics segment accounted for the
highest share in the mineral cosmetics industry in 2019. This is attributed to
attention and sensitivity to formulation detail, considering the specific
concerns and needs of reactive customers. This segment captured the maximum
share of 43.5% in 2019. This segment is also estimated to witness a healthy
mineral cosmetics market growth in the future.
The face cosmetics segment is estimated to be
the fastest growing sector in the product type segment during the forecast
period. Mineral facial cosmetics are products that are used to color and
highlight facial features. They can either directly add or alter color or can
be applied over a foundation that serves to make the color even and smooth. The
rising trend among women regarding appearance modification, and attractiveness
worldwide is anticipated to drive the mineral cosmetics market in future during
the forecast period.
In 2019, by distribution channel, the retail
distribution acquired the maximum market share of around 45.1%. This is due to
the large presence of retailers and retailing stores all around the world.
The e-commerce segment is anticipated to grow with the highest CAGR of 6.7% during the forecast period (2019-2026).
Since, synthetic makeup products contain preservatives
and other harsh chemicals, it is associated with side effects that may cause
hormonal disruptions and irritation. Hence, consumers are seeking natural and
effective ways to address such problems. Mineral cosmetics protect the skin
from harsh free radicals and these products are also eco-friendly. Therefore,
the growing awareness about the benefits of mineral cosmetics is anticipated to
boost the market’s growth.
Based on region, Asia-Pacific is expected to
witness the highest growth rate of 5.4% during the forecast period, owing to
growth in consciousness toward maintaining one's personal appearance, change in
lifestyle, and a considerable increase in disposable incomes.
Key Findings of the Mineral Cosmetics
Market:
- Based on region, Asia-Pacific is anticipated
to lead the mineral cosmetics market in 2026, growing at a CAGR of 5.4%, in
terms of value.
- Based on product type, the lips segment occupied nearly 43.0% of the mineral cosmetics market share in 2019.
- Based on distribution channel, the retail distribution segment dominated the overall mineral cosmetics market in 2019 and is expected to grow at a CAGR of 5.1% during the forecast period.
- By 2026, the e-commerce segment is anticipated to grow at the highest CAGR of 6.7% owing to the increasing mineral cosmetics market trends.
- Based on product type, the lips segment occupied nearly 43.0% of the mineral cosmetics market share in 2019.
- Based on distribution channel, the retail distribution segment dominated the overall mineral cosmetics market in 2019 and is expected to grow at a CAGR of 5.1% during the forecast period.
- By 2026, the e-commerce segment is anticipated to grow at the highest CAGR of 6.7% owing to the increasing mineral cosmetics market trends.
The major companies profiled
in the report include are Glo Skin Beauty, L'Oreal, Mineralissima mineral
makeup, REVLON, Shiseido, Clariant, ECKART, Merck, BASF, Neelikon.
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