Liquid Make-Up Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Foundation, Eye Products, Concealer, Lip Products and Others (Setting Spray, Face Serum, etc.)), By Distribution Channel (Specialty Stores, Exclusive Stores, Online, Hypermarkets & Supermarkets and Others (Pharmacies, Direct Sales, etc.)), By End User (Individual, Fashion & Enterta
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLiquid Make-Up Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Foundation, Eye Products, Concealer, Lip Products and Others (Setting Spray, Face Serum, etc.)), By Distribution Channel (Specialty Stores, Exclusive Stores, Online, Hypermarkets & Supermarkets and Others (Pharmacies, Direct Sales, etc.)), By End User (Individual, Fashion & Enterta
The global liquid make-up market is driven by changing consumer patterns towards beauty and wellness products. The market expansion for the product is due to rising participation of women in the workforce and the rising physical appearance sensitivity among millennials, worldwide. Due to the influence of social media and the growing selfie trend, particularly among young people, consumer interest in face cosmetic products has surged. The market's expansion has also been assisted by manufacturers' ongoing product advancements and active marketing.
Compared to a powder formulation, using a liquid foundation gives the user complete coverage. A water and silicone mixture are used in the base of liquid foundations, allowing users to apply the product evenly. Due to its advantages and simplicity of integration with serums and toners, the foundation enjoys significant customer popularity. As a result, the foundation has a larger market share than other liquid cosmetic products.
Additionally, celebrities launching their make-up line is also helping the market to expand. For instance, in 2020, Selena Gomez, an American singer and actress, launched her first make-up line, "Rare Beauty." The make-up line consists of liquid foundation, concealer, Liquid face make-up such as liquid blush, and liquid eye products like liquid eye shadow, mascara, etc.
During the anticipated period, the market for liquid make-up is predicted to expand due to the rising popularity of make-up among male consumers. For instance, Fenty Beauty has launched a new range of foundations where they have expanded the colour palette.
South Korea is the largest market for men who use make-up, followed by the United States. Although only 25 million males are in the country, they use more than USD1 billion of cosmetics annually. Companies are engaging in initiatives to enhance inclusivity for this demographic while recognizing this trend. For example, Perfect Diary, a well-known C-beauty (China beauty) brand, launched its first line of men's beauty goods in July 2020 after announcing a partnership with the National Gymnastics Team. As part of expansion, the company launched their products in China, South Korea, and the UK.
The luxury cosmetic market is also one of the reasons why the liquid make-up market is expanding. And the Middle Eastern nations are seeing the fastest growth in the market for halal cosmetics. The makers of luxury cosmetics may see this as a chance for the market to flourish and expand further.
The rising level of consumer disposable income is driving the demand for liquid cosmetic products. Particularly among the young, a group that is acutely aware of social concerns, the foundation category dominates the liquid cosmetics industry. Young population uses more make-up than any other age group because of the increase trend of making reels on Instagram or making tiktoks. For instance, the UN estimates that 1.2 billion young people, or 16% of the world's population, are between the ages of 15 and 24. Due to this, the market for liquid make-up is anticipated to grow at a much faster rate during the forecast period.
Introduction of Innovative Product is Fueling the Market Growth
Many large corporations are developing unique, new items to stand out in the market. For instance, Dior's Airflash Foundation sprays a thin mist of coverage into the skin with an aerosol to consistently produce a soft-focus effect. This innovative product also reduces the amount of time needed to get ready. After being misted onto the face, the foundation hardly needs to be blended. Because of the coverage's durability, customers purchase more of the product.
Increasing Consumer Preference Towards Vegan Products is Fueling the Market Growth
Additionally, as interest in vegan cosmetics grows, the market for helpful, environmentally friendly products is growing. Consumer expectations have significantly changed as a result of consumers making judgments about their purchases based on sustainability and embracing products with ingredients from organic sources. For instance, makeup options are found at from The Lip Bar. Every single one of their products, including their moisturizer, concealer, cheek, and eye palettes, is 100 percent vegan and has never been tested on animals.
Growing Consumer Concerns of Using Chemicals Hindering the Market Growth
Prolonged contact with the chemicals used in the product, such as the preservatives and pigments, might harm the skin. This could lead to allergic reactions that result in exhilaration, redness, and other undesirable outcomes. Such dangerous compounds can build up over time and result in cancer and dermatitis, which can be fatal if not treated right. It is therefore projected that the product's detrimental effects on skin care will limit the market growth.
Market Segmentation
The global liquid make-up market is segmented on type, distribution channel, end-user region, and competitional landscape. Based on type, the market is further fragmented into type (foundation, eye products, concealer, lip products, other (setting spray, face serum, etc.)) Based on distribution channel, the market is segmented into specialty retailers, exclusive retailers, online, hypermarket & supermarket, others (pharmacies, direct sales, etc.). In terms of end-user, the market is divided into individual, fashion & entertainment industry, salons & parlors. The market analysis also studies the regional segmentation divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
Shiseido Co., Ltd., FENTY BEAUTY, Benefit Cosmetics LLC, Estée Lauder Inc., Dior, L’Oreal Paris, The Avon Company, KIKO USA, Inc. (KIKO MILANO), HUDA BEAUTY. e.l.f. Beauty, Inc.
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