Global Organic Color Cosmetic Products Market is set to Increase at a CAGR of 7.3% During the Forecast Period 2017-2022

Posted on 2018-07-04 by Mark Hub in Industrial, Retail // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-Jul-04 — /EPR Network/ — A latest research study by Fact.MR projects the global organic color cosmetic products market to register a high single-digit CAGR during the forecast period, 2017 to 2022. The global organic color cosmetic products market will bring in revenues over US$ 30,000 Mn by 2022-end.

Sales of Lip Care Products to Record Highest Sales in the Market

By product type, lips care products will record the highest sales to reach revenues worth nearly US$ 13,000 Mn by 2022-end. Nail products are expected to be second most lucrative product segment in the global organic color cosmetic products market. Sales of nail products will register a comparatively higher CAGR than that of lip care products through 2022. In addition, sales of hair color products will reflect the lowest CAGR in the market through 2022.

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North America is anticipated to dominate the global market for organic color cosmetic products throughout the forecast period, followed by Europe. Higher availability of specialty department stores and specialty organic color cosmetic products, along with robust demand from consumers owing to benefits of these products will drive the market growth in these two regions. The organic color cosmetic products market in North America and Europe will register similar CAGRs through 2022.

North America will account for Largest Market Share in 2017

In terms of revenues, North America will account for the largest shares of the global organic color cosmetics market in 2017, and is anticipated to dominate the market over the forecast period. Widespread availability of distribution channels such as specialty stores, and modern trade have fuelled sales of organic color cosmetic products in North America. In addition, the huge disposable income of population in the region is vital for growth of the market, as the cost of organic color cosmetic products is relatively higher than their conventional alternatives. Europe is also expected to remain a key lucrative region for expansion of the organic color cosmetic products market.

The organic color cosmetic products market in Asia-Pacific excluding Japan (APEJ) has been projected to exhibit the highest CAGR through 2022. Soaring adoption of organic color cosmetic products in APEJ’s developing countries such as India and China, on the back of new product launches, is expected to drive the market growth in the region. Middle-East and Africa (MEA) will remain the second fastest expanding market for organic color cosmetic products.

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Premium Organic Color Cosmetic Products will remain Preferred by Customers

On the basis of price, premium organic color cosmetic products will continue to be preferred by customers. Revenues from premium organic color cosmetic products are projected to account for approximately two-third market share in 2017, and will further gain a substantial rise in market share by 2022-end. Sales of economic organic color cosmetic products will exhibit a steady expansion through 2022.

Specialty stores are anticipated to remain the largest distribution channel for organic color cosmetic products, owing to factors such as availability of larger product portfolio, and provision of support, advice and information from expert personnel of customer service. That is why customers highly prefer purchasing organic color cosmetic products from specialty stores. Modern trade and mono brand stores will also remain lucrative distribution channels for organic color cosmetic products.

Competition Tracking

Fact.MR has identified key players in its report on the global organic color cosmetic products market, which include Burt’s Bees, Chantecaille Beaute Inc., The Estee Lauder Companies Inc., Kiehl’s, L’Oreal SA, LVMH Moet Hennessy Louis Vuitton S.E., Revlon, Inc., Shiseido Company Limited, The Procter & Gamble Company, and The Unilever Group.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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