Mineral Cosmetics Market Is Going To Hit USD 4.3 Billion By 2025 | Key Players – Mineralissima Mineral Make-up, Glo Skin Beauty, Shiseido Company Limited, Iredale Cosmetics, Inc. BWX Limited, L’Oréal

January 17 04:14 2020
Mineral Cosmetics Market Is Going To Hit USD 4.3 Billion By 2025 | Key Players - Mineralissima Mineral Make-up, Glo Skin Beauty, Shiseido Company Limited, Iredale Cosmetics, Inc. BWX Limited, L\'Oréal

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global mineral cosmetics market size is expected to reach USD 4.3 billion by 2025, expanding at a CAGR of 5.3%, according to a new report by Grand View Research, Inc.

According to a report, “ Mineral Cosmetics Market Size, Share & Trends Analysis Report By Product (Face Products, Lip Products, Eye Products), By Distribution Channel, By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 – 2025 ”, published by Grand View Research, Inc.,The global mineral cosmetics market size is expected to reach USD 4.3 billion by 2025, expanding at a CAGR of 5.3%, according to a new report by Grand View Research, Inc. Shifting consumer preference for organic and natural beauty products is driving the market across the globe. Increasing consciousness about physical appearance coupled with growing purchasing power in the developing economies including China, Brazil, and India is fueling demand for the products. In addition, rising female participation in the corporate sector on a global level has been boosting the demand for mineral cosmetics products over the world.

The key competitors in the industry include Mineralissima Mineral Make-up; Glo Skin Beauty; Shiseido Company Limited; Iredale Cosmetics, Inc.; BWX Limited; L’Oréal S.A.; Revlon, Inc.; The Estée Lauder Companies Inc.; Ahava Dead Sea Laboratories, Limited; and Cover FX.

Facial products accounted for more than 40% of the total revenue in 2018. Over the past few years, the mineral foundation has become popular among consumers as they are more beneficial for skin as compared to conventional makeups. These foundations generally contain zinc oxide and titanium dioxide, which provide sun protection, better coverage, and hide the aging lines nicely. The growing popularity of online makeup tutorials and social media has been propelling the growth of facial makeup products over the world. Lately, water-resistance and sweat-proof foundations are gaining significant popularity among consumers.

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The industry is highly competitive and has well-established companies offering a wide range of products across several product categories. Manufacturers have been strengthening their position and expanding product lines through merger and acquisition and product innovation. For instance, in January 2016, L’oréal S.A. acquired Raylon Corporation, a wholesale distributor operating in 48 states. The acquisition was done in an attempt to expand its distribution network in U.S. to boost the company’s market penetration. Similarly, in June 2017, BWX Limited acquired North Castle Partners’s Mineral Fusion Natural Brands LLC. Through this acquisition, BWX entered the U.S. cosmetics market as Mineral Fusion is a well-established natural cosmetics brand in this country.

U.S. mineral cosmetics market

Further key findings from the report suggest:

  • The face products segment generated a market revenue of more than USD 1 billion in 2018, emerging as the largest segment. Lip products are expected to witness the highest CAGR of 5.6% from 2019 to 2025 owing to rising appearance consciousness among working women

  • In terms of distribution channel, offline sales dominated the mineral cosmetics market and accounted for more than 75% of the global revenue in 2018. Online distribution channel is expected exhibit a CAGR of 6.0% from 2019 to 2025

  • North America dominated the market in 2018, accounting for more than 35% of the global revenue share. Asia Pacific is expected to observe the fastest growth during the forecast period owing to rising purchasing power of consumers.

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Distribution Channel Insights

The offline segment held the largest share of the market for mineral cosmetics, accounting for more than 75% of the total revenue in 2018. The majority of consumers still prefer to buy cosmetics from pharmacy chains and health and beauty retailer as these stores allow consumers to verify the quality of products before buying them. Furthermore, increasing number of supermarkets and hypermarkets in the emerging economies including China, India, Bangladesh, and Brazil have boosted the offline distribution of products over the years. Manufacturers have been teaming up with regional and local retail chains in order to expand their market reach in each region.

Global mineral cosmetics market

The online segment is expected to witness fastest growth, growing at a CAGR of 6.0% from 2019 to 2025. The continuous advancement of the e-commerce industry has been driving online sale of the product across the globe. Cosmetics products are one of the most popular items bought through e-commerce. The major online cosmetics retailers include Amazon, Sephora, Walmart, Feelunique, and Strawberrynet. In addition, rapidly growing number of smartphones in the developing nations including India and China is projected to fuel the growth of e-commerce in the upcoming years. Companies have been strengthening their distribution channels by investing in e-commerce. For instance, in October 2016, Iredale Cosmetics, Inc. launched its product on Evine Live Inc., a multi-channel video e-commerce company. This development will strengthen the company’s distribution channel in U.S. 

Grand View Research has segmented the global mineral cosmetics market on the basis of product, distribution channel, and region:

Mineral Cosmetics Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Face Products

  • Lip Products

  • Eye Products

  • Others

Mineral Cosmetics Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Offline

  • Online

Mineral Cosmetics Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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