Global Makeup Remover Market to Reach a Market Value of Around US$3 Bn by 2026 Due to Product Innovation
The industry of color cosmetics across the world is experiencing a positive change with the launch and adoption of new cosmetic products by the makers of cosmetics. This has given a boost to the growing usage of cosmetics by various age groups. This is also anticipated to drive the growth of the world makeup removers market.
A few of the key market players comprise Bobbi Brown Professional Cosmetics, Inc., Estée Lauder Companies Inc., LVMH, Revlon Group, Urban Decay Cosmetics, Beiersdorf, Kimberly-Clark, and Avon Products Inc. are involved with the making of makeup removers.
Transparency Market Research assesses the world market for makeup remover to expand at a robust CAGR of 6.0%, over the forecast timeframe that extends from the year 2017 to the year 2026.
European Countries to Bolster Demand throughout the Forecast Timeframe
Geographically, the world market for makeup remover has been divided into the regions of Latin America, North America, Middle East and Africa, Europe, and Asia-Pacific excluding Japan. Various European countries like France, United Kingdom, and Germany have exhibited higher utilization of makeup removers. This region is basically regarded as one of the largest consumer hub for many of the cosmetic products and personal care. The soaring usage of cosmetics that is coupled with rising number of manufacturers of cosmetics in this region has sparked the sales of makeup removers. In accordance with the research report, the sale of makeup removers in the region of Europe is expected to reach a billion dollar value by the end of period of analysis. The region of Asia Pacific excluding Japan (APEJ) is another promising region for the world market of makeup removers. A large section of the population in this region makes use of cosmetics and makeup which is the main factor that is triggering the growth of the regional market for makeup removers in the Asia-Pacific excluding Japan thereby making it the second largest region with a high potential for growth.
Harmful Chemicals of Makeup Products to Propel the Market
The rising percentage of working women has further given momentum to the said market. Such increase in the number of working women has prompted the usage of many different makeup products for face, lips, and eyes. The ongoing trend of looking professional, charming, and attractive together with augmented expenditure has sparked the usage of cosmetic products thereby compelling the manufacturers to emphasize on re-innovation. In accordance with the skin specialists, makeup removal by end of day is important so as to avoid skin disorders and restore the original skin properties. The chemicals that comprise the ingredients of cosmetic products need to be removed at the end of the day so as to negate their harmful effects.
The information shared that ahs been in this review is based on a TMR report titled, “Makeup Remover Market (Product Type- Clothes and Towlettes, Liquids, Pads, Cleansers, Other Types; Sales Channel- Specialty Stores, Modern Trade, Departmental Store, Drug Stores, Online Retailers, Other Sales Channel; Application- Face, Lips, and Eyes)- Global Industry Analysis, Share, Size, Growth, Trends and Forecast 2017 - 2026”
For the study the market has been segmented as follows:
Global Makeup Removal Market Segmentation
- By Region
- North America
- Asia Pacific Excluding Japan
- Latin America
- Middle East & Africa
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