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 on earth that are crushed into powder form. True natural mineral cosmetics products do not contain harmful or chemical substances such as synthetic waxes or dyes found in traditional cosmetics.
Change in consumer taste and preference, growth in health consciousness among both men and women, surge in focus on mineral cosmetic products and rise in disposable income of the individuals are expected to propel the global mineral cosmetics market. Also, innovative marketing strategies by companies, and widening media exposure fuel the market growth. However, high price of products, and threat from substitutes are the factors that limit the growth of the mineral cosmetic market.
The global mineral cosmetics market is segmented based on product type, distribution channel, and region. Based on product type, the market is divided into face cosmetics, lips cosmetics, eye cosmetics. Based on distribution channel, it is classified into retail distribution, e-commerce, and beauty center & spas. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report highlights the drivers, restraints, opportunities, and growth strategies adopted by the key players to understand the dynamics and potential of the market. Key players operating in the global mineral cosmetics market are also profiled to provide a competitive landscape of the marketspace.
The major players profiled in the report are as follows:
- Glo Skin Beauty
- L'Oreal
- Mineralissima mineral makeup
- REVLON
- Shiseido
- Clariant
- ECKART
- Merck
- BASF
- Neelikon
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the mineral cosmetics industry with current and future trends to elucidate the imminent investment pockets in the market.
- It presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Porter’s five forces model analysis of the industry illustrates the potency of the buyers and suppliers.
- Market player positioning in the report provides a clear understanding of the position of the leading companies.
KEY MARKET SEGMENTS
- By Product Type
o Lips Cosmetics
o Eye Cosmetics
- By Distribution Channel
o E-Commerce
o Beauty Centre & Spas
- By Region
- U.S.
- Canada
- Mexico
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
Table of Contents
Executive Summary
According to this report 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.
The major companies profiled in the report include are Glo Skin Beauty, L'Oreal, Mineralissima mineral makeup, REVLON, Shiseido, Clariant, ECKART, Merck, BASF, Neelikon.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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