PUBLISHER: The Business Research Company | PRODUCT CODE: 1392776
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392776
“Mineral Cosmetics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mineral cosmetics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mineral cosmetics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mineral cosmetics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Mineral cosmetics are a type of face makeup composed of compressed minerals, including iron oxides, zinc oxides, titanium oxides, and organic oils. These cosmetics are known for their advantages in soothing sensitive skin and are suitable for oily skin types and other skin types prone to congestion or acne.
The main types of minerals found in mineral cosmetics include iron oxides, zinc oxide, mica powders, titanium dioxide, organic oils, and others. Iron oxide, for example, is used in powders, concealers, and other facial makeup to match skin tones. Iron oxides, consisting of iron and oxygen, serve as coloring pigments in cosmetics and skincare products. Mineral cosmetics include various product types such as face products, lip products, eye products, and others, distributed through various channels, including online and offline outlets.
The mineral cosmetics market research report is one of a series of new reports from The Business Research Company that provides mineral cosmetics market statistics, including global market size, regional shares, competitors with a mineral cosmetics market share, detailed mineral cosmetics market segments, market trends and opportunities, and any further data you may need to thrive in the mineral cosmetics industry. This mineral cosmetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mineral cosmetics market size has grown strongly in recent years. It will grow from $3. 07 billion in 2023 to $3. 32 billion in 2024 at a compound annual growth rate (CAGR) of 8. 4%. The growth observed in the historical period can be attributed to factors such as increased health consciousness among both men and women, a heightened emphasis on mineral cosmetic products, a growing preference for natural ingredients, the influence of celebrity endorsements and makeup trends, and the rise in popularity of cruelty-free and vegan beauty products.
The mineral cosmetics market size is expected to see strong growth in the next few years. It will grow to $4. 59 billion in 2028 at a compound annual growth rate (CAGR) of 8. 4%. The anticipated growth in the forecast period can be attributed to factors such as the rising consciousness about the looks and appearance of both males and females, a growing demand for multi-functioning beauty products, increased disposable incomes among the global population, changing consumer tastes and preferences, and an increased demand for sustainable and eco-friendly products. Major trends expected in the forecast period include technological advancements in mineral extraction and processing, the inclusion of skincare benefits in mineral makeup formulations, the adoption of clean beauty standards in mineral cosmetics, the use of innovative packaging materials for sustainability, and collaboration between beauty brands and influencers.
The mineral cosmetics market is poised for growth due to the increasing preference for organic and natural beauty products. Organic beauty items are crafted from plant-based materials grown without fertilizers or pesticides, devoid of genetically engineered substances, and free from petrochemicals. The rising popularity of organic and natural beauty products is attributed to their skin-friendly nature, nutritional richness, enhanced effectiveness, and sustainability. A report by the Soil Association noted a 15% growth in the sales of Soil Association certified organic and natural beauty and wellbeing products in the UK in 2021, reaching €164 million (USD 170 million). This underscores the growing demand for mineral cosmetics driven by the preference for organic and natural beauty products.
The mineral cosmetics market is expected to experience growth through the increasing adoption of vegan cosmetic products. Vegan cosmetics exclude animal-derived ingredients or by-products, relying on natural and organic components that are gentle on the skin and devoid of harmful chemicals. Vegan formulations contribute significantly to mineral cosmetics by offering animal-free, natural, hypoallergenic, nourishing, moisturizing, eco-friendly, and sustainable options. A survey conducted by the Vegan Society in the UK revealed that 97% of British shoppers expressed a desire for more vegan-verified cosmetics and toiletries. This trend towards veganism is a driving force in the growth of the organic personal care market, influencing the expansion of the mineral cosmetics sector.
Product innovation stands out as a prominent trend in the mineral cosmetics market, with major players striving to develop cutting-edge products to solidify their market position. For example, Beraca, a Brazil-based manufacturer of natural and organic ingredients, introduced Berashades, a five-shade palette of naturally colored clays for mineral cosmetics. This palette offers over 3,000 color combinations tailored to different skin tones, fulfilling vegan promises, providing good coverage, a natural appearance, matte effect, and consistent color through micronization.
Major companies in the mineral cosmetics market are concentrating on launching new products, including mineral shield sunscreen, to gain a competitive advantage. Mineral-based sunscreen utilizes minerals like zinc oxide and titanium dioxide as active ingredients to create a protective barrier on the skin, reflecting harmful UV rays. In May 2023, Aloette Cosmetics unveiled Daily Mineral Shield Sunscreen, a mineral-based sunscreen formulated with natural and organic ingredients. This sunscreen hydrates the skin while safeguarding it from UV radiation, featuring active components such as zinc oxide, titanium dioxide, ectoin, aloe vera, and gogiberry extract.
In June 2022, Luxury Brands LLC's acquisition of Youngblood Mineral Cosmetics is anticipated to accelerate new product development, marketing initiatives, and sales support. Youngblood Mineral Cosmetics, a US-based mineral cosmetics company, is set to contribute to Luxury Brands LLC's strategies for direct-to-consumer and business-to-business sales, fostering growth in the mineral cosmetics market.
Major companies operating in the in the mineral cosmetics market report are Glo Skin Beauty, L'Oreal SA, Mineralissima Cosmetics BV, Revlon Inc., Shiseido Company Limited, Clariant AG, ECKART GmbH, Merck & Co. Inc., BASF SE, Neelikon Food Dyes & Chemicals Ltd., Estee Lauder Companies Inc., Nardo's Naturals Inc., National Mineral Development Corporation, Lady Burd Cosmetics Inc., Radical Cosmetics LLC, Audrey Morris Cosmetics International, MANA Products Inc., Pinnacle Cosmetic Packaging Llc, Avon Products Inc., Procter & Gamble Company, Unilever plc, Oriflame Holding AG, Kao Corporation, Bare Escentuals Beauty Inc., Colorescience Inc., Youngblood Mineral Cosmetics LLC, Pacifica Beauty LLC, RMS Beauty LLC, W3LL People Inc., Au Naturale Cosmetics Inc., Inika Organic Pty Ltd.
North America was the largest region in the mineral cosmetics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mineral cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mineral cosmetics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The mineral cosmetics market consists of sales of lipsticks, moisturizers, exfoliators, body lotions, and eye creams. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.