Male Colour Cosmetics Market is projected to expand at a CAGR of 13.9% from 2022 to 2029: Future Market Insights, Inc.
The trend of using cosmetics has gathered momentum amongst young and mid-aged men. Contrary to popular belief, the use of some of the male colour cosmetics is expected to supplant the usage of the same product in women. The growing inclination of men towards personal grooming and wellness has played a defining role in driving sales across the global male colour cosmetics market.
NEWARK, Del, June 15, 2022 (GLOBE NEWSWIRE) — The global male colour cosmetics market is expected to register new growth opportunities during the forecast period. The market is projected to rise at a CAGR of ~11% between 2019 and 2029, Future Market Insights foresees high growth for the market.
Globally, rising internet penetration and adoption of e-commerce are the factors expected to fuel the revenue growth of global male colour cosmetics market, owing to growing number of customers using digital technology for mobile transactions and purchasing various products through online platform. In order to capitalize on millennial that are tech-savvy, companies in male colour cosmetics market are engaged with consumers through the use of social media and other digital avenues to advertise their products and increase the market share via online sales revenue.
Increasing online sales and use of e-commerce for selling FMCG products in North America, East Asia, and South Asia has led to surge the growth of B2C business in the consumer goods sector. Over the years, consumers’ behaviour has drastically changed and are more inclined towards researching about products online and purchasing various products such as men lips sticks, men foundation creams, and other products through e-commerce.
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Key Takeaways from the Male Colour Cosmetics Market Study
According to the report, key market players are likely to focus on the product penetration Latin America and South Asia. Manufacturers of male colour cosmetics are shifting their focus toward natural and organic ingredient in the products. Increasing awareness coupled with look conscious behaviours of men with regard to men’s colour cosmetics is one of the major reasons for men to opt for natural and organic products. To target this untapped group, companies are developing novel products with natural ingredients, which in turn is expected to boost the demand for male colour cosmetics in the near future. Moreover, product advertisement related to customer sentiments is the key strategy adopted by male colour cosmetics companies.
The Latin America is forecasted to witness high growth rates due to increasing company’s penetration in the region and increasing product awareness among men in the region. Strengthening sales channels in the Latin America and Middle East & Africa is anticipated to create significant expansion opportunities for players in the global male colour cosmetics market.
E-commerce sales channel is estimated to generate high revenue in the forecasted years for the male colour cosmetics market owing to increasing internet usage among consumers.
Celebrity Endorsement to Inspire Consumer’s Buying Behaviour
An emerging trend in the male colour cosmetics market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same. For instance, David Beckham & L’Oréal has entered into a partnership for male product promotion under the brand ‘HOUSE 99’. The brand is engaged in offering Natural Bronzing Effect Moisturising Gel.
Who is winning?
Some of the key players operating in the male colour cosmetics market are as L’oreal, War Paint, Koh Gen Do, Calven Klein, 4VOO, Glossier Inc., Guerlain, Hourglass, Formen Inc., Mens MakeUp, Menaji Worldwide LLC, Chanel and others
Several leading market players are engaged in partnership with other stakeholders to increase their product offering across the world. Moreover, companies are engaged in product innovation, launches, and advertisement on social networks to promote their products.
In 2018, Chanel launched its first make-up line for men, ‘Boy De Chanel’. The product launch comprises of an eyebrow pencil, a foundation and other products.
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Key Segments of Male Colour Cosmetics Industry Survey
Male Colour Cosmetics Market by Product:
Beard Colour Sticks/Pens
Under Eye Concealers
Male Colour Cosmetics Market by End User:
Male Colour Cosmetics Market by Nature:
Male Colour Cosmetics Market by Price Range:
Premium Colour Cosmetics
Mass Colour Cosmetics
Male Colour Cosmetics Market by Sales Channel:
Male Colour Cosmetics Market by Region:
North America Male Colour Cosmetics Market
Latin America Male Colour Cosmetics Market
Europe Male Colour Cosmetics Market
East Asia Male Colour Cosmetics
South Asia & Pacific Male Colour Cosmetics Market
Middle East & Africa (MEA) Male Colour Cosmetics Market
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Table of Content
1. Executive Summary
1.1. Male Colour Cosmetics Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Male Colour Cosmetics- Industry Growth Analysis
3.1. Contribution of Male Colour Cosmetics in Global Personal Care Industry
3.2. Changing Men Perception towards Colour Cosmetics
3.3. Evolution of Male Colour Cosmetics
3.4. Taboos Link to Masculinity
4. Key Market Trends
4.1. Key Trends Impacting the Market
4.2. Product Innovation Trends
5. South Korea- an Exciting Prospect For Beauty Suppliers
5.1. South Korea s Beauty and Personal Care Market Overview
5.2. Korean Beauty Brands – Strengthening their Marketing Efforts
5.3. Consumer Trend in South Korea Market
6. Consumer Sentimental Analysis
6.1. Percentage of Demand by Age Group
6.2. Percentage of Demand by Preferred Sales Channel
6.3. Percentage of Demand by Products Type
6.4. Social Media Sentimental Analysis
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