The forecast of Color Cosmetics Market
2016-02-03 15:09:00
Color cosmetics have been used wildly in nail products, lip products, eye make-up, facial make-up, and other. In 2014, its global market stood at USD 57.4 Billion and it is expected to reach USD 77.7 Billion in 2020 with a CAGR of 5.7%. Meanwhile, the Cosmetic Packaging will also grow accordingly.
The major driving factors of the development of Color cosmetics market are the rising disposable income of people, rising consciousness about appearance, and improving quality of life. It is obvious in North America and Europe. Moreover, in Asia-Pacific, China and India are expected to witness high demand for Color cosmetics between 2015 and 2020. The Chinese Color cosmetics industry is growing due to consumers becoming younger and more affluent. In India, the demand for beauty products is expected to register a high CAGR.
Therefore, the Cosmetic Packaging industry is getting the advantage in the global market.
