According to the latest report by IMARC Group, titled "Mineral Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global mineral cosmetics market exhibited moderate growth during 2015-2020. Mineral cosmetics refer to makeup products that comprise compressed fine micronized minerals. These minerals, such as iron, mica, titanium dioxide, and zinc oxide, are naturally found and crushed to form a powder to be used in the formulation of cosmetics. They are devoid of harmful or chemical substances, such as dyes, preservatives, fragrances and synthetic waxes that are commonly found in traditional cosmetics. Their usage also reduces the risks of developing allergies as they are characterized by antioxidant and inflammatory properties. Consequently, they are increasingly utilized in the production of primers, mascara, foundation and sunscreen lotions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Mineral Cosmetics Market Trends:
The global market is majorly driven by the increasing preference of the masses toward natural and organic cosmetic products. Coupled with the rising concerns regarding the environmental impact of artificial ingredients and harmful effects of synthetic chemicals in cosmetics, this is providing an impetus to the market growth. Moreover, the increasing consciousness regarding maintaining an aesthetic physical appearance among individuals and the widespread popularity of social media platforms on the global level are also acting as major growth-inducing factored. The market is further driven by the introduction of multi-functional mineral cosmetic products that are gaining widespread prominence among the masses. Some of the other factors contributing to the market growth include inflating disposable income levels of the masses, growing geriatric population and the easy product availability via online and offline retail channels. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 4.5% during 2021-2026.
- On the basis of the product, the market has been divided into face products, lip products, eye products and others.
- Based on the distribution channel, the market has been bifurcated into offline and online.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Ahava Dead Sea Laboratories, BASF SE, Clariant AG, Glo Skin Beauty, L'Oréal S.A, Merck KGaA, Mineralissima, Neelikon, Revlon, Shiseido Co.Ltd. and The Estée Lauder Companies Inc.
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