The makeup tools global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Makeup Tools Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The makeup tools market size has grown rapidly in recent years. It will grow
from $2.6 billion in 2023 to $2.88 billion in 2024 at a compound annual growth
rate (CAGR) of 10.7%. The growth in the historic period can be attributed to
social media Influence, fashion trends, influence of film and television,
beauty bloggers and influencers, technological accessibility, cultural
diversity.
The makeup tools market size is expected to see strong growth in the next few
years. It will grow to $4.1 billion in 2028 at a compound annual growth rate
(CAGR) of 9.2%. The growth in the forecast period can be attributed to rise of
male makeup markets, fashion industry trends, continued growth of online makeup
sales and digital beauty platforms, subscription models, collaborations between
makeup brands and social media influencers. Major trends in the forecast period
include clean beauty products, multi-functional makeup products, virtual try-on
technologies, traditional beauty norms, and targeting a wider audience.
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Scope Of Makeup Tools Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Makeup Tools Market Overview
Market Drivers -
The expanding beauty and cosmetics industry is expected to propel the growth of
the makeup tools market going forward. The beauty and cosmetics industry is a
diverse and dynamic sector that encompasses the production, marketing, and sale
of products designed to enhance and beautify the appearance of individuals. The
beauty and cosmetics industry is growing due to increasing consumer demand for
self-care and personalized grooming. The expanding beauty and cosmetics
industry is fueling innovation and demand for advanced makeup tools that
revolutionize application techniques and enhance the user experience. For
instance, in June 2023, according to the National Hair and Beauty Federation, a
UK-based trade industry group, between March 2021 and March 2022, the number of
hair and beauty businesses in the UK rose by 2,215, reaching a total of 48,425
businesses. The hair and beauty sector generated $5.81 billion (£4.6 billion)
in revenue in 2020–2021. Therefore, the expanding beauty and cosmetics industry
is driving the growth of the makeup tools market.
Market Trends -
Major companies operating in the makeup tools market are increasing their focus
on developing innovative products, such as detachable makeup brushes, to gain a
competitive edge. A separable makeup brush refers to a brush that can be
disassembled or has interchangeable parts, allowing for easy cleaning,
maintenance, or customization. For instance, in March 2023, F.S. Korea
Industries Inc., a South Korea-based makeup tool manufacturer, launched a new
makeup brush called GoBrush, which features detachable parts. This design
allows users to assemble the three parts (fibers, ferrule, and handle)
according to their preferences. They can change the fibers after use and reuse
the ferrule and handle. This feature helps reduce glue consumption, facilitates
recycling, and offers possibilities for customization.
The makeup tools market covered in this report is segmented –
1) By Product: Makeup Brushes, Eyelash Tools, Disposable Makeup Tools, Sponge,
Other Products
2) By Cosmetic Type: Organic Cosmetics, Synthetic Cosmetics
3) By Distribution Channel: Offline, Online
4) By Application: Personal, Professional
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Regional Insights -
North America was the largest region in the makeup tools market in 2023. The
regions covered in the makeup tools market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the makeup tools market are LVMH Moët Hennessy
Louis Vuitton (LVMH), L'Oréal S.A., The Estée Lauder Companies Inc., Chanel
Inc., Shiseido Company Limited, Avon Products Inc., KIKO S.p.A., e.l.f. Beauty
Inc., Etude House, Artdeco, MAC Cosmetics, Sigma Beauty, Beauty Blender,
Watsons Singapore, ZOEVA GmbH, Chikuhodo, Real Techniques, Make Up For Ever
LLC, SHANY Enterprises Inc., Nanshy Limited, Bestope, Kevyn Aucoin Beauty, NARS
Cosmetics
Table of Contents
1. Executive Summary
2. Makeup Tools Market Report Structure
3. Makeup Tools Market Trends And Strategies
4. Makeup Tools Market – Macro Economic Scenario
5. Makeup Tools Market Size And Growth
…..
27. Makeup Tools Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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