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iCrowdNewswire Jan 18, 2021 2:00 AM ET

Makeup Base 2019 - Global Sales, Price, Revenue, Gross Margin and Market Share Forecast Report

iCrowd Newswire - Jan 18, 2021

Makeup Base Market – 2019-2025

Market Overview

This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.

This report studies the global market size of Makeup Base in key regions like North America, Europe, China and Japan, focuses on the consumption of Makeup Base in these regions.
This research report categorizes the global Makeup Base market by top players/brands, region, type and end user. This report also studies the global Makeup Base market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

The global makeup base market size was valued at USD 12.2 billion in 2018. Rising participation of women in the workforce and increasing physical appearance consciousness among millennial consumers across the world are some of the key factors driving the market for makeup base. Expansion of digital campaigns through YouTube, Instagram, Pinterest, Facebook, Twitter, and beauty blogs has been influencing the consumers to try new beauty products including makeup base. For instance, the Google search for “foundation for me” has doubled from 2013 to 2018.

The increasing millennial population, along with a surge in their spending on cosmetics, is fueling the demand for makeup base over the world. As a result, manufacturers of this industry are targeting millennial consumer groups by expanding the product lines and enhancing online retail platforms. Over the past few years, natural ingredients have been gaining remarkable traction among this consumer group. Rising awareness about the harmful impacts of chemical-based makeup is encouraging consumers to opt for natural cosmetics. As a result, the use of natural raw materials such as plant oils, botanical ingredients, and mineral pigments has increased significantly in this industry.

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As a result, digital marketing has been expanding significantly in this industry. Producers are teaming up with the social influencers for their marketing. The surge in the online beauty tutorials in several social media platforms including Instagram, YouTube, and Facebook has been inspiring the consumers to experiment with new cosmetic products such as makeup base.

Increasing use of makeup among male consumers is expected to widen the scope for the industry in the near future. Companies such as TOM FORD have been targeting male consumers by introducing specialized products for men’s skin and giving these products manlier names. For instance, the foundation for men often called tinted moisturizer. Furthermore, inadequate supply of makeup products such as makeup base for dark skin tones will enhance the opportunity of the makeup base manufacturers in the upcoming years.

Distribution Channel Insights

The offline distribution channel led the makeup base market and held over 75.0% share of the total revenue. Prominent retail outlets of this distribution channel include supermarkets and hypermarkets and specialty stores. A large number of consumers prefer to buy new cosmetic products such as makeup base from brick and mortar stores as these stores enable consumers to try the product before purchasing. It is an important factor for the consumers as these shades of products vary with each consumer’s skin complexion.

Online distribution channel is projected to expand at the fastest CAGR of 6.3% from 2019 to 2025. The bestselling products are often purchased through online stores. E-commerce allows consumers to shop anywhere, anytime, and has a wide range of products. Therefore, online stores have been attracting consumers over the world. Major e-retailers of this industry include Sephora; Amazon; Strawberrynet; FEELUNIQUE INTERNATIONAL LIMITED; and Ulta Beauty, Inc.

Product Insights

As of 2018, the foundation held the largest share of more than 40.0%. Foundation is available in different forms including liquid, cream, cake, and stick, which provides the skin an even color. It also functions as a moisturizer and sunscreen of skin. Sometimes foundation changes the natural skin tone of the consumer. A wide range of shades has been attracting consumers with different complexions. The trend of cushion foundation has been growing significantly across the globe due to its ease of application. This trend is more prominent in Asia Pacific, especially in South Korea. A large part of the consumers in South Korea has been using this makeup base product.

Regional Insights

Asia Pacific dominated the market for makeup base in 2018, accounted for 30.5 % share of the total revenue. An increasing number of female working professionals, along with rising purchasing power of consumers, have been driving the demand for the makeup base in this region. Key markets of Asia Pacific include China, Japan, South Korea, Hong Kong, Australia, Malaysia, Singapore, and India. Over the past few years, demand for easy-to-use and time saving cosmetic products such as makeup base has been increasing in this region. Furthermore, an increasing number of middle-class consumers have been fueling the demand for luxury cosmetics including makeup base in this region, especially in China.

Middle East and Africa are expected to expand at the steady growth in the near future. Increasing spending on makeup products, along with the high income of the consumers in Middle Eastern countries, is boosting the industry growth in this region. Saudi Arabia and UAE are the prominent markets for luxury cosmetics such as makeup base products in this region.

Makeup Base Market Share Insights

Major manufacturers of this industry include L’Oréal S.A.; Shiseido Company; LVMH Moët Hennessy – Louis Vuitton SE; Coty Inc.; Estée Lauder Companies; Avon Products, Inc.; Amorepacific Corporation; Unilever; Mary Kay Inc.; and Chanel S.A. Mergers and acquisitions have been a key business expansion strategy of this industry. For example, Estée Lauder Companies acquired two growing makeup brands, BECCA Cosmetics and Too Faced, in October 2016 and November 2016. This acquisition is expected to expand the portfolio of prestige beauty brands of Estée Lauder Companies and strengthen its base of young consumers. In addition, the well-established online presence of BECCA Cosmetics and Too Faced will help in boosting online sales of the company.

End Users Covered:
L’Oreal S.A
Louis Vuitton SE
Coty Inc
Estee Lauder Companies
Avon Products
Amorepacific Corporation
Chanel S.A
Mary Kay

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Table of Content:

1 Study Coverage

2 Executive Summary 

3 Breakdown Data by Manufacturers 

4 Breakdown Data by Type 

5 Breakdown Data by Application 

11 Company Profiles 

12 Future Forecast 

13 Market Opportunities, Challenges, Risks and Influences Factors Analysis 

14 Value Chain and Sales Channels Analysis 

15 Research Findings and Conclusion

16 Appendix  

Continued …

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