Waterless Cosmetics Market Size, Estimates, And Forecast To 2028

Waterless Cosmetics Market Growth & Trends

The global waterless cosmetics market size is expected to reach USD 17.2 billion by 2028, registering a CAGR of 10.6% during the forecast period, according to a new report by Grand View Research, Inc. The rising inclination of consumers toward environment-friendly and sustainable beauty products, coupled with the growing global awareness about the benefits of waterless products, has projected lucrative market growth in the forecast period. Moreover, the increasing demand for high-priced premium cosmetics products due to the rising disposable income is driving the global market.

U.S. waterless cosmetics market size, by distribution channel, 2019 - 2028, (USD Billion)

Waterless Cosmetics Market Segmentation

Grand View Research has segmented the global waterless cosmetics market on the basis of product, distribution channel, and region:

Based on the Product Insights, the market is segmented into Skincare, Haircare, Makeup, and Others.

  • The skincare segment contributed to the largest revenue share of around 50% in the global market in 2021 and is expected to progress with a CAGR of 10.5% from 2022 to 2028. The increasing awareness about maintaining youthful skin and good appearance is anticipated to drive the demand for anti-aging products. Waterless beauty products are used for different purposes such as soothing, tightening, brightening, and moisturizing the skin, and also help sustain skin beauty and health.
  • The haircare segment is expected to advance at the fastest growth rate of 11.2% from 2022 to 2028. The increasing popularity of waterless formulas due to the more concentrated and higher efficacy of hair care products has led to the upsurge of this segment. The harmful effect of artificial ingredients used in manufacturing cosmetic products, and the rising health concerns among consumers, have projected the growth of this segment during the forecast period.

Based on the Distribution Channel Insights, the market is segmented into Offline and Online.

  • The offline channel contributed a share of more than 82% in the global market in 2021. Consumers are preferring the offline channel for purchasing consumer goods and beauty products, where they can physically verify product quality. In addition to this, easy access and searching for diverse products through stores is likely to enhance the segment growth during the forecast timeframe. Offline channels are expected to remain dominant due to improved distribution channel networks across the globe.
  • The online segment of the market is expected to register the fastest growth during the forecast years, with a CAGR of 11.2% from 2022 to 2028. The rising adoption of e-commerce platforms for the shopping of consumer goods and beauty products by consumers due to the burgeoning internet penetration rate has led to lucrative segment growth.
  • Several manufacturers are offering cosmetics products on their websites as well as on e-commerce platforms, thereby supporting market growth during the forecast period. The use of online shopping portals such as Amazon, Flipkart, Myntra, and other mobile appsis getting popular among the youth. Various offers, deals, and huge discounts on cosmetic products, along with the rising number of online distributors in the cosmetic industry, are fueling the growth of this segment.

Waterless Cosmetics Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East and Africa (MEA)

Market Share Insights

  • January 2021: Everist Inc. launched its high-performance beauty product in the hair care category.

Key Companies Profile & Market Share Insights

With the rapid development of waterless beauty products, the target market is estimated to witness new market entrants and product innovations. In 2020, there was the launch of Green + Bare, a new Australian brand dedicated to offering a range of water-free beauty products.

Some of the prominent players operating in the global waterless cosmetics market include,

  • L’Oréal
  • Procter & Gamble
  • Unilever
  • Kao Corporation
  • Pinch of Colour
  • Taiki USA
  • Loli
  • Clensta
  • Ruby’s Organics
  • Ktein
  • Carter + Jane
  • VAPOUR BEAUTY
  • Allies Group Pte. Ltd.

Order a free sample PDF of the Waterless Cosmetics Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more