Mineral Cosmetics Market to Grow with a CAGR of 5.14% through 2028
Advancements in cosmetic science and rising awareness
of sun protection are driving the Global Mineral Cosmetics Market in the
forecast period 2024-2028.
According to TechSci Research report, “Mineral
Cosmetics Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Mineral Cosmetics Market
stood at USD 3.12 Billion in 2022 and is anticipated to grow with a CAGR of 5.14%
in the forecast period, 2024-2028. The global mineral cosmetics market has
witnessed remarkable growth and transformation in recent years. Mineral
cosmetics, also known as mineral makeup, are cosmetic products formulated
primarily with natural minerals like zinc oxide, titanium dioxide, and iron
oxides. These products are celebrated for their unique benefits, including
gentle formulations suitable for sensitive skin, sun protection properties, and
a natural, breathable finish. In this overview, we will explore the key factors
contributing to the growth and dynamics of the global mineral cosmetics market.
One of the primary drivers of the global mineral
cosmetics market is the increasing consumer demand for natural and clean beauty
products. As awareness grows about the potential harmful effects of synthetic
chemicals and additives in cosmetics, consumers are seeking alternatives that
prioritize transparency in ingredient sourcing. Mineral cosmetics, with their
natural mineral ingredients, offer a cleaner and more transparent option. They
often exclude common irritants like fragrances, preservatives, and parabens,
making them ideal for those with sensitive skin or allergies.
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The global beauty industry is undergoing a green
transformation, and mineral cosmetics are no exception. Sustainability and
eco-friendliness have become significant trends in the market. Mineral
cosmetics brands are increasingly focused on reducing their environmental
footprint. They utilize recyclable or biodegradable packaging, minimize waste,
and engage in responsible ingredient sourcing. These practices resonate with
consumers who prioritize eco-conscious and ethical beauty choices.
Another driving factor in the mineral cosmetics market
is the growing awareness of sun protection. UV radiation from the sun can cause
premature aging and increase the risk of skin cancer. Mineral cosmetics,
particularly those containing zinc oxide and titanium dioxide, offer natural
sun protection by creating a physical barrier that reflects and scatters UV
rays. This inherent sun protection factor (SPF) is a significant draw for consumers,
as it combines the benefits of makeup and skincare in one product.
The global beauty landscape has been witnessing a
shift towards minimalistic makeup trends that emphasize natural beauty and skin
health. Mineral cosmetics align perfectly with this trend, providing a
lightweight, breathable, and natural finish that enhances the skin's appearance
without the heaviness associated with traditional makeup.
In recent years, the mineral cosmetics market has seen
a rise in indie and niche brands offering unique and innovative products. These
smaller brands have been successful in catering to specific consumer needs and
preferences, such as clean formulations, inclusive shade ranges, and
eco-conscious practices. Their agility and ability to connect directly with
consumers through social media and e-commerce platforms have disrupted the
market and contributed to its growth.
In conclusion, the global mineral cosmetics market is
characterized by its increasing popularity driven by consumer demand for natural
and clean beauty products, a strong emphasis on sustainability, growing
awareness of sun protection benefits, alignment with minimalistic makeup
trends, and the emergence of indie and niche brands. As these factors continue
to shape consumer preferences, the mineral cosmetics market is poised for
further expansion and innovation in the coming years.
The Global Mineral Cosmetics Market is segmented into product,
distribution channel, regional distribution, and company.
Based on product the market is segmented into face
products, lip products, eye products, and others. The global
mineral cosmetics market has seen a surge in the demand for face products. This
trend can be attributed to consumers' increasing preference for natural and
clean beauty solutions. Mineral cosmetics, including foundations, blushes, and
concealers, are favored for their gentle formulations suitable for sensitive
skin. Moreover, the inherent sun protection properties of mineral-based face
products align with the growing emphasis on sun protection in skincare and
makeup routines. As consumers continue to prioritize both cosmetic coverage and
skincare benefits, the demand for mineral-based face products is expected to
rise further.
Based on distribution channel the market
is segmented into offline and online.
Based on region the market is segmented
into five regions, North America, Europe, Asia Pacific, Middle East & Africa,
and South America.
Major companies operating in
Global Mineral Cosmetics Market are:
- Mineralissima Mineral Make-up
- Shiseido Company, Limited
- Iredale Cosmetics, Inc.
- Glo Skin Beauty
- BWX Limited
- L'Oréal S.A.
- Revlon, Inc.
- The Estée Lauder Companies Inc.
- Cover FX
- Ahava Dead Sea Laboratories, Limited
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“Advanced ingredients and technologies in products is
a significant trend that is expected to have an impact on growth over the
forecasted period. Growing skincare awareness, advancements in cosmetic science,
and product development and innovation will positively impact the Global Mineral
Cosmetics Market. Due to the wide range of products available to meet specific
needs of, as well as the growing popularity of the online distribution channel,
the market is growing at impressive rate through projected period,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Mineral Cosmetics Market By Product (Face Products,
Lip Products, Eye Products, Others), By Distribution Channel (Offline, Online),
By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Mineral Cosmetics Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Mineral Cosmetics Market.
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