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Global Pressed Powder Industry Market Dynamics & Strategic Insights (2023 – 2031)
The pressed powder market is expected to grow strongly in the forecasted years, as millennial class population is more interested in the product. New products and availability of the premium brands across regions is driving market. Since last few years, the growing working-class population, inclination of the young and middle-aged population for the skincare products will fuel the market demand. The changing lifestyle habits, coupled with the high spending power of common people will aid the growth of the market in the coming years. The advancements in cosmetics industry have opened up a huge potential for the companies operating in the market
The Pressed Powder Market is expected to grow at a CAGR of 7.12% during the forecasted period of 2020-2028. The market growth is driven by the growing millennial population; high prevalence of acnes; and availability of the key brands through online sales channel. This has led to an increase in demand for Pressed Powder both at institutional & individual level. The shift towards skincare in a bid to influence and stay relevant in the changing fashion trends drives the demand for Pressed Powder solutions.
The Pressed Powder Market is witnessing a substantial growth across vendors and varied end-user industries especially in both the developed & developing nations. The Pressed Powder Market is expected to reach USD 6.64 Billion by 2028 from USD 4.99 Billion in 2019, at a CAGR of 7.12 % from 2020 to 2028.
The market is analyzed across four geographical regions, namely, North America (U.S., Canada), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), and RoW (Latin America, Middle East and Africa). North America and Europe account for major shares of the global market. The increasing millennial population, along with a surge in their spending on cosmetics product, 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.
Asia Pacific region is the fastest growing market. The Asia Pacific region due to increased awareness, growing disposable income and inclination towards fashion trends of the middle age population has resulted in the exponential demand in last few years especially from Chinese, South Korean and Indian market. With a stringent regulation in the region by various Governments is hindering Pressed Powder Market in some extent. It is expected that at a country level, the France, China & U.S. accounted for the majority of the market revenue by 2028.
The Pressed Powder Market is segmented on the basis of Product Types, By Distribution Channel, Skin Types and by Region. The End User types in this Market are, Men & Women. In which Women end user type holds the 78% of market share in 2019. And is expected to be growing at a CAGR of 7.18% in the forecasted period.
The Pressed Powder Market by Skin Type is segmented into Oily Skin & Dry Skin, and Sensitive Skin etc. Amongst all the Skin Type, Sensitive Skin Type is estimated to grow at a CAGR of 7.28% in the forecasted period and it holds the highest market share.
Key companies profiled in the report are Bobbi Brown, Carslan, Laneige, Charlotte Tilbury, CHANEL, Za, Clinique, Maybelline, LANCOME, M.A.C, E.L.F., MaxFactor, L’OREAL, EsteeLauder, Dior, Missha, LaMer, Fenty Beauty. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Pressed Powder providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
The Pressed Powder Market is expected to grow at a CAGR of 7.12% during the forecasted period of 2020-2028. The market growth is driven by the growing millennial population; high prevalence of acnes; and availability of the key brands through online sales channel. This has led to an increase in demand for Pressed Powder both at institutional & individual level. The shift towards skincare in a bid to influence and stay relevant in the changing fashion trends drives the demand for Pressed Powder solutions.
The Pressed Powder Market is witnessing a substantial growth across vendors and varied end-user industries especially in both the developed & developing nations. The Pressed Powder Market is expected to reach USD 6.64 Billion by 2028 from USD 4.99 Billion in 2019, at a CAGR of 7.12 % from 2020 to 2028.
The market is analyzed across four geographical regions, namely, North America (U.S., Canada), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), and RoW (Latin America, Middle East and Africa). North America and Europe account for major shares of the global market. The increasing millennial population, along with a surge in their spending on cosmetics product, 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.
Asia Pacific region is the fastest growing market. The Asia Pacific region due to increased awareness, growing disposable income and inclination towards fashion trends of the middle age population has resulted in the exponential demand in last few years especially from Chinese, South Korean and Indian market. With a stringent regulation in the region by various Governments is hindering Pressed Powder Market in some extent. It is expected that at a country level, the France, China & U.S. accounted for the majority of the market revenue by 2028.
The Pressed Powder Market is segmented on the basis of Product Types, By Distribution Channel, Skin Types and by Region. The End User types in this Market are, Men & Women. In which Women end user type holds the 78% of market share in 2019. And is expected to be growing at a CAGR of 7.18% in the forecasted period.
The Pressed Powder Market by Skin Type is segmented into Oily Skin & Dry Skin, and Sensitive Skin etc. Amongst all the Skin Type, Sensitive Skin Type is estimated to grow at a CAGR of 7.28% in the forecasted period and it holds the highest market share.
Key companies profiled in the report are Bobbi Brown, Carslan, Laneige, Charlotte Tilbury, CHANEL, Za, Clinique, Maybelline, LANCOME, M.A.C, E.L.F., MaxFactor, L’OREAL, EsteeLauder, Dior, Missha, LaMer, Fenty Beauty. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Pressed Powder providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
Scope:
| Report Data | Market |
| Forecast 2022 | million/billion (2022-2032) |
| CAGR - | % |
| Analysis Period | - |
| Base Year | |
| Forecast Data | - |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
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On the basis of type, the is segmented into Types.
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