Mineral Cosmetics Market

Mineral Cosmetics Market Size (2023-2028):

Mineral Cosmetics Market was valued at USD 2.05 Billion in 2022 and is projected to achieve USD 2.94 Billion by 2028, growing at a CAGR of 4.64% from 2023-2028

The face product segment held the biggest share, accounting for over 40% of the worldwide mineral cosmetics market revenue in 2018. The increasing working female population size has been increasing the demand for face care products. The long-lasting and inbuilt SPF features of those natural makeups have made them popular among consumers. Key face products include foundation, makeup, concealer, bronzer, and blush. Lip products are projected to be the fastest-growing segment of the marketplace for mineral cosmetics, expanding at a CAGR of 5.6% from 2019 to 2025. The increasing purchasing power of female consumers as a result of the rising number of working women in developing economies like China and India is predicted to boost the demand for premium lip products within the near future. Over the past few years, social media and sweetness blogs are encouraging consumers to experiment with new textures and colors in lip products. Colors including nude, pink, and peach have gained significant popularity across the world.

One of the crucial reasons behind the increasing popularity of mineral cosmetics is the rose in health consciousness among both males and females around the globe. Furthermore, surging specialization in mineral cosmetic products and escalating income of individuals are the substantial driving factors of the mineral cosmetics market during the forecast period. Moreover, changing consumer tastes & preferences is predicted to form numerous opportunities within the near future. The lips cosmetics segment accounted for the very best share in 2019. However, the face cosmetics segment's marketplace is anticipated to witness lucrative opportunities throughout the forecast period. 

Mineral cosmetics are varieties of makeup products that are rich in compressed minerals. The marketplace for these kinds of products holds growing demand thanks to more preference for safer makeup products over standard ones. Additionally, these products have more health benefits than their anti-parts. The push for the mineral cosmetics market stems from the increasing inclination of assorted companies toward offering makeup products that are rich in natural minerals. The key natural minerals involved in the majority of cosmetic products available today are iron oxides, zinc oxide, organic oils, mica powder, and titanic oxide. Various product types within the global mineral cosmetics market are categorized into face products, eye products, lip products, and others.

Impact of COVID-19 on the market:

Although the impacts of COVID-19 have taken a huge toll on the Digital Therapeutics market dynamics, the market seems to grow significantly with time. The market is anticipated to experience an increase by the year 2029. 

Recent Developments:

In recent times, numerous key players in the marketplace for mineral cosmetics try diverse M & M&A processes to sustain the cut-throat competition within the industry. As an example, BWX Limited announced the acquisition process of Mineral Fusion Natural Brands in July 2017. Moreover, various companies are attracting their consumers by introducing a variety of the latest beauty products with natural ingredients. For example, in January 2016, bareMinerals launched a spread of anti-aging skincare products, including Skinsorials and Skinlongevity Vital Power Infusion.

Drivers and Restraints of the Mineral Cosmetics Market:

Mineral Cosmetics Market Drivers:

The need for safe beauty products that don't seep into the skin of people has propelled the mineral cosmetics market globally. Notably, the improved knowledge on the harmful effects of chemical-based beauty products has pushed consumers to prefer alternative products made from natural ingredients like minerals. Moreover, the net availability of varied natural beauty products has supported market growth. Additionally, the flexibility of varied natural ingredients like titanic oxide and flowers of zinc to shield skin from the sun’s harmful UV rays and work as sunscreen has motivated people to use these products, thereby flourishing the worldwide mineral cosmetics market. Additionally, these products are regularly used as SPF moisturizers and makeup cosmetics. Moreover, the increased preference for multi-functioning beauty products paves the way for the expansion of the worldwide mineral cosmetics market. Additionally, the growing disposable incomes among the worldwide population have allowed them to decide on the most effective natural skincare products, thereby supporting the market to grow exponentially. 

Mineral Cosmetics Market Restraints:

The availability and need of world brands and their problems faced due to large or scarce opponents from the local and domestic markets, the impact of domestic tariffs, and trade paths is considered the challenges for the growth of the mineral cosmetic market.

Mineral Cosmetics Market Segmentation:

Mineral Cosmetics Market – By Product Type:

• Face cosmetics

• Lips cosmetics
• Eye cosmetics

The face cosmetics segment is estimated to be the fastest-growing sector within the product type segment during the forecast period. Mineral facial cosmetics are products that are accustomed to color and highlight facial expressions. They'll either directly add or alter the color or are often applied over a foundation that serves to form the color even and smooth.

Mineral Cosmetics Market – By Distribution Channel:

• Retail distribution

• E-commerce

• Sweetness center & spas

The retail distribution acquired the most market share of around 45.1% in 2019. This can be thanks to the massive presence of shops and retail stores all around the world. 

Regional Analysis:

• North America
• Europe 
• Asia Pacific
• Latin America 
• The Middle East and Africa 

North America dominated the marketplace for mineral cosmetics in 2018, contributing to quite 35% of the world's revenue. Rising consumer awareness about the harmful effects of chemical-based attention products has propelled the demand for natural cosmetics in this region. Over the past few years, North America’s pharmacies, specialty organic cosmetics stores, and other retail chains have witnessed remarkable growth within the organic product segment.

The Asia Pacific is predicted to look at the fastest growth during the forecast period. The increasing middle-class population and rising purchasing power within these countries are anticipated to spice up the demand for makeup mineral cosmetics in the upcoming years. Additionally, the growing number of working women is fueling the demand for CC (color correcting) and BB (blemish balms) creams in this region. The increasing penetration of international brands in emerging economies has been affecting the marketplace for mineral cosmetics positively.

Leading Companies :

• Glo Skin Beauty
• Mineralissima Mineral Make-up
• Iredale Cosmetics, Inc.
• Shiseido Company Limited
• Revlon, Inc.
• BWX Limited
• L'Oréal S.A.
• Ahava Dead Sea Laboratories
• Limited
• Cover FX
• The Estée Lauder Companies Inc