Asia Pacific Makeup Market to Demonstrate 7.1% CAGR from 2013 to 2019, Owing to High Demand from India and China: Transparency Market Research
Transparency Market Research has published a new report "Asia Pacific Makeup Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019" to its report store.
Albany, NY -- (SBWire) -- 07/17/2015 --A U.S. based market research and intelligence firm, Transparency Market Research (TMR) has recently published a new market research report on the Asia Pacific makeup market. According to the study, in 2013, the Asia Pacific makeup market stood at US$14.76 billion and is estimated to touch 22.31 billion by the end of 2019, exhibiting progressive 7.1% CAGR between the years 2013 and 2019. The research report is titled, "Asia Pacific Makeup Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019". The 105-page report attempts to provide a detailed analysis of the Asia Pacific makeup market, along with evaluating in details the growth prospects and market segmentation.The Asia Pacific makeup market has been segmented on the basis of its type into nail makeup, face makeup, eye makeup, and lip makeup. In 2013, the face makeup segment accounted for the largest market share of the Asia Pacific makeup market, which was followed by lip makeup segment.
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The demand for natural or organic makeup products is estimated to increase substantially in the forecast period, owing to increasing awareness among consumers regarding the side effects of synthetic chemicals found commonly in drugstore makeup products. Several organic products are expected to be introduced in lip, eye, and face makeup segments in the near future. In the face makeup segment, face powder is expected to register highest demand, followed by foundations in the forecast period. In addition, in the lip makeup segment, lipsticks are expected to continue with its dominance, followed by lip liners through the forecast period.
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Geography-wise the research report segments the Asia Pacific makeup market into India, Japan, South Korea, Malaysia, Australia, New Zealand, China, Singapore, and Rest of the Asia Pacific. In 2013, Japan was the most lucrative market for makeup merchandise, owing to high demand for makeup among working women and high standard of living in this region. However, by the end of 2019, China is expected emerge as the largest market for makeup in Asia Pacific due to the changing lifestyle and increasing disposable income of the consumers in the nation. In addition, the demand for makeup products is anticipated to rise in South Korea and Malaysia because of the rising preference for luxury merchandise in these markets. Among all these countries, demand for makeup products in the New Zealand and Australia is projected to grow slowly at a CAGR below 4.5%. However in Japan, the makeup market is expected to grow at 2.2% CAGR through the forecast period. India is anticipated to showcase rapid growth, exhibiting 15.2% CAGR between 2013 and 2019.
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The Asia Pacific makeup market is highly fragmented in nature owing to the huge number of market players operating in this region. Some of the key players of this market include Revlon, Inc., Unilever Plc., Proctor & Gamble Company, L'Oreal S.A., Coty Inc., and Estee Lauder Inc. The mentioned players hold majority of the market share; however, several private label brands are anticipated to rise in countries such as China, Australia, and India.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Transparency Market Research
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