The Asia Pacific Waterless Cosmetics Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
Manufacturers in the waterless beauty sector use appealing claims and connotations to attract customers. The players are using connotations such as non-toxic, organic, cruelty-free, and eco-friendly to reflect that their waterless beauty offerings align with numerous values. Several market players extensively believe that a loyal consumer or a prospective consumer prioritizes such values in their own way.
As in the forecast years, the cosmetics and personal care industry is expected to drive market expansion. Additionally, important drivers of the market are technological innovation and development in the manufacturing of waterless products. Moreover, waterless cosmetics have huge popularity within various industries like fashion and media broadcasting. Employees in such industries are frequently required to look well-groomed and sophisticated. Thus, demand in such firms will never go out of trend.
India is both a major producer and consumer of the majority of waterless cosmetics products. India sells approximately a quarter of all waterless cosmetics in South Asia. Millennials have grown up with technology, making people more knowledgeable than previous generations. In addition, millennial consumers in India have superior internet access. Popular Western beauty trends are sweeping India's beauty market, opening up the potential for waterless cosmetics sales. Younger beauty fans are increasingly interested in long-term beauty solutions, which is why people place a higher value on firms that open about the products and make efforts to lessen the environmental footprint.
Aside from that, the millennial age is not afraid to spend more on safe and dependable beauty products. South Korea has a high waterless beauty pattern in compared to other countries. The waterless beauty wave in South Korea is pushed by the need to develop skincare products with more potential skin care advantages, not by sustainability. This is owing to beauty aficionados want pure and non-diluted formulae, sales of waterless beauty products are likely to increase.
The China market dominated the Asia Pacific Waterless Cosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,788.3 Million by 2028. The Japan market is poised to grow at a CAGR of 9.8% during (2022 - 2028). Additionally, The India market would display a CAGR of 11.2% during (2022 - 2028).
Based on Product Type, the market is segmented into Skincare, Haircare, Makeup, and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Waterless Cosmetics Market is Projected to reach USD 16.4 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Taiki USA, True Botanicals, Carter + Jane, L'Oreal Group, The Procter and Gamble Company, Kao Corporation, Vapour Beauty, Allies Group Pte. Ltd., and Unilever PLC.
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