Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Waterless Cosmetics Market size is expected to reach $16.4 billion by 2028, rising at a market growth of 10.1% CAGR during the forecast period.
The Skincare segment acquired maximum revenue share in the Global Waterless Cosmetics Market by Product Type in 2021, thereby, achieving a market value of $7.8 billion by 2028. The demand for anti-aging products is expected to rise as people become more aware of the importance of preserving youthful skin and look. Waterless beauty products are utilized for a variety of functions, including skin calming, tightening, whitening, and hydrating, as well as maintaining skin beauty and health. With the evolving period of time, people are becoming more aware as well as concerned about skin health in long-term prospects, and hence actively started consuming skincare products.
The Online market is showcasing a CAGR of 8.8% during (2022 - 2028). Consumers are increasingly using e-commerce platforms to buy consumer goods and beauty products, due to the growing internet penetration rate, which has contributed to lucrative category growth. The expansion of the market is being fueled by a variety of offers, promotions, and substantial discounts on cosmetic products, as well as an increase in the number of online cosmetic distributors.
The Asia Pacific market dominated the Global Waterless Cosmetics Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6.5 billion by 2028. The North America market is estimated to witness a CAGR of 9.3% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 9.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product Type
By Distribution Channel
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