The global mineral cosmetics market grew by an average of 4.7% annually.

Last year, the market size was $2.1 billion. It is estimated that the average annual growth rate will be 4.7% from 2019 to 2026, continuing the steady growth momentum. Mineral Cosmetics Market by Product Type (Face Cosmetics, Lips Cosmet Market by Product Type), released last month by Allied Market Research, a market research firm in Portland, Oregon, USA These predictions are made in the Retail Distribution Channel (Retail Distribution, E-Commerce, and Beauty Center & Spas): Global Opportunity Analysis and Industry Forecast, 2019-2026).

This report analyses the growing trend of the global mineral cosmetics market under the changing trend of consumer interest and preferences, as well as the increasing awareness of health among male and female consumers.

But the report also points out that higher prices and the resulting alternative threats also hinder the growth of the mineral cosmetics market. Nevertheless, the report speculates that with the increase of personal income, combined with innovative marketing strategies, it will be an opportunity for future mineral cosmetics market to generate revenue. The report also lists the major mineral cosmetics companies including L'Oreal, Glo Skin Beauty, Revlon, Mineralissima, Shiseido, Merck, ECKART, BASF and Neelikon. According to the report, the fastest growing product type is facial cosmetics by 2026, with an average annual increase of 5.9%. The main reason is that facial changes among women are forming a popular trend.

However, in the global mineral cosmetics market last year, lip cosmetics accounted for the largest market share. Lip cosmetics account for more than two-fifths of the total mineral cosmetics. The report also concludes that the growing market share of eye cosmetics will continue to expand. From the point of view of all circulation channels, retail channels accounted for the largest market share last year. Large-scale retailers not only have a strong sense of existence, but also directly improve the retail stores that can experience product quality to consumers. Under this influence, the market share of retail channels reaches two-fifths. Nevertheless, the report firmly speculates that by 2026, the fastest growing circulation channel will be e-commerce channel. The average annual growth rate will remain at 6.7% from 2019 to 2026.

However, the report believes that by 2026, beauty centers and massage shops will be able to prove the growth trend. By 2026, the Asia-Pacific region is the fastest growing region, with an average annual growth rate of 5.4%.