Mineral Cosmetics Market

Global Mineral Cosmetics Market Size (2024 to 2032)

The global mineral cosmetics market size was valued at USD 2.15 billion in 2023, The global market size is anticipated to reach USD 3.23 billion by 2032 from USD 2.25 billion in 2024. The market's promising CAGR for the predicted period is 4.64%.

Current Scenario of the Global Mineral Cosmetics Market

Mineral cosmetics are a variety 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 many 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.

MARKET DRIVERS

The rising popularity of mineral cosmetics, increasing disposable income, and growing health consciousness among both males and females worldwide are majorly driving the global market growth.

Changing consumer tastes & preferences are predicted to form numerous opportunities within the near future. 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 of 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. 

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 are considered the challenges for the growth of the mineral cosmetic market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Mineral Cosmetics Market By Product Type

Based on product type, the face cosmetics segment held the biggest share of the worldwide market, accounting for 40% of the worldwide mineral cosmetics market share in 2023.

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. 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 make the color even and smooth.

The lips cosmetics segment accounted for the very best share in 2023. However, the face cosmetics segment's marketplace is anticipated to witness lucrative opportunities throughout the forecast period. The lip cosmetics segment is projected to be the fastest-growing segment in the global mineral cosmetics market and showcases a CAGR of 5.6% from 2024 to 2032. The increasing purchasing power of female consumers because 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 have encouraged consumers to experiment with new textures and colors in lip products. Colors including nude, pink, and peach have gained significant popularity across the world.

Global Mineral Cosmetics Market By Distribution Channel

Based on the distribution channel, the retail distribution segment captured a share of 45.1% of the worldwide market in 2023 and is expected to grow promisingly during the forecast period owing to the massive presence of shops and retail stores all around the world. 

REGIONAL ANALYSIS

North America dominated the mineral cosmetics market in 2023, 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 fuelling 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.

KEY MARKET PLAYERS

Companies playing a leading role in the global mineral cosmetics market include 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 and The Estée Lauder Companies Inc.

RECENT HAPPENINGS IN THE MARKET

• 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.

DETAILED SEGMENTATION OF THE GLOBAL MINERAL COSMETICS MARKET INCLUDED IN THIS REPORT

This research report on the global mineral cosmetics market has been segmented and sub-segmented based on product type, distribution channel, and region.

By Product Type

• Face Cosmetics
• Lips Cosmetics
• Eye Cosmetics

By Distribution Channel

• Retail Distribution
• E-Commerce
• Sweetness Center & Spas

By Region

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