Makeup Brush Market share Worldwide
A makeup brush is a tool with bristles, used for the application of make up or face painting. The bristles could be made out of natural or synthetic materials, while the handle is usually made out of plastic or wood. When cosmetics are applied using the appropriate brush they blend better into the skin.
According to makeup brush market reports, China is the largest producer at present due to the abundant raw materials, low labor cost. It takes a market share of around 45% in 2017. But the brushes made in China has a lower price level, which made China’s revenue share in global declined to 37.4%.
Global giant manufactures mainly distributes in U.S. and E.U. The key consumption markets locate at developed countries. The Europe takes a market share of 25.6%, followed by North America with 20%. The developed countries have a high makeup penetration rate. Like China, it got a consumption market share of 31.1% due to the large population.
The worldwide market for Makeup Brushes is expected to grow at a CAGR of roughly 8.5% over the next five years, and will reach 2170 million US dollars in 2024, from 1330 million US dollars in 2019, according to a new research study.
Companies operating in the global Makeup Brushes market are focusing on merger and acquisitions and new product launches to gain competitive advantage.
Top Manufacturers are: L’Oreal, Shiseido, Estee Lauder, LVMH, E.l.f., Paris Presents, Sigma Beauty, Avon, Amore Pacific, Chanel, Watsons, Zoeva, Chikuhodo, Hakuhodo.
Post time: May-23-2019