Waterless Cosmetics Market Set for Rapid Growth with 11.8% CAGR

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Waterless Cosmetics Market – (By Product Type (Skincare, Hair Care, Cosmetics, Others), By Consumer Orientation (Men, Women, Unisex), By Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Departmental Stores, Online Retail, Other Retail Formats), By Price Range (Economy (Below US$30), Mid-Range (US$30 to US$60), Premium (Above US$60))), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Waterless Cosmetics Market is valued at US$ 9.78 Bn in 2023, and it is expected to reach US$ 23.60 Bn by 2031, with a CAGR of 11.8% during the forecast period of 2024-2031.
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Waterless cosmetics represent a modern approach to beauty and personal care products that eliminate water as a primary ingredient. These formulations rely on oils, butters, waxes, and powders to deliver hydration, nourishment, and cosmetic benefits without the need for preservatives typically used to inhibit microbial growth in water-based products. By excluding water, these products often boast longer shelf lives and can be more concentrated with active ingredients, potentially enhancing their effectiveness. In today's society, those who prioritize aesthetics are actively seeking for alternative options that are more beneficial for their well-being, especially in the realm of beauty products. The waterless beauty trend is rapidly gaining popularity due to the high potency of skincare and cosmetics products. It is a significant factor that contributes to the growing demand for waterless makeup. The demand for waterless cosmetics is rapidly growing as consumers increasingly seek environmentally sustainable beauty products.