Waterless Cosmetics Market Size is valued at USD 9.78 Bn in 2023 and is predicted to reach USD 23.60 Bn by the year 2031 at a 11.8% CAGR during the forecast period for 2024-2031.
Waterless cosmetics are products formulated without water. They use oils, butter, and powders to provide hydration, nourishment, and cosmetic benefits. By omitting water, these products often have longer shelf lives and can be more concentrated with active ingredients. Examples include oil-based serums, solid balms, powder foundations, and solid shampoos. Waterless cosmetics are eco-friendly, reduce packaging waste, and are convenient for travel.
The waterless beauty trend is rapidly increasing because of the potency of skincare and cosmetics products. It is one of the key factors for the growing availability of waterless cosmetics. The Waterless Cosmetics Market is experiencing rapid growth driven by the increasing demand for eco-friendly beauty products. Waterless cosmetics, which do not contain water as an ingredient, offer benefits such as longer shelf life, concentrated formulas, and reduced environmental impact. Consumers are increasingly seeking alternatives that minimize water usage and pollution.
However, the COVID-19 pandemic had a mixed impact on the Waterless Cosmetics Market. While it disrupted supply chains and production, it also increased consumer demand for eco-friendly and sustainable products. The pandemic boosted online sales, as physical stores were forced to close. However, the overall long-term outlook for the market remains positive.
Competitive Landscape
Some Major Key Players In The Waterless Cosmetics Market:
- Unilever Plc
- The Waterless Beauty Company
- L'Oreal SA
- Kao Corporation
- The Procter & Gamble Company
- Loli
- Clensta
- Ruby's Organics
- Carter + Jane
- Taiki USA
- Ktein
- Niconi
- True Botanicals
- Allies Group Pte. Ltd.
- Lavedo Cosmetics
- No Cosmetics
- May Coop
- Azafran Innovacion
- Vantage Personal Care
- WYOS Personal Care
- Avon Products Incorporation,
- Johnson & Johnson,
- Amway,
- Henkel AG & Co. KGAA
- Other Market Players
Market Segmentation:
The Waterless Cosmetics Market is segmented by product type, consumer orientation, price range and sales channel. By product type, the market is divided into skincare, hair care, cosmetics, and others. On the basis of consumer orientation, the market is divided into men, women, and unisex. On the basis of sales channels, the market is divided into wholesalers/distributors, specialty stores, departmental stores, hypermarkets/supermarkets, online retail, and other retail formats. As per the price range, the market is categorized into Economy (Below US$30), Mid-Range (US$30 to US$60) and Premium (Above US$60).
Based On Product, The Skincare Segment Accounts For A Major Contributor To The Waterless Cosmetics Market.
Within the skincare category, players offer waterless products like creams, serums, lotions, cleansers, etc. Moreover, the demand for skin care products is comparatively higher than that of cosmetics and hair care. This is a significant reason that the skincare category has held a good value share in the market.
The Women Segment Witnessed Growth Rapidly.
In terms of consumer orientation, women are expected to hold a significant share. Women are more beauty-conscious than men and value beauty products. Furthermore, their purchase frequency and spending on beauty products are also comparatively higher. These factors have resulted in the women's category holding a good share of the waterless cosmetics market.
In The Region, The North America Waterless Cosmetics Market Holds A Significant Revenue Share.
The North America Waterless Cosmetics Market dominates the market in the forecast period, attributed to Beauty bloggers, experts, and influencers playing a key role in shaping consumers' beauty regimens and product preferences. Beauty influencers and bloggers have gained popularity, and their ability to connect with their followers has propelled the market. The rising demand for organic and chemical-free skincare and cosmetics will aid the country's overall expansion. Waterless cosmetics are without harmful preservatives, resulting in less skin irritation. It is one of the significant factors behind the growing preference for waterless cosmetics in the region. Asia-Pacific is expected to grow at a significant rate in the global Waterless Cosmetics Market due to rapid industrialization, government initiatives, and increasing funding in various industries.
Recent Developments:
- In March 2023, Vantage Personal Care introduced JEESPERSE® NoLo Self-Emulsifying Bases specifically designed for waterless hair care applications. JEESPERSE NoLo is an upcoming collection of self-emulsifying bases designed for hair care purposes. It is set to be introduced at the in-cosmetics Global event in 2023. The JEESPERSE NoLo series consists of two powder products, namely JEESPERSE NoLo N1 and JEESPERSE NoLo C2. These products are designed to require minimal or no mixing energy during the emulsion process, thanks to their inherent self-emulsification qualities.
- In Jan 2023, WYOS Personal Care introduced a waterless stick style for shampoo and skincare products. The WYOS product selection consisted of five vegan and cruelty-free items. These products were designed with an active component complex and had a refreshing aroma that was optimum for all types of skin and hair.
Waterless Cosmetics Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 9.78 Bn |
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Revenue Forecast In 2031 |
USD 23.60 Bn |
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Growth Rate CAGR |
CAGR of 11.8% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, Consumer Orientation, Price Range And Sales Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Unilever Plc, Kao Corporation, The Procter & Gamble Company, Clensta, Ruby’s Organics, Taiki USA, Ktein, True Botanicals, Lavedo Cosmetics, No Cosmetics, May Coop, Azafran Innovacion, Carter + Jane, Niconi, Allies Group Pte. Ltd.L'Oreal SA., Vantage Personal Care, WYOS Personal Care, Avon Products Incorporation, Johnson & Johnson, Amway, HENKEL AG & CO. KGAA and Other Market Players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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