Exploring the Global Children’s Cosmetics Market: USD 1.80 Billion Forecast by 2030 with a CAGR of 6.69%
Mar 16, 2024
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Children’s cosmetics are makeup kits aimed at children and preteens and contain similar products marketed to adults. Brands are taking the first step in creating an impression on young consumers to stay relevant in their later years. The global children’s cosmetics market report by Market Research Future (MRFR) contains drivers and challenges for the industry during the period of 2020 to 2026 (forecast period). The COVID-19 pandemic and its impact has been described in detail.
The market for children's cosmetics is expected to grow at a compound annual growth rate (CAGR) of 6.69% from 2023 to 2030, or over USD 1.80 billion.
Competitive Outlook
Nestle S.A., BABISIL, Cotton Babies, Inc., Danone S.A., The Himalaya Drug Company, Farlin Infant Products Corporation, Mead Johnson Nutrition Company, Townley, Inc., L’ORÉAL S.A., Puttisu-USA, and Foshan Akia Cosmetics Co., Ltd. among others.
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Market Scope
The global children’s cosmetics market is estimated to register a CAGR of 6.79% to reach a staggering value of USD 1,795.15 million in value by 2026. The large value can be attributed to the large disposable income allocated for children by their parents. Awareness of cosmetics and their subsequent use by children can bode well for the market. Marketing campaigns by cosmetic manufacturers implying the use of natural ingredients, variety of colors, new package designs, and economical prices can attract consumers and bolster market demand.
Presence of social media sites and influencers on these sites advocating its safe use and consumption of digital content by children due to easy access to electronic devices can drive the market sales over the forecast period. Entry of startups into the marketspace are giving the market a level playing field and lowering prices as a result.
However, the presence of asbestos fibers in children’s cosmetics can restrain the market.
Segmentation
The global children’s cosmetics market is segmented by product type, category, and distribution channel.
By product type, the market has been segmented into beauty kits, lip products, face products, eye products, and others. The ‘others’ segment includes body glitter, hair chalks, nail polish, and makeup removers. Face products comprise blushes, foundations, and others. Eye products include mascaras, eyeshadows, and eyeliners. Lip products are further segmented into lip glosses, lipsticks, and lip balms. Among products, the beauty kits segment dominated the global children’s cosmetics market with a market share of approximately 50.08% in 2019. The dominance of the segment is due to the increasing demand for beauty kits.
By distribution channel, the global children’s cosmetics market is segmented into store-based and non-store-based. The store-based channel is further segmented into specialty stores, supermarkets & hypermarkets, and others. The store-based segment dominates the sales of children’s cosmetics worldwide. This is attributed to the availability of various retail outlets for acquiring children’s cosmetics. Establishment of supermarkets & hypermarkets and specialty stores has resulted in the dominance of store-based channels. The store-based channels segment is projected to remain dominant during the review period.
For further insights, explore the complete report details at @ https://www.marketresearchfuture.com/reports/children-s-cosmetics-market-8236
Regional Outlook
Geographically, the global children’s cosmetics market has been categorized as North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe had dominated the global market accounting for the largest share in 2019. Germany dominated the European market, followed by the UK and France. The large amount of pocket money given to preschoolers and tweens can influence the penetration of the children’s cosmetics market. This can be attributed to easy access to the Internet and online presence of children aged 10 and older.
North America held the second-largest share in the global market in 2019, wherein the US was the largest country-level market, which is projected to remain dominant during the forecast period.
Asia-Pacific is projected to register the highest CAGR of 7.15% during the forecast period. This can be attributed to the large consumer base in the region, especially in China and India. Marketing of products such as perfumes for generation Alpha are likely to culminate in high returns for the global children’s cosmetics market till 2026. Establishment of beauty salons for children as exemplified by Shiseido owing to purchase of beauty and skincare products and huge purchasing power can positively impact the market.
Key questions answered in the report:
- Which are the five top players of the Children’s Cosmetics market?
- How will the Children’s Cosmetics market change in the next five years?
- Which product and application will take a lion’s share of the Children’s Cosmetics market?
- What are the drivers and restraints of the Children’s Cosmetics market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Children’s Cosmetics market throughout the forecast period?
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