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Waterless Cosmetics Market
The GMI Research analysis anticipated that the Waterless Cosmetics Market will experience a significant growth over the forecast period. The increasing inclination of consumers towards organic products to impede any side effects will bolster the Waterless Cosmetics Market growth.
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Waterless Cosmetics Market Dynamics
Several leading producers such as Kao and LOLI beauty PBS are emphasising on the development of waterless cosmetic products. This is a key factor supplementing the growth of the global waterless cosmetics market. For example, they proffer products such as environment friendly moisturiser, tea seed elixir , and creamy shampoo bar to attain customer’s confidence. This will play a crucial role in promoting the Waterless Cosmetics Market share. In addition, in accordance with the U.S. Bureau of Labor Statistics, working women population expanded to 57.4% in the US in 2019 in contrast to 57.1% in 2018 will drive the need for these waterless products to improve their beauty without any harmful effects. However, the inflated prices of waterless cosmetic product because they have either active or natural ingredients or maximal of it which may restrain the Waterless Cosmetics Market size.
Gender Segment Drivers
Based on the gender, the female segment is projected to witness a faster growth over the forecast period. This is because of their huge love for makeup, the trend of new beauty products, and preferable appearance in the outside world among their associate counterparts. However, as per the Waterless Cosmetics Market report the men segment is not projected to show any significant growth as they hardly use these products except for show/theatre/film work. The male actors hire specialised makeup artist to do their customized makeup to look good on the screen or stage.
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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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Published on January 22, 2022
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