According to the latest report by Reports and Data, the global market for bronzers was valued at USD 15.50 Billion in 2021 and is projected to witness a revenue CAGR of 9.7% during the forecast period. The market's revenue growth is expected to be propelled by advancements in technology within the cosmetics industry and an increasing awareness of skincare and personal grooming.
The rising number of environmentally conscious individuals is driving the demand for organic and vegan bronzers. Cosmetic manufacturers have become more diverse by introducing bronzers for every skin tone. The desire to invest in personal care and grooming, coupled with high disposable incomes, is also fueling revenue growth in the bronzers market. Collaborations between influencers and beauty brands are transforming people's perceptions, particularly among millennials and generation Z. Additionally, the impact of social media and the growing influence of social media personalities are further driving revenue growth in the bronzers market.
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Top Profiled Companies in the Global Bronzers Market Report:
Make-Up Art Cosmetics (MAC Cosmetics), Bobbi Brown Professional Cosmetics, Inc., Sephora USA, Inc., Tom Ford, Christian Dior SE, Huda Beauty, Maybelline New York, Estée Lauder Inc., L’Oréal S.A., and Nars Cosmetics.
Some Key Highlights From the Report
- The matte segment is expected to register a significant revenue growth rate over the forecast period. The most adaptable bronzers are matte products so that they can be used as a regular bronzer to warm up the complexion or to contour the face. For acne, huge pores, fine lines, and wrinkles, matte bronzers are an ideal choice. The main goal is to create a warm appearance without making it sparkly or glittery, therefore matte bronzers are a great alternative to use frequently by giving the face some depth and definition.
- The cream segment is expected to register a significant revenue growth rate over the forecast period. It is very flexible and has an easy application. It also gives off a dewy effect. Cream bronzers can be used to sculpt and shape the face, bring warmth to the chest, neck, and shoulders, or even function as a neutral-toned eye shadow to create gorgeous and subtle depth. Cream section bronzers' broad application range makes them attractive to the general public.
- The offline stores segment is expected to register fast revenue CAGR over the forecast period. It is simpler for customers to choose the right shade for their skin tone when they can physically inspect products in offline locations using testers. Furthermore, a big consumer base is attracted by substantial discounts and gift cards that supermarkets and hypermarkets provide. Additionally, clients receive professional guidance from store managers, which facilitates and streamlines purchasing process.
- The market in North America is expected to account for largest revenue share in the global bronzers market over the forecast period. Skincare is swiftly gaining popularity among customers, several cosmetic product brands are flourishing, and e-commerce platforms have expanded greatly in the region. Customers and cosmetic companies are now more closely connected owing to the growing trend of sharing beauty-related information on social media platforms, such as makeup and skincare tutorials, hauls of cosmetics, and product recommendations on YouTube, Instagram, and other platforms. Growing emphasis on sustainability, eco-friendly cosmetic product packaging, presence of significant market participants, increased investments in creation of new and vegan personal care products, and celebrity product line debuts are driving revenue growth of the market.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Matte base
- Shimmer base
- Sheer base
- Others
Product Type (Revenue, USD Billion; 2019-2030)
- Powder
- Cream
- Stick
- Others
Distribution Channel (Revenue, USD Billion; 2019-2030)
- Offline Stores
- Online Stores
Key Takeaways of the Global Bronzers Market Report:
- A comprehensive overview of the global Bronzers industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Bronzers market.
- Elaborate study of the leading regional markets in the global Bronzers market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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