Color Cosmetics Market Regional Analysis:
APAC Market Insights
Asia Pacific region is anticipated to hold over 39.8% market share by 2035, driven by rising disposable incomes and beauty industry expansion. Higher disposable income results in people having more money to spend on themselves and beauty products such as color cosmetics. For instance, it was calculated that the disposable per capita income of Singapore a country within the ASEAN region was roughly around 30 thousand dollars in 2021. The increased demand for skin care, and nail care products from countries such as China, India, and Japan is estimated to augment the market growth in the region. The rapid technological advancements in the beauty sector and rising investments to develop high-quality cosmetic products are also projected to create a positive outlook for the market. Other factors that are responsible for the market growth in the region are the rapid expansion of the beauty and care industry, the presence of major key players, and changing consumer lifestyles
