The Europe Waterless Cosmetics Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
Waterless, water-free, or anhydrous beauty relates to skincare and cosmetics that are made without the use of water. Rather, butter, waxes, oils, and oil-soluble actives are used as ingredients. Beauty products lose the potency when exposed to water. Water-free products, on the other side, are condensed and often more powerful, and the formulae have proved fantastic for sensitive skin types. Waterless beauty products require minimal or no plastic packaging, which goes a far way toward creating a good influence on the environment without interfering with the consumer's daily life. Moreover, the majority of the comprehensive population is actively involved in the fashion as well as the media and broadcasting industry and hence, the existence of such a population is also responsible to enhance the popularity of waterless cosmetics products.
The population of Europe is actively involved in fashion and other relevant industries which required the regular usage of cosmetics products, and specifically such products. Moreover, people in Europe support the movements like “Save Water”, and such waterless cosmetics are justifying the motive of such movements. The rise of the region's cosmetic business will increase demand for waterless cosmetics in the region. In addition, the significant influence of the fashion industry and the growing pace of urbanization will increase the demand for diverse cosmetic items. Customers throughout the area are recommending natural and organic skincare products, which would provide profitable prospects for leading market players over the forecast period.
The Germany market dominated the Europe Waterless Cosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,113.3 Million by 2028. The UK market is experiencing a CAGR of 8.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.7% during (2022 - 2028).
Based on Product Type, the market is segmented into Skincare, Haircare, Makeup, and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Waterless Cosmetics Market will Hit $16.4 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Taiki USA, True Botanicals, Carter + Jane, L'Oreal Group, The Procter and Gamble Company, Kao Corporation, Vapour Beauty, Allies Group Pte. Ltd., and Unilever PLC.
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