What is the market size of makeup | Key Players & Strategic Developments 2025

Code: MTA10793 Publication Date: Nov 2025

What is the size of Makeup Market?

According to 6Wresearch internal database and industry insights, the Global Makeup Market was valued at USD 50.1 Billion in 2024 and is expected to reach USD 69.4 Billion by 2031, growing at a compound annual growth rate of 6% during the forecast period (2025-2031).

There are numbers of factors which are contributing in the expansion of the market include increasing consumer awareness about personal grooming, rising disposable incomes, growing adoption of premium and organic cosmetic products, expansion of online retail channels, and advancements in product formulations and packaging.

Key Growth Drivers of the Makeup Market

  • Rising consumer preference for personal grooming and cosmetic products
  • Increasing adoption of organic, vegan, and natural makeup products
  • Growth in online retailing and direct-to-consumer sales channels
  • Improvements in the colors, textures, and formulas of products
  • More beauty salons and makeup artists are opening up.
  • Influencer marketing and social media advertising are getting people to interact with brands.

Makeup Market Trends

Makeup Market is witnessing notable growth with trends such as rising popularity of clean, vegan, and cruelty-free cosmetics. Increasing use of multifunctional products like tinted moisturizers and BB creams is observed. Personalized and customized makeup solutions are gaining traction. Growth of online beauty tutorials and influencer-driven marketing is influencing purchase decisions. Rapid expansion of e-commerce and subscription-based beauty boxes is emerging. Adoption of sustainable packaging and eco-friendly products is increasing. Increasing interest in male grooming and inclusive makeup products is observed. Furthermore, technological advancements in long-lasting and waterproof formulations are boosting market expansion.

Emerging Developments in the Makeup Market

Makeup Market is evolving with innovations in product formulations, AI-driven virtual try-on tools, and personalized beauty solutions. Market has noticed increasing R&D in organic, hypoallergenic, and multifunctional makeup products. Furthermore, there are more partnerships between cosmetic brands and famous people or influencers. E-commerce sites and subscription services are still growing. The process of making packaging that is good for the environment, can be recycled, and lasts a long time is speeding up. More people are using augmented reality (AR) tools to try out products online. The market is growing as there is a growing interest in makeup lines that are inclusive and work for all skin tones. The growth of the market is being helped by smart beauty devices and AI-based recommendation systems.

List of Leading Companies in the Makeup Market

Some of the leading companies include:

  • L’Oréal S.A.
  • Estee Lauder Companies Inc.
  • Procter & Gamble Co.
  • Shiseido Company, Limited
  • Coty Inc.
  • Revlon, Inc.
  • Amorepacific Corporation

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