Asia Pacific Makeup Market to Demonstrate 7.1% CAGR By 2019

Geography-wise the research report segments the Asia Pacific makeup market into India, Japan, South Korea, Malaysia, Australia, New Zealand, China, Singapore, and Rest of the Asia Pacific. In 2013, Japan was the most lucrative market for makeup merchandise, owing to high demand for makeup among working women and high standard of living in this region. However, by the end of 2019, China is expected emerge as the largest market for makeup in Asia Pacific due to the changing lifestyle and increasing disposable income of the consumers in the nation. In addition, the demand for makeup products is anticipated to rise in South Korea and Malaysia because of the rising preference for luxury merchandise in these markets. Among all these countries, demand for makeup products in the New Zealand and Australia is projected to grow slowly at a CAGR below 4.5%. However in Japan, the makeup market is expected to grow at 2.2% CAGR through the forecast period. India is anticipated to showcase rapid growth, exhibiting 15.2% CAGR between 2013 and 2019.

 

Browse the full Asia Pacific Makeup Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/makeup-market.html

 

The Asia Pacific makeup market is highly fragmented in nature owing to the huge number of market players operating in this region. Some of the key players of this market include Revlon, Inc., Unilever Plc., Proctor & Gamble Company, L’Oreal S.A., Coty Inc., and Estee Lauder Inc. The mentioned players hold majority of the market share; however, several private label brands are anticipated to rise in countries such as China, Australia, and India.

 

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