Global Makeup Brushes and Tools Market Size Set to Reach USD 2.4 Billion by 2030

Published | 12 August 2024

Global Makeup Brushes and Tools Market is flourishing because of rising consumer spending on beauty products and growing awareness about makeup application techniques.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Makeup Brushes and Tools Market size at USD 1.60 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Makeup Brushes and Tools Market size to expand at a CAGR of 6.10% reaching a value of USD 2.40 billion by 2030. The growing emphasis on personal grooming and appearance among men and women, the increasing influence of social media, and the emergence of an influencer culture are key growth drivers for Global Makeup Brushes and Tools Market. The introduction of electronic application devices and improvements in makeup tools are also expected to propel the growing Global Makeup Brushes and Tools Market over the forecast period.

Opportunity - Rising popularity of online makeup stores

The deepening internet penetration, increasing smartphone ownership, and launch of products on popular e-commerce platforms, such as Amazon and Sephora, are anticipated to drive Global Makeup Brushes and Tools Market during the period in analysis. Online channels offer convenience to their customers in the form of access to a wide range of products from different brands, heavy discounts, and doorstep delivery. Furthermore, makeup brands are leveraging the growing popularity of beauty influencers to promote their products through short-form content and affiliated marketing, which is projected to present lucrative growth opportunities to online stores for makeup brushes and tools, driving overall market growth.

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Impact of Escalating Geopolitical Tensions on Global Makeup Brushes and Tools Market

The escalating geopolitical tensions negatively impacts the growth of Global Makeup Brushes and Tools Market. In the highly globalized beauty brush and tool business, enterprises rely on other nations for the procurement of raw materials and manufacture. However, supply chain issues and strict government rules cause trade to be disrupted when tensions exist between two or more nations. Conflicts like the invasion of Russia and Ukraine immediately cause a lack of vital resources like gas and oil, which harms production and raises operating costs. Consequently, intensifying geopolitical could affect the growth of Global Makeup Brushes and Tools Market.

Synthetic Material Type to Grow at Faster CAGR During 2024–2030

Synthetic makeup brushes are made from synthetic materials, such as polyester and nylon. The increasing consumer consciousness towards animal cruelty has resulted in the rising demand for synthetic makeup brushes. Synthetic material brushes are also inexpensive compared to their natural counterpart. During the forecast period between 2024 and 2030, these factors are expected to drive synthetic material type segment to grow at a faster CAGR in Global Makeup Brushes and Tools Market. On the other hand, the natural material segment holds a larger market share in the market.

Regional Analysis

The in-depth research report on Global Makeup Brushes and Tools Market covers a number of country-specific markets across five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. Asia Pacific is projected to register a high growth rate during the forecast period. The rising population and increasing disposable income acts as a major driving factor for the rising demand for makeup brushes and tools in the Asia Pacific region. In addition, strict beauty standards, such as pale skin in east Asian countries, and societal pressure to adhere to those standards boost the use of makeup, which further drives the growth of makeup brushes and tools market.

Competitive Landscape

Global Makeup Brushes and Tools market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include The Estee Lauder Companies, Inc., L’Oréal S.A., LVMH, Shiseido Company, Coty, Inc., Procter & Gamble, Unilever, Avon Products, Inc., Burberry Group, Henkel AG & Company, Edgewell Personal Care, Godrej Consumer Products Limited, and MAC Cosmetics.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in Global Makeup Brushes and Tools Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Makeup Brushes and Tools Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Makeup Brushes and Tools Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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