The global bronzers market size was USD 15.50 Billion in 2021 and is expected to register a revenue CAGR of 9.7% over the forecast period, according to a latest report by Reports and Data. Revenue growth of the market is expected to be driven by technological innovation in the cosmetic industry and rising consciousness about skincare and personal grooming.
Increase in the number of environmentally concerned population is driving demand for organic and vegan bronzers. With the introduction of bronzers for every skin tone, cosmetic producers have become more diverse. High disposable income and desire to spend money on personal care and grooming are driving revenue growth of the bronzers market. Influencers and beauty brands are working together and forming collaborations that are successfully changing people's perceptions, especially among millennials and members of generation Z. Impact of social media and growing influencers in social media is further driving revenue growth of the bronzers market.
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Market Dynamics:
The global Bronzers market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.
Competitive Landscape:
The research report offers details about leading companies in the global Bronzers market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
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The report also sheds light on the market segmentation based on type, application and region:
Bronzers Market Segmentation based on Types:
- Matte base
- Shimmer base
- Sheer base
- Others
Bronzers Market Segmentation based on Product Type:
- Powder
- Cream
- Stick
- Others
Bronzers Market Segmentation based on Distribution Channel:
- Offline Stores
- Online Stores
Bronzers Market Segmentation based on Regions:
North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Benelux
o Rest of Europe
- Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
- Latin America
o Brazil
o Rest of Latin America
- Middle East Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of Middle East Africa
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