In 2023, the ongoing inflation crisis is expected to have an impact on the demand for colour cosmetics. While prices have already increased significantly in 2022, they are expected to rise even further in 2023 as colour cosmetic manufacturers and retailers are unlikely to absorb the high costs of raw materials.
Over the forecast period, lip products is expected to remain the most dynamic category in colour cosmetics. This is because it aligns with both the natural trend, which has somewhat negatively affected facial make-up in 2022, and consumer price sensitivity.
During the COVID-19 crisis, the beauty specialist channel leveraged the opportunity to expand their retail e-commerce presence. Although they experienced a recovery in foot traffic in 2022 due to inflation, there was not a proportional increase in sales.
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Understand the latest market trends and future growth opportunities for the Colour Cosmetics industry in Belgium with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Colour Cosmetics industry in Belgium, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of facial make-up, eye make-up, lip products, nail products and colour cosmetics sets/kits.See All of Our Definitions
This report originates from Passport, our Colour Cosmetics research and analysis database.
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