Trends in color cosmetic formulations since the past five years
Sep 2023Innova Market Insights’ data suggests cosmetic products have been expanding with an average annual growth of 3% from April 2018 to March 2023. Lipstick had the highest share of launches and Face Concealers showed a high growth of 20% within the same period. The data also shows high growth in cosmetic color formulations, significantly in those targeting men, at 174%. Free-from claims peaked with accelerated launches without GMOs, ammonia and palm oil. Synthetic beeswax is the fastest-growing ingredient.
Chantecaille Wild Meadows Lip Chic: Carpathia (UK)
- This lipstick is infused with hyaluronic acid, which helps to hydrate the lips.
- Free from gluten, phthalate, sulfate, mineral oil, petrolatum, palm oil and GMO.
- Vegan.
- Cruelty-free. Leaping Bunny certified.
Innova Market Insights data indicates that Fine Fragrance and Essential Oil launches show fast growth, with an average annual increase globally of 16% from April 2018 to March 2023. Fragrances for women lead the launches, and the essential oil subcategory shows the fastest growth in the five years. There is also an innovation opportunity for biodegradable ingredient use with +174% growth globally in the same period. The plant-based claim use is also on trend.
Natural pigment uses in spotlight
Aug 2023Natural pigments in personal care and cosmetics are derived from botanical sources such as fruits, flowers, herbs, minerals and clays. These pigments can be used both in personal care and makeup.
The personal care industry is experiencing a surge of interest in botanical extracts, with a remarkable annual growth rate of +5% (Global, CAGR 2018-2022). The primary category for these extracts is Facial/Neck moisturizers, making up 18% of all launches. Prebiotics are also gaining traction in these products, with an impressive annual growth rate of 68%. Aloe vera is a popular botanical ingredient, while horehound extract is the fastest-growing, with a remarkable growth rate of +53% from 2018 to 2022.
Biodegradable solutions in personal care are a path to sustainability. From biodegradable packaging materials, such as wipes, to plant-based ingredients, these solutions aim to reduce the ecological impact of personal care products. Moreso, personal care launches with biodegradable claims are surging with a 41% average annual growth from 2018 to 2022.
A wave of microbiome enhancers
Jul 2023There is a surge of growth in personal care launches with microbiome-friendly claims mentioned on personal care product packaging. From 2018 to 2022, these products had 98% average annual compound growth. Most of these launches were in the skin care category.
Eye Care
Jun 2023There was a +7% annual compound growth in eye care product launches from the year 2018 to 2022. Eye treatments were the most launched subcategory in 2022, but eye cleansers show potential for innovation. Two out of three eye care products in 2022 had an anti-aging claim. Prebiotic claims were expanding the fastest, with +90% growth from 2018 to 2022. L’Oréal was the top company for eye care launches in the five-year span.