Market Overview:

According to Fortune Business Insights Global Waterless Cosmetics Market size was valued at USD 11.23 billion in 2023. The market is expected to expand from USD 11.78 billion in 2024 to USD 19.81 billion by 2032, exhibiting a CAGR of 6.71% over the study period.

Waterless cosmetics use waxes, butter, oils, and other oil-soluble ingredients, which lead to more concentrated formulations, decreasing the requirement for preservatives. The advancements in formulation technology have led to the creation of effective products that cater to consumer expectations for performance and quality. These innovations aid brands in developing high-performance products, boosting market expansion.

The waterless cosmetics market witnessed massive lockdowns and restrictions amid the COVID-19 pandemic, which resulted in disruptions in transportation and a halt in the raw materials supply. This factor impacted production units, which made it difficult for cosmetic brands to cater to consumer demand for waterless products.

List of Key Players Mentioned in the Report:

• L’Oréal S.A. (France)
• The Procter & Gamble Company (U.S.)
• Kao Corporation (Japan)
• Henkel AG & Co. KGaA (Germany)
• The Estée Lauder Companies Inc.(U.S.)
• Amway (U.S.)
• Biotique (India)
• Revlon Inc. (U.S.)
• Coty Inc. (U.S.)
• Shiseido Company, Ltd. (Japan)
• Ruby's Organics (India)
• Clensta (India)
• Olaplex (U.S.)