Global Makeup Sponges Market Size, Share, and Trends Analysis Report, By Type (Disposable Makeup Sponge, and Non-Disposable Makeup Sponge), By Application (Household, Beauty Salon, Cosmetic Stores, and Others), Forecast Period (2022-2028)

The global makeup sponges market is anticipated to grow at a CAGR of 6.4% during the forecast period (2022-2028). The makeup sponge is a type of foam that is used in makeup for applying or removing cosmetic products including foundation, powder, liners, and others. The major factor attributing to the growth of the global makeup sponges market include the increasing use of makeup sponges for makeup due to increasing awareness in people toward personal care & grooming. According to the survey statistics published by Unilever in 2021, around 74% of the total 10,000 respondents from several countries prefer the beauty & personal care industry for making people feel better. The respondents were taken from various countries including the US, India, and China. Thus, increasing the demand for makeup sponges.

The use of makeup sponges is also increasing in beauty salons for efficient application of cosmetics due to the increasing number of beauty salons across the globe. According to the report published by the Small Business Development Centers (SBDC) in May 2020, there are around 77,000 beauty salons and 4,500 barber shops with combined revenue of around $46.5 billion in 2019. Furthermore, the use of makeup sponges is also increasing due to increased spending by people due to increasing adjusted net national income per capita resulting in increased purchasing power across the globe. According to the World Bank Data statistics, the adjusted net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Thus, contributing to the growth of the global makeup sponges market.

Some major players in the market include L’Oreal SA, Coty Inc., Estee Lauder Co. Inc., Avon Co., and FXI Holdings Inc., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2019, FXI Holdings Inc. and Innocor Inc. signed an agreement to accelerate research & development in the foam industry. Under this agreement, both the companies will develop new products to use in various industries including furniture, medical, transportation, filtration, cosmetics, and others.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- L’Oreal SA, Coty Inc., Estee Lauder Co. Inc., Avon Co., FXI Holdings Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Makeup Sponges Market Report by Segment

By Type

• Disposable Makeup Sponge
• Non-Disposable Makeup Sponge

By Application

• Household
• Beauty Salon
• Cosmetic Stores
• Others

Global Makeup Sponges Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa