Copyright Acumen research and consulting. All rights reserved.

Waterless Cosmetics Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

  • Category : Consumer Goods and Food and Beverages
  • Pages : 250 Pages
  • Format: PDF
  • Status : Published

Select Access Type

  • Single User License : USD 4500
  • Multi User License : USD 7000
  • Corporate User License : USD 6950

The Global Waterless Cosmetics Market Size accounted for USD 10.31 Billion in 2023 and is estimated to achieve a market size of USD 25.45 Billion by 2032 growing at a CAGR of 10.7% from 2024 to 2032.

Waterless Cosmetics Market Highlights

  • The global waterless cosmetics market is projected to reach USD 25.45 billion by 2032, with a CAGR of 10.7% from 2024 to 2032
  • A survey by PharmaTutor Organization reveals that 57% of respondents would repurchase a waterless product, over 90% want more innovation, and 85% believe the waterless industry will become more prevalent in beauty
  • The Asia-Pacific waterless cosmetics market was valued at approximately USD 4.02 billion in 2023
  • The North American waterless cosmetics market is expected to record a CAGR of over 12% from 2024 to 2032
  • The skincare sub-segment accounted for 33% of the market share in 2023
  • The women sub-segment held a 76% market share in 2023 based on consumer orientation
  • The synthetic nature type represented 74% of the market share in 2023
  • Supermarkets and hypermarkets generated 40% of the market share among sales channels in 2023
  • Expansion of product offerings in the makeup segment with waterless formulations is the waterless cosmetics market trend that fuels the industry demand

Waterless cosmetics are beauty products made without the use of water and based on concentrated active substances, oils, and butters. These goods provide a more environmentally friendly option by minimizing water use and packaging waste, which appeals to environmentally conscious customers. Waterless cosmetics are frequently more concentrated, requiring fewer applications for efficient use, resulting in longer-lasting products. The growing need for sustainable, clean beauty solutions has spurred the emergence of waterless cosmetics, which have become a major trend in the beauty market.

According to the PharmaTutor Organization, waterless, water-free, or low-water cosmetics are a new formulation trend. The waterless beauty concept originated in South Korea. The goal was to increase the potency of skincare in order to make it more effective on the skin. Waterless cosmetic products have become popular in the general market and among many consumers.

Global Waterless Cosmetics Market Dynamics

Market Drivers

  • Rising consumer demand for sustainable and eco-friendly beauty products
  • Increasing awareness of water conservation and environmental impact
  • Convenience of concentrated, portable, and long-lasting formulations

Market Restraints

  • Higher production costs compared to traditional cosmetics
  • Limited consumer awareness in certain regions
  • Potential challenges in product formulation and stability without water

Market Opportunities

  • Expanding product offerings in skincare, hair care, and makeup
  • Growing popularity of clean and organic beauty trends
  • Rising e-commerce and direct-to-consumer sales channels

Waterless Cosmetics Market Report Coverage

Market Waterless Cosmetics Market
Waterless Cosmetics Market Size 2022

USD 10.31 Billion

Waterless Cosmetics Market Forecast 2032 USD 25.45 Billion
Waterless Cosmetics Market CAGR During 2023 - 2032 10.7%
Waterless Cosmetics Market Analysis Period 2020 - 2032
Waterless Cosmetics Market Base Year
2022
Waterless Cosmetics Market Forecast Data 2024 - 2032
Segments Covered By Product Type, By Consumer Orientation, By Nature, By Sales Channel, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Revlon Inc., Amway, B Blunt, The Procter & Gamble Company, Bath & Body Works, Biotique, Shiseido Company, Ltd., The Estée Lauder Companies Inc., L’Oréal S.A., Olaplex, Clensta, Avon Products, Inc., Kao Corporation, Ruby's Organics, and Coty Inc.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Waterless Cosmetics Market Insights

The growing consumer demand for sustainable and eco-friendly beauty products is a major driver of the waterless skincare products market. According to the CAS Organization, the quest for sustainable practices and natural cosmetic components is more essential than ever, driven by a growing awareness of the environmental, social, and economic consequences of product life cycles. Furthermore, Earth5R states that the survey demonstrates a high level of awareness and adoption of sustainable personal care products among young adults in India, driven mostly by perceived health benefits and a beneficial environmental impact. As a result, waterless formulations support these principles by decreasing water consumption, reducing waste, and providing concentrated, high-performance goods.

Additionally, increased awareness of water conservation and environmental effect will boost waterless skincare products market growth in the predicted year. The cosmetics industry is witnessing significant strides toward sustainability, catalyzed by global leaders such as BASF, Dow, and L'Oréal. L’Oréal’s ambitious plan “L’Oréal For The Future” includes environmental goals, setting out to cut greenhouse gas emissions per product in half by 2030, support for biodiversity, and the circular economy.

Likewise, Garnier’s Green Beauty Initiative has clear goals on sustainable sourcing, water conversation and waste elimination, the use of 100% renewable energy and zero plastic in the environment by 2025. These measures are examples of the development of the industry’s sustainable initiatives and the importance of market leaders in ecological sustainability.

Higher production costs than traditional cosmetics restrict the expansion of the waterless skincare products market, as specialist formulas and premium materials raise costs. This frequently leads in increased retail pricing, limiting affordability for price-sensitive customers and impeding wider adoption.

Increased product choices in skincare, hair care, and makeup creates a huge opportunity for the waterless cosmetics industry because it caters to a wide range of consumer demands and preferences. For example, in March 2024, Mono Skincare, a popular skincare firm, reinvented beauty with the introduction of the world's first waterless extemporaneous dermo-cosmetics, highlighting a completely water-free skincare routine for everyday use. Innovative formulations in these categories can reach a larger audience, increasing market penetration and growth.

Waterless Cosmetics Market Segmentation

The worldwide market for waterless cosmetics is split based on product type, consumer orientation, nature, sales channel, and geography.

Waterless Cosmetic Market By Product Type

  • Skincare
  • Hair Care
  • Makeup
  • Others

According to the waterless cosmetics industry analysis, the skincare product category dominates sector due to the high need for innovative, environmentally friendly solutions in daily beauty regimens. The skincare category benefits from ongoing innovation and development of skincare products, which enhances its position in the waterless cosmetics business. For instance, in September 2024, Cryosmetics launched 100% natural, waterless skincare products, concentrating on self-preserving components and microbiota health. Furthermore, waterless moisturizers, serums, and cleansers are in high demand due to their concentrated compositions and long-term performance.

Waterless Cosmetic Market By Consumer Orientation

  • Men
  • Women
  • Unisex

According to the waterless cosmetics industry analysis, the women segment dominates industry, driven by a higher consumption of beauty and personal care products among female consumers. According to the Environmental Working Group, women use more personal care products than males, which expose them to more unique substances on a daily basis. Women had more unique ingredient exposure than men, with 114 and 105, respectively. The industry's product offerings, including makeup, skincare, and hair care, are tailored significantly to meet women’s preferences and needs. Additionally, women’s growing awareness of environmental issues and desire for eco-friendly products further amplify their influence in shaping the market's direction.

Waterless Cosmetic Market By Nature

  • Synthetic
  • Organic

According to the waterless cosmetics market forecast, the synthetic segment leads industry due to its ability to provide stable, effective formulations without the reliance on water. Synthetic ingredients often offer better shelf-life, consistency, and performance, making them a preferred choice for manufacturers. These ingredients allow for innovative product development, such as high-performance makeup and long-lasting skincare solutions. Additionally, synthetic formulations are typically more versatile, enabling brands to create diverse products that cater to a wide range of consumer needs and preferences.

Waterless Cosmetic Market By Sales Channel

  • E-commerce
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Others

According to the waterless cosmetics industry forecast, supermarkets and hypermarkets dominate sector due to their widespread availability and ability to offer a diverse selection of products under one roof. These stores offer clients the ease of personally inspecting things before purchasing, enhancing consumer confidence. Supermarkets and hypermarkets successfully attract a diverse client base through high foot traffic and strategic product placement. Furthermore, their frequent promotional efforts and discounts make waterless cosmetics more affordable, generating more sales through this channel.

Waterless Cosmetics Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

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

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Waterless Cosmetics Market Regional Analysis

For several reasons, the waterless skincare products market in Asia-Pacific is dominates in 2023. Rising environmental awareness and the influence of K-beauty trends in nations such as South Korea and Japan are fueling demand. For example, in August 2023, Vegreen, a Korean cosmetic brand, introduced its first Vitamin C ampoule, which employs an oil-based ethyl ascorbyl formulation instead of water, increasing effectiveness and absorption while solving typical concerns with traditional Vitamin C products, such as oxidation. The growing preference for sustainable beauty solutions, combined with an expanding e-commerce sector, accelerates market expansion in Asia-Pacific.

North America expected to grow rapidly in waterless skincare products market, owing to high consumer awareness of sustainability and eco-friendly beauty trends. The National Institute of Health (NIH) states that when it comes to standardized treatments in the United States, people prefer and employ dietary or folk remedies, as well as herbal remedies. In this field of health care, oral and topical herbal supplements are the most commonly used options. It has become one of the treatments. Consumers in the region are increasingly prioritizing clean beauty products, which reflect the attraction of waterless cosmetics. Furthermore, the developed retail and e-commerce infrastructure enables widespread product availability and distribution throughout the region.

Waterless Cosmetics Market Players

Some of the top waterless cosmetics companies offered in our report include Revlon Inc., Amway, B Blunt, The Procter & Gamble Company, Bath & Body Works, Biotique, Shiseido Company, Ltd., The Estée Lauder Companies Inc., L’Oréal S.A., Olaplex, Clensta, Avon Products, Inc., Kao Corporation, Ruby's Organics, and Coty Inc.