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The market is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 25%-30% of the total market. Different regions have varying preferences and needs for makeup brushes and tools, leading to a wide range of products catering to these diverse tastes. Both local brands and international companies compete in the market. Local brands may offer products tailored to regional preferences, while global brands bring innovative solutions and premium options. Many companies specialize in specific types of brushes or tools, such as professional-grade brushes, eco-friendly options, or specialized tools for different makeup applications. This specialization adds to market fragmentation.
Major players operating in the market are:
Prominent players including L'Or
The makeup brushes segment will achieve 6.3% CAGR through 2032, propelled by the increasing popularity of makeup application techniques that require specific brushes for precision.
Makeup brush & tools industry size was worth USD 6.62 billion in 2023 and will expand at a 6.2% CAGR between 2024 and 2032, owing to the growing beauty industry.
Asia Pacific makeup brush & tools industry will depict 6.5% CAGR through 2032 due to the region's expanding beauty industry, rising disposable incomes, and growing consumer awareness of personal grooming.