Product Code: GVR-4-68040-156-9
Setting Spray Market Growth & Trends:
The global setting spray market size is expected to reach USD 1.73 billion by 2030, registering a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Many individuals, whether they are makeup enthusiasts or beginners, are looking for products to improve the longevity and finish of their makeup. Setting sprays provide an easy solution to achieve a professional, long-lasting look without advanced makeup skills.
The market's value sales have been driven by convenient accessibility of these cosmetics products through a range of sales channels, including specialty stores, pharmacies, and beauty salons. Furthermore, the growing emphasis of male consumers on skincare and grooming for improved physical appearance and skin care presents promising growth prospects. Increased R&D investments for innovative products also positively impact market expansion.
Consumer preferences have been instrumental in shaping the beauty and personal care product market, with a focus on ongoing trends like sustainability, natural ingredients, health, and convenience. The market is experiencing growth due to increased consumer interest in natural, organic, and vegan beauty products to avoid harmful synthetic chemicals. As a result, consumers are transitioning from traditional beauty products to those with cleaner, eco-friendly labels.
This trend is particularly pronounced among Millennials and Gen Z, who display a heightened preference for natural beauty products compared to the broader consumer base. According to a July 2022 blog post by ESW, 43% of consumers in this age group express a preference for natural skincare, surpassing the 31% of the general consumer population in the U.S.
Furthermore, the market demand is significantly driven by evolving packaging trends and attractive marketing strategies. Anticipated growth in the setting spray industry is attributed to manufacturers adapting their marketing and branding strategies to enhance sales in different regions. Employing natural ingredients in cosmetics and facial care product production, which is gentle on the skin, is a common approach used by manufacturers to attract more customers and boost their revenues. This collective adoption of such strategies by producers contributes to the expansion of the setting spray industry.
Setting Spray Market Report Highlights:
- Based on type, radiant/dewy setting spray is anticipated to have the fastest CAGR over the forecast period. Market participants are providing a variety of formulations, including ingredients like vitamin E and hyaluronic acid
- Based on distribution channel, the online segment is set to grow at the fastest rate due to its convenience, flexibility, and consumer comfort with this channel
- Europe dominated the global market in 2023. The beauty sector in Western Europe remains dominant, contributing to over 80% of annual revenue. Germany leads as the largest cosmetics market in Europe, followed by France and the UK
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Type Outlook
- 2.3. End-use Outlook
- 2.4. Distribution Channel Outlook
- 2.5. Regional Outlook
Chapter 3. Setting Spray Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing & Technology Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier Power
- 3.4.1.2. Buyer Power
- 3.4.1.3. Substitution Threat
- 3.4.1.4. Threat from New Entrant
- 3.4.1.5. Competitive Rivalry
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Setting Spray Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Setting Spray Market Estimates & Forecast, By Type (USD Million)
- 5.2.1. Oil-control Setting Spray
- 5.2.2. Waterproof Setting Spray
- 5.2.3. Hydrating Setting Spray
- 5.2.4. Radiant/Dewy Setting Spray
- 5.2.5. Matte Setting Spray
- 5.2.6. Others
Chapter 6. Setting Spray Market: End-use Estimates & Trend Analysis
- 6.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 6.2. Setting Spray Market Estimates & Forecast, By End-use (USD Million)
- 6.2.1. Professional
- 6.2.2. Personal
Chapter 7. Setting Spray Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 7.2. Setting Spray Market Estimates & Forecast, By Distribution Channel (USD Million)
- 7.2.1. Supermarkets and Hypermarkets
- 7.2.2. Specialty Retail Stores
- 7.2.3. Pharmacy & Drugstore
- 7.2.4. Online
Chapter 8. Setting Spray Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. North America setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. Key country dynamics
- 8.2.2.2. U.S. setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Key country dynamics
- 8.2.3.2. Canada setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Key country dynamics
- 8.2.4.2. Mexico setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. Key country dynamics
- 8.3.2.2. UK setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Key country dynamics
- 8.3.3.2. Germany setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. Key country dynamics
- 8.3.4.2. France setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.5. Spain
- 8.3.5.1. Key country dynamics
- 8.3.5.2. Spain setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.3.6. Italy
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Italy setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. Key country dynamics
- 8.4.2.2. China setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. Key country dynamics
- 8.4.3.2. India setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Key country dynamics
- 8.4.4.2. Japan setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. Key country dynamics
- 8.4.5.2. South Korea setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Central & South America setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Brazil setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6. Middles East & Africa
- 8.6.1. Middles East & Africa setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. Key country dynamics
- 8.6.2.2. South Africa setting spray market estimates & forecast, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Key country dynamics
- 8.6.3.2. Saudi Arabia setting spray market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 9. Setting Spray Market: Competitive Landscape
- 9.1. List of key companies analyzed in this section includes:
- 9.1.1. Rare Beauty
- 9.1.2. e.l.f Cosmetics, Inc.
- 9.1.3. Urban Decay
- 9.1.4. Swiss Beauty
- 9.1.5. L'Oreal
- 9.1.6. Sugar Cosmetics
- 9.1.7. Lakme Cosmetics (Unilever)
- 9.1.8. Faces Canada
- 9.1.9. Charlotte Tillbury Cosmetics
- 9.1.10. Anastasia Beverly Hills
- 9.2. Recent Developments & Impact Analysis, By Key Market Participants
- 9.3. Company Categorization
- 9.4. Participant's Overview
- 9.5. Financial Performance
- 9.6. Product Benchmarking
- 9.7. Company Market Share Analysis, 2023 (Value % Share)
- 9.8. Company Heat Map Analysis
- 9.9. Strategy Mapping
- 9.9.1. Product Launches
- 9.9.2. Merger & Acquisition