Dead Sea Mud Cosmetics Market Analysis and Forecast to 2031: By Product Type (Facial Care Products, Body Care Products, Hair Care Products, Others), End User (Men Care Products, Women Care Products), Distribution Channel (Online Channels, Offline Channels), and Region
The global dead sea mud cosmetics market was valued at US$ 0.7 billion in 2021 and it is anticipated to grow up to US$ 2.6 billion by 2031, at a CAGR of 13.7% during the forecast period.
Dead sea mud cosmetics products such as salt, mud, and minerals are extracted from the dead sea. The mud contains various minerals such as bromide, sodium, silicon, iron, calcium, and magnesium.
Dead sea mud cosmetic product has a unique composition of high concentrations of skin-nourishing minerals such as calcium, magnesium, potassium, zinc, bromide, and iron. These potent minerals have numerous health benefits and make skin firm and radiant. The consumer has inclined toward natural ingredients and cosmetic products that will not harm the skin and give the best result. This factor will drive the market in the upcoming years.
Market Drivers and Trends
The escalating use of dead sea mud in cosmetics which both males and females can use for eliminating issues with skin and aging, may influence the growth of the dead sea mud cosmetics market to a great extent. Further, the increasing focus of the millennials and baby boomers on grooming and improving skin health has led to substantial demand for dead sea mud cosmetics, which may further strengthen the growth of the dead sea mud cosmetics market. Moreover, the availability of sea mud cosmetics in various price ranges, such as low, medium, and premium, has made it easy for consumers to select the products according to their budget. The focus of the cosmetic industry on providing natural and budget-friendly products is likely to create demand for the global dead sea mud cosmetics market. Hence, increasing awareness about the benefits of dead sea mud in cosmetics industry is boosting the market growth.
Market Restraints and Challenges
The dead sea’s level has been depleting by almost a meter a year as the Jordan river, which feeds the sea, has slowly been drying up. This has significantly raised environmental concerns over the dead sea’s ecosystem. As a result, mud mining has come into the crosshairs of environmental activists in recent years. An Israeli government decision to ban mud mining from the dead sea will bring the dead sea mud cosmetics industry to a grinding halt. Thus, the depletion of dead sea level is anticipated to hinder the growth of the global dead sea mud cosmetics market.
Global Dead Sea Mud Cosmetics Market Segmental Overview
The report analyses the global dead sea mud cosmetics market based on product type, end user, distribution channel, and region.
Global Dead Sea Mud Cosmetics Market by Product Type
Based on product type, it is segmented into facial care products, body care products, hair care products, and others. The body care products segment is expected to have the largest dead sea mud cosmetics market share in 2021. A rise in disposable income and the busy lifestyle of consumers drive the market because consumers are concerned about their skin, especially women, who are the major driver of the market. Dead sea mineral mud has hydrating, beautifying, purgative, and relieving properties and is known to relieve various symptoms of skin and musculoskeletal ailments. Due to multiple benefits, the body care products segment is expected to receive the main market attraction resulting in market growth.
Global Dead Sea Mud Cosmetics Market by End User
Based on end user, it is bifurcated into men care products and women care products. The women care products segment is expected to dominate the market during the forecast period. The global cosmetics industry has risen gradually over the years, owing mostly to an increase in beauty-conscious women's products. Several other causes, such as an increase in skin problems in women, improved awareness of the need to maintain long-term beauty, and lifestyle changes, have all contributed significantly to the growth of the dead sea mud cosmetics market. Furthermore, the demand for natural cosmetics products increases among women. Due to the abovementioned factors, the women care products segment are expected to dominate the market during the forecast period.
Global Dead Sea Mud Cosmetics Market by Distribution Channel
Based on distribution channel, it is segmented into online channels and offline channels. The offline channels segment is expected to be the largest segment in the dead sea mud cosmetics market in 2021. The offline segment includes retail stores, distributors, and specialty stores. Retail stores provide the desired ease and choice of options for an evolving consumer. Market players are establishing new retail stores across various regions to extend their reach and increase their customer base. Furthermore, specialty stores are retail outlets that are engaged in the business of selling a particular range of associated products. Thus, the offline channels segment will likely hold a major market share in 2021.
Geographical Analysis of Global Dead Sea Mud Cosmetics Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. Due to its increased demand and enhanced effect on the skin, dead sea mud cosmetics are seeing high popularity in the North American market. The US leads the way regarding geographical demand for cosmetics, followed by Canada and Mexico. Consumers are increasingly interested in both economic and premium dead sea mud cosmetics products available in the market, driving them to switch from chemical cosmetics to dead sea mud cosmetics products. In the US, the Food & Drug Administration (FDA) has initiated strict norms and laws governing the quality of the materials and packaging used in dead sea mud cosmetics products. Consumers prefer cosmetics made from natural substances such as jojoba oil, camellia oil, kernel oils, and others. Further, with the rise in demand for cosmetics in the region, several new companies are approaching the regional market intending to benefit from dead sea mud cosmetics market growth prospects and provide customers with an experience of good dead sea mud cosmetics. This, in turn, boosts the demand for dead sea mud cosmetics in the North America region.
Major Players in the Global Dead Sea Mud Cosmetics Market COVID-19 Impact
In 2020, the COVID-19 pandemic disrupted the cosmetics market across the globe. Furthermore, the impact of the pandemic on society and the economy has been witnessed as a result of global lockdowns. Restrictions on travel, airline suspensions, and, most importantly, a slowdown in the global economy have affected the business of cosmetics manufacturers across the globe. Consumers' skincare routine has changed by the growing perception of the risk associated with the COVID-19 pandemic. Consumers avoided purchasing cosmetics to focus on acquiring the necessities required to survive in the present pandemic crisis, which negatively impacts the growth of the overall cosmetics sector, thus hindering the global dead sea mud cosmetics market growth.
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