Waterless Cosmetics Market size is expected to reach USD 17.2 billion by 2028
Waterless Cosmetics Industry Overview The global waterless cosmetics market size was valued at USD 8.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.6% from 2022 to 2028. The growing cosmetics and personal care industry globally is projected to drive market growth during the forecast years. Moreover, technological advancement and development in the manufacturing of waterless products are major market drivers. The rising inclination of consumers towards environment-friendly and sustainable beauty products, coupled with growing awareness about the benefits of waterless products, are driving the industry demand. Water is widely used as a filler in cosmetics to ensure the longevity of products, as it prevents contamination and is more economical. Regardless of its beneficial properties, mixed water presents a number of problems. Extensive use of water can be a breeding ground for micro-organisms. Therefore, numerous preservatives are adde...