Global Cosmetic Formulation Software Market by Type (On-premise, Cloud-based), By Application (Personal, Enterprise) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cosmetic formulation software market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cosmetics and rising awareness about the benefits of using cosmetic formulations software. In addition, the growing trend of using cloud-based solutions is also contributing to the growth of this market. On-premise software dominates the global cosmetic formulation software market, followed by cloud-based solutions. However, cloud-based solutions are expected to grow at a higher CAGR during the forecast period as they offer several advantages such as scalability, flexibility and lower costs over on-premise solutions. Personal application segment dominates this market with a majority share followed by enterprise application segment. However, enterprise application segment is expected to grow at a higher CAGR during the forecast period owing to rising demand from small and medium enterprises (SMEs).



Get Free Sample Report

Product Definition:

A software program used to develop and test cosmetic formulations. It can help with creating new formulas, predicting how they will behave on the skin, and estimating their cost.

On-premise:

On-premise software is a type of software that is installed and used on the end user's computer, which accesses the internet. The end-user can use this software privately without any interference from third parties. On-premise cosmetic formulation software market size was valued at USD 616.1 million in 2016 and it is expected to grow at a CAGR of XX% over the forecast period.

Cloud-based:

Cloud-based software is a collection of data and applications that are hosted by a third party. The data is stored remotely on the cloud, which can be accessed by multiple users from different locations. This helps in reducing the time required for product development as well as provides ease of accessibility to information at any point of time.

The cosmetic formulation software industry has been growing rapidly due to its increasing demand among small and medium businesses (SMBs).

Application Insights:

The personal application segment held the largest share of over 70.0% in 2017. The growing importance of cosmetics in daily life and rising demand for convenient, easy to use and user-friendly products are some of the key factors driving this segment growth. Moreover, increasing preference for cosmetic formulations among consumers is expected to fuel product demand over the forecast period.

Enterprise application is expected to be one of the fastest-growing segments during the forecast period owing to increased usage by companies for formulation purposes as well as distribution channels management & inventory control with a focus on cost optimization & revenue enhancement through effective product portfolio management practices coupled with centralized procurement procedures followed by regional offices across various geographies worldwide including North America, Europe, Asia Pacific and MEA (Middle East & Africa).

Cosmetic manufacturers are leveraging advanced technologies such as big data analytics along with cloud computing services offered by Microsoft Corporation., Google Inc., IBM Corporation., Oracle Corporation., etc.

Regional Analysis:

North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high demand for cosmetic formulations software driven by increasing R&D investments and rising adoption of advanced technologies across various industries. In addition, presence of a large number of small- and medium-scale formulators coupled with high disposable income levels in countries such as the U.S., Canada, and Mexico are anticipated to fuel regional growth over the next eight years.

Asia Pacific is estimated to be fastest growing region during the forecast period owing to increasing awareness about latest technologies among manufacturers operating within this industry vertical as well as consumers using these products on a regular basis. Furthermore, government initiatives encouraging domestic manufacturing activities are expected drive regional growth over next few years along with economic development in countries such as China, India Japan South Korea Thailand Indonesia etc’shouldering underdeveloped state due lack proper infrastructure or resources required for their manufacture).

Growth Factors:

Increasing demand for natural and organic cosmetics
Rising awareness about the benefits of using cosmetic formulations software
Proliferation of online retail platforms that offer cosmetic formulations software products
Growing number of start-ups focused on developing innovative cosmetic formulations software products
Increasing investment by leading players in research and development to introduce new and advanced cosmetic formulation software


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Cosmetic Formulation Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Personal, Enterprise
By Companies
Microsoft, SAP, Katana MRP, BatchMaster Software, cosmetri GmbH, Coptis, ProcessPro, Formulator Software, Stratotec, beCPG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.

Global Cosmetic Formulation Software Market Report Segments:
The global Cosmetic Formulation Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Microsoft
SAP
Katana MRP
BatchMaster Software
cosmetri GmbH
Coptis
ProcessPro
Formulator Software
Stratotec
beCPG



Get Free Sample Report

Highlights of The Cosmetic Formulation Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-premise
Cloud-based
By Application:
Personal
Enterprise
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cosmetic Formulation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?