Setting Spray Market Size, Growth, Trends, Report 2024-2033
The global setting spray market size was estimated at around USD 1.05 billion in 2023 and it is projected to hit around USD 2.2 billion by 2033, growing at a CAGR of 7.63% from 2024 to 2033.
The setting spray market has emerged as a dynamic and influential segment within the beauty and cosmetics industry. As consumers increasingly seek products that not only enhance the longevity of their makeup but also offer additional skincare benefits, the setting spray market has witnessed a surge in innovation, formulation diversity, and strategic positioning by key players. This overview delves into the current landscape of the setting spray market, exploring trends, growth factors, and the overarching dynamics that shape the industry.
The growth of the setting spray market is propelled by various factors contributing to its dynamic expansion. A fundamental driver is the increasing beauty consciousness among consumers, spurred by the influence of social media and beauty influencers. The widespread dissemination of beauty trends and techniques has elevated the importance of setting sprays in achieving flawless and enduring makeup looks. Additionally, the market benefits from continuous innovation in packaging design, where creative and user-friendly solutions play a pivotal role in attracting consumers. Another significant growth factor is the global emphasis on beauty inclusivity, with brands focusing on catering to a diverse range of skin tones and types. This commitment resonates with a broader consumer base, fostering brand loyalty and contributing to the overall success of the setting spray market.
| Report Coverage | Details |
| Market Revenue by 2033 | USD 2.2 billion |
| Growth Rate from 2024 to 2033 | CAGR of 7.63% |
| Revenue Share of Europe in 2023 | 32% |
| CAGR of Asia Pacific from 2024 to 2033 | 9.58% |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Matte setting spray led the market with a share of 27% in 2023. Matte setting spray is favored for its ability to manage skin shine and excess oil, resulting in a desirable matte finish, particularly appealing to individuals with oily skin. Furthermore, it effectively sets makeup, extending its longevity and preventing smudging. The market includes innovative companies like Amorus USA, which introduces attractive products like their cucumber-scented formula in the Mist & Lock setting spray, contributing to a competitive marketplace and heightened consumer demand.
Radiant/Dewy setting spray is estimated to grow at a CAGR of 10.05% during the forecast period. Radiant setting sprays often feature hydrating components like glycerin, hyaluronic acid, and botanical extracts. It helps to maintain skin moisture, preventing makeup from appearing dry or cakey. Particularly valuable in hot, humid climates, it is a favorite choice for events, photoshoots, and weddings, ensuring flawless, radiant makeup even under intense lighting and high-definition cameras.
The professional segment dominated the market with a share of 68% in 2023. In film, television, and photography, where high-definition cameras and intense lighting are the norm, makeup must withstand close inspection. Professional setting sprays guarantee flawless makeup even in these demanding conditions. They also cut down on the need for constant touch-ups. Industry professionals adopt these products for their ability to maintain a polished look over an extended period.
The personal end-use segment is anticipated to grow at a CAGR of 8.47% during the forecast period. Beauty influencers and online makeup tutorials play a vital role in educating consumers about the advantages and popular product reviews of setting sprays. They provide step-by-step guidance on application techniques, showcase the products' effectiveness, and contribute to the growing popularity of these beauty essentials for personal use.
Supermarkets and hypermarkets held a majority market share of about 32% in 2023. These offline channels feature well-known brands that align with regional consumer preferences, aiding shoppers in making informed choices. These stores offer a diverse selection of products from various brands and price ranges, occasionally featuring attractive deals, contributing to increased product adoption through this retail channel.
The online channel segment is set to grow at a CAGR of about 9.15% during forecast period. The growth of the e-commerce industry in emerging markets is a significant catalyst for market expansion. China and India, in particular, are witnessing a surge in online cosmetic product like setting spray browsing and shopping. Additionally, the industry is expected to thrive as prominent e-commerce companies establish stronger ties with cosmetics producers in developing economies. Furthermore, the increasing global popularity of e-commerce platforms and the widespread adoption of smartphones are projected to open up numerous opportunities in the near future.
Europe dominated the market with the largest market share of 32% in 2023. By attracting external investments, developing intangible assets like brands, and investing in research and development, the cosmetics and personal care industry is enhancing the competitiveness of the European economy for future prosperity. Also, according to Personal Care Association of Europe, as of 2022, most of Europe's 500 million consumers use cosmetics daily, valuing health and self-esteem, while the strong presence of brands in Europe drives the cosmetics market, including setting sprays.
Asia Pacific is expected to witness a CAGR of 9.58% from 2024 to 2033. Increased consumer spending on cosmetics and personal care products, coupled with the appeal of premium cosmetic brands among celebrities, is fueling commercialization. Additionally, the growing industrial sector benefits from rising per capita incomes in emerging countries like India, Singapore, South Korea, Japan, etc., contributing to increased sales. Furthermore, the personal care industry in emerging nations is poised for significant growth during the projection period, offering substantial market potential.
L'Oréal and Nasscom, a nonprofit organization representing the Indian IT-BPM sector, partnered in July 2022. The collaboration is centered on creating and implementing technology for L'Oréal's commercial activities. L'Oréal would benefit from the relationship in areas such as product development, customisation, and consumer reviews.
E.L.F Cosmetics and Nykaa, an Indian consumer technology platform, joined in January 2021. The collaboration intends to expand E.L.F Cosmetics' market share in India and promote its merchandise.
By Type
By End-use
By Distribution Channel
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Type Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Setting Spray Market
5.1. COVID-19 Landscape: Setting Spray Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Setting Spray Market, By Type
8.1. Setting Spray Market, by Type, 2024-2033
8.1.1 Oil-control Setting Spray
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Waterproof Setting Spray
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Hydrating Setting Spray
8.1.3.1. Market Revenue and Forecast (2021-2033)
8.1.4. Radiant/Dewy Setting Spray
8.1.4.1. Market Revenue and Forecast (2021-2033)
8.1.5. Matte Setting Spray
8.1.5.1. Market Revenue and Forecast (2021-2033)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Setting Spray Market, By End-use
9.1. Setting Spray Market, by End-use, 2024-2033
9.1.1. Professional
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Personal
9.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Setting Spray Market, By Distribution Channel
10.1. Setting Spray Market, by Distribution Channel, 2024-2033
10.1.1. Supermarket and Hypermarkets
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Specialty Retail Stores
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Pharmacy & Drugstore
10.1.3.1. Market Revenue and Forecast (2021-2033)
10.1.4. Online
10.1.4.1. Market Revenue and Forecast (2021-2033)
10.1.5. Offline
10.1.5.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Setting Spray Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2021-2033)
11.1.2. Market Revenue and Forecast, by End-use (2021-2033)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2021-2033)
11.1.4.2. Market Revenue and Forecast, by End-use (2021-2033)
11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2021-2033)
11.1.5.2. Market Revenue and Forecast, by End-use (2021-2033)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2021-2033)
11.2.2. Market Revenue and Forecast, by End-use (2021-2033)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2021-2033)
11.2.4.2. Market Revenue and Forecast, by End-use (2021-2033)
11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2021-2033)
11.2.5.2. Market Revenue and Forecast, by End-use (2021-2033)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2021-2033)
11.2.6.2. Market Revenue and Forecast, by End-use (2021-2033)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2021-2033)
11.2.7.2. Market Revenue and Forecast, by End-use (2021-2033)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2021-2033)
11.3.2. Market Revenue and Forecast, by End-use (2021-2033)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2021-2033)
11.3.4.2. Market Revenue and Forecast, by End-use (2021-2033)
11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2021-2033)
11.3.5.2. Market Revenue and Forecast, by End-use (2021-2033)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2021-2033)
11.3.6.2. Market Revenue and Forecast, by End-use (2021-2033)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2021-2033)
11.3.7.2. Market Revenue and Forecast, by End-use (2021-2033)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2021-2033)
11.4.2. Market Revenue and Forecast, by End-use (2021-2033)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2021-2033)
11.4.4.2. Market Revenue and Forecast, by End-use (2021-2033)
11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2021-2033)
11.4.5.2. Market Revenue and Forecast, by End-use (2021-2033)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2021-2033)
11.4.6.2. Market Revenue and Forecast, by End-use (2021-2033)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2021-2033)
11.4.7.2. Market Revenue and Forecast, by End-use (2021-2033)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2021-2033)
11.5.2. Market Revenue and Forecast, by End-use (2021-2033)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2021-2033)
11.5.4.2. Market Revenue and Forecast, by End-use (2021-2033)
11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2021-2033)
11.5.5.2. Market Revenue and Forecast, by End-use (2021-2033)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
Chapter 12. Company Profiles
12.1. Rare Beauty.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. e.l.f Cosmetics, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Urban Decay.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Swiss Beauty.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. L'Oréal.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Sugar Cosmetics
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Lakme Cosmetics (Unilever).
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Faces Canada
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Charlotte Tillbury Cosmetics.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Anastasia Beverly Hills
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers