Global Facial Care Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Facial Care Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global facial care market report has been segmented on the basis of product type, end user, sales channel, and region.
Global Facial Care Market: Overview
Facial care is a process of maintaining the health and look of the face and its elements such as skin, lips, and eyelashes for attractiveness and young-looking appearance.
Global Facial Care Market: Dynamics
Growing awareness regarding maintaining personal looks and skin care is one of the major factor expected to drive growth of the global facial care market. In addition, increasing utilization of these products among women as well as men population in order to maintain the health of the skin is a factor projected to support the revenue growth of the target market. Various manufacturing companies are focusing on launching new products in order to sustain in the competitive market which is a factor anticipated to create lucrative opportunities for the target market growth. Increasing advertisements created awareness regarding availability and benefits associated with the usage of these products which is another factor projected to fuel growth of the global market.
The key trend observed in the global market is increasing demand for organic facial care products owing to increasing awareness regarding harmful effects associated with chemical-based products.
However, fragmentation of the market and availability of alternative and similar quality products at a lower cost as compared to premium brands are some major factors anticipated to hamper the global market growth over the forecast period.
Global Facial Care Market: Segment Analysis
Among the product type, the skin whitening/ lightening and the anti-aging cream segment is expected to account for significant shares of the global market, in terms of revenue. This can be attributed to the increasing consciousness of the aging population to look younger.
Among the end user, the women segment is projected to contribute significant revenue shares of the global market, owing to more consciousness of working women population about looking younger and maintaining their personal appeal.
Among the sales channel, the hypermarket/supermarket segment is anticipated to register significant growth over the forecast period. This is attributed to a strong network of distributors and availability of multi-brand products at a single place.
Global Facial Care Market: Region Analysis
Asia Pacific is expected to dominate the facial care market and maintain its dominance over the forecast period. This can be attributed to rising demand for various facial care products such as anti-aging creams, skin whitening/ lightening creams, and other related products among working women coupled with their financial independence. The strong presence of leading retailers of facial care products such as The Procter and Gamble Company, Unilever, Kose Corp, and Johnson and Johnson, is another factor expected to support revenue growth of the target market in this region.
Facial care market in North America is expected to register significant growth, owing to changing lifestyles, increasing base of the working women population, coupled with high spending capability. In addition, growing demand for premium beauty products is another factor expected to propel the target market growth in this region. European facial care market is expected to register substantial growth, owing to growing R&D activities which can be attributed to rising demand for assorted facial care variants.
Global Facial Care Market Segmentation:
Segmentation by Product Type:
- Facial creams
- Skin Whitening/ Lightening and Anti-Aging Creams
- Face Wash
- Serums and Masks
- Cleansing Wipes
- Others (Fade Creams, Pore Strips, Toners, etc.)
Segmentation by End User:
Segmentation by Sales Channel:
- Convenience Stores
- Others (Beauty Salons, Multi-Brand Retail Outlets, Exclusive Retail Stores, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- L'Oréal S.A.
- The Estée Lauder Companies Inc.
- The Procter & Gamble Company
- Shiseido Company, Limited
- Avon Products, Inc.
- Revlon, Inc.
- The Unilever Group
- COLORBAR COSMETICS PVT LTD
- Johnson and Johnson
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