Pune, 7, April, 2023: Maximize Market Research, a Consumer Goods & Services business research firm has published a report on the “Facial Care Market”. As per the report, the total global market for Facial Care Market was USD 94.50 Bn in 2021 and is expected to grow at a CAGR of 8.32 percent over the forecast period to reach USD 179.10 Bn by 2029.
Facial Care Market Report Scope and Research Methodology
The Facial Care market has been analyzed at global, regional and country levels. The segment-wise and region-wise analysis of the Facial Care market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.
A bottom-up approach has been used to estimate the Facial Care market size. Key Players in the Facial Care market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Facial Care industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Facial Care key players in the industry.
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Facial Care Market Dynamics
The demand for moisturizers and face creams is increasing globally because of the increasing consciousness among people about their physical appearance. The increasing awareness of the negative effects of stress from daily life, harsh water conditions and pollution on the skin is driving the Facial Care market growth majorly. These factors are expected to increase the demand for anti-pollution and anti-aging products during the forecast period.
Skincare products also contain chemicals that harm the skin and therefore consumers expect ingredient transparency. Natural products do not harm the skin and are made of concentrated plant-based ingredients. Hence, the increasing demand for natural skin care products is expected to drive market growth during the forecast period.
Facial Care Market Regional Insights
The Asia Pacific region dominated the global market by holding the largest Facial Care Market share in 2021 and is expected to retain its dominance during the forecast period. The growth of the regional market is majorly attributed to the growing population and increasing disposable income.
The North America region is expected to grow at a CAGR of 7.45 percent during the forecast period. The rising number of working-class women and the changes in their lifestyles are the main factors driving the market growth in the region.
Facial Care Market Segmentation
By Age
- 0–25 Years
- 26–40 Years
- 41–55 Years
- Above 55 Years
By Product
- Skin-whitening & anti-ageing
- Facial Creams
- Face Wash
- Cleansing Wipes
- Serums & Masks
- Others
By Gender
- Male
- Female
- Unisex
By Distribution Channel
- Hypermarket/Supermarket
- Convenience Store
- Online
Facial Care Key Competitors include:
- Makeup Geek LLC
- Morphe Brushes & Cosmetics
- L’Oréal S.A.
- The Estee Lauder Companies Inc.
- Alticor Inc.
- The Body Shop International Limited
- Avon Products Inc.
- The Procter & Gamble Company
- Oriflame Cosmetics AG
- Unilever PLC
- Shiseido Company Limited
- Burberry Group PLC
- Kao Corporation
- Edgewell Personal Care.
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Table of Content for Facial Care Market:
- Global Facial Care Market: Research Methodology
- Global Facial Care Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Facial Care Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Facial Care Market Segmentation
- Global Market, by Age (2021-2029)
- Global Market, by Product (2021-2029)
- Global Market, by Gender (2021-2029)
- Global Market, by Distribution Channel (2021-2029)
- Regional Facial Care Market (2021-2029)
- Regional Market, by Age (2021-2029)
- Regional Market, by Product (2021-2029)
- Regional Market, by Gender (2021-2029)
- Regional Market, by Distribution Channel (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key questions answered in the Facial Care Market are:
- What was the Facial Care Market size in 2021?
- What is the expected Facial Care Market Size by 2029?
- Which segment of the Facial Care Market is expected to grow at a high rate during the forecast period?
- What are the major drivers of the Facial Care Market?
- What are the major challenges for the Facial Care Market?
- What are the factors restraining the Facial Care Market growth?
- What are the upcoming industry applications and trends for the Facial Care Market?
- What are the factors contributing to the final price of the Facial Care Products?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Facial Care Market?
- What growth strategies are the players considering to increase their presence in Facial Care Market?
- Who held the largest Facial Care Market share?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product, Age, Gender, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Cosmetics Market– The market size is expected to reach USD 604 billion by 2029 at a 5.25% CAGR of percent during the forecast period. The market is expected to be driven by the increasing disposable income and the requirement for skin care products owing to variable climatic conditions.
Premium Cosmetics Market– The market size is expected to reach USD 63.10 billion by 2029 at a CAGR of 7.84 percent during the forecast period. The market is expected to be driven by growing awareness of hygiene and personal care to support market growth prospects.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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