Facial Skincare Market Size 2022-2030| Share, Growth, Opportunity, Trends, Revenue, Challenges, and Forecast
Pune, Aug. 18, 2022 (GLOBE NEWSWIRE) -- The global facial skincare market is expected to reach US$ 169.41 billion by 2030 at a CAGR of 4.9% from 2022 to 2030, states Growth Plus Reports.
The global facial skincare market is experiencing rapid growth. This market refers to products that focus on the enhancement of facial skin quality, resolving skin issues, and delivering an appealing and satisfactory appearance. Emerging demand for various facial skincare products such as creams, masks, serums, lotions, and so on, can be attributed to growing celebrity endorsement, growing penetration of social media, increasing disposable incomes, and changing beauty standards. These factors are further accountable for the expansion of the facial skincare market globally.
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Market Drivers
The growth of the facial skincare market is mainly due to the growing awareness of appearance standards in society and especially among women and youth. Furthermore, celebrity endorsements promoting facial products, growing consciousness for the maintenance of healthy skin, and growing incidence of facial skin ailments also assist in the development of the market. Additionally, there has been increasing funding for R&D initiatives with an aim for the continuous invention of new & effective products, to enhance customer satisfaction, and to attract a larger customer base. These factors are expected to propel the overall growth of the market.
The global facial skincare market has been analyzed from four different perspectives – Product, Application, End-User, and Region.
Excerpts from ‘By Product Segmentation’
The global facial skincare market, based on product types has been segmented into different categories, viz:
Serums And Masks
Cleaning Wipes
Facial Creams
Face Wash
Others (Toners, Pore Strips, Etc.)
The facial creams segment is expected to dominate the market through the forecast period. Facial creams are the most widely used worldwide and are often viewed as a fundamental skincare product. Furthermore, facial creams are versatile products offering solutions to almost every kind of skin concern ranging from conventional moisturization to anti-aging. Their ease of application and relative safety also contributes to the dominant position of facial creams. Additionally, the serum and masks segment is experiencing a noticeable growth in the market as these products contain a higher concentration of active ingredients and therefore have quick and lasting effects.
Excerpts from ‘By Region Segmentation’
Geographically, the global facial skincare market is segmented into:
North America
Europe
Asia Pacific
Rest of the World
The Asia Pacific region dominates the global market with the largest revenue share. This is attributed to the presence of a large population of young and aged people, increasing penetration of international market players in the Asia Pacific, and growing disposable incomes of the general population. These trends are further facilitated by the growing penetration of social media and e-commerce in the region. Moreover, there is also an enormous adoption of facial creams such as sunscreen, anti-aging creams, and skin whitening creams for better skin complexion in the Asia Pacific market. There is also a multitude of local and regional market players offering products unique to the regional ethnicity, addressing their unique skincare problems and concerns. For instance, the demand for whitening and pigmentation creams and other cosmetics is the highest in the Asia Pacific, as the general population has a more positive perception to have fair skin. Additionally, North America is also anticipated to progress at a rapid growth rate during the forecast period. Along with conventional products such as facial creams, the demand for specialty and innovative products such as essences, serums, sheet face masks, etc. is significantly high in the North America market. Moreover, the uptake of high-end, expensive brands is relatively prominent in the North America market.
Report Scope & Segmentation:
Report Coverage | Details |
Market Size in 2021 | USD 110.54 billion |
Revenue forecast in 2030 | USD 169.41 billion |
Growth Rate | CAGR of 4.9% from 2022 to 2030 |
Base year for estimation | 2021 |
Forecast period | 2022-2030 |
Segments covered | Products, Application, End User |
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Excerpts from ‘Competitive Landscape’
Some of the prominent players operating in the global facial skincare market are:
Shiseido Company Limited
Johnson & Johnson (J&J)
Procter & Gamble Co. (P&G)
Avon Products Inc
L'Oréal SA
Revlon Inc
Estée Lauder Companies Inc
Unilever Plc
Revlon, Inc
Beiersdorf AG
Coty
Oriflame Holding AG
Natura & Co
Among others
Table Of Content:
INTRODUCTION
Market Ecosystem
Timeline Under Consideration
Historical Years – 2020
Base Year – 2021
Forecasted Years – 2022 to 2030
Currency Used in the Report
RESEARCH METHODOLOGY
Research Approach
Data Collection Methodology
Data Sources
Secondary Sources
Primary Sources
Market Estimation Approach
Bottom Up
Top Down
Market Forecasting Model
Limitations and Assumptions
PREMIUM INSIGHTS
Current Market Trend (COVID-19 Perspective)
Key Players & Competitive Positioning (2021)
MARKET DYNAMICS
Drivers
Restraints
Opportunities
GLOBAL FACIAL SKINCARE MARKET- ANALYSIS & FORECAST, BY PRODUCT
Serums and Masks
Face Wipes
Facial Creams
Facial Wash
Others (Toners, Pore Strips, etc.)
GLOBAL FACIAL SKINCARE MARKET- ANALYSIS & FORECAST, BY APPLICATION
Women
Men
VALUE PROPOSITIONS RELATED TO THE REPORT:
Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Winning imperatives
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
Distributor Landscape Assessment
Pricing Intelligence
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players
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