Global Facial Care Market: Overview
Facial care is the practices followed since ages to hold skin veracity, enhance skin appearance, and reduce skin conditions. These include avoiding excess sun exposure, adequate nutrition, and proper use of moisturizers. Facial care products enhancing its appearance include several cosmetics, exfoliation, botulinum, fillers, microdermabrasion, laser resurfacing, retinol therapy, peels, and so on.
Global Facial Care Market: Growth Factors
Facial care segment contributes up to 70% of the total skin care market’s revenue; thus, it is anticipated to witness high growth in the near future. This growth can be attributed to the introduction of a wide range of products including BB creams, anti-aging creams, moisturizers, cleansing wipes, skin toners, masks & serums, and so on. This, in turn, has resulted in the availability of a wide array of products to the customers and further has increased the penetration of facial and personal care products. Rising awareness about the facial care products and new multinationals entering the market are other factors boosting the growth of the global facial care market. The increasing esteem of multifunctional products and growing distribution channels and networks are further propelling the growth of the global market. In addition, increasing fairness products demand, rising focus on an advertisement, and changing the life style of consumers are some other factors impacting the global facial care market growth.
Global Facial Care Market: Segmentation
The global facial care market is segmented on the basis of product type and region. On the basis of product type, the global market is segmented as anti-aging, skin whitening or lightening, serums and masks, face wash, facial creams, cleansing wipes, and others. The other segment is further bifurcated as pore strips, fade creams, and toners. Regionally, the global facial care market is categorized as Asia Pacific, North America, Latin America, Europe, and RoW (Rest of the World).
Global Facial Care Market: Regional Analysis
Asia Pacific dominates the global facial care market and is anticipated to continue this trend in the near future. This growth can be attributed to India and Japan followed by China mainly owing to the increasing disposable income of consumers and growing popularity of facial care products. Shifting trend of consumers to Western luxury brands in order to gain enhanced results are factors boosting the global facial care market in North America in the coming future. Moreover, increasing awareness among consumers about the use of facial care products and the easily available products in this region are expected to enhance the facial care products demand in the coming future.
Global Facial Care Market: Competitive Players
Some of the major players in the global facial care market include Estee Lauder Companies Inc., L’Oreal S.A., Shiseido Co. Ltd., Kose Corporation, Kao Corporation, Johnson and Johnson Limited, The Unilever Plc, and Procter and Gamble Company.
Global Facial Care Market: Regional Segment Analysis
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