The facial water spray market is set for a rapid growth over the forecast period. In terms of revenue, the global facial water spray market accounted for USD 731.2 Million in 2019 and is expected to reach USD 780.6 Billion by 2026, growing at a CAGR of 5.1%.
The facial water spray market is set for a rapid growth over the forecast period. In terms of revenue, the global facial water spray market accounted for USD 731.2 Million in 2019 and is expected to reach USD 780.6 Billion by 2026, growing at a CAGR of 5.1%.
Global Facial Water Spray Market: Overview
Facial water sprays are mainly used to maintain the hydration level of skin and give the consumer an instant refreshing feeling. These sprays can be formulated with various ingredients such as rose water, coconut water, and aloe, among others. These sprays can be applied prior or after make-up and prevent one’s skin from dehydration. Facial water sprays help set the makeup and cools the hot and sweaty skin.
Global Facial Water Spray Market: Growth Factors
Growing adoption of cosmetic products in developing economies such as China and India is resulting in the surge for demand of facial water spray products. In 2018, the region accounted for around 40% of the overall demand for cosmetic products. Facial water sprays can be used prior applying make-up and hence it is expected that the region will make notable contributions for the facial spray market growth. Moreover, market players are focusing on enhancing their market share by investing heavily in the Asia Pacific region.
There is a need for redefining the financial parameters or standards set for defining middle class, because as the income of people around the world is increasing, the ratio of disposable income is also consistently increasing. Rising disposable income is in turn increasing the spending power of consumers in various sectors. Cosmetic products are among the top recipients of this income source owing to the large mass of teenagers turning towards beauty and wellness consciousness.
The outbreak of the COVID-19 virus led the governments of numerous countries to enforce stringent lockdown measures during the early stages of the pandemic. During this period, manufacturers faced numerous challenges owing to the disruptions in the supply chain. Various manufacturing facilities across the world were shutdown to curb the spread of the virus. However, during the second half of 2020, majority of manufacturers continued to produce and distribute products globally but in a reduced capacity owing the safety measures that were regulated for the safety of employees.
Global Facial Water Spray Market: Segmentation
The facial water spray market is segmented based on type, end user, and region. The type segment is further divided into purified water, spring water, and ocean water. On the basis of end user, the market is further divided into male and female.
Global Facial Water Spray Market: Regional Analysis
Based on regions, the global facial water spray market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2019, the European region held a notable share of over 20%. This is attributable to the presence of major companies such as LA ROCHE-POSAY, Clinique, and DIOR, among others.
The Asia Pacific region is one of the most lucrative regions and is projected to grow at a CAGR of over 5.5% over the forecast period. This surge is due to the rising disposable income in developing economies such as China and India.
Global Facial Water Spray Market: Competitive Players
Some of key players in facial water spray market are Evian, Avene, LA ROCHE-POSAY, Clinique, Watson, DIOR, Clinelle, Carroten, Shu Uemura, Uriage, Bio-essence, Jurlique, Bobbi Brown, Freeplus, Vichy, Caudalie, Mario Badescu, and Origins, among others.
Global Facial Water Spray Market: Regional Segment Analysis
The global facial water spray market was valued at USD 731.2 Million in 2019.
The global facial water spray market is expected to reach USD 780.6 Million by 2026, growing at a CAGR of 5.1% between 2020 to 2026.
Some of the key factors driving the global facial water spray market growth are growing adoption of cosmetic products, rising disposable income in developing economies.
North America region is anticipated to hold a substantial share of over 25% in the facial water spray market. This is attributable to the increasing usage of cosmetic products mainly in the U.S.
Some of the major companies operating in the facial water spray market are Evian, Avene, LA ROCHE-POSAY, Clinique, Watson, DIOR, Clinelle, Carroten, Shu Uemura, Uriage, Bio-essence, Jurlique, Bobbi Brown, Freeplus, Vichy, Caudalie, Mario Badescu, and Origins, among others.
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