Facial Care Market Increasing at A Phenomenal Pace to reach more than USD 149.6 Billion by 2028

Major companies in facial care market are Estee Lauder Companies Inc., L’Oreal SA, Shiseido Co. Ltd., Kose Corporation, Procter and Gamble Company, Johnson and Johnson Limited, Unilever and Kao Corporation amongst others. These players are set to bolster the development of global facial care market.

According to analysts at Zion Market Research, the global facial care market accounted for more than USD 101.8 Billion in 2020 and is expected to reach more than USD 149.6 Billion by 2028, growing at a CAGR of 5.1% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Facial Care Market by Product (Creams, Serums, Sprays and Others), by Distribution Channel (Online, Supermarkets, Hypermarkets and Others) by End User (Men and Women): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Rising Focus on Skincare to Spur Growth

“Various facial concerns such as photo aging, exposure to pollution and sunlight and acne are driving consumers to take better care of their skin and invest in facial care products such as serums, toners, anti-ageing creams, face washes and other such items”, says the author of this study. Apart from this, growing realization of the positive effects of beauty and facial care on self-esteem and social engagement will boost facial care market trends in the future.

New entries by multinationals with new ranges of products clubbed with rising investments in R&D by key players can be expected to impel the growth of this market, reports the study.

Global-Facial-Care-Market

With the presence of a large pool of participants, the global facial care market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).  L’Oreal SA, Shiseido Co. Ltd., Kose Corporation, Procter and Gamble Company, Johnson and Johnson Limited, Unilever and Kao Corporation are some of the key vendors of facial care products across the world. These players across facial care market are focusing aggressively on innovation, as well as on including sustainability and eliminating waste in their existing products.

Citing an instance, in March 2020, Kao Corporation launched an initiative to phase out the use of plastic stickers on its product packaging to contribute towards a zero waste initiative.

Presence of Big Players In The Region Support Asia Pacific Dominance

Regionally, Asia Pacific has been leading the worldwide facial care market and is anticipated to continue on the dominant position in the years to come, states the facial care market study. The presence of big players in the countries such as the Japan is one of the key factors behind the dominance of the Asia Pacific facial care market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting this regional facial care market.

Browse the full “Facial Care Market by Product (Creams, Serums, Sprays and Others), by Distribution Channel (Online, Supermarkets, Hypermarkets and Others) by End User (Men and Women): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/facial-care-market

The global facial care market is segmented as follows:

By Product

• Creams
• Serums
• Sprays
• Others

By Distribution Channel

• Online
• Supermarkets
• Hypermarkets
• Others

By End User

• Men
• Women

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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