Global Facial Care Market (by product type (skin whitening, lightening & anti-ageing, facial creams, face wash, cleansing wipes, serums & masks, and others.), by distribution channel (conventional store, departmental store, and online store.), and end-user (male, and female), by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) is expected to reach US$ 38.92 Bn by 2026, at a CAGR of 6.23% during a forecast period.
Improved distribution networks and the rising popularity of multi-functional products available in the market are some of the major drivers contributing to the growth of facial care market. Increasing fairness products demand, rising focus on an advertisement, and changing the life style of consumers as well as shifting trend of consumers to western luxury brands in order to gain enhanced results are some factors boosting the growth of the global facial care market. The increasing regard of multifunctional products and growing distribution channels & networks are further propelling the growth of the global facial care market. However, allergies caused by presence of chemical preservatives in face cleanser is a major factor expected to hamper growth of the target market.
Asia Pacific dominates the global facial care market during forecast period.
The demand of facial care market in Asia-Pacific is increasing with increasing people awareness through media, supported by rising consumer disposable income. The market of facial care is increasing and it is also gaining popularity in the men’s group. Due 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. Moreover, increasing awareness among consumers about the use of facial care products and the easily available products in Asia Pacific region are expected to enhance the facial care products demand during forecast period.
Changing the life style of consumers propelling the growth of the global facial care market.
Increasing fairness products demand, rising focus on an advertisement, and changing the life style of consumers as well as shifting trend of consumers to western luxury brands in order to gain enhanced results are some factors boosting the growth of the global facial care market. The increasing regard of multifunctional products and growing distribution channels & networks are further propelling the growth of the global market.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global facial care market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global facial care market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global facial care market positioning of competitors.
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