Face Balm Market: Increasing Awareness Regarding Use Face Balm for Personal Grooming To Drive the Market Growth

Face Balm Market size was valued at USD 218.73 Mn in 2023 and is expected to reach USD 428.14 Mn by 2030, at a CAGR of 10.07 %.
Face Balm Market Overview
Market is used to protect the face, heal, and moisturize the skin. It is the heaviest moisturizer and formed of wax or oil. Face balms are applied to the skin to treat blemishes, abrasions, and skin damage brought on by ageing, exposure to the sun or weather, and other factors. The facial cleansing solutions aid in the removal of undesirable dead cells and impurity materials and keep hydrated and nourish the skin to enhance facial beauty.

The beauty trend gaining traction as a result of the sales of waterless cosmetics that have increased and the rise in demand for face balm is expected to fuel market growth across the world. Indie brands have played a significant role in promoting the concept of waterless beauty products. Positive responses from beauty-conscious consumers further compelled luxury and mass-market brands to expand their business horizons in waterless beauty to boost the growth of the face balm industry.To know about the Research Methodology :- Request Free Sample Report
Face Balm Market Dynamics
Rising awareness of skincare products to fuel market growth

Growth of fast food consumption, causes skin issues such as rashes, dark under-eye bags, and wrinkles, necessitating the use of face-washing balms. The main factors driving the demand for face balm products and Face Balm Market around the world include increasing awareness of personal cleanliness and grooming, as well as growth in income levels of the population. Face balm treatment to stop the sign of ageing.

For example, Retinol is crucial for minimizing the effects of ageing, which is an active form of vitamin A. By replenishing vitamin, A in the body, retinol and retinoic acid aid to improve cell regeneration, build collagen, lessen discolouration, and repair wrinkles. Another key ingredient in anti-ageing skincare products, antioxidants support skin healing and repair in aged skin.

Advertising and promotions of face balm to boost the Face Balm market

The increasing expenditure through major players, research and development and social media

marketing are propelling the whole cosmetic business. Key players have make significant investment in these components to influence the customer purchasing behaviour and raise product appeal in the retail environment. The attractive packaging of the face balm products and growth social media users is expected to boost the face balm industry. Social media marketing is one of the primary strategies employed by many organizations and industries to inform their target customers about their product offers.

The number of people using social media has increased dramatically due to the use of the internet. As a result, the majority of the main businesses in the sector intend to face balm market and their products and services online. These major industries analysis and company profiles with detail information’s through several aspects is covered in the report. Also, the report provides the increasing use of the internet in underdeveloped countries has changed how major market leader approach and their advertising budgeting distribution. The increasing use of the cosmetic product in salon is expected to boost the Face Balm Market growth during the forecast period.

Rise in knowledge of the harmful implications of chemical-based cosmetics to restrain the face balm market

Skin care product manufacturing chemicals have high potential to damage a person's skin or other body organs. The user have an experience of skin irritation and dryness when they use the wrong face balm. Some facial balms have oils in them that stop water from evaporating, which is clog pores and lead to acne. These oils include petrolatum and lanolin. Such factor is to hamper the use of face balm and Face Balm Market demand across the world.

For example, prolonged use of skin care products have an impact on skin, and frequent use of creams, balms, lotions, soaps, and sprays that are high in chemicals results in dull skin. The increasing customer awareness of the potential negative effects of facial care products, face balms and skin issues are expected to restrain the Face Balm Market growth.
Face Balm Market Segmentation
The global Face Balm Market is segmented into By Distribution Channels, Applications and End-Use and Region. By region, the market is divided into North America, Europe, Asia Pacific, South America and Middle East Africa and their corresponding sub-countries.

By Distribution Channel

Based on Distribution Channel, the Face Balm Market is categorised into online and offline segments. In 2023, the offline store segment held the largest market share in terms of revenue and is expected to continue its dominance during the forecast period. The offline segment growth is driven by leading players due to them launching new products in the market. Manufacturers continually make effort to increase the visibility of their products on store shelves; as a result, they concentrate mostly on offline sales. As a result, face balms and other facial care products are available offline in huge numbers to cater for consumer demand.By Application

Based on Application, the Face Balm Market is segmented by household and commercial. The household segment dominated the global market share in 2023 and is expected to maintain its position over the forecast period. People are becoming more aware of products and the benefits of face balm and consumers have been urged to use face balm every day to shield their skin from damage caused by dust, air pollution, and direct sun exposure. As a result, an increasing demand for cosmetics for personal use. Such factors are responsible for household face balm segment growth in the Face Balm Market.By End-Use

Based on End-use, the Face Balm Market size is classified into the men and women segment. The women segment held the largest market share in 2023. The skincare industry has grown steadily and consistently over the years as more women have become conscious of their looks. There are other several additional factors for segment growth including an increase in the number of working women, changes in lifestyle, increased awareness of the need of maintaining beauty over time, and the benefits of facial care products. These factors are expected to drive the Face Balm Market throughout the period.
Face Balm Market Regional Insight
Asia-Pacific Face Balm Market accounted major share in 2023 and is expected to grow at a significant CAGR over the forecast period. The region is a highly developed infrastructure and a sizable research and development base. It is one of the most varied and vibrant markets in the worldwide cosmetics sector. Some of the most widely used cosmetic product categories in the area are those for skin care, sun protection, moisturizers, and other kinds of face balms. The increasing population, rising disposable income, and high consumers demand for beauty products are expected to influence the market during the forecast period.

North American Face Balm Market is expected to grow at a CAGR of 8.5% over the forecast period. In the United States, the demand for face balms is gradually rising. This is due to the fact that a significant portion of cosmetics purchases in the US is now conducted online. Changing lifestyle, rising income and customers are choosing healthier cosmetic solution are driving market in the region toward significant growth.

Competitive Landscape

The global Face Balm Market key companies are profiled in the report includes Silicon2 Co., REN Clean Skincare, Pangaea Holdings Inc., Naturium, CeraVe, Weleda AG, Franline Ltd, Nuxe, W.S. Badger Company, Inc., Pinch of Colour LLC., Maycoop Co., Ltd., UpCircle Beauty, Riviera Suisse, Vilot LLC, Purity Cosmetics. The leading players in the market have major focus on key market strategies, such as mergers, product launches, merger & acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market.

In June 2021, REN Clean Skincare and partner Tubex have created an eco-smart sample pack made from 100% recycled aluminium that offers consumers the chance to test a product from a tube that’s fully recyclable. The soft metal not only keeps products fresh but is also infinitely recyclable.
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Face Balm Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 218.73 Mn


Forecast Period 2024 to 2030 CAGR:
10.07 %
Market Size in 2030:
USD 428.14 Mn


 Segments Covered:
by Distribution Channel
1. Online
2. Offline
2.1. Supermarkets and Hypermarkets
2.2. Retail Store
2.3. Speciality Store


by Application
1. Household
2. Commercial
2.1. Salon
2.2. Spa Clinics


by End-Use
1. Women
2. Men



Face Balm Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Face Balm Market, Key Players are
1. Silicon2 Co.
2. REN Clean Skincare
3. Pangaea Holdings Inc.
4. Naturium, CeraVe
5. Weleda AG
6. Franline Ltd
7. Nuxe
8. W.S. Badger Company
9. Pinch of Colour LLC.
10. Maycoop Co.
11. UpCircle Beauty
12. Riviera Suisse
13. Vilot LLC
14. Purity Cosmetics
15. Unilever PLC (REN Clean Skincare)
16. L'Oreal Group (CeraVe), Weleda AG
17. Naturium
18. Pinch of Colour LLC
19. UpCircle Beauty
20. W.S. Badger Company, Inc.

Frequently Asked Questions:

1] What is the growth rate of the Global Face Balm Market?
Ans. The Global Face Balm Market is growing at a significant rate of 10.07 % during the forecast period.

2] Which region is expected to dominate the Global Face Balm Market?
Ans. Asia Pacific is expected to dominate the Face Balm Market during the forecast period.

3] What is the expected Global  Market size by 2030?
Ans. The Face Balm Market size is expected to reach USD 428.14 Mn by 2030.

4] Which are the top players in the Global Market?
Ans. The major top players in the Global Face Balm Market are Silicon2 Co., REN Clean Skincare and Pangaea Holdings Inc. and others.

5] What are the factors driving the Global Market growth?
Ans. The increasing use of the cosmetic product in salon is expected to drive the Face Balm Market growth during the forecast period.