Facial Care Market: Industry Forecast (2024-2030) by Product, Distribution Channel, Gender, Age and Region

Facial Care Market size was valued at USD 110.87 Bn. in 2023 and the total Insulation revenue is expected to grow by 8.32% from 2024 to 2030, reaching nearly USD 193.99 Bn.

The facial care industry includes devices and products used for facial treatment to creatively increase the creation of facial fleshy tissue or else portions, for instance, eyes ears, lips, or nose. Concerns about fitness and the rise in demand for cutting-edge cosmetics products drive the growth of the global facial care market.
Facial Care Market Overview:
The market for facial care is growing rapidly on a global scale. This market is for goods that improve the quality of facial skin, deal with skin problems, and produce a pleasing and satisfying appearance. The market for skincare is expanding more quickly than any other area of the beauty business. In the US last year, sales of skincare products increased by 13% while those of makeup only increased by 1%. In that time, the growth of online beauty merchants was 24%, with skincare taking the lead. The best-selling category on Net-a-beauty Porter's page is skincare, which increased 40% over the previous year.

According to L'Oréal, skincare accounts for 40% of the global beauty business but is growing at a rate of about 60%. It's difficult to overlook the impact of APAC here; APAC is mostly responsible for the global growth of the skincare industry.To know about the Research Methodology:-Request Free Sample Report
Scope of the Report:
Maximize Market Research has collected the data through Primary research surveys from Facial Care products dealers, suppliers international market supplies, dealers. The company's annual reports and secondary sources, such as a thorough search on reliable paid databases, including our internal database, are carefully examined to verify the facts. All the information that has been acquired has been verified, evaluated, and presented in list form in order to give a coherent and understandable picture of the topic market. Our dedicated team of subject matter experts meticulously tracks and analyses the Global Facial Care Market.

The team provides a long-term performance analysis of the industry while also looking at various industrial segments and strategic postures. This will assist our clients in better planning their upcoming investments, lowering risk, understanding cost dynamics, and maintaining balance in the face of market volatility. An examination of how the COVID-19 epidemic has affected global supply chains, demand dynamics, and consumer spending patterns. A list of several ongoing development projects from various industries is followed by information on key projects that are in the development stage and may have a positive or negative impact on the global facial care market.
Facial Care Market Dynamics:
Facial Care Market dynamics are thoroughly studied and explained in the report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Facial Care Market.

Demand for Anti-Aging And Anti-Pollution Products to drive Facial Care Market

The market is saturated with anti-aging goods like eye cream, face cream, serum, and wrinkle cream. The need for such products is also being blasted by issues like pollution and harsh water conditions. People are becoming more and more aware of how pollution affects their skin. In the UK, around 80% of consumers are aware of how stress from daily life affects their skin.

Customers are therefore more willing to invest in skincare procedures while they are younger. They invest a lot of time and resources into developing anti-aging products. A growing number of manufacturers are attempting to break into this lucrative market using a variety of strategies, such as product innovation and mergers and acquisitions, as a result of the growing interest in anti-aging skincare products for younger skin and skincare products enriched with vitamins C, E, collagen, and other ingredients to delay ageing.

Growth in Demand for Organic and Natural Skincare Products:

For safe and chemical-free skin nourishment, customers in developed and developing nations alike are favouring skincare products created from natural ingredients. Natural skincare products are typically made from concentrated plant-based ingredients and do not hurt or have any adverse effects.

Consumers now expect greater ingredient transparency as they are more aware of the negative impacts of using skincare products that contain synthetic perfumes and chemicals. The popularity of local brands in the natural skincare sector is being influenced by the trend of herbal and organic skincare products. The millennial generation strongly favours products with vegan certification and sustainable packaging.

Health Awareness: and increasing expenditure on facial care

More than ever before, consumers are concerned about their health and wellness. Significant portions of consumers are beginning to have a deeper relationship with their wellness thanks to growing trends like Ayurvedic herbs, CBD, natural dental care, unplugging electronics, creating personal rituals, and thankfulness, to name just a few. Even while many of these themes are now considered mainstream, ten or twenty years ago, they would have sounded extremely "woo woo." Likewise, many of the skin issues that spur demand for today's products would have seemed less important in the past. In addition to being areas of life that consumers are more acutely aware of, factors including pollution, sun protection, and workplace stress reaching near-epidemic levels all have an impact on the quality and ageing of the skin.
Facial Care Market Segment Analysis:
By Product, in 2023, Facial Creams segment had a sizeable market share of more than 24.5% of the facial care market globally. The most frequently used skincare item worldwide is facial cream, which is frequently regarded as a need. Additionally, facial creams are adaptable treatments that address a wide range of skin issues, from anti-aging to traditional moisturization.

The popularity of face creams is also largely attributed to their simplicity and relative safety in use. Additionally, the market for serums and masks is expanding noticeably as a result of the higher concentration of active ingredients and immediate and long-lasting results these products provide.Based on Distribution Channel, online distribution channel segment is expected to witness significant growth during the forecast period. The booming worldwide e-commerce industry is primarily responsible for this rise. People can compare and purchase facial care products from international brands through internet retail stores. Additionally, when making purchases online, buyers frequently receive discounts or coupons, which further draws shoppers to this form of distribution. Better internet access and widespread smartphone use have both made a substantial contribution to this segment's growth throughout the forecast period.

By Gender, the female segment held the largest market share of nearaly 64.5% in 2023. This is due to women becoming more financially independent and having more money to spend on personal care items. The demand for facial care products has also been dramatically expanding globally owing to the growing number of professionals from the working class. Additionally, it is anticipated that a key trend will continue to be the growing business sector and the increasing significance of looking presentable. Global market growth is being fuelled by the rising importance of items with multiple uses as well as growing distribution channels.
Regional Insights:
APAC: With the largest revenue share in 2023, the Asia Pacific region will continue to dominate the worldwide market. This growth is attributable to the presence of a huge population of young and old people, rising penetration of foreign market participants in the Asia Pacific, and expanding disposable incomes of the general public. The increased use of social media and e-commerce in the area has furthered these tendencies. Additionally, facial creams such sunscreen, anti-aging products, and skin whitening products are widely used in the Asia Pacific market to improve skin tone.

Furthermore, there are other regional and local market players who offer products that are specific to the ethnicity of the region and address its particular skincare issues. For instance, the Asia Pacific region has the biggest demand for cosmetics, whitening products, and pigmentation creams owing to the general public's preference for fair skin. Up until the conclusion of the forecast period, South Korea's, India's, and China's developing facial care industries will continue to pave the way for the expansion of the APAC facial care market. Other factors that contribute to the expansion of the facial care market in this region include the burgeoning online retail sector and the expanding usage of social media for marketing and advertising.

North America: Between 2024 and 2030, North America is anticipated to see a CAGR of 7.45%, making it the region with the fastest rate of growth. Companies in the US are being compelled by rising client demand and necessity to expand their company operations globally.

Furthermore, the state's development is being accelerated by the increased purchasing power of its employed population. Additionally, the regional market for facial care is projected to continue to show promise as a result of the rising number of working-class women and the changes in their lifestyles.

Europe holds a significant share of the market in 2023. Spain, Germany, France, Italy, and the United Kingdom are significant markets for this province. The market for alternative facial care products is expanding globally, which is boosting this industry's R&D sector. Additionally, the shifting desire for organic over manufactured goods given the risk related with both is predicted to open up new opportunities.

South America: in Brazil, consumers had reduced their expenses on cosmetics, but they were still focused towards the facial and skincare trends. In order to target and enter the Brazilian and South American markets, skincare brands have enormous prospects. The rising proportion of higher SPF products Brazilians are buying as a result of the country's climate is one of the significant developments in the market for creams in Brazil. Additionally, a sizable portion of Brazilian women use facial peels or masks, which increased demand for these treatments as well as for anti-pollution facial products.

Product Innovations:

The facial care sector has seen a rise in product advancements as a major trend. To obtain a competitive advantage, major businesses in the Facial Care industry are concentrating on product breakthroughs. Such as,

 KVD beauty, a division of LVMH, introduced New Good Apple Lightweight Full-Coverage Concealer in 2022. The concealer's ultra-concentrated InterLace Pigments mix seamlessly into the skin for coverage that resists creasing and has the most vibrancy.

 A new shaving and skincare brand called Planet KIND was introduced by Gillette in 2021. Planet KIND packaging is recyclable and composed of infinitely recyclable aluminium, 85% recycled plastic, or 85% recycled paper. Face cleanser and moisturiser are offered by Planet KIND.

 Beiersdorf introduced the Personalized Face Care New Brand O.W.N. in 2021. Exclusively What's Needed" - O.W.N only employs components created especially for each customer's unique skincare requirements.
Facial Care Market Scope: Inquire before buying



Facial Care Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 110.87 Bn.


Forecast Period 2024 to 2030 CAGR:
8.32%
Market Size in 2030:
US $ 193.99 Bn.


 Segments Covered:
by Age
0–25 Years
26–40 Years
41–55 Years
Above 55 Years


by Product
Skin-whitening & anti-ageing
Facial Creams
Face Wash
Cleansing Wipes
Serums & Masks
Others


by Gender
Male
Female
Unisex


by Distribution Channel
Hypermarket/Supermarket
Convenience Store
Online



Facial Care Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Makeup Geek LLC (US)
2. Morphe Brushes & Cosmetics (US)
3. The Estee Lauder Companies Inc. (US)
4. Procter & Gamble Company (US)
5. Edgewell Personal Care (US)
6. Leonor Greyl USA (US)
7. Aveda Corporation (US)
8. Kiehl’s (US)
9. Amway Corporation (US)
10.Conair Corporation (US)
11.Johnson & Johnson Services, Inc. (US)
12.Burberry (UK)
13.Unilever plc (UK)
14.Body Shop International Limited (UK)
15.Avon Products, Inc. (UK)
16.Beiersdorf AG (Germany)
17.L’Oréal S.A. (France)
18.Chanel SA (France)
19.Oriflame Holding AG (Switzerland)
20.Oriflame Cosmetics (Switzerland)
21.Shiseido Company, Limited (Japan)
22.Kao Corporation (Japan)
23.Himalaya Wellness Company (India)
24.Lotus Herbals Pvt, Ltd. (India)
25.TesterKorea (South Korea)

FAQs:

1. Which region has the largest share in Global Facial Care Market?
Ans. Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Facial Care Market?
Ans. The Global Facial Care Market is expected to grow at a CAGR of 8.32 % during forecast period 2024-2030

3. What is scope of the Global Facial Care Market report?
Ans. The Global Facial Care Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the projected market size & growth rate of the Facial Care Market?
Ans. Global Facial Care Market is valued at USD 110.87 Billion in 2023, and it is anticipated to attain a value of USD 193.99 Billion by 2030, at a CAGR of 8.32% over the forecast period.

5. What segments are covered in the Facial Care Market report?
Ans. The segments covered are Age, Product, Gender, Distribution Channel and, Region.