Facial Care Product Market Scope
The cosmetics and private care industry is one every of the fastest-growing consumer products sectors in India with a robust potential for foreign companies. The private care and cosmetics sector in India has shown continued strong growth, with increasing shelf space in retail stores and boutiques in India, stocking cosmetics from around the world. According to The Skin Cancer Foundation, quite 90 percent of the visible changes commonly attributed to skin aging are caused by the sun. Chronic exposure to the sun’s ultraviolet rays both UVA and UVB breaks down collagen fibers and elastin (vital to the skin’s supple appearance) and interferes with the body’s immune and repair systems. It also contributes to the formation of free radicals (unstable oxygen molecules that attack healthy cells and permanently damage our DNA), resulting in premature skin aging and, in some cases, cancer.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | L’Oreal (France), Procter and Gamble (United States), Unilever (United Kingdom), Estee Lauder Company (United States), Johnson & Johnson (United States), Alticor Inc. (United States), The Body Shop International Limited (United Kingdom), Avon Products Inc. (United States), Shiseido Company Limited, Burberry Group PLC (United Kingdom), Kao Corporation (Japan) and Edgewell Personal Care (United States) |
CAGR | 4.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Facial Care Product market throughout the predicted period.
L’Oreal (France), Procter and Gamble (United States), Unilever (United Kingdom), Estee Lauder Company (United States), Johnson & Johnson (United States), Alticor Inc. (United States), The Body Shop International Limited (United Kingdom), Avon Products Inc. (United States), Shiseido Company Limited, Burberry Group PLC (United Kingdom), Kao Corporation (Japan) and Edgewell Personal Care (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Facial Care Product market by Type , by Application (Face Wash, Cleansing Wipes, Skin-Whitening Creams, Anti-Aging Creams and Others) and Region with country level break-up.
On the basis of geography, the market of Facial Care Product has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
FDA regulates cosmetics under the Federal Food, Drug and Cosmetic Act (FD&C Act). Under this law, cosmetics must not be adulterated or misbranded. For example, they must be safe for consumers under labeled or customary conditions of use, and they must be properly labeled. Any color additives they contain must be approved for the intended use, and some must be from batches certified in FDA’s own labs.
Influencing Trend:
Increasing Trends of Online Sales of Organic Face Care Products
Market Growth Drivers:
Increasing Number of the Working Class Professionals Has Been Boosting the Demand and Rising Consciousness among People
Challenges:
Maintaining the Natural Properties of Ingredients
Restraints:
Smaller Companies in the Market Often Resort to Offering Cheaper Substitutes to Cater the Consumer Demand
Opportunities:
High Growth Potential from Emerging Economies and Changing Lifestyle of Consumers
Key Target Audience
Manufacturers of Facial Care Products, Suppliers of Facial Care Products, Wholesalers, Distributors and Retailers of Facial Care Products, Cosmetic Industry, Regulatory Bodies and Others