Global Facial Essence Market Overview:
Facial Essence was originated from the Korean beauty industry. It works as a primer for moisturizer. These essences have similar benefits to serum, and with a lower molecular weight than most daily creams, they work to penetrate the skin much deeper than an average moisturizer. The growing people’s interest in adopting cosmetic products is expected to boost the market demand for facial essence in the forested period.
As per latest study released by AMA Research, the Global Facial Essence market is expected to see growth rate of 7.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Trend for Organic Ingredient based Facial Essence
Market Growth Drivers:
Hydrate and Re-Balance the Skin and Growing Personal Care Industry
Challenges:
Availability of Substitute Products
Restraints:
High Cost of Products and Stringent Government Regulations on Skincare Products
Opportunities:
Increasing Disposable Income and High Per Capita Spending Beauty Products and Increasing Demand for Facial Essence from Emerging Countries
Competitive Landscape:
The market is fragmented by numerous key players who have the bargaining power high in global facial essence market as the market is dominated by several key. The intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability.
Some of the key players profiled in the report are L'Oreal S.A.(France), Lancome (France), Procter & Gamble (Olay) (United States), La Mer Technology, Inc. (United States), Estée Lauder Companies (United States), Clinique Laboratories, LLC (United States), Estée Lauder Companies (Origins)(United States), Guerlain (France), Christian Dior SE (France), AmorePacific Corporation (South Korea), Innisfree (South Korea), e.l.f. Cosmetics (United States), Juice Beauty (United States), BABOR (Germany) and ARKONA (United States). Analyst at AMA Research see United States, Europe, and South Korea Vendors to retain maximum share of Global Facial Essence market by 2030. Considering Market by Skin Type, the sub-segment i.e. Normal will boost the Facial Essence market. Considering Market by Form, the sub-segment i.e. Liquid will boost the Facial Essence market. Considering Market by Distribution Channel, the sub-segment i.e. Hypermarket will boost the Facial Essence market. Considering Market by End User, the sub-segment i.e. Men will boost the Facial Essence market.
Latest Market Insights:
In June 2023, L'Oréal acquired Skinbetter Science, a professional skincare brand known for its science-backed approach and clinical-grade ingredients, for an undisclosed amount. This acquisition is seen as a way for L'Oréal to tap into the growing demand for dermatologist-recommended skincare products.
What Can be Explored with the Facial Essence Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Facial Essence Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Facial Essence
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Facial Essence market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Facial Essence market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Facial Essence Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.