The global face care cosmetics market size is expected to grow rapidly because of the increasing cases of skin disorders globally. An unhealthy consumer lifestyle and sedentary lifestyles are expected to bolster market growth. Fortune Business Insights™ provides this information in its report titled “Face Care Cosmetics Market, 2023-2030.”
The rising cases of skin disorders globally can fuel the demand for face care cosmetics. The evolving buyer preference and increasing spending capacity can improve the product’s sales. The adoption of online retail and the availability of a variety of cosmetics lead to the rising adoption of the product. Further, the sedentary lifestyles of consumers and unhealthy diets lead to several skin disorders such as pimples, acne, and others. Face care cosmetics cure the skin efficiently and enhance the healing process. Rising cases of allergies because of an unhealthy diet lead to the increasing adoption of face care cosmetics. As per the Asthma and Allergy Foundation of America, approximately 50 million people in America suffer from several allergies. Therefore, these factors can enhance the growth of the industry in the upcoming years.
Fortune Business Insights™ lists out all the face care cosmetics market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Unilever PLC
- The Procter
- C. Johnson & Son Clorox Company
- L’Oréal S.A.
- Estee Lauder Company
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Highlights of the Report
This report highlights the top segments and the recent trends. It comprehensively discusses the impact of COVID-19 on the global market and the driving and restraining factors. Additionally, it examines the regional developments and the strategies devised by the major players.
Drivers and Restraints
Prevalence of Sunlight Disorders to Boost Market Growth
Face care cosmetics are extensively used to cure skin disorders caused by ultraviolet UV exposure. Cosmetics products cure moles, wrinkles, cuts, burns, vehicle accidents, and sunburn disorders and effectively nourish the skin. The increasing popularity of the benefits provided by the product is expected to propel market growth. The manufacturers use natural ingredients to enhance their product quality and attract consumers. The rising popularity of anti-aging creams among the geriatric population enhances the product’s sales drastically. As per the United Nations statistics on World Population Ageing, in 2019, approximately 703 million people age 65 years or more. Therefore, these factors are expected to drive the face care cosmetics market growth.
However, the allergies associated with certain skin types are estimated to hamper the market growth.
Regional Insights
Rising Popularity for Fair Skin to Fuel Market Growth in Asia Pacific
Asia Pacific is projected to dominate the face care cosmetics market share due to the rising popularity regarding fair skin. The rising awareness regarding perfect skin among the youth can enhance the demand for face care cosmetics. For example, In South Korea, K-Pop culture and its influence are expected to raise the demand for advanced cosmetic products. Therefore, these factors can propel market growth.
In Europe, evolving fashion sense and rising per-capita income are anticipated to enhance the demand for face care cosmetics. As per the data published by Cosmetic Europe, the sales of personal care and cosmetic products are expected to reach USD 93.55 billion in Germany. In addition, increasing awareness regarding the benefits of face care cosmetics can enhance market growth.
Segments
By product type, the market is segmented into facial cream, anti-aging & skin whitening, and cleanser. Based on material use, it is divided into synthetic and natural. As per the sales channel, it is bifurcated into hypermarket/supermarket and online stores. Geographically, it is clubbed into Europe, North America, South America, Asia Pacific, and the Middle East & Africa.
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The Global Face Care Cosmetics Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Face Care Cosmetics? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Face Care Cosmetics Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Face Care Cosmetics Market? What Was Capacity, Production Value, Cost and PROFIT of Face Care Cosmetics Market?
- What Is Current Market Status of Face Care Cosmetics Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Face Care Cosmetics Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Face Care Cosmetics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Face Care Cosmetics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Face Care Cosmetics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Face Care Cosmetics Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Face Care Cosmetics Industry?
Competitive Landscape
Prominent Companies to Launch Innovative Products to Enhance Brand Image
The prominent companies operating in the market announce novel products to enhance their brand image. For example, Lonza announced its anti-aging product in April 2019. It provides a bioactive function to improve skin glow and improve skin quality. This strategy can enhance the company’s brand image. Furthermore, the adoption of advanced production techniques can enhance their product quality, improve operational efficiency, reduce production and labor costs and enable companies to achieve their objective. Additionally, the adoption of expansion strategies would allow companies to increase their market reach.
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