Facial care products are skincare cosmetic products used for cleansing, toning and moisturizing the facial skin. They help remove dead skin cells, impurities and unclog pores to provide clear and glowing skin. Rising awareness about aging signs and growing consciousness about appearance among individuals has fuelled the demand for facial care products. The increasing preference for natural ingredients based skincare products is driving major players to launch organic and herbal facial care ranges.
The global Asia Pacific Facial Care Market is estimated to be valued at US$ 59.91 Mn in 2024 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for natural skincare products is one of the key trends being witnessed in the Asia Pacific facial care market. Changing consumer preferences towards organic and herbal ingredients have encouraged manufacturers to introduce natural and organic product ranges. Growing awareness about harmful chemicals present in synthetic cosmetic products is further driving this shift towards natural ingredients. Key players are focusing on utilizing natural plant extracts and oils like aloe vera, coconut, olive and jojoba oils in their facial care formulations. This growing inclination towards natural skincare will continue to accelerate the demand for natural facial care products in the region during the forecast period.
Segment Analysis
The Asia Pacific facial care market is dominated by the skin care segment which holds around 60% share of the total market. Skin care products such as creams, scrubs and masks are widely used among the population for cleansing, moisturizing and rejuvenating their facial skin. Consumers are increasingly becoming aware about the benefits of regular application of skin care products to maintain youthful look and prevent premature aging. Moreover, social media trends are also driving the demand for advanced anti-aging skin care products in major Asia Pacific countries.
Key Takeaways
The global Asia Pacific facial care market is expected to witness high growth over the forecast period. The market growth will be driven by rising disposable incomes, increasing awareness about personal care and growing consciousness among consumers about facial appearance enhancement. The global Asia Pacific Facial Care Market is estimated to be valued at US$ 59.91 Mn in 2024 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024 to 2031.
Regional analysis
The Asia Pacific region is expected to dominate the global facial care market during the forecast period. Growing middle class population coupled with rising spend on health and beauty products are major factors driving the demand for facial care products in countries like China, India, Japan and South Korea. Moreover, availability of affordable products and growing influence of western trends are also propelling market expansion across Asia Pacific.
Key players
Key players operating in the Asia Pacific facial care market are ALCON Inc., Bausch Health Companies Inc., EssilorLuxottica (Essilor Ltd.), Johnson & Johnson Vision, NIDEK CO. LTD., Topcon Corporation, Zeimer Ophthalmic Systems AG, and ZEISS International.
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Personal care appliances utilization is turning into a need for the customers, who consistently utilize personal care products for speedy individual grooming. A personal care appliance significantly incorporates hair dryer, trimmer, hair straightener, shaver, epilator as well as hair styler. Attributable to the advantages, for example, preferable affectivity over conventional procedure and efficient, requirement for personal care appliances is rising progressively.
Purchasers of personal care appliances are particularly quality and brand cognizant, in addition urban shoppers are ending up more style conscious that is considered to fuel the personal care appliances market development perpetually. With the cognizance of the advantages of personal care appliances over developing economies and expanding urbanization are considered to boost the personal care appliances market. Additionally, expanding e-commerce segment is required to contribute fundamentally to the development of personal care appliances market.
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On the other hand, high cost as well as durability of couple of products limits the personal care appliances market development. Notwithstanding, there is an enormous prospect in the Asia Pacific market, the market is relatively undiscovered and couple of players as of now began accounting for the overall market for personal care appliance. This is ascribed to fresh product improvement keeping in mind the end goal to gain traction in the overall industry in the market for personal care appliances.
It is assessed that the expansion in employment rate of women, rapid populace development and expanding disposable income are the foremost drivers. Individuals particularly for woman like to buy top notch cosmetics which may cost a considerable measure. Along these lines, woman inclination and raising awareness about the product execution are additionally primary drivers. Regardless of the existence of various drivers, the expansion of the market is reduced by some genuine difficulties. High production and marketing costs, rapid innovations in cosmetics &safer products, simple accessibility of counterfeit products as well as immense competition prevailing amid vendors for various product classifications are a few critical challenges that are impeding the market development.
Recently, the market witnessed huge investments for products by large firms which have huge customer preference. In which home care products bear utmost potency as a result of high demand for toning, anti-aging, and other devices. Moreover, there is a higher market attractiveness over North America, Western Europe, and Japan. There is considered to be a substantial potential to flourish the Asia Pacific excluding Japan market for personal care appliances.
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Most of the market players in this market are involving in diverse marketing strategies to gain their market shares. A few of the market players are centering on launching new products, flourishing their geographic existence in addition to mergers & acquisitions. In July 2014, consumer electronics maker Philips in India planned to infiltrate deeper into small cities to fuel expansion by introducing new products providing to these markets needs. The company in personal care appliances launched various products entirely for tier I and II cities, otherwise cities where electricity is incessantly a matter. The company mainly focused on these cities instead on the metros. The company considered products in the price range of Rs 1,000 for these markets and in general, the company planned to launch 30 products in a variety of price points and categories.
A few of the key market players in the market for personal care appliances include Helen of Troy L.P, Panasonic Corporation, Royal Philips Electronics NV, Colgate-Palmolive Company, Lion Corp, HoMedics Inc, Conair Corp, Remington Products Company, Braun GmbH, Johnson & Johnson, Norelco Consumer Products Company, Procter & Gamble, GABA GmbH and others.
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Active wound care market is there are various researches being conducted by government and players in the market to make innovative products for active wound care.
Active wound care refers to the removing or treatment of the connecting tissue to heal the wound.
The extensive cleaning of a wound with the application of skin substitute or dressings results in rapid healing.
It is widely treated in the hospitals, clinics and surgical centers and is applicable in surgical wounds and ulcers.Asia-Pacific active wound care market is registering a substantial CAGR in the forecast period of 2019-2026.
This rise in the market can be attributed due to the surge in the rate of diabetic and growing awareness about wound care management in the geriatric population, which is contributing to the growth of the market.This Asia-Pacific Active Wound Care Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market.
