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Facial Care Market is Anticipated To Register A Significant CAGR Over A Forecast Period Having Major Players: L'Oréal, The Estée Lauder Companies Inc., The Body Shop, Procter & Gamble, Unilever & Burberry
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The demand of fairness creams in Asia-Pacific market is increasing with increasing people awareness through media, supported by rising consumer disposable income. The market of fairness cream is increasing and it is also gaining popularity in the men’s group.
The facial care market includes cosmetic products used for caring of face and its features such as skin, lips, and eyelashes, for an attractive youthful appearance. There are numerous facial care products available in the market, such as masks, serums, face washes, cleansing wipes, pore strips, facial creams, toners, skin lightening creams and anti-ageing creams.
North America dominates the global facial care market. The market is likely to witness a speedy growth owing to development of a variety of products at domestic as well as international level. It is then followed by Europe. The facial care market in the Asia-Pacific is experiencing the highest growth, which is primarily driven by the availability of a variety of skin products.
Some of the other factors propelling growth of the market include changing lifestyle of consumers, increased publicity and advertising, and increasing usage of fairness products. Online retailing and development of skin care products for men are the key opportunities for the market.
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Technological advancements in products continue to offer growth opportunities to the players operating in the facial care market. Companies are now employing facial care devices equipped with advanced technologies to monitor skin condition, generate digital feedback, and offer customized skin care solutions to their customers.
Some of the top competitors in the global facial care market are L’Oreal S.A., Kao Corporation, The Unilever Plc, Johnson and Johnson Limited, Procter and Gamble Company (P&G), Kose Corporation, Shiseido Co. Ltd. and Estee Lauder Companies Inc.
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