Why Facial Essence Market is Likely to Experience a Tremendous Growth in Near Future By Market 2021 – 2027?

Facial essence are lightweight, hydrating liquid which offers moisture content to skin to keep it healthy and fresh. Growing personal care industry across the globe is expected to drive growth of the facial essence market over the forecast period. For instance, according to the International Trade Administration (ITA), in 2014, per capita expenditure on cosmetic products was US$ 139 in the U.S., US$ 171 in South Korea, and US$ 174 in Japan. Thus, high per capita spending on skin care and cosmetic products is expected to boost growth of the global facial essence market over the forecast period.

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Increasing disposable income and high per capita spending on makeup and cosmetic products is expected to drive growth of the global facial essence market over the forecast period. For instance, according to the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products was US$ 139 in the U.S.

Rising preference for organic products over chemical-based products, rising disposable income, and significant growth of personal care industry in the region are some of the major drivers for the market growth. For instance, according to the International Trade Administration (ITA), Japan stands as one of the largest market for personal care products in the world. In 2015, the cosmetic market in Japan was valued at US$ 13,208 and according to the same source, in 2014, per capita annual expenditure on personal care and cosmetics was US$ 174.

Key Players:-

Players operating in the global facial essence market include Helena Rubinstein, Lancome, Loreal Paris, Kiehls, Olay, Estee Lauder, Dior, Biotherm, Hera, Guerlain, Origins, La Mer, Clinique, Innisfree, and Shu Uemura.

Market Taxonomy:-

On the basis of product type, the global facial essence market is segmented into:

Liquid
Paste
Gel

On the basis of end user, the global facial essence market is segmented into:

Men
Women

On the basis of distribution channel, the global facial essence market is segmented into:

Hypermarket
Supermarket
Departmental Store
Specialty Stores
Online Channel

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