Asia Pacific Facial Care Market Growth and Share, Emerging Trends, Scope, CAGR Status, Challenges, Opportunities and Forecast 2030: The Unilever Plc, Shiseido Co. Ltd., Johnson and Johnson Limited

According to Coherent Market Insights, Asia Pacific facial care market is estimated to be valued at US$ 52.0 billion in 2023 and is expected to exhibit a CAGR of 7.2% during the forecast period (2023-2030). The Asia Pacific facial care market comprises products such as creams, lotions, masks that are used to protect, cleanse, moisturize, nourish the skin. It plays a vital role in maintaining and enhancing facial appearance.

Market Dynamics:

The Asia Pacific facial care market is experiencing significant growth owing to rising beauty-conscious population and increasing awareness about skin and facial care products across Asian countries like China, India, and South Korea. According to a survey, over 80% of women in India spent $3 billion annually on skin care and makeup products in 2022. This exponential rise in demand has encouraged key players to invest more in innovative solutions and customize their offerings as per customer needs to gain a competitive advantage in the market. Additionally, aggressive marketing campaigns and promotion of celebrity brand endorsements on social media have resulted in increasing awareness about benefits of anti-aging and skin rejuvenating products which is further fueling the market growth in the forecast period.

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Market Driver:

The economies of Asia Pacific countries like India, Indonesia and Philippines are growing at a relatively faster pace compared to developed markets. This has resulted in significant rise in disposable incomes of middle class consumers in these countries. They now have greater spending power and are willing to spend more on high quality personal care and beauty products. The facial care market is witnessing demand for premium anti-aging creams, cleansers and serums from affluent consumers who want globular facial care brands and products. Brands are launching premium product ranges targeted at the aspirational middle and upper middle income groups in Asia Pacific region.

Market Restraint:

Countries like India, China and some Southeast Asian markets have imposed regulatory bans on cosmetic products tested on animals. This is posing as a challenge for global beauty brands who want to expand in these high potential markets. They have to either create animal-free product formulations or conduct product testing in markets where animal testing is still allowed to launch new facial care ranges. The regulatory restrictions around animal testing is slowing down pace of product innovations and launches for the Asia Pacific facial care industry.

Competitive Landscape

In the segment specifically devoted to leading companies in the Asia Pacific Facial Care Market of the market analysis document, our researchers provide a summary of the financial statements of all the major companies, covering their noteworthy developments, product benchmarking, and SWOT analysis. The corporate profile copy also includes financial information and a business summary. The businesses in this area can be customized to match the unique needs of the client.

Some of the Top Players in Asia Pacific Facial Care Market:

L'Oreal S.A, Procter and Gamble Company (P&G), Estee Lauder Companies Inc., The Unilever Plc, Shiseido Co. Ltd., Johnson and Johnson Limited, Kose Corporation, and Kao Corporation

Detailed Segmentation:

Asia Pacific Facial Care Market, By Product Type:
Skin whitening/lightening and anti-ageing creams
Facial creams
Face wash
Cleansing wipes
Serums and masks
Others

Asia Pacific Facial Care Market, By Consumer Group:
Male
Female

Asia Pacific Facial Care Market, By Distribution Channel:
Store-based retailing
Non-store based retailing

Regional Analysis -

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
Latin America (Colombia, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Market Opportunity:

E-commerce has emerged as a major driver of retail sales growth across Asia Pacific region in recent years. Online shopping offers convenience to busy urban consumers who want facial care products delivered at their doorstep. Beauty and personal care category is among the fastest growing segments on e-commerce sites in countries like India, Indonesia and China. Leading online retailers in these countries are actively partnering with global and local brands to strengthen their beauty product catalogues. The booming online retail environment presents a major growth opportunity for facial care brands to tap into large and discerning customer base across Asia Pacific region.

Market Trend:

With increasing awareness about harmful chemicals in mass market cosmetic products, affluent consumers in major Asia Pacific markets are inclined towards natural, organic and clean-label certified facial care brands. They are willing to pay premium prices for high performance natural products promising anti-aging and skin rejuvenation benefits. Leading brands are leveraging this trend by introducing natural and organic product ranges made from ingredients like botanical extracts, essential oils and fruit acids. This consumer shift towards premium natural skincare presents a long term market trend for the Asia Pacific facial care industry.

Reasons to Purchase this Report:

✔ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
✔ Reports provide opportunities and threats faced by suppliers in the Asia Pacific Facial Care industry around the world.
✔ The report shows regions and sectors with the fastest growth potential.
✔A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
✔ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
✔ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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Questions Answered by the Report:

(1) Which are the dominant players of the Asia Pacific Facial Care Market?
(2) What will be the size of the Asia Pacific Facial Care Market in the coming years?
(3) Which segment will lead the Asia Pacific Facial Care Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Asia Pacific Facial Care Market?
(6) What are the go-to strategies adopted in the Asia Pacific Facial Care Market?

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