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Facial Serum Market worth $12.27 billion by 2030, growing at a CAGR of 10.31% - Exclusive Report by 360iResearch
Facial Serum Market | 360iResearch
The Global Facial Serum Market to grow from USD 6.17 billion in 2023 to USD 12.27 billion by 2030, at a CAGR of 10.31%.
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A facial serum is a highly concentrated, lightweight, and fast-absorbing liquid formulation designed to provide a potent combination of active ingredients directly into the deeper layers of the skin. These serums contain a higher percentage of performance-driven components such as antioxidants, peptides, vitamins, and botanical extracts compared to traditional creams or lotions. Their primary purpose is to target specific skin concerns such as fine lines, wrinkles, hyperpigmentation, dehydration, and acne while promoting skin health and rejuvenation. Increased awareness about skincare routines and the importance of using quality ingredients for better skin results are accelerating the use of facial serums by individuals worldwide. Consumer inclination towards natural and organic ingredients propels the demand for clean beauty products, including facial serums. However, allergic reactions or other adverse effects due to the presence of specific ingredients in facial serums may impede their adoption by consumers. Moreover, advancements and improvements in formulations to develop innovative serums for diverse skin types and concerns are expected to encourage their adoption by consumers globally.
The facial serum market is evolving in the Americas owing to the inclination of consumers towards innovative skincare products with natural and organic ingredients, emphasis on eco-friendly packaging, and adoption of sustainable practices by manufacturers. Increasing demand for personalized skincare solutions based on factors such as skin type, genetics, and lifestyle are encouraging sales of facial serums in the Americas. The European Union (EU) has a diverse range of consumers with high expectations regarding skincare product quality and efficacy. EU countries prioritize stringent regulations concerning ingredient safety in cosmetics. The Middle East & African region are experiencing a surge in demand for luxury skincare products, including facial serums with high-income consumers and a preference for premium brands that offer anti-aging or brightening effects using exotic ingredients such as gold, caviar extract, or saffron-infused formulations. The facial serum market is growing in the APAC region owing to the well-established manufacturing industries and the presence of raw materials and botanicals used in facial serums. K-beauty and J-beauty trends have also gained worldwide popularity due to their innovative formulations and packaging, further driving the growth of the facial serum market in the APAC region. Besides, increasing penetration of facial serums on eCommerce platforms is anticipated to elevate their sales in the coming years.
Market Segmentation & Coverage:
This research report categorizes the Facial Serum Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Emulsion Serum, Gel Serum, and Oil Serum. The Gel Serum is projected to witness significant market share during forecast period.
Based on Application, market is studied across Acne Fighting Serums, Anti-Aging Serums, Antioxidant Serums, Hydrating Serums, and Skin Whitening Serums. The Hydrating Serums is projected to witness significant market share during forecast period.
Based on Gender, market is studied across Men, Unisex, and Women. The Unisex is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across e-Commerce, Hypermarkets/supermarkets, and Specialty Stores. The e-Commerce is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Facial Serum Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Facial Serum Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Facial Serum Market, highlighting leading vendors and their innovative profiles. These include Algenist LLC, Avon Products Inc., Bioderma Laboratories, CAUDALIE UK LTD., CHANEL Ltd., Conair Corporation, Deciem Beauty Group, Inc., Drunk Elephant, Erno Laszlo Ltd., Estée Lauder Companies Inc., Honest Company, Inc., Johnson and Johnson Inc., Kao Corporation, LOreal SA, MyGlamm, Pilgrim, PLUM Pureplay Skin Sciences (India) Private Limited, Procter & Gamble Co., Revlon, Inc., SEVEN DAYS CO. LTD., Shiseido Co., Ltd., Sugar Cosmetics, Sunday Riley, Tarte Inc., Tatcha, LLC, Unilever PLC, and York St Brands.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Facial Serum Market, by Type
7. Facial Serum Market, by Application
8. Facial Serum Market, by Gender
9. Facial Serum Market, by Distribution Channel
10. Americas Facial Serum Market
11. Asia-Pacific Facial Serum Market
12. Europe, Middle East & Africa Facial Serum Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Facial Serum Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Facial Serum Market?
3. What is the competitive strategic window for opportunities in the Facial Serum Market?
4. What are the technology trends and regulatory frameworks in the Facial Serum Market?
5. What is the market share of the leading vendors in the Facial Serum Market?
6. What modes and strategic moves are considered suitable for entering the Facial Serum Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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