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Facial Cleansing Devices Market Outlook, Market Share, Size, Growth Status And Forecast To 2033
Facial Cleansing Devices Market Outlook
According to The Business Research Company's, The facial cleansing devices market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased complexity of engineering designs, growth in automotive and aerospace industries, increased emphasis on simulation-based engineering, globalization of engineering processes, increased awareness and education.
The facial cleansing devices market size is expected to see strong growth in the next few years. It will grow to $8.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to expansion into new industry verticals, increasing emphasis on simulation-driven design, integration with additive manufacturing, rise of cloud-based fea solutions, demand for real-time simulation. Major trends in the forecast period include ai and machine learning in simulation, simulation democratization, product innovations, technology innovations, cybersecurity in simulation.
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Market Drivers and Trends:
The growing demand for beauty and personal care products is driving the growth of the facial cleansing devices market. Beauty and personal care products encompass a wide range of consumer goods aimed at personal grooming, hygiene, and appearance enhancement. Facial cleansing devices are used in the beauty and personal care industries to enhance the effectiveness of cleansing products, provide a more thorough and efficient way of cleansing the skin, and improve skin texture, product absorption, and overall skin health. For instance, in May 2023, according to the report published by The Cosmetic, Toiletry, and Perfumery Association, a UK-based organization, the sales of color cosmetics reached 118,172,000 units in 2022, compared to 112,257,000 units in 2021. Thus, rising demand for cosmetics and personal care products will propel the growth of the facial cleansing devices market going forward.
Major companies operating in the facial cleansing devices market are developing product innovations such as ultrasonic cleaners to sustain their position in the market. The ultrasonic cleanser is a facial cleansing device that utilizes ultrasonic waves to deeply cleanse the skin, removing impurities and dead skin cells. Ultrasonic cleansers are useful for facial cleansing devices to provide a deep and gentle cleansing experience, addressing various skincare concerns while incorporating modern technology into daily skincare routines. For instance, in February 2021, LG corporation, a South Korea-based conglomerate company, launched its new facial cleansing device, the ultrasonic cleanser. The device utilizes ultrasonic waves to deeply cleanse the skin, removing impurities and dead skin cells. This device comes with two brush options, a silicone brush for gentle daily cleansing and a fine-fibre brush for a deeper clean. The ultrasonic cleanser is portable and has a long-lasting battery life, making it convenient for daily use.
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Major Key Players of the Market:
Major companies operating in the facial cleansing devices market report are Johnson & Johnson Consumer Inc., Hitachi Ltd., The Procter & Gamble Company, Panasonic Corporation, LG Electronics, L'Oréal S.A., Koninklijke Philips N.V., ShiseidoShiseido Company Limited, MTG Co. Ltd., Galderma Laboratories L.P., Spectrum Brands Holdings Inc., Pierre Fabre Dermo-Cosmétique USA Inc., Nu Skin Enterprises Inc., Conair Corporation, Dermalogica Inc., Clinique Laboratories LLC, FOREO AB, SkinCeuticals LLC, La Roche-Posay Laboratoire Pharmaceutique, YA-MAN Ltd., Kate Somerville Skincare LLC, Tria Beauty Inc., PMD Beauty LLC, Murad LLC, Michael Todd Beauty LLC
Facial Cleansing Devices Market 2024 Key Insights:
• The facial cleansing devices market is expected to grow to $8.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Facial Cleansing Devices Market Thrives on Surging Demand for Beauty and Personal Care Products
• Innovation Takes Center Stage As Major Players Introduce Ultrasonic Cleansers In The Facial Cleansing Devices Market
• North America was the largest region in the facial cleansing devices market in 2023
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