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Pore Strips Market Dynamics and Growth Opportunities 2024
Pore Strips Market Trends
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According to The Business Research Company's, The pore strips market size has grown strongly in recent years. It will grow from $2.07 billion in 2023 to $2.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to growing beauty and skincare awareness, rising disposable income, celebrity endorsements and social media influence, availability and accessibility.
The pore strips market size is expected to see strong growth in the next few years. It will grow to $3.24 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising health and wellness trends, e-commerce expansion, environmental sustainability. Major trends in the forecast period include customization and personalization, technological advancements, innovations in product formulations.
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Market Drivers and Trends:
The rising consumer consciousness toward maintaining facial beauty is expected to propel the growth of the pore strips market going forward. Increased awareness related to the health and physical benefits of maintaining facial beauty and growing consumer disposable expenditure has contributed to increased consumer consciousness towards maintaining facial beauty. It is expected to boost the adoption of pore strips, as it is widely consumed to remove black heads and dead skin. For instance, According to The American Society for Aesthetic Plastic Surgery, in 2021, facial procedures increased by 54 percent and aesthetic body procedures shot up by 63 percent from 2020. Therefore, the rising consumer consciousness towards maintaining facial beauty is expected to boost demand for pore during the forecast period.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
Kao Corporation, Unilever plc, Ulta Beauty Inc., Sephora SA, Boscia Group Limited, Walgreen Co., EARTH THERAPEUTICS Ltd., NNNOW (Arvind lifestyles brand limited), The Boots Company PLC, Tonymoly Co. Ltd., Sprinkle Co. Ltd., Hangzhou Luc Commodity Co. Ltd., Guangzhou Shifei Cosmetics Co. Ltd., Wuhan Huawei Technology Co. Ltd., Jiangmen Xinwei Cosmetics Co. Ltd., Henan Huaer Dental Biotech Co. Ltd., L'Oréal S. A., Amorepacific Corporation, e. l. f. Cosmetics, The Body Shop International Limited, Peter Thomas Roth Clinical Skin Care, Lotus Herbals Pvt. Ltd., Avon Products Inc., The Estee Lauder Companies Inc., Novateor Research Laboratories Ltd., The Procter & Gamble Company, Fairywell Care Ltd., Neutrogena Corporation, Elegare beauty Pvt. Ltd., Shiseido Company Limited
Pore Strips Market 2024 Key Insights:
• The pore strips market size is expected to see strong growth in the next few years. It will grow to $3.24 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
• Rising Consumer Awareness Toward Maintaining Facial Beauty Drives Pore Strips Market Growth
• Strategic Partnerships And Collaborations In The Pore Strips Market
• Asia-Pacific was the largest region in the pore strips market in 2023
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