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Overnight Face Mask Global Market Report 2024 To 2033 | L'Oréal S. A., Laniege (Amorepacific Corporation), e. l. f. Cosmetics Inc., The Body Shop International Limited
Overnight Face Mask Market Share
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According to The Business Research Company's, The overnight face mask market size has grown strongly in recent years. It will grow from $23.62 billion in 2023 to $25.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to skin care trends, marketing and influencers, increasing disposable income, consumer education.
The overnight face mask market size is expected to see strong growth in the next few years. It will grow to $34.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to e-commerce growth, sustainability concerns, global health trends. Major trends in the forecast period include customization trends, technology integration, innovation in formulas.
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Market Drivers and Trends:
Increasing skin-related concerns are expected to propel the growth of the overnight face mask market going forward. Skin concerns are increasing because of the adverse impact of work-life stress, busy lifestyle, hectic schedule, and improper diet on human health. Proper sleep is essential for better health owing to which the consumers tend to incline toward skin care products such as overnight face masks as a solution to these problems. For instance, according to the American Academy of Dermatology Association, a US-based dermatology association, 97,920 noninvasive (in situ) and 99,780 invasive melanoma cases were detected in US in 2022. Hence, increasing skin-related problems is predicted to boost demand for an overnight face mask 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:
L'Oréal S. A., Laniege (Amorepacific Corporation), e. l. f. Cosmetics Inc., The Body Shop International Limited, Peter Thomas Roth Labs LLC, Lotus Herbals Pvt. Ltd., Unilever Plc, The Estée Lauder Companies Inc., Avon Products, Inc., Amorepacific Corporation, Origins Natural Resources, Inc., Jurlique International Pty Ltd., Farmacy Beauty LLC, Shiseido Company, Limited, The Procter & Gamble Company, Johnson & Johnson Inc., Kao Corporation, Avon Products Inc., Revlon Consumer Products Corporation, Coty Inc., Beiersdorf AG, Neutrogena Corporation, Fresh Cosmetics Limited, Groupe Clarins, Dermalogica Inc., Murad LLC, Mario Badescu Skin Care Inc., First Aid Beauty Limited, Galderma S. A., Vellvette Lifestyle Private Limited
Overnight Face Mask Market 2024 Key Insights:
• The overnight face mask market size is expected to see strong growth in the next few years. It will grow to $34.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Skin-Related Concerns Driving Growth Of Overnight Face Mask Market
• Innovative Product Developments In The Overnight Face Mask Market
• Asia-Pacific was the largest region in the overnight face mask market in 2023
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