Press release
Facial Serum Market Size Will Grow at a Healthy CAGR by 2033 | Along with Top Key Players: Amorepacific Group Inc., KOSE Corporation, Clarins Inc., Unilever plc, Shiseido Company Limited, Beiersdorf AG
Global Facial Serum Market
Facial serums are super-concentrated skincare that deliver the most powerful actives right into the skin. Typically, they're either water or oil-based, but they can specifically target certain concerns such as anti-aging, brightening, or hydrating - giving more precise solutions compared to many other products in the range, like moisturizers. Compared to regular creams or lotions, these serums have more concentrated performance-enhancing actives such as antioxidants, peptides, vitamins, and botanical extracts. Their main aim is to solve all skin problems such as wrinkles, fine lines, hyperpigmentation, dryness, and acne while also promoting healthy skin and its rejuvenation. Moreover, advancement in skincare technology has led to the development of advanced serums that contain responsible ingredients, high technologies, eco-friendly packaging, and unique delivery systems. The encapsulation technique protects the essential chemicals from oxidation and ensures accurate delivery for enhanced performance. Domestic and niche brands have grown increasingly strong, posing a significant challenge to the expansion of the facial serum market. Cost-effectiveness and loyalty by customers often prolong the product endorsement cycles of established companies.
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The anti-aging serum segment is anticipated to hold the largest share of the market during the forecast period.
On the basis of type, the global facial serum market is classified into anti-aging serums, skin brightening serums. Among these, the anti-aging serum segment is anticipated to hold the largest share of the global facial serum market during the forecast period. Celebrity endorsements and influences of social media trends do impact consumer behavior, giving rise to a higher demand for anti-aging serums.
The oil-based segment is expected to grow at the fastest CAGR during the forecast period.
On the basis of form, the global facial serum market is classified into oil based, gel based, water based, and others. Among these, the oil-based segment is expected to grow at the fastest CAGR during the forecast period. There's been a growing demand for natural and plant-based skincare solutions. This trend aligns with oil-based serums as they are mostly created with pure botanical oils like jojoba, rosehip, or squalane. The flexibility in their use makes them both moisturizers, makeup primers, or massage oils, thereby appealing to the desire for streamlined routines and multi-purpose products.
The online retailers segment is expected to grow at the fastest CAGR during the forecast period.
On the basis of distribution channel, the global facial serum market is classified into supermarkets & hypermarkets, specialty beauty stores, drugstores & pharmacies, online retailers, and others. Among these, the online retailers segment is expected to grow at the fastest CAGR during the forecast period. Online retail stores offer a wider range of serums than physical stores. They accommodate many wants and preferences very easily while offering cheap prices due to low operational costs. This appeals to cost-sensitive consumers and spurs price competition.
North America is anticipated to hold the largest share of the global facial serum market during the forecast period.
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North America is anticipated to hold the largest share of the global facial serum market during the forecast period. Consumers in North America have been embracing natural and clean beauty products. North American consumers prefer to shop online this is because it allows the consumers to view and purchase products at the convenience of their homes. This creates a chance for a great investment for the brands of organic face serums.
Asia Pacific region is also expected to fastest CAGR growth during the forecast period. Skincare serums are used to target specific issues such as dehydration, inflammation, and hyperpigmentation by using ingredients like skin quenching, anti-inflammatory ingredients, and skin-lightening ingredients. This is because the issue of aging is a big concern to consumers hence the demand for anti-aging serums. Other concerns that these serums aim to target include dark spots and fine lines. The APAC skincare serums market is highly fragmented and competitive due to the shifting consumer demands, social media influencers, and emerging beauty trends.
Major vendors in the global facial serum market are L'Oréal S.A., Galderma S.A., Amorepacific Group Inc., KOSÉ Corporation, Clarins Inc., Unilever plc, Shiseido Company Limited, Beiersdorf AG, Estée Lauder Companies Inc., Revlon Inc., Others.
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)
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Recent Development
In February 2023, Shiseido Asia Pacific announced entering a distribution partnership agreement with Global SS Beauty Brands Limited, which is a subsidiary of Shoppers Stop. Shoppers Stop is an Indian large-sized fashion and beauty store chain.
In January 2023, Kosé Corporation announced a strategic partnership with Aman Group SARL, a multinational hospitality company headquartered in Switzerland, to produce a new skincare line under an OEM contract
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global facial serum market based on the below-mentioned segments:
Global Facial Serum Market, By Type
Anti-Aging Serums
Skin Brightening Serums
Global Facial Serum Market, By Form
Oil based
Gel based
Water based
Others
Global Facial Serum Market, By Distribution Channel
Supermarkets & Hypermarkets
Specialty Beauty Stores
Drugstores & Pharmacies
Online Retailers
Others
Global Facial Serum Market, Regional
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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