Global Facial Care Market by Product (Skin-whitening & Anti-ageing, Facial Creams) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global facial care market was worth USD 94.2 billion. The industry is driven by a growing awareness about the importance of facial care products to maintain healthy skin, improve skin appearance and reduce skin conditions. These beauty products are also in high demand due to the rising spending power of the working-class population in emerging economies like Brazil, India, China, and India.

Facial care products account for almost 70% of skin care market revenue over the last few years. The importance of facial products has been recognized by manufacturers and they have now shifted their attention to skincare products. Manufacturers have launched their product marketing campaigns on social media platforms like Facebook, Instagram, YouTube, and YouTube to market their products. To attract more customers, key players have teamed up with celebrities to become brand ambassadors for their products.

In terms of price and new product launches, the market is very competitive. Market growth is expected to be boosted by high investments made by key manufacturers in R&D. They are also introducing new products to satisfy the increasing consumer demand for better skin appearance. This will in turn have a positive effect on the market's growth in the near future.

Due to the growing popularity of skin-whitening agents, Asia Pacific has seen a surge in demand for durable product variants. The European market is growing due to increasing demand for facial care products as well as a growing R&D industry. North America will see significant growth due to the high spending power and dedication of its professionals.

Product Insights

The largest share, 25.9%, of global revenue was attributed to facial creams in 2018. Facial creams are in high demand due to celebrity endorsements and product promotions. Facial creams can enhance the appearance of facial skin and make it look radiant and brightened at a fraction of the cost. Skin-whitening and antiaging creams are also in high demand. They penetrate skin pigments and reduce wrinkles. These cosmetic products are in high demand because of their ability to penetrate skin pigments, reduce facial spots, brighten the skin and minimize wrinkles. This category includes moisturizer cream, skin revitalization, and skin smoothening.

Distribution Channel Insights

By 2025, the hypermarkets and supermarkets market will be worth USD 59.9 trillion. The key trend is likely to be the increase in supermarkets in emerging countries like China and India due to the growth of middle-income groups. From 2019 to 2025, the online segment will grow at a 5.9% CAGR. Online sales have grown due to the increasing number of smartphone users, now reaching five billion. Online shopping has become easier for consumers. You can also purchase facial care products online using e-commerce portals like Amazon, Sephora and Nyka as well as free delivery to your home.

Application Insights

The largest consumers of facial care products are women. In 2018, this application segment made up more than 55.0% of total revenue. This could be explained by women's increasing financial independence, which means they are more likely to spend on personal care products. The demand for facial care products has increased significantly due to the increasing number of professionals in the working class. The growing importance of looking presentable and the expanding corporate sector are also expected to continue to be a major trend. The market is growing due to the increasing importance of multifunctional products and the growth in distribution channels.

In 2018, the men's application segment made up more than 40% of total revenue. The increasing awareness of the working class about skin care products for men has led to a shift in favor of facial care products.

Regional Insights

Asia Pacific was the dominant market for facial care in 2018, accounting for 30.9% of total revenue. The market has seen significant growth in demand for anti-aging, skin-whitening, and facial creams. The Asia Pacific's leading retailers include Unilever Ltd. and The Procter and Gamble Company. Johnson and Johnson Ltd. and Kose Corp. The demand for durable product options in this region has increased with the popularity of skin-whitening agents.

Europe is a major market in this industry. France, Germany and the U.K. are key markets in this region. This industry is seeing a rise in demand for different facial care products around the world, which is driving the R&D sector. New avenues will be opened by the shift towards organic products over synthetic ones due to the potentially harmful effects of the latter.

North America will be the fastest-growing regional market, with a 5.5% CAGR from 2019 to 2025. Manufacturers in the United States are expanding their operations around the globe due to increasing demand and requirements. This region's high spending power is also a driving force for growth. The regional market will continue to grow due to the increasing number of women in the working class and their changing lifestyles.

Market Share Insights & Key Companies

L'Oreal and Procter and Gamble are major players in the market. In the coming years, celebrity partnerships will continue to be a major success factor. L'Oreal Paris released Revitalift Tripple power day cream in October 2017. This intensive moisturizer hydrates and gives skin a younger appearance.

Facial Care Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth at both the country and global levels. It also provides analysis of industry trends for each sub-segment from 2015 to 2025. Grand View Research has divided the global facial-care market report by product, application, distribution channel and region.

• Product Outlook (Revenue, USD Billion, 2015 - 2025)

  • Skin-whitening & anti-ageing

  • Facial creams

  • Face wash

  • Cleansing wipes

  • Serums & Masks

  • Other

• Distribution Channel Outlook (Revenue USD Billion, 2015-2025)

  • Hypermarket/Supermarket

  • Convenience Store

  • Online

• Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Men

  • Women

• Regional Outlook (Revenue USD Billion, 2015-2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global facial care market size was USD 98.9 Billion in 2019, and is forecast to grow to USD 103.8 Billion by 2020.

b. Global facial care market will grow at a compound annual rate of 5.0% between 2019 and 2025, reaching USD 132.7 billion in 2025.

b. Asia Pacific was the dominant market for facial care in 2019, with a 30.8% share. This can be attributed to rising demand for anti-aging, skin-whitening, and facial creams as well as serums and masks.

b. L'Oreal and Procter and Gamble are some of the major players in the market for facial care.

b. b.

Up Market Research published a new report titled “Facial Care Market research report which is segmented by Product (Skin-whitening & Anti-ageing, Facial Creams), By Players/Companies L’Oreal Paris launched Revitalift Tripple Power Day Cream, Procter and Gamble, Unilever, Oriflamme, Johnson & Johnson Formation of strategic partnerships with celebrities in order to launch new products is projected to remain a key success factor over the next few years In October 2017, Estee Lauder Company, which is an intensive moisturizer that hydrates to give younger looking skin, L’Oreal”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Facial Care Market Report Segments:

The market is segmented by Product (Skin-whitening & Anti-ageing, Facial Creams).

Facial Care Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Facial Care Market

Overview of the regional outlook of the Facial Care Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Facial Care Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Facial Care Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Skin-whitening & Anti-ageing

                2. Facial Creams

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Facial Care Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Facial Care Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.