The Asia Pacific Facial Care Market Growth Accelerated by Rising Skin Care Needs

 

Facial care products offer various skincare benefits such as hydrating, cleansing, sun protection, anti-ageing effects, and reduced appearance of fine lines and wrinkles. Facial care products including moisturizers, cleansers, toners, peels, and creams have gained popularity among all age groups as a measure to enhance skin appearance.

The global Asia Pacific Facial Care Market is estimated to be valued at US$ 52 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand for natural and organic facial care products is one of the key trends being witnessed in the Asia Pacific facial care market. Consumers, especially millennials, are more inclined toward natural ingredients in skin care products due to rising health concerns such as side effects of chemical ingredients. They are willing to pay premium prices for natural and organic products offering skin benefits. This growing demand for natural and organic products is encouraging manufacturers to increase their investment in developing and launching natural facial care product lines. They are using natural ingredients such as plant extracts, organic oils, herb extracts in moisturizers, cleansers, toners and other facial care products. This focus on organic and natural products is expected to significantly drive the growth of the Asia Pacific facial care market over the forecast period.

Segment Analysis

The Global Facial Care Market Size is segmented by type into creams, cleaners, serums, treatments, masks, and others. The creams segment currently dominates the market, accounting for over 30% share. Creams are widely used for moisturizing and nourishing the skin. They help to keep the skin soft, supple and young-looking. The demand for anti-aging creams is particularly high among the middle-aged and older population.

Key Takeaways

The global Asia Pacific Facial Care market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis:
The Asia Pacific region is currently the fastest growing and largest market for facial care products globally. Countries like China, India, Japan and South Korea are major demand centers. Growing focus on personal grooming and beauty among both men and women is driving the market in the region. Rising incomes and busy lifestyles are also increasing the demand for facial care products that provide quick results.

Key players:

Key players operating in the Asia Pacific Facial Care market are Sanofi, Merck & Co., Inc, Pfizer Inc., Koninklijke Philips N.V., GSK plc, Sommetrics, Inc., ResMed, Cadwell Industries, Inc., SleepMed, Inc., Sci Sparc, Natus Medical Incorporated, Therapix Biosciences Ltd, Compumedics Limited, AstraZeneca, Eisai Co., Ltd., Tris Pharma, Inc., Novartis AG, Fisher & Paykel Healthcare Limited, Rotech Healthcare Inc., Idorsia Pharmaceuticals Ltd., StimScience among others.

The global Asia Pacific Facial Care market is expected to witness high growth over the forecast period of 2023 to 2030. The Asia Pacific region currently dominates the global market due to high demand from countries like China, India, Japan and South Korea. Within the region, the creams segment has around 30% market share led by high usage of anti-aging creams. Key players are focused on product innovation and expansion in the high potential Asian markets.

Get More Insights On This Topic: https://www.newsstatix.com/asia-pacific-facial-care-market-size-share-analysis-2023-2030-2/


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