Facial care products market to grow by 5.44% Y-O-Y in 2023; Modern-day lifestyle changes and growing facial skin-related issues will drive growth - Technavio

PR Newswire
Monday, February 6, 2023 at 4:00pm UTC

Facial care products market to grow by 5.44% Y-O-Y in 2023; Modern-day lifestyle changes and growing facial skin-related issues will drive growth - Technavio

PR Newswire

NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Facial care products market insights -

  • Vendors: 15+, including Amorepacific Corp., Amway Corp., Beiersdorf AG, CHANEL Ltd., Colgate Palmolive Co., Conair Corp., Coty Inc., Groupe Clarins, Himalaya Global Holdings Ltd., Kao Corp., LOreal SA, Lotus Herbals Pvt. Ltd., Mary Kay Inc., Nature Republic OC, Oriflame Holding AG, Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., Unilever PLC, Johnson and Johnson, among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Product (Creams and moisturizers, Cleansers, Sunscreen and sun protection products, Facial wipes, and Others), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

To understand more about the facial care products market, request a sample report

In 2017, the facial care products market was valued at USD 86.94 billion. From a regional perspective, APAC held the largest market share, valued at USD 36.91 billion. The facial care products market size is estimated to grow by USD 32.86 billion from 2022 to 2027 at a CAGR of 5.74% according to Technavio.

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Facial care products market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • For highlights on customer landscape analysis, download a sample!

Facial care products market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including –

  • Amorepacific Corp. - The company offers facial care products such as Treatment enzyme peel cleansing powder.
  • Amway Corp. - The company offers facial care products such as Attitude be bright herbal face wash.
  • CHANEL Ltd. - The company offers facial care products such as La mousse anti-pollution cleansing cream.
  • Conair Corp. - The company offers facial care products such as moisturizing mist facial sauna system.

Facial care products market – Market Dynamics

Major Drivers – 

  • Increasing per capita income and changing purchase behavior
  • Modern-day lifestyle changes and growing facial skin-related issues
  • Rising beauty consciousness among people

KEY challenges – 

  • Harmful side effects and animal testing
  • Easy availability of counterfeit products
  • Growing preference for DIY natural facial care products at home

Drivers and challenges have an impact on market dynamics and can impact
businesses. Find some insights from a sample report!

The facial care products market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

What are the key data covered in this facial care products market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the facial care products market between 2023 and 2027
  • Precise estimation of the size of the facial care products market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the facial care products market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of facial care products market vendors

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  • The natural cosmetics market is estimated to decline at a CAGR of 14.61% between 2022 and 2027. The size of the market is forecast to increase by USD 14,986.66 million. The consumer demand for chemical-free and environment-friendly natural cosmetics products is notably driving the market growth, although factors such as low product awareness deterring widespread adoption may impede the market growth.

Facial Care Products Market Scope

Report Coverage

Details

Page number

175

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.74%

Market growth 2023-2027

USD 32.86 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.44

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 48%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amorepacific Corp., Amway Corp., Beiersdorf AG, CHANEL Ltd., Colgate Palmolive Co., Conair Corp., Coty Inc., Groupe Clarins, Himalaya Global Holdings Ltd., Kao Corp., LOreal SA, Lotus Herbals Pvt. Ltd., Mary Kay Inc., Nature Republic OC, Oriflame Holding AG, Shiseido Co. Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., Unilever PLC, and Johnson and Johnson

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global facial care products market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global facial care products market 2017 - 2021 ($ billion)
  • 4.2 Product Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
  • 4.3 Distribution channel Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
  • 6.2 Comparison by Product 
    • Exhibit 32: Chart on Comparison by Product
    • Exhibit 33: Data Table on Comparison by Product
  • 6.3 Creams and moisturizers - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Creams and moisturizers - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Creams and moisturizers - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Creams and moisturizers - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Creams and moisturizers - Year-over-year growth 2022-2027 (%)
  • 6.4 Cleansers - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Cleansers - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Cleansers - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Cleansers - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Cleansers - Year-over-year growth 2022-2027 (%)
  • 6.5 Sunscreen and sun protection products - Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Sunscreen and sun protection products - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 43: Data Table on Sunscreen and sun protection products - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 44: Chart on Sunscreen and sun protection products - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Sunscreen and sun protection products - Year-over-year growth 2022-2027 (%)
  • 6.6 Facial wipes - Market size and forecast 2022-2027
    • Exhibit 46: Chart on Facial wipes - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 47: Data Table on Facial wipes - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Chart on Facial wipes - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Facial wipes - Year-over-year growth 2022-2027 (%)
  • 6.7 Others - Market size and forecast 2022-2027
    • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by Product 
    • Exhibit 54: Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

  • 7.1 Market segments 
    • Exhibit 55: Chart on Distribution Channel - Market share 2022-2027 (%)
    • Exhibit 56: Data Table on Distribution Channel - Market share 2022-2027 (%)
  • 7.2 Comparison by Distribution Channel 
    • Exhibit 57: Chart on Comparison by Distribution Channel
    • Exhibit 58: Data Table on Comparison by Distribution Channel
  • 7.3 Offline - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 60: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 61: Chart on Offline - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Offline - Year-over-year growth 2022-2027 (%)
  • 7.4 Online - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Online - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 64: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 65: Chart on Online - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Online - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Distribution Channel
    • Exhibit 67: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027
    • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027
    • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Japan - Market size and forecast 2022-2027
    • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.11 India - Market size and forecast 2022-2027
    • Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.12 Germany - Market size and forecast 2022-2027
    • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 Amorepacific Corp. 
    • Exhibit 120: Amorepacific Corp. - Overview
    • Exhibit 121: Amorepacific Corp. - Business segments
    • Exhibit 122: Amorepacific Corp. - Key offerings
    • Exhibit 123: Amorepacific Corp. - Segment focus
  • 12.4 Amway Corp. 
    • Exhibit 124: Amway Corp. - Overview
    • Exhibit 125: Amway Corp. - Product / Service
    • Exhibit 126: Amway Corp. - Key news
    • Exhibit 127: Amway Corp. - Key offerings
  • 12.5 CHANEL Ltd. 
    • Exhibit 128: CHANEL Ltd. - Overview
    • Exhibit 129: CHANEL Ltd. - Business segments
    • Exhibit 130: CHANEL Ltd. - Key offerings
    • Exhibit 131: CHANEL Ltd. - Segment focus
  • 12.6 Conair Corp. 
    • Exhibit 132: Conair Corp. - Overview
    • Exhibit 133: Conair Corp. - Product / Service
    • Exhibit 134: Conair Corp. - Key offerings
  • 12.7 Coty Inc. 
    • Exhibit 135: Coty Inc. - Overview
    • Exhibit 136: Coty Inc. - Business segments
    • Exhibit 137: Coty Inc. - Key offerings
    • Exhibit 138: Coty Inc. - Segment focus
  • 12.8 Groupe Clarins 
    • Exhibit 139: Groupe Clarins - Overview
    • Exhibit 140: Groupe Clarins - Product / Service
    • Exhibit 141: Groupe Clarins - Key offerings
  • 12.9 Himalaya Global Holdings Ltd. 
    • Exhibit 142: Himalaya Global Holdings Ltd. - Overview
    • Exhibit 143: Himalaya Global Holdings Ltd. - Product / Service
    • Exhibit 144: Himalaya Global Holdings Ltd. - Key offerings
  • 12.10 Johnson and Johnson 
    • Exhibit 145: Johnson and Johnson - Overview
    • Exhibit 146: Johnson and Johnson - Business segments
    • Exhibit 147: Johnson and Johnson - Key news
    • Exhibit 148: Johnson and Johnson - Key offerings
    • Exhibit 149: Johnson and Johnson - Segment focus
  • 12.11 Kao Corp. 
    • Exhibit 150: Kao Corp. - Overview
    • Exhibit 151: Kao Corp. - Business segments
    • Exhibit 152: Kao Corp. - Key offerings
    • Exhibit 153: Kao Corp. - Segment focus
  • 12.12 LOreal SA 
    • Exhibit 154: LOreal SA - Overview
    • Exhibit 155: LOreal SA - Business segments
    • Exhibit 156: LOreal SA - Key news
    • Exhibit 157: LOreal SA - Key offerings
    • Exhibit 158: LOreal SA - Segment focus
  • 12.13 Lotus Herbals Pvt. Ltd. 
    • Exhibit 159: Lotus Herbals Pvt. Ltd. - Overview
    • Exhibit 160: Lotus Herbals Pvt. Ltd. - Product / Service
    • Exhibit 161: Lotus Herbals Pvt. Ltd. - Key offerings
  • 12.14 Shiseido Co. Ltd. 
    • Exhibit 162: Shiseido Co. Ltd. - Overview
    • Exhibit 163: Shiseido Co. Ltd. - Product / Service
    • Exhibit 164: Shiseido Co. Ltd. - Key offerings
  • 12.15 The Estee Lauder Co. Inc. 
    • Exhibit 165: The Estee Lauder Co. Inc. - Overview
    • Exhibit 166: The Estee Lauder Co. Inc. - Product / Service
    • Exhibit 167: The Estee Lauder Co. Inc. - Key offerings
  • 12.16 The Procter and Gamble Co. 
    • Exhibit 168: The Procter and Gamble Co. - Overview
    • Exhibit 169: The Procter and Gamble Co. - Business segments
    • Exhibit 170: The Procter and Gamble Co. - Key news
    • Exhibit 171: The Procter and Gamble Co. - Key offerings
    • Exhibit 172: The Procter and Gamble Co. - Segment focus
  • 12.17 Unilever PLC 
    • Exhibit 173: Unilever PLC - Overview
    • Exhibit 174: Unilever PLC - Business segments
    • Exhibit 175: Unilever PLC - Key news
    • Exhibit 176: Unilever PLC - Key offerings
    • Exhibit 177: Unilever PLC - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 178: Inclusions checklist
    • Exhibit 179: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 180: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 181: Research methodology
    • Exhibit 182: Validation techniques employed for market sizing
    • Exhibit 183: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 184: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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