Asia Pacific Facial Care Market Is Expected to Reach US$ 69.2 Billion at a CAGR of 7.2% By 2027 | L’Oreal S.A, Procter and Gamble Company (P&G), Estee Lauder Companies Inc., The Unilever Plc.,

Asia Pacific Facial Care Market Analysis

Facial care products like cleansers are utilized to rid the skin of pollutants, dirt and bacteria. Serum contains anti-aging and antioxidants ingredients like retinol and peptides that restore collagen production.

Asia Pacific Facial Care Market: Drivers

It is likely to focus increasingly on aesthetic appeal to drive the growth of Asia Pacific Facial Care market in the estimated period. For example, as per GlobalData’s 2018 survey, about 3/4th of South Korean men receive beauty or grooming treatments minimum once a week.

Furthermore, the increasing number of elder people is likely to help the market growth. For example, as per the United Nations Population Fund, the number of elderly people in Asia Pacific is likely to three-fold during 2010-2050 and reach 1.3 billion by 2050.

In 2019, China leads the Asia-Pacific facial care market with a market share of 31.0%, then Japan and Australia.

The size of the Asia Pacific facial care market was estimated to be accounted for US$ 39.7 Billion and during the forecast period (2020-2027) it is expected to witness a value of US$ 69.2 Billion with a CAGR of 7.2%.

Asia Pacific Facial Care Market: Restraints

High raw material prices are likely to hamper market growth. The raw materials utilized in the manufacture of facial care products specifically count emollients, cerebroside, salicylic acid, propylene glycol and castor oil. The high cost of these raw products obstructs the demand for the product and increases the cost of the final product.

Furthermore, the application of skin creams can cause aftereffects, which can also obstruct market growth. These aftereffects count stretch marks, blisters on the skin, thinning of the skin and peeling/itching/irritation/redness of the skin.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐆𝐞𝐭 𝐅𝐥𝐚𝐭 𝐔𝐒𝐃 𝟐𝟎𝟎𝟎 𝐎𝐅𝐅

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.coherentmarketinsights.com/promo/buynow/3911

Asia Pacific Facial Care Market: Opportunities 

Growing access to the Internet is likely to provide beneficial growth opportunities for key players in the Asia Pacific Facial Care market. For example, as per China’s government-backed Market Intelligence and Consulting Institute and China Internet Watch, in the first half of 2019 Internet access in China reached 61.2%, with 854 million Internet users by June 2019.

Furthermore, the arrival of new companies into the market is likely to help the market growth. For example, Ro, a direct-to-consumer virtual health startup, introduced the “Nightly Defense Skincare” in May 2020, a custom prescription skincare product based on lifestyle components, age and skincare goals.

Asia Pacific Facial Care Market: Key Takeaways

The key players in the market focus on promoting Zero West. For example, Cao Corporation introduced an initiative in March 2020 to phase out the use of striking plastic stickers on its product packaging to contribute to the realization of zero waste.

Key players in the market focus on funding environmental conservation activities. For example, KOSÉ Corporation announced the introduce of its Save the Blue project in the US, Indonesia, Malaysia, Singapore, Thailand, South Korea, Hong Kong, Taiwan, China and Japan in March 2019. In Japan, the company announced funding for environmental conservation activities for an area equal to the total surface area of ​​the bottom of the container of all eligible SEKKISEI products purchased by customers during the campaign.

𝐓𝐨 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐋𝐚𝐭𝐞𝐬𝐭 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 @ https://www.coherentmarketinsights.com/insight/request-sample/3911

Asia Pacific Facial Care Market: Key Developments

Key players in the market focus on introducing new products to enlarge their product portfolio. For example, Shiseido Co., Ltd introduced a new makeup collection worldwide in September 2018 in 88 countries and territories worldwide under the brand SHISEIDO.

Likewise, Cao Corporation introduced Curél Deep Moisture Spray, a new face and body moisturizing spray for sensitive and dry skin in April 2020.

Asia Pacific Facial Care Market: Segmentation

On the basis of Product type, the Asia Pacific Facial Care Market is segmented into:

• Skin whitening/lightening and anti-ageing creams
• Facial creams
• Face wash
• Cleansing wipes
• Serums and masks
• Others

On the basis of Consumer Group, the Asia Pacific Facial Care Market is segmented into:

• Men
• Women

On the basis of Distribution Channel, the Asia Pacific Facial Care Market is segmented into:

• Store-based retailing
• Non-store-based retailing

On the basis of Region, the Asia Pacific Facial Care Market is segmented into:

• China
• Japan
• India
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific

Asia Pacific Facial Care Market: Competitive Landscape

Key players performing in Asia Pacific facial care market are Kao Corporation, Kose Corporation, Johnson and Johnson Limited, Shiseido Co. Ltd., The Unilever Plc, Estee Lauder Companies Inc., Procter and Gamble Company (P&G), and L’Oreal S.A.