Face Masks and Peels Market size to grow by USD 5.46 billion | Driven by product innovation and product line extension | Technavio

NEW YORK, April 4, 2022 /PRNewswire/ -- he global face masks and peels market size is expected to increase by USD 5.46 billion between 2021 and 2026, expanding at a CAGR of 6.07% during the forecast period. Technavio expects the market to observe substantial growth in APAC. The growing concerns over personal hygiene and wellness among consumers have increased the demand for facial skin care products such as face masks and peels in the region. Also, the rising demand for anti-aging skincare products is creating several growth opportunities for market players.

Technavio has announced its latest market research report titled Face Masks and Peels Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2022-2026

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The market is driven by product innovation and product line extension leading to product premiumization. In addition, the increase in demand for organic and natural masks and peels is anticipated to boost the growth of the face masks and peels market.

Consumers are increasing their preference for facial skin care products that take care of multiple skin concerns. To meet the evolving demands of consumers, manufacturers of skin care products are focusing on introducing innovative products and expanding their existing product lines. They are investing in high-quality ingredients in their products to enhance the health and appearance of facial skin. These products are priced higher than regular facial skincare products and are placed in the premium product category, which is helping vendors to increase their profit margins. This trend among vendors is expected to fuel the growth of the global face masks and peels market during the forecast period.

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Major companies in the face masks and peels market and their offerings:

Beardo: The company is involved in offering a wide range of organometallics such as aluminum alkyls, magnesium alkyls among others used in a variety of applications such as making polyethylene packaging and toys, pharmaceuticals, and electronic devices, etc.

Beiersdorf Aktiengesellschaft: The company is involved in offering a wide range of organometallics such as aluminum, hafnium among others which are used in both stoichiometrically in research and chemical reactions.

Boots UK Ltd.: The company offers services such as custom synthesis, toll manufacturing, chemical process development, concept validation, liquid storage, supply chain solutions, and others.

Clarins Pte Ltd.: The company is involved in offering adsorbent and catalyst support media which offer combination of high internal porosity and external void space for creating high void space to remove particulates, scales, and other contaminants.

Face Masks and Peels Market: Segmentation Analysis

The 120-pages report segments the face masks and peels market by product (face masks and face peels), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Face Masks and Peels Market Product Outlook (Revenue, USD Billion, 2021-2026)

  • Face masks - size and forecast 2021-2026
  • Face peels - size and forecast 2021-2026

Face masks accounted for maximum sales in the market in 2021. The segment is driven by the increased use of face masks to treat various skin-related problems. The market growth in the segment will be significant over the forecast period.

Face Masks and Peels Market Distribution Channel Outlook (Revenue, USD Billion, 2021-2026)

  • Offline - size and forecast 2021-2026
  • Online - size and forecast 2021-2026

The offline segment generated significant revenue in the market in 2021. The expansion of specialty stores, hypermarkets, supermarkets, and convenience stores that offer facial masks and peels are driving the growth of the segment.

Face Masks and Peels Market Geography Outlook (Revenue, USD Billion, 2021-2026)

  • APAC - size and forecast 2021-2026
  • North America - size and forecast 2021-2026
  • Europe - size and forecast 2021-2026
  • South America - size and forecast 2021-2026
  • Middle East and Africa - size and forecast 2021-2026

APAC will have the largest share of the market. The region currently holds 48% of the global market share. The rising trend of safe personal grooming products of superior quality has been crucial in driving the growth of the regional market. In addition, the growing middle-class segment and expanding geriatric population will have a positive impact on the growth of the face masks and peels market in APAC.

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Face Masks and Peels Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.07%

Market growth 2022-2026

USD 5.46 billion

Market structure

Fragmented

YoY growth (%)

4.71

Regional analysis

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

Performing market contribution

APAC at 48%

Key consumer countries

US, China, Japan, Australia, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Beardo, Beiersdorf Aktiengesellschaft, Boots UK Ltd., Clarins Pte Ltd., Himalaya Global Holdings Ltd., LOreal SA, Marico Ltd., Natura and Co. Holding S.A., O3+, The Estee Lauder Companies, Unilever PLC, Zydus Wellness Ltd., Amerimark Direct LLC, Eminence Organic Skin Care, and Shiseido Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, 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:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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