Global Facial Skincare Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The factors that propel the growth of the Facial Skincare Market include ever-increasing demand, awareness among people, changing lifestyle, rapid urbanization & industrialization, rise in disposable income and technological innovations. In addition, other factors such as increasing geriatric population, rising pollution, growing necessity for maintaining younger and healthy skin, wide range of applications, easy availability of products and advertisements through social media.
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On the other hand, there are also factors that may hamper the growth of the market such as rising awareness of the possible side effects of chemical based skin care products. Facial Skincare Market is classified on the basis of product type, distribution channel and geography. Facial Skincare Market is classified on the basis of product type as cleansers, creams and moisturizers, facial wipes, masks, sunscreen and sun protection products, scrubs, and others.
The creams and moisturizers segment comprises moisturizing creams and lotions, eye creams, night creams, face serum, BB and CC creams, neck creams, lip balms and moisturizers, tinted moisturizers, and anti-aging creams. Among the product type, creams and moisturizers segment is projected to account a major share of the Facial Skincare Market. Facial Skincare Market is classified on the basis of distribution channel as department stores, hypermarkets, supermarkets, pharmacies & drugstores and specialist retailers.
Facial Skincare Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa.
In case of geographical region, Asia Pacific is expected to hold a large share of the Facial Skincare Market. The major factors that drive the growth of the market include changing standard of living, rise in disposable income and awareness among people. Some of the key players that fuel the growth of the Facial Skincare Industry include Estée Lauder, Shiseido, P&G, L'Oréal and Unilever. The other prominent players operating in the Facial Skincare Industry include Amore Pacific, Oriflame, Rachel K Cosmetics, Amway, Chanel, Mary Kay, Clarins Group, Nature Republic, Conair, Coty, Lotus Herbals, Missha, Revlon, Skin Food, The Face Shop and others.
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