PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334583
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334583
Global Face Mask Market is anticipated to grow with a healthy growth rate of more than 6.46% over the forecast period 2023-2030. A face mask is a skincare product applied to the face to improve the overall appearance and health of the skin. Unlike medical or protective masks, beauty face masks are not intended for respiratory protection but rather focus on nourishing and enhancing the skin's condition. Beauty face masks are typically left on the skin for a specified time, allowing the active ingredients to penetrate and address specific skincare concerns such as hydration, brightening, firming, soothing, or purifying the skin. They are commonly used as part of a skincare routine to provide a rejuvenating and relaxing experience while promoting a healthy and radiant complexion. The market drivers boosting the growth of face mask market are rising beauty and skincare market and disposable income.
According to Statista, the Beauty & Personal Care market is projected to reach a revenue of USD 579.20 billion in 2023, with an expected annual growth rate of 3.53% (CAGR 2023-2028). The largest segment within this market is Personal Care, accounting for a market volume of USD 253.30 billion in 2023. Online sales are anticipated to contribute 27.5% of the total revenue in the Beauty & Personal Care market by 2023. Moreover, rise in E-commerce and online platforms and product diversification and innovation in face masks is expected to create lucrative opportunities in the market. However, the intense competition from new entrants as well as established market players, skin sensitivity and allergies stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Face Mask Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of consumer face including both the United States and Canada, high disposable income, and significant emphasis on personal health and wellness. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as increasing credibility on social media and influencers who suggest face masks, rising e-commerce and online retailing and increasing influence of K-Beauty and J-Beauty trends.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable