PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401402
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401402
Global J-beauty Products Market is valued at approximately USD 33.11 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.9% over the forecast period 2023-2030. J-beauty Products Market is a Japanese based cosmetics market, especially used by women to enhance their skin with organic products. The J-beauty Products Market is expanding because of factors such as rising growth in product range and innovation of skin care products and increasing demand for organic products. However, restriction on international travel and high-cost raw material tends to lower the market.
The growth in innovation of skin care products increases its market and promotes the J-beauty products market to grow. As according to Statista 2023, the CAGR of skin care market for forecasted period is 3.64% and the revenue estimated by skin care market is USD 155.70 billion. According to revenue 2023 by Statista it is estimated that there is growth in concern of skin care mostly among females. Moreover, they are preferring products which are branded and organic. This rise in preference of females for branded and organic products is leading to rise in J-beauty product market. As according to Statista concern for organic and natural cosmetics are rising among people and the revenue in the natural Cosmetics market amounts to USD 0.90 billion in 2023 and the market is expected to grow annually by 3.52% (CAGR 2023-2028). With shift to organic products people now are also preferring to shop from online market and increasing innovation in beauty products further acts as an opportunity for this market to grow. According to Statista 2021 after pandemic there was a rise in e commerce, the e-commerce sales amounted to $792 billion in 2020 and it is still rising, as in 2022, retail e-commerce sales were estimated to exceed 5.7 trillion U.S. dollars worldwide (Statista 2023).
The key regions considered for the Global J-beauty Products Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 due to rise in the female population coupled with preference of women for organic skincare products is leading this market to grow in this region. Moreover, increase in key players in this region and change in lifestyle among population are another factor helping this market to grow in Asia pacific region. North America is expected to grow significantly over the forecast period, owing to factors such as the growing concern of females for health of their skin leads to females shifting to products manufactured by organic ingredients. Additionally. Increase in innovation in beauty products is encouraging and attracting consumers to buy more branded cosmetic products causing it increase in sales of J beauty Products Market in this region.
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