Global Cosmetics Face SerumMarket Size study&Forecast, byProduct Type (Eye Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Sunscreen Serum, Others), by Price Point (Premium, Medium, Economy), by Gender, by Application (Households, Salons, Enter

Global Cosmetics Face SerumMarket Size study&Forecast, byProduct Type (Eye Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Sunscreen Serum, Others), by Price Point (Premium, Medium, Economy), by Gender, by Application (Households, Salons, Entertainment Industry, Others), by Distribution Channeland Regional Analysis, 2023-2030

Global Cosmetics Face Serum Market is valued at approximately USD3.7 billion in 2022 andis anticipated to grow with a healthy growth rate of more than 4.8%duringthe forecast period 2023-2030.Cosmetic Face Serums are lightweight formulations that are designed to target specific skin concerns such as wrinkles, acne, blemishes and more. Face serums are more effective than any cream as it containconcentrated active compounds to treat various skin-related issues.The Global Cosmetic Face Serum Market is growing continuously due to factors such as rising focus on skincare, increasing expenditure in skincare and growing anti-aging concerns.

In the present scenario, rising income has ledto arapid increase in increasing expenditure onskincare and personal care products. According to Statista, in the year 2020, the total revenue generated through the skincare market stood at USD 90.76 billion globally. In 2023, it rose up to USD 108.9billion and it is projected to reach USD 130.3 billion by the year 2028. The continuous increase in the expenditure in the global Skincare and Personal Care Market has led to a simultaneous increase in the Global Cosmetic Face Serum Market as well. Moreover, customization in the formulation and rising demand for organic skincare are the opportunities for the Cosmetic Face Serum that lead to the market growth. However, rising competition and high cost of production hinder the growth of the Cosmetics Face Serum Market throughout the forecast period of 2023-2030.

The key regions considered for the Global Cosmetics Face Serum Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.North America dominated the market due to factors such as the rapid increase in the cases of skin-related issues, innovations in skincare formulations and high emphasis on beauty as well as personal care. Asia Pacific is expected to grow significantly overthe forecast period which is driven by factors such as a rising middle-class population, increasing disposable income and a growing focus on skincare and beauty.

Major market player included in this report are:
Chanel
Estee Lauder Companies, Inc.
Beiersdorf Ag
Kose Corporation
Procter & Gamble Co.
Philosophy Inc.
L’Oreal
Kao Corporation
EMK Products, LLC
Shiseido

Recent Developments in the Market:
 In August2020, Estée Lauder introduced a new Advanced Night Repair Synchronized Recovery Serum that claimed to minimize the appearance of blemishes and uneven skin tone by 50% in 4 weeks.
 In September 2020, Amway Indialaunched Artistry Signature Select Personalized Serumwhichprovidescustomized skincare products. This product is sold through Amway direct sellers and internet platforms.

Global Cosmetics Face Serum Market Report Scope:
 Historical Data –2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered –Product Type,Price Point, Gender, Application, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

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 incorporatespotential 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:

ByProduct Type:
Eye Serum
Blemish Treatment Serum
Acne Treatment Serum
Face Sunscreen Serum
Face Moisturizer Serum
Face Self Tanning Serum
Others

By Price Point:
Premium
Medium
Economy

By Gender:
Men
Women
Unisex

By Application:
Households
Salons
Entertainment Industry
Others

By Distribution Channel:
Hypermarkets/supermarkets
Specialty Stores
Online Retail
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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