About Facial Care Products
Facial care products include day creams, night creams, masks, serums, cleansers, and toners. These products are used to enhance the skin quality, rejuvenate the cells, prevent wrinkles, and brighten the skin. Modern-day lifestyle changes such as physical inactivity, stress, lack of sleep, excess fast food consumption, and limited water intake are leading to a growing number of skin-related issues like acne, dark circles, and dark spots. Therefore, the demand for products that cater specifically to such issues is increasing, and vendors are focusing on developing products that target specific issues.
Technavio’s analysts forecast the global facial care products market to grow at a CAGR of 4.55% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global facial care products market for 2016-2020. To calculate the market's size, the report considers revenue generated from the sales of facial care products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Facial Care Products Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Facial Care Products Market: Estée Lauder, L'Oreal, Procter & Gamble (P&G), Shiseido, and Unilever.
Other Prominent Vendors in the market are: AMOREPACIFIC, Amway, Chanel, Clarins Group, Conair, Coty, Lotus Herbals, Mary Kay, Missha, Nature Republic, Oriflame, Rachel K Cosmetics, Revlon, Skin Food, and The Face Shop.
Commenting on the report, an analyst from Technavio’s team said: “Vendors operating in the global facial care products market are increasingly introducing trade offers for consumers to encourage sales of facial care products. These trade offers also act as marketing and promotional initiatives and will further propel market growth through the online channel. Although brick-and-mortar retailing remains the key channel for the sales of facial care products, Internet retailing will also grow rapidly over the forecast period. In terms of distribution of these products, online retailing will be one of the fastest growing channels between 2015 and 2018. Small and local vendors are finding success in reaching premium customers by making their products available online and thus available on a national scale.”
According to the report, owing to the extensive use of such harmful chemicals in synthetic personal care products, including facial care products, and the harmful effects of these ingredients on the environment, the concern for environmental preservation has been increasing over the past decade. Consumers have started demanding products that have sustainably sourced ingredients that are harvested ethically without the use of pesticides and other chemicals. Thus, the growing concerns about the environment and the demand for natural and organic facial care products are leading vendors to invest in green chemistry while manufacturing their products, which will lead to advances in facial care product formulations and new product innovations over the next five years.
Further, the report states that the availability of cheaper counterfeit products can, however, present a challenge that has the potential to limit the growth of the market during the forecast period.
Estée Lauder, L'Oreal, Procter & Gamble (P&G), Shiseido, Unilever, AMOREPACIFIC, Amway, Chanel, Clarins Group, Conair, Coty, Lotus Herbals, Mary Kay, Missha, Nature Republic, Oriflame, Rachel K Cosmetics, Revlon, Skin Food, The Face Shop.