The facial and Body care Market has been driven by the increase in awareness among people in regard to the importance of personal grooming. People got aware of the necessity to nourish their skin in order to reduce dark spots, pigmentation, acne, and dullness and enhance the texture of their skin. Due to continuous exposure to the sun, the market is being driven by the increase in demand for sunscreen as people are getting aware of the harmful waves of the sun. There is a need to enlarge the market as people are getting aware of the importance of skin care in their daily routines. They are making it a necessary part of their daily routine in order to make their skin look good. There is a need to enhance the quality of products so that people are able to use them without any risk and these products do not cause any harm to them.
Facial and Body Care Market has a few amazing benefits as it helps to keep your skin in good and better condition. It helps to save your skin from a harmful environment like the heat waves of the sun. It helps to kill dead cells and improves the circulation of blood which makes you look more attractive. It makes your skin glow. Facial and Body Care is a way to keep your face, body and its features like skin, lashes, eyes, and lips maintained so that they look youthful and attractive. It also helps to nourish the skin and exfoliate it from the harmful heat waves from the sun.
In 2021, the size of the market of Facial and Body Care Market is USD 130.52 Billion whereas it has been predicted that the size of the market of Facial and Body Care Market by 2031 will be USD 289.61 Billion and the expected Compound Annual Growth Rate (CAGR) is 4.71% in the upcoming years of the forecast period.
There are some limitations for the Facial and Body Care market such as the excessive use of skin care products can lead to damage to the skin like irritation, burning sensation, redness, rapid aging, and more. The use of non-brand products can also cause damage to the skin due to the chemicals used in the production of that product. There are chances that few products do not suit the type of skin.
The study report gives an analysis with full details of various leading Facial and Body Care Market vendors, which involve Loreal S.A., Shiseido co., Unilever, Coty Inc., Revlon, Beiersdorf AG, Procter and Gamble, Johnson and Johnson Co., Avon Products, Colgate- Palmolive Company, and more. Likewise, the research study of the Facial and Body Care Market contains details on trends that are upcoming, opportunities, scope, and extortions that will hamper the procedure of the market or firm. This research study is full of data and information in order to give sustenance to firms to misuse and strategize on any upcoming opportunities which are linked to the growth of the market.
Facial and Body Care Market by Application (Female Segment)
Based on the Application, it is expected that the segment of females held a major part of the market as women prefer personal grooming which is on regular basis to be confident about their personality. They find skincare a way to get relief from stress. They make use of creams, peels, serums, scrubs, and powders in order to nourish and enhance their skin texture.
Facial and Body Care Market by Type (Face Creams and Moisturizers Segment)
Based on Type, it has been analyzed that the segment of face creams and moisturizers hold a major part of the market and they will continue to grow in the upcoming years of the forecast period as they are regularly used by people. People prefer these more over anything else as they provide hydration to the skin and keep them safe from dryness. Also, it is expected that the segment of shaving lotion will grow in the upcoming years of the forecast period as people are shifting to the corporate sector and they prefer personal grooming on a regular basis.
Facial and Body Care Market based on Distribution Channel (Supermarkets and Hypermarkets Segment)
Based on Distribution Channel, it has been analyzed that the segment of supermarkets and hypermarkets hold a major part of the market. They are rising as they provide products to customers at a low price, have higher availability of brands that are international, and provide a variety of products to select. It is expected that the segment of convenience stores will rise in the upcoming years of the forecast period as they make the products available on regular basis.
Facial and Body Care Market based on Region
Evaluation has been done and it is stated that Asia- pacific region holds the major part of the market and is expected to grow in the upcoming years of the forecast period. There is an expansion of chemical industries in China and India which provide raw materials to the industries in Asia- the Pacific region which is a positive sign for the Facial and Body Care Market. It is also expected that the region of North America will also rise in the upcoming years of the forecast period.
Covid-19 Impact & Market Status
It has been observed that COVID- 19 had a huge effect on all the markets and it even affected the behavior of the consumer on the basis of the whole world. Likewise, COVID-19 had an influence on the Facial and Boady Care market. Due to the lockdown on a global basis, there was an overall decline in the market as the stores related to beauty and cosmetics products were shut down. As these products were not included in the list of necessary products so there was no or less supply of these products which hampered the growth of the market on a large scale.
Latest Innovations in the Facial and Body Care Market: A Snapshot
• In December 2019, there was an announcement of the launch of a new product by e’quipe which is a subsidiary of Kao Corporation. The new product was named as ‘athletia’.
• In January 2020, there was an announcement of the acquisition of Procter and Gamble with Billie Inc in order to make the range of products of Procter and Gamble more strengthening.
The aim of trade research analysis is to provide lessons that are reliable and trustworthy on the Facial and Body Care Market. Data that is complex has been identified by the research study and it also demonstrates the prevailing and historical state of the industry along with market drifts which are expected and expected size of the market. All the descriptions of the sector have been recognized by the reported study which also includes leaders of the market, investors, customers, and new entrants.
Facial and Body Care Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 289.61 Bn|
|Growth Rate||CAGR of 4.71 % during 2021-2031|
|Segment Covered||Type, Application, by Distribution Channel , Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||PRITECH, Drybar, Phillips, Revlon, Inc., LLC, Shenzhen Mesky Technology Ltd., L’Oréal S.A., Spectrum Brands, Inc., Conair Corporation, and Procter and Gamble. Others|
Key Segments of the Facial and Body Care Market
By Type Overview, (USD Billion)
- Facial Cleanser
- Facial Moisturizer
- Shower Gel
By Application Overview, (USD Billion)
By End User Overview, (USD Billion)
By Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific