Facial Care Market (By Product Type - Skin Whitening/ Lightening and Anti-Ageing, Facial Creams, Face Wash, Cleansing Wipes, Serums and Masks and Others (fade creams, pore strips and toners)- Asia-Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Albany, NY -- (SBWIRE) -- 03/30/2016 -- Transparency Market Research (TMR) has announced the addition of a new report, titled "Facial Care Market - Asia-Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019". According to the report, the Asia Pacific facial care products market is projected to expand at a CAGR of 6.90% during the forecast period from 2013 to 2019. By the end of 2019, the Asia Pacific facial care products market is expected to be worth more than US$39.7 bn.
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At present, the facial care sector comprises almost 70% of the Asia Pacific skin care market. The facial care sector is projected to grow exponentially in the foreseeable future in Asia Pacific. The Asia Pacific facial care products market is driven by the high demand for fairness products. In addition to this, the Asia Pacific facial care products market will also benefit from the widening scope of distribution channels and the increasing popularity of multi-functional products. The rising preference of consumers to shopping online for skin care products is also driving the Asia Pacific facial care products. Nevertheless, the volatility of raw material supply will suppress this market in the coming few years.
By product type, the Asia Pacific facial care products market is divided into serums and masks, cleaning wipes, face wash, facial creams, skin lightening/whitening and anti-aging creams, and others such as pore strips, fade creams, and toners. Revenue-wise, the product segment of skin lightening/whitening and anti-aging creams dominated the Asia Pacific facial care products market in 2012 with a share of 35.7%. The demand for skin whitening and anti-aging creams has grown substantially in the past few years.
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On the basis of consumer group, the Asia Pacific facial care products market is segmented into women and men. According to distribution channel, the Asia Pacific facial care products market is classified into store-based and non-store-based. Country-wise, the Asia Pacific facial care products market is divided into China, Japan, Thailand, South Korea, Hong Kong, Malaysia, Indonesia, India, and Oceania (New Zealand and Australia). Presently, China dominates the Asia Pacific facial care products market, followed by Japan and India. The majority of consumers from China prefer Western luxury brands. Furthermore, the large youthful beauty-driven consumer demographic of this nation is also fuelling demand for facial care products.
Key players in the Asia Pacific facial care products market are adopting several strategies in order to create a powerful sales network across this regional market. Companies in the Asia Pacific facial care market are increasingly implementing tactics and plans that would help them capitalize on the growing business opportunities in the Asia Pacific facial care products market, especially in India, China, Japan, and South Korea.
Players in the Asia Pacific facial care products market will also benefit from the elevated demand for men's grooming products and the accelerating demand for online shopping. Some of the key players operating in the Asia Pacific facial care products market are L'Oreal, Procter and Gamble, Kose Corporation, Johnson and Johnson Limited, Estee Lauder Companies Inc., and Hindustan Unilever.
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