The toner is used to remove excessive traces of makeup or other residue from the skin and to restore the natural pH balance of the skin. Face masks are used to hydrate, dry or lighten the skin. These masks are available for all skin types.
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Asia Pacific Facial Care Market: Drivers
The launch of new products will accelerate the growth of the Asia-Pacific face care market over the estimated period. For example, South Korean company Amorepacic launched the Sienu brand in May 2020 with a time brace line, a line of six anti-aging skin care products.
Asia Pacific Facial Care Market: Opportunities
Focusing on the aesthetic appeal of East Asian men is likely to provide beneficial growth opportunities for face care market players in Asia Pacific. This can be attributed to changing cultural attitudes towards male beauty and increasing disposable income. For example, according to data from the government of the Republic of Korea, the average monthly household income in South Korea in the fourth quarter of 2019 was US$3,900, an increase of 3.6% in the fourth quarter of 2018.
Asia Pacific Facial Care Market: Constraints
Product recall is likely to hamper market growth. For example, Yes To Inc. is voluntarily recalling the Grapefruit Vitamin C Glow Boosting Unicorn Paper Mask in January 2020 in response to complaints of skin irritation and redness.
Asia Pacific Facial Care Market: Key Takeaways:
The Asia-Pacific face care market size has been estimated at US$39.7 billion and over the forecast period (2020-2027) it is expected to reach a value of US$69.2 billion with a CAGR of 7.2%. The estimated period is likely to increasingly focus on the aesthetic appeal of the Asia-Pacific population.
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In 2019, the skin lightening/brightening and anti-aging creams segment is leading the facial care market in Asia-Pacific with a share of 39.9% by value. The increase in product launches during the estimated period is likely to increase the segment during the estimated period.
Asia Pacific Facial Care Market: Market Trends
The major players in the market are focusing on introducing new products to expand their product portfolio. For example, Shiseido Co., Ltd launched a new makeup collection worldwide in September 2018 in 88 countries and territories around the world under the SHISEIDO brand.
The major players in the market are focusing on introducing new products to expand their product portfolio. For example, KOSÉ Corporation launched AQ MELIORITY, an aging car manufacturing brand DECORTÉ in September 2019, in Canada, USA, Italy, Spain, UK, France, Malaysia, Thailand, in Singapore, South Korea, Taiwan, Hong Kong, China and Japan.
Asia Pacific Facial Care Market: Key Developments
- October 2019: The Unilever brand, Dove, launches new initiatives and impact figures to accelerate progress in the fight against plastic waste in the beauty industry.
- November 2019: Shiseido Company, Ltd. has completed the construction of a nasal plant in Ohtawara City, Tochigi Prefecture, Japan, as a production facility for mid to high cost skin care products.
Asia Pacific Facial Care Market: Competitive Landscape
Key Players in Asia-Pacific Facial Care Market are Kao Corporation, Kose Corporation, Johnson and Johnson Limited, Shiseido Co. Ltd., The Unilever Plc, Estee Lauder Companies Inc., Procter and Gamble Company (P&G) and L’Oréal SA
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Contents
Chapter 1 Industry overview
1.1 Definition
1.2 Assumptions
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Asia-Pacific Face Care Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Face Care Industry in Asia Pacific
Chapter 2 Asia-Pacific face care competition by types, applications, and top regions and countries
2.1 Asia Pacific Face Care (Volume and Value) by Type
2.3 Asia Pacific Face Care (Volume and Value) by Regions
chapter 3 Generation market analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Asia-Pacific Face Care Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 Company profiles and key figures in the Asia-Pacific facial care industry
Chapter 6 Asia-Pacific face care market Forecast (2022-2028)
Chapter 7 conclusion
Research Methodology
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