Cellulite Treatment Market Poised for Significant Growth due to Rising Awareness About Appearance Consciousness
Cellulite, which refers to fat deposits just below the skin that causes the formation of dimples and a wobbly or cottage cheese-like appearance of the skin, has long been considered an aesthetic problem. Cellulite treatments offer non-invasive and minimally-invasive procedures to reduce the appearance of cellulite. Some of the popular cellulite treatment options include cryotherapy, laser treatment, radiofrequency treatment, mechanical massage devices, topical products, and more. The global cellulite treatment market is estimated to be valued at US$ 2.15 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising awareness about appearance consciousness is a key driver driving the growth of the global cellulite treatment market over the forecast period. According to the American Society of Plastic Surgeons, people are increasingly conscious about their appearance and are opting for body slimming procedures. Additionally, growing influence of social media promoting body positivity and acceptance is also boosting the adoption of cellulite treatment procedures among individuals. Factors such as hectic lifestyles, lack of exercise, and poor eating habits contribute to excess weight gain and cellulite problems, thereby providing numerous opportunities for cellulite treatment market players especially in developing economies.
SWOT Analysis
Strength: Cellulite treatment market has a large target population suffering from cellulite issues globally which provides a strong business opportunity. Cellulite treatment devices and products have gained popularity due to minimal side effects and lesser recovery time. There has been significant technological advancement in cellulite treatment options like laser, radiofrequency, and ultrasound therapy providing effective results.
Weakness: High cost of cellulite treatment procedures limits their adoption. Some cellulite treatment options require multiple sessions which increases the overall cost burden on consumers. Certain cellulite treatment methods have potential side effects like bruising, swelling and pain limiting their popularity.
Opportunity: Growing awareness about body positivity and physical appearance is driving demand for non-invasive and minimally invasive cellulite treatment solutions. Increase in disposable income in developing regions provides scope for market expansion. Untapped rural areas in developing markets have potential for future growth.
Threats: Alternative treatment options like exercises, massages provide cheap substitutes limiting the market potential.Stringent regulations over marketing and promotion of cellulite treatment products and devices can negatively impact business prospects.
Key Takeaways
The global Cellulite Treatment Market Share is expected to witness high growth over the forecast period owing to increasing consumer spending on aesthetic procedures and growing obesity rates.
Regional analysis: The Asia Pacific region is projected to record the fastest CAGR during the forecast period. This can be attributed to increasing obesity rates particularly in countries like China and India and growth in medical tourism industry. Growing cosmetic consciousness among middle class population provides growth opportunities. Presence of leading global players expanding in Asia through partnerships and joint ventures also supports the market growth.
Key players operating in the cellulite treatment market are Kellogg Co., General Mills, PepsiCo., Cereal Partners Worldwide (CPW), Post Holdings, and The Weetabix Food Company. These companies provide a variety of devices, systems and formulations for cellulite treatment. They undertake new product launches, partnerships and mergers to strengthen their business position.
For more insights, read- https://www.pressreleasebulletin.com/cellulite-treatment-market-trends-size-and-share-analysis/
For more details on the report, Read- https://careersplay.com/halal-food-gastronomy-weaving-stories-of-culture-community-and-culinary-blissCellulite Treatment Market Poised for Significant Growth due to Rising Awareness About Appearance Consciousness
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