Facewash Market To Reach USD 23.09 Billion By 2028: Reports and Data
The global facewash market size is expected to reach USD 45.34 Billion in 2030 and register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data. Rising disposable income, increasing preference of different age groups to look youthful and benefits of the natural components present in facewash is expected to drive market revenue growth.
Higher spending on personal care is increasing the demand for facewash. Essential ingredients in facewash help to prevent different skin problems accordingly. However, using facewash too frequently can be harmful to the skin and may cause skin irritation as well. Facewash has ingredients such as retinol for reducing wrinkles, hyaluronic acid for hydrating skin, peptides for making the skin firm, salicylic acid for preventing acne, and vitamin C for glowing skin ceramides and locking moisture in the skin, and many more that are driving demand for facewash in the market. Also, the presence of other essential mint oils, vitamins, and natural ingredients such as aloe vera, neem, and turmeric make facewash more effective and useful to consumers, which drives revenue growth of the market.
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Market Dynamics:
The global Facewash market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant-based food products. Moreover, rising health-conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.
Competitive Landscape:
The research report offers details about leading companies in the global Facewash market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
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Major Companies:
· Unilever,
· Procter & Gamble,
· L'Oréal,
· Johnson & Johnson Services, Inc.,
· Henkel AG & Co. KGaA,
· Himalaya Wellness,
· Beiersdorf Global,
· Godrej Consumer Products Limited,
· Shiseido Company Limited,
· OEM/ODM Global Cosmetics.
Market Segmentation:
The report also sheds light on the market segmentation based on type, application and region:
By Product Form Outlook
- Gel
- Cream
- Powder
- Foam
- Liquid
- Collagen Based
- Others
By Product Type Outlook
- Dry
- Oily
- Acne-Prone
- Normal
- Sensitive
- Others
By Size Outlook
- Less than 50 ml
- 50–200 ml
- 200-400 ml
- Others
By Price Point Outlook
- Premium
- Medium
- Economy
By Application Outlook
- Households
- Salons
- Entertainment Industry
- Spas
- Others
By End-Use Outlook
- Men,
- Women
- Kids
By Distribution Channel Outlook
- Supermarkets
- Convenient Stores
- Pharmacy and Drug Stores
- Online Retail
- Others
Facewash Market Segmentation based on Regions:
North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Benelux
o Rest of Europe
· Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
· Latin America
o Brazil
o Rest of Latin America
· Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of Middle East & Africa
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