The Asia Pacific Anti Stretch Mark Products Market would witness market growth of 5.90% CAGR during the forecast period (2021-2027).
The growth of the market would be driven by the rise in different types of obesity issues because of the adoption of unhealthy and sedentary lifestyles. One of the major growth factors of the market is the increasing number of skin concerns among pregnant women to remove stretch marks after the delivery. In addition, the outbreak of the COVID-19 pandemic has affected the beauty & personal care industry that consists of skincare, haircare, cosmetics, and personal care. This is because retail, as well as convenience stores, was remained closed due to the stringent COVID-19 regulations, and this result in declined sales of several stretch mark removal products in the worldwide market.
The increase in consumer spending is boosting the beauty and personal care market in the last couple of years. This trend is specifically evident among the millennial population that has highlighted the desire to reduce the aging process. Strong advertisements and marketing campaigns by the regional market have highly impacted the behavior of the consumers. In addition, the regional market would witness bright growth prospects due to a surge in preference and increased purchasing power to spend on beauty and cosmetic solutions including anti-stretch mark products.
The China market dominated the Asia Pacific Anti Stretch Mark Products Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $177.3 Million by 2027. The India market is exhibiting a CAGR of 6.8% during (2021 - 2027). Additionally, The Japan market would experience a CAGR of 6.9% during (2021 - 2027).
Based on Product, the Anti-Stretch Mark Products Market is segmented into Creams, Body Butter, Lotions, Serum, and Massage Oil. Based on Distribution Channel, the Anti-Stretch Mark Products Market is classified into Hypermarket & Supermarket, Pharmacy & Drug Stores, Specialty Store, Online, and Others. Based on countries, the market is segmented into China, India, Japan, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Anti Stretch Mark Products Market is Projected to reach USD 1,504.93 Million by 2027, at a CAGR of 5.17%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beiersdorf AG, L'Oreal Group, Estee Lauder Companies, Inc., The Clorox Company, The Himalaya Drug Company (Himalaya Global Holdings Ltd.), Clarins Group SA, Earth Mama Organics, Crown Laboratories, Inc., and Mustela (Laboratoires Expanscience)
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