The Asia Pacific Cosmetics Face Serum Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
With age, the skin’s ability to retain moisture reduces and starts losing its firmness. Cosmetic face serum is derived from Hyaluronic Acid, known for its properties to help in restoring moisture, especially to dehydrated skin, hence gaining acceptance in this middle-aged population. Hyaluronic acid is a highly effective absorbent and can consequently draw in water, locking the required moisture.
Moreover, it can absorb up to 1000x its weight in water. By moisturizing the skin, it helps to plump and smooth the skin surface as well as helps in decreasing wrinkles and lines. Serum offers several anti-acne benefits, like opening the clogged skin pores, preventing acne, lessening inflammation, and replenishing the skin, further boosting the market growth.
However, as a growth restraint, the production cost of face serums is relatively high compared to other cosmetics. Also, the availability of alternate advanced beauty treatment alternatives, which include skin enhancement treatments, chemical peels, laser treatments, steroid usage in the form of injections, etc., might hinder the market growth throughout the forecast period.
Due to the growing per capita income, consumers are more unrestricted to spend on personal care and consumer goods. Moreover, Indian men are growing the market segment at a rapid pace. Men between 18 and 25 spend more money than women on grooming and personal care items. With numerous domestic and multinational labels in both regulated and unorganized market segments, the personal care industry in India is very competitive. The growth of the personal care drives the adoption and growth of the cosmetic face serum market in this region.
The China market dominated the Asia Pacific Cosmetics Face Serum Market by Country in 2021; thereby, achieving a market value of $395.3 million by 2028. The Japan market is registering a CAGR of 4.3% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 5.6% during (2022 - 2028).
Based on Gender, the market is segmented into Women, Men and Unisex. Based on Product Type, the market is segmented into Face Sunscreen Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Moisturizer Serum, Eye Serum, Face Self Tanning Serum and Others. Based on Application, the market is segmented into Households, Salons, Entertainment Industry and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/supermarkets, Specialty Stores, Online Retail and Others. Based on Price Point, the market is segmented into Economy, Medium and Premium. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cosmetics Face Serum Market is Projected to reach USD 4.6 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Procter & Gamble Company, L'Oreal Group, Beiersdorf AG, Kao Corporation, Estee Lauder Companies Inc., Shiseido Company, KOSE Corporation, Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.) and EMK Products, LLC.
By Gender
By Product Type
By Application
By Distribution Channel
By Price Point
By Country
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