“Global Micellar Water Market to reach a market value of USD 4.8 Billion by 2031 growing at a CAGR of 6.3%”
The Global Micellar Water Market size is expected to reach $4.8 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period.
As an increasing number of individuals employ digital platforms to acquire personal care and cosmetic products, the convenience of online purchasing has become more significant. This shift towards e-commerce has allowed consumers to explore and purchase micellar water products from a broader range of brands, including international options that may not be available in local stores. Thus, the Online Segment captured the $549.5 million revenue in 2023.
Double cleansing has gained significant traction in the skincare world, particularly due to its origins in Korean skincare routines, which have become globally influential. Double cleansing is a two-step process that uses an oil-based cleanser to dissolve makeup, sunscreen, and excess sebum. After this, a water-based cleanser removes residual impurities like sweat and dirt. This method ensures the skin is thoroughly cleansed without being stripped of its natural moisture, providing a clean and balanced canvas for subsequent skincare steps. Hence, this trend is expected to continue as more people recognize the benefits of double cleansing and seek out products like this water that align with this effective skincare approach.
Additionally, Companies are continuously introducing new formulations tailored to specific skin concerns. These innovations cater to diverse consumer needs, such as hydration, anti-aging, and acne treatment, allowing brands to differentiate themselves in a competitive market. By offering specialized solutions, these organizations can attract a broader audience and maintain consumer interest in this water category. Therefore, the continuous development of innovative products drives the expansion of the market.
The skincare industry has seen a significant rise in the popularity of multi-functional products, which combine several benefits into a single formulation. These all-in-one products often serve multiple purposes, such as cleansing, toning, moisturizing, and even exfoliating the skin. This trend towards multifunctionality is driven by the growing consumer desire for convenience, efficiency, and value in skincare routines. Hence, the rise of multi-functional skincare products is a significant factor hampering the growth of this market.
On the basis of distribution channel, the micellar water market is classified into hypermarkets & supermarkets, specialty stores, pharmacies & drugstores, online, and others. The specialty stores segment recorded 25% revenue share in the micellar water market in 2023. Specialty stores, which focus on beauty and personal care products, attract consumers seeking expert advice, personalized service, and access to a curated selection of high-quality and niche products. These stores often carry premium and specialized micellar water formulations that cater to specific skin types and concerns, appealing to particular consumers about their skincare regimen and willing to invest in superior products.
Based on application, the micellar water market is bifurcated into men and women. The men segment procured 38% revenue share in the micellar water market in 2023. The growing focus on skincare among men has increased interest in products that are easy to use and fit seamlessly into their daily routines. This water's convenience and effectiveness have made it an appealing option for men, particularly those who prefer a straightforward approach to skincare.
Free Valuable Insights: Global Micellar Water Market size to reach USD 4.8 Billion by 2031
Region-wise, the micellar water market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 27% revenue share in the micellar water market in 2023. This region's beauty and personal care industry is characterized by its rapid growth, fueled by a strong cultural emphasis on hygiene, increasing urbanization, and rising disposable incomes. Countries such as China, Japan, and South Korea are key contributors to the growth of the micellar water market in the Asia Pacific, where consumers are highly knowledgeable about skincare and often prioritize products that offer both efficacy and gentleness.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 3 Billion |
| Market size forecast in 2031 | USD 4.8 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.3% from 2024 to 2031 |
| Number of Pages | 187 |
| Number of Tables | 270 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Distribution Channel, Application, Region |
| Country scope |
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| Companies Included | L'Oréal S.A., Pacifica Beauty LLC, Unilever PLC, Kao Corporation, NAOS, The Estee Lauder Companies, Inc., Johnson & Johnson, Pierre Fabre S.A, Avon Products, Inc. (Natura &Co Holding S.A.), Amway Corporation |
By Application
By Distribution Channel
By Geography
This Market size is expected to reach $4.8 billion by 2031.
Growing Awareness Of Double Cleansing are driving the Market in coming years, however, Competition From Multipurpose Products restraints the growth of the Market.
L'Oréal S.A., Pacifica Beauty LLC, Unilever PLC, Kao Corporation, NAOS, The Estee Lauder Companies, Inc., Johnson & Johnson, Pierre Fabre S.A, Avon Products, Inc. (Natura &Co Holding S.A.), Amway Corporation
The expected CAGR of this Market is 6.3% from 2024 to 2031.
The Women segment captured the maximum revenue in the Market by Application in 2023, thereby, achieving a market value of $2.9 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.7 billion by 2031.
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