“Global Pore Strips Market to reach a market value of USD 2.7 Billion by 2031 growing at a CAGR of 6.3%”
The Global Pore Strips Market size is expected to reach $2.7 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,84,871.7 thousand units (Pack of 10), experiencing a growth of 15.0% (2020-2023).
Hypermarkets & supermarkets typically carry a wide range of skincare products, including pore strips from various brands and formulations. Thus, the Hypermarkets & supermarkets segment captured 27.3% revenue share in the market 2023. This variety allows consumers to compare options and choose which suit their skincare needs and preferences. Hypermarkets & supermarkets often run promotional activities such as discounts, special offers, and product demonstrations to attract customers and drive sales.
Beauty influencers and social media platforms have significantly increased the visibility and awareness of skincare products, including it. Influencers often incorporate pore strips into their skincare routines and share their experiences with their followers, increasing awareness and interest in the product.
Additionally, Pore strip manufacturers can capitalize on this by developing advanced formulations, ingredients, and technology that offer superior pore-cleansing benefits and appeal to consumers seeking the latest skincare trends. Hence, higher levels of disposable income have been a pivotal factor in driving the growth of the market.
However, Regulatory authorities often impose strict regulations on the ingredients used in skincare products, including it. Certain ingredients commonly found in pore strips, such as adhesives and active agents, may be subject to restrictions or require extensive testing for safety and efficacy. Thus, regulatory compliance can slow down the growth of the market.
On the basis of ingredients, the market is bifurcated into charcoal and non charcoal. In 2023, the non charcoal segment held 77.7% revenue share in the market. Non charcoal incorporate many ingredients, such as tea tree oil, witch hazel, salicylic acid, aloe vera, and fruit extracts.
Based on distribution channel, the market is categorized into online stores, hypermarket & supermarket, convenience stores, independent retailers, and others. The convenience stores segment procured 19.8% revenue share in market in 2023. In terms of volume the convenience store segment attained a volume of 27,125.0 thousand units (pack of 10) in the market 2021. Convenience stores are known for their impulse-driven sales, with consumers making spontaneous purchases while shopping for other items.
By end user, the market is segmented into salon and home. In 2023, the home segment dominated the market with 66.6% revenue share. Home skincare treatments are often more affordable than professional salons, making them accessible to a broader range of consumers.
Free Valuable Insights: Global Pore Strips Market size to reach USD 2.7 Billion by 2031
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region acquired 27.1% revenue share in the market. Beauty trends, particularly those popularized on social media platforms, have contributed to North America's rising popularity of pore strips.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.6 Billion |
| Market size forecast in 2031 | USD 2.7 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 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 333 |
| Number of Tables | 690 |
| 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 | Ingredients, Distribution Channel, End User, Region |
| Country scope |
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| Companies Included | Tonymoly Co., Ltd., Kao Corporation, Boscia, LLC (FANCL Corporation), Pacifica Beauty LLC, Ulta Beauty, Inc., Earth Therapeutics Ltd., Sephora SA (LVMH Moët Hennessy Louis Vuitton), L'Oréal S.A., Unilever PLC, COSRX Inc. (Amorepacific Corporation) |
By Ingredients (Volume, Thousand Units (Pack of 10), USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units (Pack of 10), USD Billion, 2020-2031)
By End User (Volume, Thousand Units (Pack of 10), USD Billion, 2020-2031)
By Geography (Volume, Thousand Units (Pack of 10), USD Billion, 2020-2031)
The Market size is projected to reach USD 2.7 billion by 2031.
Higher level of disposable income are driving the Market in coming years, however, Significant regulatory compliance challenges restraints the growth of the Market.
Tonymoly Co., Ltd., Kao Corporation, Boscia, LLC (FANCL Corporation), Pacifica Beauty LLC, Ulta Beauty, Inc., Earth Therapeutics Ltd., Sephora SA (LVMH Moët Hennessy Louis Vuitton), L'Oréal S.A., Unilever PLC, COSRX Inc. (Amorepacific Corporation)
In the year 2023, the market attained a volume of 1,84,871.7 thousand units (Pack of 10), experiencing a growth of 15.0% (2020-2023).
The Online Stores segment is leading the Market by Distribution Channel in 2023; thereby, achieving a market value of $870.9 million by 2031.
The Asia Pacific 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 billion by 2031.
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