Pore Strips Market Set to Witness an Uptick during 2019 to 2025
The global pore
strips market is expected to reach USD
4.13 billion by 2025,
registering a CAGR of 7.6% over the
forecasted period, according to a new report by Grand View Research, Inc. The
growing fashion consciousness coupled with increasing pollution level leading
to facial skin problems is driving the product demand.
On the basis of ingredients, charcoal
held the leading market share of 39.18% in 2018. The ingredient is perceived to
have qualities of removing dirt and impurities and it can exfoliate the skin by
removing oils, driving the adoption of the ingredient. Apart from charcoal, tea
tree oil is expected to register the fastest CAGR of 9.3% over the forecast
period. The natural benefits of the product that soothe the skin and cure
itching and dryness is anticipated to fuel the demand.
P&G, Kao Corporation, Walgreen Co., Lucky
Fine, Boscia, Ulta Beauty, Earth Therapeutics, Sephora and Boots are some of the major market players. The
main aim of these manufacturers is to increase the quality and effectiveness of
the product. The main aim of these manufacturers is to increase the quality and
effectiveness of the product. The industry poses moderate to low entry barriers
due to the presence of a large number of unstructured and local players in
various regions. The product is niche and thus the marketers focus on grabbing
consumer attention through various means of advertisements and promotional
campaigns. For instance, some companies distribute these strips to the fashion
bloggers and reputed salons to use and advertise.
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Furthermore, increasing cosmetic demand due to
change in trends of grooming in both gender types are expected to drive the
market The hectic schedules of young population and the time required for deep
skin treatments are driving the market positively. The cost for skin treatments
is comparatively high in beauty salons and dermatologists, thus the consumers
looking for cost-effective solutions opt for options like pore strips. Growing
pollution level has led to increase in dirt and impurities in the skin, which
is creating a rise in demand for the product.
Further key finding from the report
suggests:
·
In terms of revenue, tea-tree
oil ingredient segment is projected to ascend at a CAGR of 9.3% during the forecast
period.
·
Countries such as Brazil, which
has hot and humid climate and is facing the problem of a rise in pollution, is
projected to register the faster CAGR due to increasing product demand
·
Salon end use segment in the
pore strips market is anticipated to register a rapid CAGR of 7.8% in the
forthcoming years
Face washes are not effective for
immediate results, thus consumer preference towards pore strips is likely to
increase as they are helpful in purifying and exfoliating the skin immediately.
These products are capable of removing blackheads and making the skin smooth by
removing oils. These benefits of the product are anticipated to bode well for
market growth over the forecast period.
However, the adhesives in the pore
strips can led to bad impact on the skin. One of the major problems with using
the product is that it can leave the area red or cause irritation. According to
various skin experts, no matter how carefully you pull off the strips, they
cause damage the first layer of skin, leading to irritation red spots from time
to time. Regular use of the product can damage skin and can led to other skin
problems. It does not remove the blackhead permanently and only removes the top
of the blackheads. All these factors are projected restrain the market to an
extent in the long run.
Browse Press
Release of this report:
On the basis of end use, the pore strips market is
segmented into salon and homes. The home segment led with a market share of
59.53% in 2018. The salient features of giving result in no time without any
manual interference is the prominent factor for the segment to dominate in the
forecast period. High demand for the product among young consumers with hectic
working schedules and are fashion conscious is anticipated to propel the
segment.
Salon is projected to register the fastest CAGR of
7.8% over the forecast period. Increasing usage of the product along other
cleansing product to give better results has been the prominent factor for the
segment growth.
Grand View Research has segmented the global pore strips
market on the basis of end use, ingredient:
Pore Strips End Use Outlook (Revenue, USD
Million, 2015 - 2025)
·
Salon
·
Homes
Pore Strips Ingredients Outlook (Revenue,
USD Million, 2015 - 2025)
·
Charcoal
·
Silica
·
Tea-Tree Oil
·
Others
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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