A Look into Face Wash And Cleanser Industry……Deep Analysis…..
The global face wash
and cleanser market size is
expected to reach USD 33.3 billion by
2025 registering a CAGR of 6.0%,
according to a new report by Grand View Research, Inc. Increasing pollution
levels and need for effective face cleaning products are expected to augment
the growth of this market over the forecast period. In addition, rising cases
of skin problems, such as acne, rash, and irritation, are driving the demand
for organic and chemical-free products, which, in turn, will boost the growth
further.
Rising awareness about the
availability of innovative products is also expected to drive the demand in the
years to come. On the basis of product type, the market is segmented into face
wash and cleansers. The foam-based face wash segment is expected to witness the
highest CAGR from 2019 to 2025. Supermarket & hypermarket was the largest
distribution channel segment and is expected to maintain its leading position over
the next few years.
Increasing number of supermarkets
& hypermarkets on account of rapid expansion of organized retail sectors in
developing countries is expected to boost the segment growth. Some of the key companies in the global
market are Unilever, The Procter & Gamble Company, L’Oreal S.A., The
Himalaya Drug Company, Godrej Consumer Products Ltd., Shiseido Co., Ltd., Zydus
Wellness, Estee Lauder Company Ltd., Johnson and Johnson Ltd., and The Proactiv
Company LLC.
The global face wash and cleanser
market size was estimated at USD 22.19 billion in 2018 and is anticipated to
expand at a CAGR of 6.0% from 2019 to 2025. The market growth is primarily
driven by the increasing awareness about skin health. In addition, demand for
allergy-safe and specialized products due to increasing cases of skin problems,
such as acne, rash, and irritation, is projected to augment the market growth.
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Further key findings from the study
suggest:
·
Gel-based face wash and
cleanser is expected to have the highest CAGR of 6.1% and 6.3% respectively
over the next few years
·
Cream-based face wash was the
largest product segment in 2018 and accounted for more than 35% of the overall
market share
·
Supermarket & hypermarket
distribution channel accounted for the largest revenue share of 36.10% in 2018
·
Key manufacturers are focusing
on product development, capacity expansion, and technological innovation for a
greater face wash and cleanser market share
Increased
pollution levels and exposure to UV rays causes skin problems like skin
blackening and burn, which, if not taken care of, may result in severe
illnesses like skin cancer. Thus, rising awareness about such issues and
concerns will boost the product demand. In addition, companies in the market
are investing in celebrity endorsements and advertisements to influence
consumers.
This
is also likely to have a positive impact on the growth of this market.
Moreover, influence of social media platforms, such as Instagram and YouTube,
also play a major role in market growth. Thus, rising awareness about the
availability of innovative products is also expected to drive the product
demand in the years to come.
Supermarket
& hypermarket distribution channel accounted for the largest revenue share
of 36.10% in 2018. Asia Pacific led the market in the past and is projected to
expand further retaining its leading position throughout the forecast period.
On the hand, Middle East & Africa is projected to witness the fastest CAGR
from 2019 to 2025.
Browse
Press Release of this report:
Grand View Research has segmented the
global face wash and cleanser market on the basis of product type, distribution
channel:
Face Wash and Cleanser Product Type Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Facewash
o Gel-based
o Cream-based
o Foam-based
·
Cleanser
o Gel-based
o Cream-based
o Oil-based
Face Wash and Cleanser Distribution Channel Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Online
·
Drugstore
·
Supermarket & Hypermarket
·
Specialty Stores
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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