The global algae facial mask market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period (2022-2028). Algae facial mask is an innovative & exclusive cosmetic product that provides a drainage effect that reduces puffiness & dark circles under the eyes. The major factor attributing to the growth of the global algae facial mask market include the increasing awareness of people towards personal care & grooming. According to the survey statistics published by Unilever in 2021, around 74% of the total 10,000 respondents from several countries prefer the beauty & personal care industry for making people feel better. The respondents were taken from various countries including the US, India, and China. Thus, increasing the demand for algae facial masks.
Algae facial masks are exclusive products. The sale of algae facial masks are also increasing by people due to the increasing purchasing power of people attributed to increasing adjusted net national income per capita across the globe. According to the World Bank Data statistics, the net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Furthermore, the use of algae facial masks is also increasing due to various advantages of algae in skincare products. The advantages include hydrating of dry skins, support in the treatment of hyperpigmentation, efficient management of inflammation, protection against damages from the sun’s UV rays, clearance of clogged pores, reduction n fine lines, and many others. Thus, contributing to the growth of the global algae facial mask market.
Some major players in the market include Miranda Kerr Pty Ltd., The Face Shop, OSEA International, Algenist LLC, and President Pharmaceutical Corp., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, according to an article published by the Swirlster in January 2020, the best sea algae enriched beauty product for radiant & moisturized skin includes Prolixr Detoxifying Sea Algae Face Mask, Casmara Beauty Plan Hydra Algae Peel-Off Mask, Fabeya Rose Sea Algae Peel Off Mask, and Others. Others include VLCC Specifix Algae Peel Off Mask and W2 Parabenfree Skin Repair face Serum with Red Algae.
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- Competitive Landscape-
- Miranda Kerr Pty Ltd., The Face Shop, OSEA International, Algenist LLC, President Pharmaceutical Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Algae Facial Mask Market Report by Segment
By Type
- Clay-Based Mask
- Paste Facial Mask
By Application
- Cosmetics
- Medical
- Others
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Scope of the Report
The research study analyzes the Algae Facial Mask Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Algae Facial Mask Market Market Report
1. What was the Algae Facial Mask Market Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Algae Facial Mask Market Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Algae Facial Mask Market Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Algae Facial Mask Market market.
- The market share of the Algae Facial Mask Market market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Algae Facial Mask Market market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Algae Facial Mask Market market.
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