The global facial moisturizer market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028).Facial moisturizer supports to improve the skin condition of people by maintaining their skin integrity and appearance. The major factor expected to drive the market growth is the rising skin-related problems such as skin rashes, dark circles, and aging, among others. In addition, the rising number of aged populations and extreme weather conditions across the globe increasing awareness about the benefits of healthy skin due to rising skin concerns, coupled with the rising number of cosmetic stores across the globe are some factors that propel the growth of the global facial moisturizer market during the forecast period. Furthermore, the rise in demand for male grooming products, especially facial care products due to increasing awareness regarding the benefits of grooming among men, the growing number of beauty bloggers on YouTube, sharing product reviews as well as Instagram posts by celebrity stars influence users to opt for such products. These are some causes that boost the global facial moisturizer market growth during the forecast period.
A full report of Global Facial Moisturizer Market is available at:https://orionmarketreports.com/global-facial-moisturizer-market/109032/
Some major players in the market include The Estee Lauder Companies Inc., L’Oreal S.A., and Procter & Gamble Co. among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2019, Canbiola Inc. announced the acquisition of Green Grow Farms Inc. which further supports the company in boosting its production capacity of the hemp-based cosmetic items. Further, in November 2019, The Estée Lauder Companies Inc. announced the acquisition of Seoul-based Global skincare company Have & Be Co. Ltd. which offers a wide range of skincare cosmetics such as moisturizers, masks, cleansers, and serums, among others. This acquisition supports the company to strengthen its position in the skincare business in the Asia Pacific region.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Gender
- By Age
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-The Estee Lauder Companies Inc., L’Oreal S.A., and Procter & Gamble Co., 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 Facial Moisturizer Market Report by Segment
By Gender
- Male
- Female
By Age
- 0-1
- 2-25
- 26-40
- 41-55
- >55
By Application
- Oily Skin
- Dry Skin
- Neutral Skin
- Sensitive Skin
- Others
By Distribution Channel
- Multi-Brand Retail Outlets
- Online Platforms
- Supermarkets/Hypermarkets
- Exclusive Retail Stores
- Beauty Parlors/ Salons
- Others
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