ASIA PACIFIC FACIAL CARE MARKET ANALYSIS | Coherent Market Insights

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• ASIA PACIFIC FACIAL CARE MARKET ANALYSIS
• Asia Pacific Facial Care Market, By Product Type
  (Skin whitening/lightening and anti-ageing
  creams, Facial creams, Face wash, Cleansing
  wipes, Serums and masks, Others), By Consumer
  Group (Men, Women), By Distribution Channel
  (Store-based retailing, Non-store based
  retailing), and By Region (China, Japan, India,
  Australia, South Korea, ASEAN, Rest of APAC) -
  Size, Share, Outlook, and Opportunity Analysis,
  2020 - 2027
• Facial care products such as cleansers are used
  to get rid of bacteria, dirt and pollutants from
  the skin. Serums contain antioxidants and
  anti-aging ingredients such as retinols and
  peptides, which stimulate collagen production.

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• Statistics
• Asia Pacific facial care market is estimated to
  account for US 69.2 Bn in terms of value by the
  end of 2027.
• Asia Pacific Facial Care Market Drivers
• Increasing focus on aesthetic appeal is expected
  to propel growth of Asia Pacific facial care
  market over the forecast period. For instance,
  according to a 2018 survey by GlobalData, around
  three quarters of South Korean men undertake a
  beauty or grooming treatment at least once a
  week.
• Moreover, increasing aging population is also
  expected to aid in growth of the market. For
  instance, according to United Nations Population
  Fund, geriatric population in Asia Pacific is
  expected to triple between 2010 and 2050 to reach
  1.3 billion people by 2050.
• Statistics
• China held dominant position in Asia Pacific
  facial care market in 2019, accounting for 31.0
  share in terms of value, followed by Japan and
  Australia, respectively

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• Asia Pacific Facial Care Market Share () Value,
  By Region, 2019

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• Asia Pacific Facial Care Market Restraints
• High cost of raw materials is expected to hinder
  growth of the market. The raw materials used in
  manufacturing facial care products mainly include
  castor oil, propylene glycol, salicylic acid,
  cerebroside, and emollients. High price of these
  raw products leads to higher cost of final
  product, limiting product demand.
• Moreover, use of skin creams may lead to side
  effects, which may also limit market growth.
  These side effects include, skin
  redness/burning/itching/peeling, thinning of
  skin, blistering skin, and stretch marks.
• Asia Pacific Facial Care Market Opportunities
• Increasing penetration of Internet is expected to
  offer lucrative growth opportunities for players
  in Asia Pacific facial care market. For instance,
  according to China government-backed Market
  Intelligence Consulting Institute and reported
  by China Internet Watch, internet penetration in
  China reached 61.2 percent in the first half of
  2019, with 854 million internet users at the end
  of June 2019.
• Moreover, entry of new companies in the market is
  also expected to aid in growth of the market. For
  instance, in May 2020, Ro, a direct-to-consumer
  virtual health startup, announced to roll out a
  nightly defense skincare that is a custom
  prescription skincare product based on lifestyle
  factors, skincare goals and age.
• Statistics
  
• Asia Pacific facial care market was valued at US
  39.7 Bn in 2019 and is forecast to reach a value
  of US 69.2 Bn by 2027 at a CAGR of 7.2 between
  2020 and 2027.

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Asia Pacific Facial Care Market Report Coverage

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• Market Trends/Key Takeaways
• Major players in the market are focused on
  promoting Zero Waste. For instance, in March
  2020, Kao Corporation launched an initiative to
  phase out the use of eye-catching plastic
  stickers on its product packaging to contribute
  towards realizing Zero Waste.
• Major players in the market are focused on
  funding environmental conservation activities.
  For instance, in March 2019, KOSÉ Corporation
  announced continuation of its SAVE the BLUE
  project in Japan, China, Taiwan, Hong Kong, South
  Korea, Thailand, Singapore, Malaysia, Indonesia
  and U.S. In Japan, the company announced to make
  a donation to fund environmental conservation
  activities for areas equivalent to the total
  surface area of the bottom of the containers of
  all eligible SEKKISEI products purchased by
  customers during its campaign periods.
• Asia Pacific Facial Care Market Competitive
  Landscape
• Major players operating in Asia Pacific facial
  care market include, LOreal S.A, Procter and
  Gamble Company (PG), Estee Lauder Companies
  Inc., The Unilever Plc, Shiseido Co. Ltd.,
  Johnson and Johnson Limited, Kose Corporation,
  and Kao Corporation.

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• Asia Pacific Facial Care Market Key Developments
  
• Major players in the market are focused on
  launching new products to expand their product
  portfolio. For instance, in April 2020, Kao
  Corporation launched Curél Deep Moisture Spray, a
  new face and body moisturizing spray for dry and
  sensitive skin.
• Similarly, in September 2018, Shiseido Company,
  Ltd. launched a new makeup collection worldwide
  under the Brand SHISEIDO, in 88 countries and
  regions across the world.

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