43% of the market's growth will originate from APAC during the forecast period. US, China, Japan, Germany, and India are the key markets for the facial serum market in APAC. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Rising sales of premium products and growing middle-class aspirational spending have been identified as one of the chief factors that will drive the facial serum market growth in APAC over the forecast period.
The potential growth difference for the facial serum market between 2020 and 2025 is USD 261.38 mn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The portfolio extension to include products with different properties and rising sales of premium products and growing middle-class aspirational spending are some of the key market drivers. However, factors such as the increasing number of domestic and niche brands will challenge market growth.
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The facial serum market report is segmented by Product (Eye serum, Blemish, and acne treatment serums, Face sunscreen serums, Face moisturizing serums, and Facial self-tanning serums), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and MEA).
View our free sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
The facial serum market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The facial serum market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:
- Avon Products Inc. - The company offers facial serum with the benefits of anti-aging, firming, and hyaluronic acid.
- Beiersdorf AG - The company offers facial serum products brands such as HYDRA, LE LIFT, and SUBLIMAGE.
- Johnson and Johnson Inc. The company offers facial serum products such as Neutrogena Neutrogena Hydro Boost Hydrating Serum, Rapid Wrinkle Repair Serum, and Ageless Intensives Anti-Wrinkle Deep Wrinkle Serum.
- Kao Corp. - The company offers facial serum products such as SOFINA iP BASE CARE SERUM and SOFINA iP INTERLINK SERUM.
- LOreal SA - The company offers facial serum products such as 10 percent Pure Glycolic Acid Serum, 1.5 percent Pure Hyaluronic Acid Serum, and 10 percent Pure Vitamin C Serum.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Facial Care Products Market -The facial care products market size will grow up to $ 32.98 bn at a CAGR of 6.05% during 2021-2025. Download a free sample now!
Facial Wipes Market -The facial wipes market size is expected to reach a value of USD 3.72 billion, at a CAGR of 6.38%, during 2021-2025. Download a free sample now!
Facial Serum Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.96% |
Market growth 2021-2025 |
USD 261.38 million |
Market structure |
Fragmented |
YoY growth (%) |
5.58 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, China, Japan, Germany, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Avon Products Inc., Beiersdorf AG, CHANEL Ltd., Johnson and Johnson Inc., Kao Corp., LOreal SA, Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter and Gamble Co., and Unilever Group |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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SOURCE Technavio
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