Peel-Off Face Mask Market Forecast by Size, Share, Products, Alliances, Recent Contract and Financial Analysis, Forecast to 2028
Market
Forecast
Global Peel-Off Face Mask Market size is projected
to be valued at USD 2,644.9 Million by 2026 at a CAGR of 5.9% between 2020 and
2026. The global market has been largely benefiting from the increasing demand
for skin-enhancing products across the world. Growing urbanization, followed by
increased per capita disposable income, has created a huge opportunity for the
cosmetic industry wherein consumers have increased their spending on skincare
products. The growing awareness for peel-off face masks through social media
and celebrity endorsements are expected to spur market growth during the
forecast period. Moreover, the growth of the e-commerce sector and the
inclination of manufacturers toward this mode of distribution is further
expected to boost the growth of the peel-off face mask market during the review
period. The key players in the market have been responsive to shifting consumer
preferences and are focused on strategic acquisitions, product launches, and
partnerships. Investments in the market are projected to have a significant
impact on the peel-off
face mask market forecast
period.
Market USP
Increasing Prevalence of Skin Concerns
Growth Opportunities in the Market
Increasing demand for natural &
organic beauty products: The
phenomenon of ‘returning to original self’ is becoming a fashion statement with
more and more people interested in buying only chemical-free products. The
demand for natural and organic beauty products is rising with the growing
awareness of the health hazards and dangers of toxic chemicals in non-organic
products among people. This, in turn, has raised the demand for organic and
natural peel-off face mask.
Increasing Spending by Women on Skin
Care Products: The
women segment is projected to be the fastest growing during the forecast
period. The growing working women population and their increasing per capita
disposable income are fueling the growth of the global skin care market. The
global percentage of the female workforce in the total labor force was
approximately 39% in 2019. Growing awareness of face masks through various
social media platforms is driving the peel-off face mask trend, especially
among women.
Non-Store-Based Distribution Channels
Gaining Popularity across the Globe: The non-store-based segment is projected to register a higher growth
rate during the forecast period. Manufacturers of peel-off face masks are
inclined toward non-store-based distribution channels for the sales of their
products. Companies are opting for online distribution platforms as they extend
their consumer reach.
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Key Players
- L'Oréal S.A. (France)
- Unilever Plc (UK)
- Beiersdorf AG (Germany)
- Zydus Wellness (India)
- Marico Limited (India)
- Guangzhou Yiya Cosmetics Co.,Ltd. (China)
- O3+ (India)
- Himalaya Wellness (India)
- Montagne Jeunesse (UK)
- Shiseido Co., Ltd (Japan)
- Estee Lauder Companies (US)
- Yellow Wood Partners, LLC (US)
- Johnson & Johnson (US)
- Fancl Group (Japan)
- APR Co.,Ltd (South Korea)
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
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New York 10013, United States of America
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