The Asia Pacific Cosmetics Face Serum Market should witness market growth of 5.0% CAGR during the forecast period (2022-2028).
With age, the skin’s ability to retain moisture reduces and starts losing its firmness. Cosmetic face serum is derived from Hyaluronic Acid, known for its properties to help in restoring moisture, especially to dehydrated skin, hence gaining acceptance in this middle-aged population. Hyaluronic acid is a highly effective absorbent and can consequently draw in water, locking the required moisture.
Moreover, it can absorb up to 1000x its weight in water. By moisturizing the skin, it helps to plump and smooth the skin surface as well as helps in decreasing wrinkles and lines. Serum offers several anti-acne benefits, like opening the clogged skin pores, preventing acne, lessening inflammation, and replenishing the skin, further boosting the market growth.
However, as a growth restraint, the production cost of face serums is relatively high compared to other cosmetics. Also, the availability of alternate advanced beauty treatment alternatives, which include skin enhancement treatments, chemical peels, laser treatments, steroid usage in the form of injections, etc., might hinder the market growth throughout the forecast period.
Due to the growing per capita income, consumers are more unrestricted to spend on personal care and consumer goods. Moreover, Indian men are growing the market segment at a rapid pace. Men between 18 and 25 spend more money than women on grooming and personal care items. With numerous domestic and multinational labels in both regulated and unorganized market segments, the personal care industry in India is very competitive. The growth of the personal care drives the adoption and growth of the cosmetic face serum market in this region.
The China market dominated the Asia Pacific Cosmetics Face Serum Market by Country in 2021; thereby, achieving a market value of $395.3 million by 2028. The Japan market is registering a CAGR of 4.3% during (2022-2028). Additionally, The India market would showcase a CAGR of 5.6% during (2022-2028).
Based on Gender, the market is segmented into Women, Men and Unisex. Based on Product Type, the market is segmented into Face Sunscreen Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Moisturizer Serum, Eye Serum, Face Self Tanning Serum and Others. Based on Application, the market is segmented into Households, Salons, Entertainment Industry and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/supermarkets, Specialty Stores, Online Retail and Others. Based on Price Point, the market is segmented into Economy, Medium and Premium. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Procter & Gamble Company, L'Oreal Group, Beiersdorf AG, Kao Corporation, Estee Lauder Companies Inc., Shiseido Company, KOSE Corporation, Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.) and EMK Products, LLC.
With age, the skin’s ability to retain moisture reduces and starts losing its firmness. Cosmetic face serum is derived from Hyaluronic Acid, known for its properties to help in restoring moisture, especially to dehydrated skin, hence gaining acceptance in this middle-aged population. Hyaluronic acid is a highly effective absorbent and can consequently draw in water, locking the required moisture.
Moreover, it can absorb up to 1000x its weight in water. By moisturizing the skin, it helps to plump and smooth the skin surface as well as helps in decreasing wrinkles and lines. Serum offers several anti-acne benefits, like opening the clogged skin pores, preventing acne, lessening inflammation, and replenishing the skin, further boosting the market growth.
However, as a growth restraint, the production cost of face serums is relatively high compared to other cosmetics. Also, the availability of alternate advanced beauty treatment alternatives, which include skin enhancement treatments, chemical peels, laser treatments, steroid usage in the form of injections, etc., might hinder the market growth throughout the forecast period.
Due to the growing per capita income, consumers are more unrestricted to spend on personal care and consumer goods. Moreover, Indian men are growing the market segment at a rapid pace. Men between 18 and 25 spend more money than women on grooming and personal care items. With numerous domestic and multinational labels in both regulated and unorganized market segments, the personal care industry in India is very competitive. The growth of the personal care drives the adoption and growth of the cosmetic face serum market in this region.
The China market dominated the Asia Pacific Cosmetics Face Serum Market by Country in 2021; thereby, achieving a market value of $395.3 million by 2028. The Japan market is registering a CAGR of 4.3% during (2022-2028). Additionally, The India market would showcase a CAGR of 5.6% during (2022-2028).
Based on Gender, the market is segmented into Women, Men and Unisex. Based on Product Type, the market is segmented into Face Sunscreen Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Moisturizer Serum, Eye Serum, Face Self Tanning Serum and Others. Based on Application, the market is segmented into Households, Salons, Entertainment Industry and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/supermarkets, Specialty Stores, Online Retail and Others. Based on Price Point, the market is segmented into Economy, Medium and Premium. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Procter & Gamble Company, L'Oreal Group, Beiersdorf AG, Kao Corporation, Estee Lauder Companies Inc., Shiseido Company, KOSE Corporation, Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.) and EMK Products, LLC.
Scope of the Study
By Gender
- Women
- Men
- Unisex
By Product Type
- Face Sunscreen Serum
- Blemish Treatment Serum
- Acne Treatment Serum
- Face Moisturizer Serum
- Eye Serum
- Face Self Tanning Serum
- Others
By Application
- Households
- Salons
- Entertainment Industry
- Others
By Distribution Channel
- Hypermarkets/supermarkets
- Specialty Stores
- Online Retail
- Others
By Price Point
- Economy
- Medium
- Premium
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Procter & Gamble Company
- L'Oreal Group
- Beiersdorf AG
- Kao Corporation
- Estee Lauder Companies Inc.
- Shiseido Company
- KOSE Corporation
- Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.)
- EMK Products, LLC
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Cosmetics Face Serum Market by Gender
Chapter 4. Asia Pacific Cosmetics Face Serum Market by Product Type
Chapter 5. Asia Pacific Cosmetics Face Serum Market by Application
Chapter 6. Asia Pacific Cosmetics Face Serum Market by Distribution Channel
Chapter 7. Asia Pacific Cosmetics Face Serum Market by Price Point
Chapter 8. Asia Pacific Cosmetics Face Serum Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- The Procter & Gamble Company
- L'Oreal Group
- Beiersdorf AG
- Kao Corporation
- Estee Lauder Companies Inc.
- Shiseido Company
- KOSE Corporation
- Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.)
- EMK Products, LLC
Methodology
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