Sheet Face Mask Market to Grow at Brisk Rate During Forecast Periodby David Johnson Top Market Research Company in US
Rising demand for protection against skin damage and increasing disposable income to fuel Asia-pacific sheet face masks market during forecast period
According to Tech Sci Research report, “Asia-Pacific Sheet Face Masks Market By Gender, By Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2024”, the Asia-pacific sheet face masks market is projected to grow at a CAGR of around 13% over the next 5 years on account of its rising usage due to its benefits like brightening and hydration of skin, deep cleansing and improving uneven skin tone. Moreover, increasing skincare awareness among the young generation and changing living standards is further aiding the growth of the market. Owing to the benefits of sheet face masks, which hydrates, treats acne, detoxifies, and has anti-ageing formulation, a large number of consumers are getting attracted towards these masks, thereby further fueling their demand across the region. These factors have turned the product into a hit that gives massive importance to beauty related standards. However, cost competition and rising demand might act as major challenges for the sheet face masks manufacturers.
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" Asia-Pacific Sheet Face Masks Market"
Asia-pacific sheet face masks market can be segmented based on gender, type, distribution channel and country. On basis of gender, the market can be segmented into male and female. Female segment dominated the sheet face masks market in 2018 and is expected to maintain its dominance during the forecast period as well on account of growing number of working women and rising concern about skin care.
On the basis of country, Asia-Pacific sheet face masks market can be segmented in India, Japan, Australia, South Korea, Indonesia and China. Among these countries, South Korea is among the leading markets until 2018 and is anticipated to maintain its position in the coming years as well owing to continuous product innovations and the use of masks by consumers as part of their regular beauty routine in the country. During the forecast period, China is estimated to grow at an impressive rate as Chinese women are becoming more conscious about their face beauty and are very attentive to skin problems.
Sephora, Inc., Innisfree Corporation, Biocrown Biotechnology Co., Ltd., Boss Biological Technique Ltd., Tonymoly Co. Ltd., Nox Bellow Cosmetics Co. Ltd, Kracie Holdings Ltd., Shanghai Gui Zhi International Trading Co. Ltd, Denex International and Lancome Paris, etc. are some of the leading players operating in Asia-pacific sheet face masks market. The companies operating in the market are using strategies such as product launches, mergers and collaborations to boost their share and expand their presence in the market.
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“The Asia-pacific sheet face masks market is anticipated to witness significant growth over the next five years due to its convenient, fast and easy application. Skin problems like wrinkle and dry skin, especially during winters are creating a high demand for sheet face masks which is further expected to increase through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia-Pacific Sheet Face Masks Market By Gender, By Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Asia-pacific sheet face masks market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-pacific sheet face masks market.
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Created on Sep 26th 2019 04:24. Viewed 560 times.