Changes in lifestyle patterns in emerging nations with rapid urbanization coupled with a rise in awareness towards advanced skincare products have led to an increase in demand for blemish balm products. It has been observed that global warming is responsible for growing sun protection and UV rays protection cream. Moreover, packing and labeling of the product plays an important role to create strong brand value in the marketThis growth is primarily driven by Growing Need for Skin Care Products owing to Changing Climatic Conditions and High Standard of Living and Changing LifeStyle.
Globally, a noticeable market trend is evident Growing Adoption of Sun Care Products
. Major Vendors, such as Beiersdorf Inc. (Germany), Unilever (United Kingdom), The Estée Lauder Companies, Inc. (United States), Johnson and Johnson (United States), L'Oréa S.A. (France), Shiseido Co., Ltd. (Japan), AmorePacific (South Korean), Amway (United States), Avon Products, Inc. (United Kingdom) and Chanel Sa (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2019, Unilever had acquired Garancia; is French derma-cosmetic brand that currently offers a range of 38 premium facial and body skincare products. The acquisition has been added many skin care products in Unilever’s product portfolio that is ultimately supplementing growth of the company.
- Growing Need for Skin Care Products owing to Changing Climatic Conditions
- High Standard of Living and Changing LifeStyle
- Growing Adoption of Sun Care Products
- Increasing Demand for Organic and Natural Products
- Increasing Online Sales of Products
- Side Effects of Chemical Based Products
- Elongated Time For New Product Launches
Attractive Promotional and Marketing Strategies, Product Innovation According to Customer Preferences and Growing Disposable Income in Emerging Economies
High Competition By Low Priced Alternatives and Availability of Counterfeited Products
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AMA Research & Media features not only specific market forecasts, but also include significant value-added commentary on:
Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Supporting Company Financial and Cash Flow Planning
Open Up New Markets
To Seize Powerful Market Opportunities
Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis