Scope of the Study
Facial Essence was originated from the Korean beauty industry. It works as a primer for moisturizer. These essences have similar benefits to serum, and with a lower molecular weight than most daily creams, they work to penetrate the skin much deeper than an average moisturizer. The growing people’s interest in adopting cosmetic products is expected to boost the market demand for facial essence in the forested period.
The market study is being classified and major geographies with country level break-up.
L'Oreal S.A.(France), Lancome (France), Procter & Gamble (Olay) (United States), La Mer Technology, Inc. (United States), Estée Lauder Companies (United States), Clinique Laboratories, LLC (United States), Estée Lauder Companies (Origins)(United States), Guerlain (France), Christian Dior SE (France), AmorePacific Corporation (South Korea), Innisfree (South Korea), e.l.f. Cosmetics (United States), Juice Beauty (United States), BABOR (Germany) and ARKONA (United States) are some of the key players profiled in the study.
The market is fragmented by numerous key players who have the bargaining power high in global facial essence market as the market is dominated by several key. The intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability. Research Analyst at AMA predicts that United States, Europe, and South Korea Vendors will contribute to the maximum growth of Global Facial Essence market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Facial Essence market by Type, Application and Region.
On the basis of geography, the market of Facial Essence has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Hydrate and Re-Balance the Skin
- Growing Personal Care Industry
- Trend for Organic Ingredient based Facial Essence
- High Cost of Products
- Stringent Government Regulations on Skincare Products
- Increasing Disposable Income and High Per Capita Spending Beauty Products
- Increasing Demand for Facial Essence from Emerging Countries
- Availability of Substitute Products
Market Leaders and their expansionary development strategies
In August 2018, Procter & Gamble Co. (P&G) acquired Snowberry, a New Zealand skin care company that specializes in products that contain natural ingredients to fight anti-aging. This acquisition enables brings Snowberry’s collection of skincare brands unique formulas rooted in the intersection of nature and science in P&G portfolio.
In November 2017, SK-II launched its limited edition bottle the "SK-II Facial Treatment Essence - Change Destiny Limited Edition". This bottles were launched with three unique Change Destiny mantras “Be the Person You DECIDE To Be”, “CHANGE is in All of Us” and “DESTINY is a Matter of Choice” individually emblazoned across all-white bottles.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Facial Essence Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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