Rising Fashion and Cosmetic Industry Boosting the Demand Skincare Serum Market
Today’s consumer highlight health and the facial appearance which is the major factor for the increasing demand for skincare serum market. Many types of researchers estimated that the cosmetic market is growing at a high rate, globally. In 2016, the cosmetic industry grew around 4% as compared to 2015.
The skincare market is the leading segment of the cosmetic industry, accounting for approximately 36% of the global cosmetic market. Increasing pollution is one of the reason for mostly skin related problems coupled with unhealthy diet and increasing stress level also affects the skin badly.
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Skincare Serums Market: Drivers and Restraints
Rising demand for cosmetic and skincare products are the main factors boosting the growth of the skincare serum market. Additionally, rising incidences of skin related problems such as acne, spots, facial wrinkles coupled with rising pollution are expected to boost the demand for skincare serum market. The introduction of herbal based and innovative techniques which are used by manufacturers to develop the Skincare serum is likely to propel the skincare serum market growth. However, overpriced of the branded products are expected and the availability of cheap substitutes is likely to hamper the growth of skincare serum market in the forecast period.
Skincare Serums Market: Segmentation
The global skincare serums market can be segmented on the basis of product type, skin type, gender, ingredient, distribution channel and geography.
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Based on product type, the global Skincare serums market is segmented as:
- Anti-Aging Serum
- Skin Whitening Serum
- Anti-Acne Serum
- Glowing Skin Serum
- Anti-Blemish Serum
- Others
Based on skin type, the global Skincare serums market is segmented as:
- Dry Skin
- Sensitive Skin
- Oily Skin
Based on gender, the global Skincare serums market is segmented as:
- Female
- Male
Based on ingredient, the global Skincare serums market is segmented as:
- Hyaluronic Acid
- Vitamin C
- Retinol (Vitamin A)
- Alpha Hydroxy Acids (AHAs)
- Vitamin E
- DMAE (Dimethylaminoethanol)
- Peptides
- Glycerin
- Others
Based on distribution channel, the global Skincare Serums market is segmented as:
- Institutional Sales
- Hospitals
- Dermatology Clinics
- Retail Sales
- Drug Stores
- Retail Stores
- Super Market
- Online Pharmacies
Skincare Serums Market: Overview
The rising demand for Skincare serums is driven by the increased rising awareness for Skincare routine and popularity influenced by fashion and cosmetic industry. Significant rise in the demand by the saloon owners, beauty parlors and dermatologists is likely to drive the growth of skincare serum market. Consequently, the industry witnesses beginning of major brands introduction on an international level, which again increases the growth of skincare serum market demand. Additionally, the rise in innovation and the introduction of several types of products by the manufacturers is one of the major factor boosting the skincare serum market.
Skincare Serums Market: Regional Outlook
The North America skincare serum market is expected to accounts for a large market share due to the rising fashion industry and change in habits and lifestyle which is growing at a rapid pace. The Europe region is expected to be the prominent market for Skincare serum due to the presence of the fashion industry. North America and Europe have cities like Milan (Italy), Paris (France), London (U.K.) and New York (U.S.) referred to as the fashion capital in the world. The Asia Pacific region is expected to show the high growth for the Skincare serum market due to rising media and fashion industry. The country like South Korea where the people give more priority to their skin which acts as the potential skincare serum market for the manufacturer.
Skincare Serums Market: Key Players
Some of the key players in the global skincare serums market are EMK Products LLC, IT Cosmetics LLC, Crop Infrastructure Corp, Philosophy Inc, First Aid Beauty Ltd, Philosophy Inc, Loral Group, Ester Lauder Companies, Amway, Proctor and Gamble and Unilever.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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