Facewash Market Will Reach Nearly USD 45.34 Billion, and Expanding at a CAGR of 6.2% by 2030 | Reports and Data
The global facewash market size is expected to reach USD 45.34 Billion in 2030 and register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data. Rising disposable income, increasing preference of different age groups to look youthful and benefits of the natural components present in facewash is expected to drive market revenue growth.
Higher spending on personal care is increasing the demand for facewash. Essential ingredients in facewash help to prevent different skin problems accordingly. However, using facewash too frequently can be harmful to the skin and may cause skin irritation as well. Facewash has ingredients such as retinol for reducing wrinkles, hyaluronic acid for hydrating skin, peptides for making the skin firm, salicylic acid for preventing acne, and vitamin C for glowing skin ceramides and locking moisture in the skin, and many more that are driving demand for facewash in the market.
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Top Profiled Companies in the Global Facewash Market Report:
Unilever, Procter & Gamble, L’Oréal, Johnson & Johnson Services, Inc., Henkel AG & Co. KGaA, Himalaya Wellness, Beiersdorf Global, Godrej Consumer Products Limited, Shiseido Company Limited, and OEM/ODM Global Cosmetics.
Some Key Highlights From the Report
- On 20 September 2021, Dabur announced the expansion of its product portfolio with the launch of Vatika face wash along with its existing haircare brand. This paraben-free facewash is sufficient for meeting daily needs of using a good quality face wash. This launch was through an online channel owing to its growing e-retailer sales.
- The gel segment accounted for a largest revenue share in 2021. This form of facewash is the most effective form owing to its gel texture, lightweight, and consistency that works better into pores, unclogs those pores, and removes excess sebum. This is better compared with other cleansers specifically for acne-prone skin. This form of facewash is helpful for dry skin which tends to get dry easily. This keeps the skin hydrated with its gel-based consistency.
- The households segment accounted for the largest revenue share in 2021. Using facewash regularly is important for cleansing dirt, bacteria, and other pollutants that cause face problems such as acne, pimple, rashes, and others. Also, face washing helps maintain toned, youthful skin which is increasing the demand for facewash in households.
- The online retail segment is expected to register a steady revenue growth rate during the forecast period. Expansion of the e-commerce industry and restrictions during COVID-19 have shifted consumer preference for purchasing things from offline stores to online platforms. Also, attractive deals, coupons, and offers are attracting more consumers for purchasing products from online selling platforms.
- Market in North America accounted for the largest revenue share in 2021. Rising expansion in the beauty and personal care industry is creating demand for facewash. For instance, in 2020 in the U.S., the average annual expenditure on personal care products was around USD 199 and the highest sale was for skin care products such as face cleanser among cosmetic products. Product innovation for attracting new customers is expected to drive revenue growth in this region.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Form Outlook (Revenue, USD Billion; 2019 – 2030)
- Gel
- Cream
- Powder
- Foam
- Liquid
- Collagen Based
- Others
Product Type Outlook (Revenue, USD Billion; 2019 – 2030)
- Dry
- Oily
- Acne-Prone
- Normal
- Sensitive
- Others
Size Outlook (Revenue, USD Billion; 2019 – 2030)
- Less than 50 ml
- 50–200 ml
- 200-400 ml
- Others
Price Point Outlook (Revenue, USD Billion; 2019 – 2030)
- Premium
- Medium
- Economy
Application Outlook (Revenue, USD Billion; 2019 – 2030)
- Households
- Salons
- Entertainment Industry
- Spas
- Others
End-Use Outlook (Revenue, USD Billion; 2019 – 2030)
- Men
- Women
- Kids
Distribution Channel (Revenue, USD Billion; 2019 – 2030)
- Supermarkets
- Convenient Stores
- Pharmacy and Drug Stores
- Online Retail
- Others
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