Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Pore Strips market.
Trusted Business Insights presents an updated and comprehensive analysis of Pore Strips Market. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Pore Strips market during the forecast period (2021-2026).Our research analyst have analysed at the short-term stress in the industries subsectors as well as long-term impacts. Analyst have also examined the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Abstract, Snapshot, Market Analysis & Market Definition: Global Pore Strips Market
The global Pore Strips market size is projected to reach US$ 4.46 billion by 2026, from US$ 2.87 billion in 2020, at a CAGR of 7.6% during 2021-2026. Growing consumer awareness regarding healthy facial skin and increasing skin problems due to rise in pollution level are considered to be the prominent factors driving the growth.
Furthermore, increasing cosmetic demand due to change in trends of grooming in both gender types are expected to drive the market The hectic schedules of young population and the time required for deep skin treatments are driving the market positively. The cost for skin treatments is comparatively high in beauty salons and dermatologists, thus the consumers looking for cost-effective solutions opt for options like pore strips. Growing pollution level has led to increase in dirt and impurities in the skin, which is creating a rise in demand for the product.
Face washes are not effective for immediate results, thus consumer preference towards pore strips is likely to increase as they are helpful in purifying and exfoliating the skin immediately. These products are capable of removing blackheads and making the skin smooth by removing oils. These benefits of the product are anticipated to bode well for market growth over the forecast period.
However, the adhesives in the pore strips can led to bad impact on the skin. One of the major problems with using the product is that it can leave the area red or cause irritation. According to various skin experts, no matter how carefully you pull off the strips, they cause damage the first layer of skin, leading to irritation red spots from time to time. Regular use of the product can damage skin and can led to other skin problems. It does not remove the blackhead permanently and only removes the top of the blackheads. All these factors are projected restrain the market to an extent in the long run.
Nevertheless, increasing young consumers coupled with their fashion trends and time taking substitutes are anticipated to fuel the market during the forecast period. The pore strips are perceived to be easy and fast acting. On the other hand, other substitutes such as scrubs require a certain amount of time and lengthy process before they can show the desired results. This factor is expected to drive the product demand in near future.
Market Segmentation, Outlook & Viewpoint: Global Pore Strips Market
End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Ingredients Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
- Tea-Tree Oil
Key Players, Recent Developments & Regional Insights: Global Pore Strips Market
On the basis of end use, the pore strips market is segmented into salon and homes. The home segment led with a market share of 59.53% in 2018. The salient features of giving result in no time without any manual interference is the prominent factor for the segment to dominate in the forecast period. High demand for the product among young consumers with hectic working schedules and are fashion conscious is anticipated to propel the segment.
Salon is projected to register the fastest CAGR of 7.8% over the forecast period. Increasing usage of the product along other cleansing product to give better results has been the prominent factor for the segment growth.
Charcoal segment held the largest market share of 39.18% in 2018. The ingredient is perceived to have qualities of removing bacteria, dirt, chemicals, and impurities along with cleansing the skin deeply. It also exfoliates the skin and reduces appearance of sun spot and hyperpigmentation. It is found to be useful in tightening the skin and reducing inflammation. These factors are projected to drive the product demand among the consumers who spend most the time in the sun and outdoor conditions.
Tea tree oil is anticipated to register the fastest CAGR of 9.3% over the forecast period. The product features such as soothing dry skin and reducing itching and irritation is among the prominent factors propelling the segment growth. It also acts as an antiseptic and may combat oily skins as well. It is one of the popular choices for treating acne due to its anti-microbial and anti-inflammatory properties. These aforementioned factors are anticipated to fuel the segment growth in near future.
In 2018, Asia Pacific led the market with a share of around 40.0% and is anticipated to witness a significant CAGR over the forecast period. In Asia Pacific, China held majority of share and is expected to register a CAGR of more than 8.2% over the forecast period. High consumer awareness and spending on skin care, cosmetics, and grooming, is anticipated to drive the growth. Rapid industrialization has led to increase in environmental pollution, leading to skin impurities and problems. This factor is projected to further drive the regional demand.
The climatic condition and pollution level in Central and South America has led it to be the fastest growing regional market. It is projected to register a CAGR of more than 9.7% during the forecast period. The level of air pollution in Brazil has increased to an extent that it kills around 49,000 Brazilian every year. Harmful effects of environmental pollution on the skin is one of the major drivers for the rising demand for the product in the region.
Pore Strips Market Share Insights
P&G, Kao Corporation, Walgreen Co., Lucky Fine, Boscia, Ulta Beauty, Earth Therapeutics, Sephora and Boots are some of the major market players. The main aim of these manufacturers is to increase the quality and effectiveness of the product. The industry poses moderate to low entry barriers due to the presence of a large number of unstructured and local players in various regions. The product is niche and thus the marketers focus on grabbing consumer attention through various means of advertisements and promotional campaigns. For instance, some companies distribute these strips to the fashion bloggers and reputed salons to use and advertise.
Key Insights Covered: Global Pore Strips Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Pore Strips industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Pore Strips industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Pore Strips industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Pore Strips industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Pore Strips industry.
Research Methodology: Global Pore Strips Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ Pore Strips Market Size, Share, Global Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)
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