-- The global facial serum industry market is expected to gain a higher CAGR in the forthcoming period. Today’s consumer emphasize health and appearance leading to increased demand for antiaging formulations along with natural and nutraceutical constituents. Nanomaterials are used nowadays in cosmetic field due to benefits to consumers and enhanced beauty attributes to deliver the actives via several delivery vehicles.
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Anti-ageing creams are moisture-based constituents marketed for middle-aged population that promises them wrinkle free, acne-free and offers anti-ageing properties after applying. Common types of cosmeceutical ingredients include antioxidants, exfoliates, moisturizers, serum, topical peptides, botanicals, ceramides, sunscreens and hyaluronic acid. Serum is an fluid and water based solvent for skin care products. Serums are much viable for use as skin care cosmetics and work efficiently against, acne, wrinkles and clears facial moisture by its active ingredients.
Market Drivers & Restraints:
The facial serum industry market is driven by factors such as rising demand for cosmetic and skin care products. In addition, rise in incidences of skin diseases such as acne, ageing and facial wrinkles are expected to boost the demand for facial cosmetics. Innovative and herbal techniques used by manufacturers is likely to propel the market growth in the near future. Significant demand by saloon owners, parlours and medical owners is likely to propel the market demand contributing to a larger market share. Subsequently, the industry witnesses inception of major brands on an international level, which again upsurges the market demand. However, exorbitant prices and availability of cheap substitutes is likely to create a market hindrance in the forecast period.
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Product segmentation for facial serum industry market includes
• Haircare
• Medication
• Skincare
Gender segmentation for facial serum industry market includes,
• Female
• Male
Geographical segmentation for facial serum industry market include,
• North America
• Europe
• SouthEast Asia
• China
• Japan
• India
In the News:
In a recent news, North America accounts for a larger market share and is expected to continue growing at a rapid pace due to change in works habits and lifestyle. Also, the rise in innovation adopted by manufacturers in this region boosts the regional growth. Recently, CROP Infrastructure Corp has announced that it has entered into a licensing agreement for US to boost cosmetic and therapeutics products formulation for infusion.
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Key players in the facial serum industry market include,
• EMK Products LLC
• IT Cosmetics LLC
• Crop Infrastructure Corp
• Philosophy Inc
• First Aid Beauty Ltd
• Philosophy Inc
• Loral Group
• Ester Lauder Companies
• Proctor and Gamble and Unilever
• Amway
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