The global sheet face mask market is predicted to rise and reach a valuation of USD 1210.9 million by 2023 with 8.47% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) revealed several factors that will cost the market in the coming years.
The increasing tilt towards better skincare that includes a fight against pollution is expected to propel the market growth. Better technologies are also expected to ensure innovations that can enjoy easy market acceptance in the coming years. Increasing performance from developing countries will boost the market as well.
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The global market for sheet face mask has been segmented by MRFR in their report on the basis of type and distribution channel. The report is expected to provide a detailed outlook of the market with insights that can help in developing better strategies later.
By type, the global market for sheet face mask has been segmented into cotton masks, non-woven masks, bio-cellulose masks, hydrogel masks, and others. The non-woven masks segment has the lead and is expected to surpass a valuation of USD 369.3 Million by 2023. These are inexpensive owing to which they are getting more traction. The hydrogel masks segment has the chance to project the highest CAGR of 9.40% during the forecast period. Its high absorption is expected to boost demand.
By distribution channel, the global market can be segmented into store-based and non-store-based. The store-based segment is getting traction as a one-stop solution for a wide range of products.
Asia Pacific market is expected to dominate the global market. In 2017, the region had 42.91% of the global share and it is expected to register a growth by 9.06% during the forecast period. Japan would be the dominating one in the region. The Chinese market would also register strong growth during the forecast period.
In Europe, the market is showing the potentials to surpass USD 284.6 million by 2023. Continuous development in a skincare product is expected to boost the regional market. Italy has evolved as a major contributor.
The global market for sheet face mask market is banking on the strategic involvement of companies like L’Oréal S.A. (France), Amorepacific Corporation (South Korea), The Estée Lauder Companies Inc. (US), TaikiUSA (US), Christian Dior SE (France), Starskin Group B.V. (Netherlands), LG Household & Health Care Ltd (South Korea), Mijin Cosmetics (South Korea), Orgaid Inc. (US), and Biocrown Biotechnology Co., Ltd (China). Among their various strategic methods mergers, acquisitions, collaborations, hike in investment for research and development, better marketing strategies, improved branding, and others are expected to play a prominent role in taking the market forward. MRFR recently recorded the entire process in their report to get their hands on the pulse of the market. This is to know how things for the market are expected to turn in the coming years. MRFR’s recent recording of all these moves is expected to facilitate the strategy-developing procedure.
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