Foam-based Beauty and Personal Care Products Market to Grow with a CAGR of 7.7% Globally through 2028
Growing emphasis on skin health and increasing demand
of sustainable formulations in products are driving the Global Foam-based
Beauty and Personal Care Products Market in the forecast period 2024-2028.
According to TechSci Research report, “Global Foam-based
Beauty and Personal Care Products Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Foam-based
Beauty and Personal Care Products Market stood at USD 4540.21 Million in 2022
and is anticipated to grow with a CAGR of 7.7% in the forecast period,
2024-2028. The Global Foam-based Beauty and Personal Care Products Market has
experienced significant growth in recent years, reflecting evolving consumer
preferences and lifestyle changes. Foam-based products have garnered
substantial attention due to their convenience, efficacy, and sensory appeal.
This market overview provides insights into the key factors contributing to its
growth and the industry's prospects.
One primary driver of the market's expansion is the
increasing emphasis on personal grooming and skincare. In today's
image-conscious society, consumers are more invested than ever in maintaining
their appearance and hygiene. Foam-based products, such as facial cleansers,
body washes, and hair mousses, offer a convenient and pleasurable way to
address these concerns. The foam texture not only enhances the sensory
experience but also facilitates even and thorough application, making it an
attractive choice for consumers seeking effective and hassle-free personal care
routines.
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Another noteworthy trend is the shift towards
eco-friendly and sustainable products. With growing environmental awareness,
consumers are actively seeking beauty and personal care products that align
with their values. Foam-based product manufacturers are responding by
introducing sustainable packaging options and incorporating natural and
biodegradable ingredients into their formulations. These eco-conscious
initiatives not only resonate with consumers but also reflect the industry's
commitment to reducing its ecological footprint.
From a geographical perspective, the Asia-Pacific
region has emerged as a significant player in the foam-based beauty and
personal care products market. This growth is driven by factors such as the
expanding middle-class population, rising disposable incomes, and changing
lifestyles. North America and Europe also contribute substantially to the
market, with consumers in these regions displaying a consistent interest in
skincare and personal grooming. The global appeal of foam-based products
continues to grow, offering both established brands and new entrants ample
opportunities for market expansion.
Additionally, the market is witnessing a surge in
demand for foam-based skincare products. Consumers are increasingly
prioritizing skincare as an essential aspect of their daily routines.
Foam-based cleansers, moisturizers, and serums offer a luxurious and effective
way to address various skincare concerns, including anti-aging, hydration, and
acne prevention. These products often contain specialized ingredients like
vitamins and antioxidants, catering to the evolving needs of consumers seeking
products that deliver both results and a pleasurable application experience.
Furthermore, digital transformation has reshaped how
foam-based beauty and personal care products are marketed and sold. E-commerce
and online retail channels have experienced remarkable growth, providing
consumers with easy access to a wide range of products, including foam-based
items. This shift towards online shopping platforms has been accelerated by the
COVID-19 pandemic, which emphasized the importance of contactless and
convenient shopping experiences. The digital landscape has allowed brands to
leverage influencer marketing, user-generated content, and personalized
recommendations to engage consumers directly, creating new avenues for growth
and market penetration.
In conclusion, the Global Foam-based Beauty and
Personal Care Products Market are characterized by the rising importance of
personal grooming and skincare, a commitment to sustainability, the emergence
of Asia-Pacific as a prominent market player, the increasing demand for
foam-based skincare products, and the growing influence of e-commerce and
online retail channels. As consumer preferences continue to evolve,
manufacturers and brands must remain agile and innovative to capitalize on the
market's opportunities and address the dynamic demands of a discerning global
consumer base.
The Global Foam-based Beauty and Personal Care
Products Market is segmented into type, distribution channel, regional
distribution, and company.
Based on type the market is segmented into skincare,
hair care, grooming, and others.
The
Global Foam-based Beauty and Personal Care Products Market are witnessing a
substantial surge in demand for skincare products. This growing trend is driven
by increased consumer awareness of the importance of skincare routines.
Foam-based products, including cleansers, serums, and moisturizers, offer
effective and luxurious solutions to address various skincare concerns.
Consumers seek products that provide both results and a sensory experience,
fueling the rising demand for foam-based skincare products in the global
market.
Based on distribution channel the market is segmented
into offline and online.
Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Foam-based
Beauty and Personal Care Products Market are:
- Unilever
- L'Oréal S.A.
- Kao Corporation
- Johnson & Johnson Services, Inc.
- Beiersdorf AG
- REVLON
- The Clorox Company
- Coty Inc.
- Edgewell Personal Care
- Procter & Gamble
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“Increasing demand of foam-based skincare products is
a significant trend that is expected to have an impact on growth over the
forecasted period. Growing emphasis on skin health and increasing demand of
sustainable formulations in products and changing consumer preference will positively
impact the Global Foam-based Beauty and Personal Care Products Market. Due to
the wide range of products available to meet specific needs of, as well as the
growing popularity of the online distribution channel, the market is growing at
impressive rate through projected period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Foam-based Beauty and Personal Care Products Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Skincare, Hair care, Grooming, Others), By Distribution Channel (Offline,
Online), By Region, By Competition, 2018-2028”, has evaluated the future growth
potential of Global Foam-based Beauty and Personal Care Products Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Foam-based Beauty and Personal Care
Products Market.
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