Global Sheet Face Mask Market to grow by USD 117.23 Mn; Driven by increasing demand for cosmetic production among middle-aged women – Technavio – QNT Press Release

NEW YORK, Nov. 9, 2022 /PRNewswire/ — The “Sheet Face Mask Market by End-user and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 117.23 millionaccelerating at a CAGR of 7.29% during the forecast period. Discover market potential and make informed business decisions based on qualitative and quantitative evidences highlighted exclusively for you in Technavio reports. Download Free Sample Report Now

Key Growth Driver

The market is driven by the increasing demand for cosmetic production among middle-aged women. Middle-aged women are increasingly experiencing aging anxiety because of extrinsic aging factors. It is caused by factors such as climate, pollution, stress, and diet, which lead to damage to the dermis, besides having an adverse impact on the collagen and elastic fibers of the skin. Therefore, aging anxiety, environmental factors, concerns about changes in facial appearance, and the need to look younger have all led middle-aged people to opt for cosmetic skincare products, such as sheet face masks for anti-aging and clear and glowing skin. This has encouraged several manufacturers of cosmetic skincare products to offer products, such as sheet face masks specifically for the middle-aged population. All these factors are driving the growth of the market in focus.

In addition, the emergence of omnichannel retail and increasing skin problems in women will also propel the market growth. However, stringent regulations, the availability of counterfeit products, and distribution challenges will hamper the market growth.

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Sheet Face Mask Market: Geography Landscape

APAC will account for 39% of the market share over the forecast period. People in Asia are increasingly opting for cosmetic skincare products such as sheet face masks, as women in the region have a preference for a skincare regime. Young shoppers with disposable income and new-age brands are other factors significantly driving the market in focus. The increasing penetration of retail vendors in the region will also positively impact the regional market growth.

Sheet Face Mask Market: End-user Landscape

By end-users, the market is segmented into women and men. The women segment held the highest share in 2021. The target consumer group is women in this market, which comprises middle-aged women and young women, most of whom are beauty- conscious and highly adept at using skincare products. The high skincare consciousness among females is the major driving factor of the market in focus. Women use sheet face masks for skincare solutions such as hydration, anti-aging, skin whitening, sun protection, and others .

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Companies Covered:

  • Amorepacific Group Inc.
  • Biocrown Biotechnology Co. Ltd.
  • BioRepublic
  • Erno Laszlo Inc.
  • Himalaya Global Holdings Ltd.
  • Hoyu Co. Ltd.
  • Johnson and Johnson
  • LOreal SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • maxingvest AG
  • Shiseido Co. Ltd.
  • Taiki Corp. Ltd.
  • The Estee Lauder Co. Inc.
  • The Procter and Gamble Co.
  • Tonymoly Co. Ltd.
  • Unilever PLC
  • Valeo Nutra LLC
  • Vellvette Lifestyle Pvt. Ltd.

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What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2021, 2022, until 2026
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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