PUBLISHER: Allied Market Research | PRODUCT CODE: 1239571
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239571
The face balm market size was $196.2 million in 2021 and is expected to reach $495.7 million by 2031, registering a CAGR of 9.8% from 2022 to 2031. Face balm is a type of thick balm that is used to nourish, heal, and protect the skin on the face. There are many different face balm preparations available to treat different skin types and skin disorders. Face balms are frequently gender-neutral, but those that do contain fragrance are designed to appeal to both men and women who enjoy different kinds of scents. The weight and thickness of face balm allow it to be identified from other forms of moisturizers. The strongest moisturizer is usually a balm, which is made of wax or oil and normally doesn't include any water. In order to address blemishes, abrasions, and skin damage brought on by ageing, exposure to the sun or weather, and other reasons, face balms are applied to the skin. In order to give the face a more beautiful appearance, face balms are also used as face cleaners. Face cleansing products help remove unwanted dead cells and impurity materials by clearing the cell pour as they are being used. To improve facial beauty, cleansing balms moisturize and nourish the skin. There are many players in the face balm market such as Pyunkang Yul, REN Clean Skincare, Lumin, Vilot, Naturium, CeraVe, Weleda, FRANCES PRESCOTT, Nuxe, Badger, Pinch of colour, May Coop, Upcircel, Riviera Suisse.
The global face balm market is expected to witness high growth owing to some of the reasons such as increasing awareness of personal grooming among individuals. The need for skin nutrition products has increased as a result of growing worries about skin nourishment brought on by a variety of issues, including the rise in acne, black spots, scars, dullness, and tanning. The younger population is more in need of skin-brightening products, toners, and scrubs, while the older population is becoming more and more in need of wrinkle-relieving products and treatments that treat cracked heels. It is anticipated that shifting consumer spending habits and lifestyles would boost the market's overall expansion.
The Asia-Pacific face balm market held major share in 2021 and is projected to grow significantly during the forecast period, owing to its significant research and development capabilities and well-developed infrastructure, the area is expected to contribute the most money to the global market during the forecasted period. Asia-Pacific dominated the global face balm market in 2021, and is expected to sustain its dominance during the forecast period. It is one of the most varied and vibrant markets in the global cosmetics sector. Some of the most widely used cosmetic product categories in the area are those for skin care, sun protection, moisturizers, and other kinds of face balms.
However, increased knowledge of the harmful implications of chemical-based cosmetics are projected to hamper the growth of the global face balm market during the forecast period. Skin care product manufacturing chemicals have the potential to damage a person's skin or other body organs. For instance, prolonged use of skin care products can have an impact on skin, and frequent use of creams, balms, lotions, soaps, and sprays that are high in chemicals results in dull skin. Therefore, a significant factor limiting the growth of the market for face balm is the increased customer awareness of the potential negative effects of facial care products and skin issues.
The face balm market is segmented on the basis of application, end use, distribution channel, and region. By application, the market is classified into commercial and household. Further, the commercial segment is bifurcated into salons and spa clinics. By end use, the market is bifurcated into men and women. By distribution channel, the market is classified into online and offline. Further, the offline segment is classified into supermarkets and hypermarkets, retail store, and specialty store. Region wise, it is analyzed across North America (U.S., Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Indonesia, Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Rest of LAMEA).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the Face balm market include Pyunkang Yul, REN Clean Skincare, Lumin, Vilot, Naturium, CeraVe, Weleda, FRANCES PRESCOTT, Nuxe, Badger, Pinch of colour, May Coop, Upcircel, Riviera Suisse.