With rise in awareness of self-care and hygiene, it is projected that the market for beauty facial masks will experience promising growth over the coming years. With new varieties of beauty facial masks being introduced into the market, along with new natural ingredients, these products are expected to attract new customers.
Earlier, only women preferred beauty facial masks, mostly on special occasions, but recent developments have suggested growing inclination of both, men and women towards the usage of beauty facial masks. This trend is likely to complement market growth over the coming years.
As per a new report published by Fact.MR, the global beauty facial mask market is projected to reach a revenue mark of US$ 14 billion by the end of 2031. The market is estimated to expand at a CAGR of around 8% during the forecast period of 2021 to 2031.
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Key Takeaways from Market Study
- The global beauty facial mask is anticipated to see growth of 3X by 2031.
- With rise in the self-care and beauty industry, demand for beauty facial masks will also rise.
- With the introduction of new products and use of more natural ingredients, beauty facial masks are attracting many customers around the world.
- Manufacturers are spending on new technologies to make beauty facial masks that are easy to remove and don’t break while peeling off.
- In countries such as India, Brazil, China, and Japan, the market for beauty facial masks is anticipated to showcase higher growth rates.
- Development of all-in-one beauty facial masks with brush-on formula is expected to increase market value.
“With new and improved beauty facial masks that are easy to use and remove, and with better desired results, the market will witness a sharp rise over the coming years,” says a Fact.MR analyst.
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Important players have been spending considerably on research & development to come up with newer ways to produce more user-friendly products and masks that are easy to use and easy to peel off. Such enhancements, and others, will drive demand for beauty facial masks in the medium- to long-term forecast period.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global beauty facial mask market, with historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of mask type (clay masks, sheet masks, cream masks, thermal masks, peel-off masks, gel masks, and others), packaging type (tubes, jars/bottles, sachets, and others), ingredient (natural ingredients and synthetic ingredients), brand type (mass and prestige/luxury), and distribution channel (online and offline), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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About the Consumer Goods Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Consumer Goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the consumer goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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