DUBLIN, May 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Facial Care Products Market 2016-2020" report to their offering.
The report forecasts the global facial care products market to grow at a CAGR of 4.55% during the period 2016-2020.
Vendors operating in the global facial care products market are increasingly introducing trade offers for consumers to encourage sales of facial care products. These trade offers also act as marketing and promotional initiatives and will further propel market growth through the online channel. Although brick-and-mortar retailing remains the key channel for the sales of facial care products, Internet retailing will also grow rapidly over the forecast period. In terms of distribution of these products, online retailing will be one of the fastest growing channels between 2015 and 2018. Small and local vendors are finding success in reaching premium customers by making their products available online and thus available on a national scale.
According to the report, owing to the extensive use of such harmful chemicals in synthetic personal care products, including facial care products, and the harmful effects of these ingredients on the environment, the concern for environmental preservation has been increasing over the past decade. Consumers have started demanding products that have sustainably sourced ingredients that are harvested ethically without the use of pesticides and other chemicals. Thus, the growing concerns about the environment and the demand for natural and organic facial care products are leading vendors to invest in green chemistry while manufacturing their products, which will lead to advances in facial care product formulations and new product innovations over the next five years.
Further, the report states that the availability of cheaper counterfeit products can, however, present a challenge that has the potential to limit the growth of the market during the forecast period.
- Estée Lauder
- Procter & Gamble (P&G)
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by distribution
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/s2b3kb/global_facial
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets