How much is Asia Pacific Facial Care Market work in near Future?

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Facial care products are used to get rid of bacteria, dirt and pollutants. Products such as Serums contain antioxidants and anti-aging ingredients such as retinols and peptides, which stimulate collagen production. Face masks are used to hydrate, dry, or brighten the skin. These masks are available for all skin types. Increasing focus on aesthetic appeal among men in East Asia is expected to offer lucrative growth opportunities for players in Asia Pacific facial care market. Furthermore, new product launches, along with increasing aging population in the region is anticipated to drive the market growth during the forecast period.

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Major Company Profiles Covered in This Report: L’Oreal S.A, Procter and Gamble Company (P&G), Estee Lauder Companies Inc., The Unilever Plc, Shiseido Co. Ltd., Johnson and Johnson Limited, Kose Corporation, and Kao Corporation.

Increasing focus on aesthetic appeal is expected to propel growth of Asia Pacific facial care market over the forecast period. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.

Moreover, increasing aging population is also expected to aid in growth of the market. For instance, according to United Nations Population Fund, geriatric population in Asia Pacific is expected to triple between 2010 and 2050 to reach 1.3 billion people by 2050.

Increasing penetration of Internet is expected to offer lucrative growth opportunities for players in Asia Pacific facial care market. For instance, according to China government-backed Market Intelligence & Consulting Institute and reported by China Internet Watch, internet penetration in China reached 61.2 percent in the first half of 2019, with 854 million internet users at the end of June 2019.

Moreover, entry of new companies in the market is also expected to aid in growth of the market. For instance, in May 2020, Ro, a direct-to-consumer virtual health startup, announced to roll out a “nightly defense skincare” that is a custom prescription skincare product based on lifestyle factors, skincare goals and age.

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