Technology Evolution and Product Innovation to Bolster Demand for Global Sheet Face Masks Market
Published On : Nov 22, 2018 | Category : Consumer Goods & Services
The global sheet face masks market is expected to boom in the forecast period due to the rising disposable income and demand for beauty products of end-users. A sheet face mask is a two-fold sheet with an outer layer coated with strong foil. This mask enhances the unbalanced skin tone by penetrating deep into the skin. New and improved ways of treating the skin tones have been introduced in the sheet face masks market. Premature skin-aging and skin brightening are some of the prime concerns found in different regions. The trend towards using sheet face masks especially with these concerns is anticipated to drive the global sheet face masks market in the forecast period.
The sheet face masks market is expected to reach at a robust CAGR of 8.7% during the forecast period 2018-2026. Various manufacturers of sheet face masks are investing into research and development initiatives for continuous product innovation. At the same time, these manufacturers are focusing on other aspects of the product such as developing a multi-purpose product, which can cater to the requirements of the end-user. Some of the prominent players in the global sheet face masks market include Lancome Paris, Sephora Inc. Boss Biological Technique Ltd., Kracie Holdings, Ltd., BioRepublic Skin Care, The Face Shop, DECLÉOR Paris, Yunos Co. Ltd. Es Cosmetics, and Estee Lauder.
Bio-cellulose to Dominate the Global Sheet Face Masks Market from 2018-2026
As per type, the global sheet face masks is divided into cotton, non-woven, bio-cellulose, and hydrogel. As per category, the market is segmented into mass sheet and premium sheet face masks. According to distribution, the market is bifurcated into offline and online. The bio-cellulose segment is anticipated to rise rapidly owing to the increasing awareness in usage of organic and chemical-free products from 2016-2026. Adding to this, hydrogel segment is also expected to rise considerably as it offers various benefits which include whitening, glow, and hydration.
Asia Pacific to Lead the Global Sheet Face Mask Market due to Higher Purchasing Power Capacity
The global sheet face masks market is divided into different geographical regions such as Europe, North America, South America, Asia Pacific, and MEA. Of these, Asia Pacific is likely to grow due to the huge existence of manufacturing industries and forth coming technological advancements. In North America, the U.S captures majority of the market share for sheet face masks. People in emerging countries for instance China, Brazil, Argentina, India, and Brazil have increased their purchasing power capacity. This has surged the demand for sheet face masks. Many manufacturers are planning to expand their presence in some of these emerging countries. Europe is also estimated to account for growing CAGR in the forecast period owing to increasing standard of living.
Transparency Market Research says that consumers are showing more preference towards dehydrated skin issue and anti-aging treatment. The usage of sheet face masks is increasing as the aforementioned concerns have become prominent. Also, dry skin problems especially in winters, skin brightening problem coupled with changing lifestyle are expanding the sheet face masks market globally. New and improved anti-aging formulations are expected to be introduced by some of the leading manufacturers in the upcoming years. Many market players are concentrating on the competitive costs involved in manufacturing the sheet face masks.