Pune, Aug. 18, 2022 (GLOBE NEWSWIRE) — The global facial skincare market is expected to reach US$ 169.41 billion by 2030 at a CAGR of 4.9% from 2022 to 2030, states Growth Plus Reports.
The global facial skincare market is experiencing rapid growth. This market refers to products that focus on the enhancement of facial skin quality, resolving skin issues, and delivering an appealing and satisfactory appearance. Emerging demand for various facial skincare products such as creams, masks, serums, lotions, and so on, can be attributed to growing celebrity endorsement, growing penetration of social media, increasing disposable incomes, and changing beauty standards. These factors are further accountable for the expansion of the facial skincare market globally.
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Market Drivers
The growth of the facial skincare market is mainly due to the growing awareness of appearance standards in society and especially among women and youth. Furthermore, celebrity endorsements promoting facial products, growing consciousness for the maintenance of healthy skin, and growing incidence of facial skin ailments also assist in the development of the market. Additionally, there has been increasing funding for R&D initiatives with an aim for the continuous invention of new & effective products, to enhance customer satisfaction, and to attract a larger customer base….
