The Anti-Acne Cosmetics Market is expected to grow at > 9.6% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Anti-Acne Cosmetics Market
Anti-Acne Cosmetics Market is expected to grow from USD 2.2 billion in 2020 to USD 3.8 billion by 2026 at a healthy CAGR of 9.6% during the forecast period. This report gives a detailed insight and COVID -19 impact of the market.
Asia Pacific held the largest market share in 2020 and is expected to grow at the fastest CAGR during the review period. The market growth can be attributed to increased spending on personal care products particularly by the young population as a result of rising appearance consciousness. Additionally, an upsurge in the e-commerce industry in the region and increasing purchasing power of the developing countries is further driving product consumption.
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Market Scope & Market Segmentation
Type of Cosmetics
“Creams & lotions are widely used types.”
Various types for cosmetic products are available in the market which includes mask, creams & lotions, cleansers & toners, and others. Creams and lotions are being widely used as these products protect from bacteria and skin infliction.
“Women dominate with >50% share in the usage of anti-acne cosmetics.”
Based on end-user, the market has been segmented into men and women. The women segment accounted for more than 50% share of the market and is likely to dominate the market in the coming years owing to growing awareness about the importance of maintaining young skin and a good facial appearance. Additionally, the prevalence of skin disorders is high among females.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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