Report ID: SQMIG30L2129
Report ID:
SQMIG30L2129 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
86 |
Figures:
78
North America dominated the market, providing for further than 40% among all sales in 2021. The high pressure behind the market's growth is the rising consumer spending on personal care goods and cosmetics as well as the rising popularity of premium skincare brands among local celebrities. According to a survey done by Skin Store, people spend roughly USD 322 a year on skin care products. It is expected that consumers, especially women, may drive the growth by integrating eco-friendly skincare products and technologies into their beauty routines to alleviate skin issues. The rise of the local market will also be driven by the presence of premium cosmetics and skincare companies like DMH Aesthetics, CELL RETURN, Skin Gym, and Aduro.
Asia Pacific is anticipated to expand at a CAGR of 13.0% between 2022 and 2030. The main market drivers are the expanded supply of LED light face masks and the growing public awareness of their advantages. The growing disposable income and awareness of skin care in nations such as China, Japan, and South Korea will also help the region's growth. The expansion will be further pushed by the launch of novel applications in the field and other effective marketing efforts used by market participants to teach consumers on the advantages of LED light therapy.
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Report ID: SQMIG30L2129