Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for beauty industry professionals · Monday, March 8, 2021 · 536,498,448 Articles · 3+ Million Readers

Skin Care Products in Thailand Market to Reach $4.39Bn, by 2027 at 7.6% CAGR: Allied Market Research

Surge in demand for anti-aging skin care products due to the rapidly aging population and rise in awareness among female consumers regarding the benefits of self-care drive the growth of the Thailand skin care products market.

/EIN News/ -- Portland, OR, Nov. 02, 2020 (GLOBE NEWSWIRE) -- According to the report published by allied market, Thailand skin care products industry garnered $2.56billion in 2019, and is estimated to reach $4.39billion by 2027, registering a CAGR of 7.6% from 2021 to 2027. The report provides a comprehensive analysis of key market trends, driving factors & opportunities, major segments, value chain, product portfolio, and competitive landscape.    

Surge in demand for anti-aging skin care products due to rapidly aging population and rise in awareness among female consumers regarding the benefits of self-caredrive the growth of the Thailandskin care products market. However,rise in penetration of counterfeit skin care products restrains the market growth. Furthermore, growing internet penetration and the shift from non-store retail to onlineis expected tocreate new growth opportunities.

Get detailed COVID-19 impact analysis on the Thailand Skin Care Products Market@ https://www.alliedmarketresearch.com/request-for-customization/7018?reqfor=covid

Covid-19 Scenario

  • Skin careproducts manufacturing companies have affected to a larger extent due to disrupted supply chainamid the Covid-19 outbreak.
  • In addition, shutdown of beauty salons amid lockdown has reduced thedemand for skin care products across Thailand.
  • Consumers preferto buy skin care products from the online sales platform instead of buying from specialty stores to avoid transmission of the coronavirus. This shift in purchasing behavior has affected the market.


Thefemale segment to dominatethroughout the forecast period

Based on demographics, the female segmentaccounted for more than three-fifthsof the total share of the Thailandskin care products market in 2019, and is expected to maintain its leadership status in terms of revenue throughout the forecast period.This is attributed toimprovement in the standard of living, rise in fashion consciousness,and surge in awareness regarding health and wellness among female consumers across Thailand. However,the male segment is estimated to portray the fastest CAGR of 8.5% from 2021 to 2027.This is attributed to rise in consciousness of personal well-being and desires to develop, create, and maintain a strong identity and self-image.

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/7018

The Generation X segment held the lion’s share during the forecast period

Based onage group, the Generation X segment contributed to the highest market share, accounting formore than two-fifths of the Thailandskin care productsmarket share in 2019, and is estimated to maintain its leadership position during the forecast period.This is attributed tothe buying behavior of consumers of this age group as they prefer doing traditional shopping from retail stores or specialty stores. However, the millennials segment is estimated to generate the fastest CAGR of 8.6% from 2021 to 2027. This is attributed to the buying behavior of consumers of this age group as they are more tech-savvy and exhibit interest in trying new products.

Supermarket/Hypermarketto maintain its dominant by 2027

Based on sales channel, the supermarket/hypermarket segment contributed to the highest market share, accounting formore than one-fourth of the Thailandskin care products market share in 2019, and is estimated to maintain its leadership position during the forecast period.This is attributed to availability of multiple cosmetic brands in supermarket/hypermarket that provides increased access to consumers. Moreover, these serve as a one-stop solution, which makes a popular option of shopping for consumers.However, the online sales channel segment is estimated to generate the fastest CAGR of 10.2% from 2021 to 2027. This is attributed to easy accessibility, heavy discounts, and offers on cosmetics & skin care products provided by the online platforms.

Send Me Enquire Here@ https://www.alliedmarketresearch.com/purchase-enquiry/7018

Leading market players

  • Beiersdorf AG
  • L'Oréal S.A.
  • The Estée Lauder Companies Inc.
  • Kao Corporation
  • Siam Health Group Co. Ltd.
  • Do Day Dream Plc.
  • Shiseido Company Limited
  • Aisance Company Limited
  • Procter & Gamble
  • Unilever Group

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
                    David Correa
                    5933 NE Win Sivers Drive
                    #205, Portland, OR 97220
                    United States
                    Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
                    International: +1-503-894-6022
                    UK: +44-845-528-1300
                    Hong Kong: +852-301-84916
                    India (Pune): +91-20-66346060
                    Fax: +1-855-550-5975
                    help@alliedmarketresearch.com
                    Web: https://www.alliedmarketresearch.com
                    Follow Us on LinkedIn:  https://www.linkedin.com/company/allied-market-research/

Primary Logo

Powered by EIN News
Distribution channels: Book Publishing Industry, Science


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release