Anti-fatigue Cosmetics Market 2022 Industry Analysis by Top Leading Player, Key Regions, Future Demand and Forecast 2030
NEWARK, UNITED STATES, December 5, 2022 /EINPresswire.com/ -- Global anti-fatigue cosmetics market is projected to reach USD 23.45 million by 2028, at a CAGR of 7.37% from 2021 to 2028.
Growing awareness about the importance of skin care and increasing demand for anti-aging products are expected to drive market growth in the coming years.
The increasing number of working women in the developing countries and growing awareness about the importance of skin care among this segment is projected to drive the demand for anti-fatigue cosmetics. The growing trend of using natural ingredients in cosmetics is expected to fuel the demand for anti-fatigue cosmetics. Moreover, increasing disposable income among consumers, especially in the developing countries, is projected to drive the demand for anti-fatigue cosmetics.
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Restraints of Global Anti-Fatigue Cosmetics Market
1. High Cost: The cost of global anti-fatigue cosmetics is relatively high compared to other types of cosmetics. The high cost is mainly due to the fact that the products require more sophisticated formulas with more active ingredients.
2. Regulatory Framework: There are certain regulations regarding the use of certain ingredients and the manufacturing of anti-fatigue cosmetics. This can restrict the availability of certain products and can also lead to higher prices.
3. High Competition: The global anti-fatigue cosmetics market is highly competitive. This can make it difficult for new entrants to enter the market as established players already have a strong presence.
4. Limited Awareness: Although anti-fatigue cosmetics have been around for some time, there is still limited awareness of the products and their benefits. This could limit the growth of the market.
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The anti-fatigue cosmetics market is segmented by product type into creams, gels, masks, serums, and other products. The creams segment is expected to register the highest CAGR during the forecast period. The increasing demand for creams due to their easy availability and convenience of use is expected to fuel the demand for this segment.
The anti-fatigue cosmetics market is further segmented by distribution channel into hypermarkets/supermarkets, specialty stores, online retail, and other channels. The hypermarkets/supermarkets segment is expected to dominate the market throughout the forecast period, owing to the increasing number of supermarkets in both developed and developing countries.
By region, the anti-fatigue cosmetics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is anticipated to register the highest CAGR of 5.5% from 2019 to 2025. The rising demand for anti-fatigue cosmetics among the working population is expected to drive the market growth in the region.
The key players in the market include L'Oreal S.A., Shiseido Company, Limited, Coty, Inc., Kao Corporation, Procter & Gamble, Estee Lauder Companies, Inc., Unilever, Avon Products Inc., and LVMH. Companies are focusing on product innovation and development, as well as on expanding their presence in the developing countries.
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