LAMEA Face Balm Market

LAMEA Face Balm Market Size, Share & Industry Trends Analysis Report By Application (Residential, and Commercial), By End Use (Women, and Men), By Distribution Channel (Offline, and Online), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13329 Publication Date: January-2023 Number of Pages: 66
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Market Report Description

The Latin America, Middle East and Africa Face Balm Market would witness market growth of 11.1% CAGR during the forecast period (2022-2028).

Balms are used as a face cleanser to give the face a more beautiful appearance. By clearing the cell drains while being used, facial washing solutions assist in removing undesired dead cells and impurity materials. Cleansing balms hydrate and nourish the skin to enhance facial beauty. Manufacturers in the facial balm market are paying close attention to the ingredients that must be employed to give clients results-oriented face cleansing.

Fast food consumption is rising, which causes skin issues like rashes, dark under-eye bags, and wrinkles, necessitating the use of face-washing balms. The main factors driving the demand for face care products around the world include rising awareness of personal cleanliness and grooming, as well as rising income levels of the population.

Inadequate lifestyle choices, stress, and lengthy workdays are also some of the main causes of skin rashes and dark spots, which will certainly increase demand for skin and face care products. Additionally, growing partying, event, and festival celebration trends in homes and businesses are driving the demand for personal grooming and the expansion of the facial cleansing industry.

In the United Arab Emirates, a more holistic approach is being adopted as people's perceptions of beauty shift. Millennials and members of Generation Y are prone to this mentality. The growing popularity of "skin care as health" is another trend that is helping the market for organic and natural products expand. The demand for anti-pollution, anti-aging, and anti-stress products is rising as a result. Additionally, the UAE includes a sizable ex-pat community and significantly depends on tourism for its retail industry. As a result, given that they are linked to macroeconomic factors like population growth and tourist arrivals, the industry's future prospects are expected to be unstable. A burgeoning "conscious" beauty movement has also emerged, with clean beauty firms increasing their line of skin care products. These factors are anticipated to accelerate regional market growth in the ensuing years.

The Brazil market dominated the LAMEA Face Balm Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,668.1 Thousands by 2028. The Argentina market is experiencing a CAGR of 11.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.8% during (2022 - 2028).

Based on Application, the market is segmented into Residential, and Commercial. Based on End Use, the market is segmented into Women, and Men. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Face Balm Market is Predict to reach $334.5 Million by 2028, at a CAGR of 8.7%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Unilever PLC (REN Clean Skincare), L'Oreal Group (CeraVe), Weleda AG, Pangaea Holdings, Inc., Naturium, Pinch of Colour LLC, UpCircle Beauty, and W.S. Badger Company, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Application

  • Residential
  • Commercial

By End Use

  • Women
  • Men

By Distribution Channel

  • Offline
  • Online

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Unilever PLC (REN Clean Skincare)
  • L'Oreal Group (CeraVe)
  • Weleda AG
  • Pangaea Holdings, Inc.
  • Naturium
  • Pinch of Colour LLC
  • UpCircle Beauty
  • W.S. Badger Company, Inc.
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