LAMEA Pore Strips Market By Ingredient (Non-charcoal and Charcoal), By End Use (Home and Salon), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Pore Strips Market would witness market growth of 8.2% CAGR during the forecast period (2021-2027).
Various factors such as growing demand for cosmetics from both males and females, rising awareness among customers related to the necessity of healthy skin, and a growing number of skin problems, would open new growth avenues for the pore strips market in the forecast years. Moreover, evolving lifestyles along due to the growing urbanization is leading the customers to spend more on costly products that are helping in enhancing their beauty. Pore strips have emerged as a cost-effective product for customers because they help them to get rid of blackheads and dead skin cells that are present on their facial skin. Therefore, beauty-conscious customers are getting attracted towards it, leading to fuel its sales and thereby, accelerating the growth of the pore strips market. Further, increment in the level of air pollution is another determinant propelling the demand for pore strips.
Conversely, pore strips have adhesives on them, which gets stick on the skin and affect facial skin. In addition, it causes itching, red scar, and damages the upper layer of the skin. Therefore, maximum use of such strips can damage the skin as well as may leave black patches on the skin. Thus, these factors are expected to slow down the growth of the pore strips market over the forecast period.
The LAMEA pore strips market is expected to boost over the forecast years, owing to shifting customer preferences towards instant cleansing products like pore strips that help in exfoliating blackheads and cleansed skin. Pore strips contain adhesive and essential oils that remove blocked pores and excessive oil collected over the pores and hence, provide clean, clear, and smooth skin. In addition, some of the nations in this region are underdeveloped; people residing in such countries have low disposable income. So, they prefer to purchase only essential products that are necessary to stay healthy and fit.
As a large number of individuals are not much aware of these products, hence hindering the growth of the market. Moreover, excessive use of pore strips may lead to skin problems among the customer with sensitive skin, thus decreasing the demand for pore strips in this region. Conversely, customers in this region cannot afford expensive skincare treatments in salons or derma care clinics, thereby, opting for pore strips as an option because they are available at a reasonable price in the market. Therefore, it is anticipated that these determinants would open new growth avenues for the market in the coming years.
The Salon market in the South Africa Pore Strips Market by End use would achieve a market value of $6.5 Million by 2027. The Home market is expected to witness a CAGR of 8.5% during (2021 - 2027).
Based on Ingredient, the market is segmented into Non-charcoal and Charcoal. Based on End Use, the market is segmented into Home and Salon. 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 Pore Strips Market is Predict to reach $2 billion by 2027, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Walgreens Boots Alliance, Inc., Ulta Beauty, Inc., Earth Therapeutics Ltd., Sephora SA, Tonymoly Co., Ltd., Boscia, LLC (FANCL Corporation), Elegare Beauty Pvt. Ltd., L'Oreal Group, Kao Corporation and Unilever PLC.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Walgreens Boots Alliance, Inc.
- Ulta Beauty, Inc.
- Earth Therapeutics Ltd.
- Sephora SA
- Tonymoly Co., Ltd.
- Boscia, LLC (FANCL Corporation)
- Elegare Beauty Pvt. Ltd.
- L'Oreal Group
- Kao Corporation
- Unilever PLC
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