The North America Face Balm Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Face balms are actually hardened oils that, when they come into touch with one skin's heat, turn into liquid. Balms are anhydrous, which means they lack water, in contrast to moisturizers. They give the user’s skin a more resilient and nutritious protective barrier, locking in their skincare regimen for the best benefits and protecting it from the elements like cold and dry air. Balms are typically the last step in the skincare routine because they are considered to be therapeutic, calming, ultra-hydrating, luxuriously thick, and effective.
Face balms are getting more and more popular as people become more conscious of their physical appearance and more worried about skin conditions and skin cancer. Additionally, as more consumers choose cruelty-free goods due to their growing concern for animal welfare as well as the environment, there is an increased demand for vegan components or ingredient combinations that are derived from plants in these goods.
In the United States, the demand for face balms is gradually rising. This is due to the fact that a significant portion of cosmetics purchases in the US is now conducted online. Because of changing lifestyles brought on by rising incomes, customers may now choose healthier solutions for themselves and the environment that were previously thought to be unattainable; this is driving the market in the North America region toward significant growth. Customers in the region, who are primarily from the US and Canada, are more likely to seek out products like wrinkle-smoothing lotions and UV protection, which puts a brake on the product introduction. The market for face balm in the North American region is expected to expand as a consequence of the aging population's strong desire for skin care products to protect their skin from the effects of aging.
The US market dominated the North America Face Balm Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $68,736.2 Thousands by 2028. The Canada market is poised to grow at a CAGR of 11% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Face Balm Market is Estimated 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.
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