Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Electric Face Cleanser Market size is expected to reach $8.1 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
The Online segment is showcasing CAGR of 9.1% during (2022 - 2028). Online sales channels are virtual stores where products & services are offered via websites or applications without the need for a physical location. These online platforms' wide accessibility, steep discounts, and deals on cosmetics and personal care items promote the market's expansion, making them a well-liked channel for buying electric face cleanser products.
The Commercial segment is leading the Global Electric Face Cleanser Market by Application in 2021 thereby, achieving a market value of $5.6 billion by 2028. In beauty salons/spas and clinics, the widespread use of face cleansing products in skin treatments, like bleach or facial has gained significant popularity in the market. On the other side, celebrities use social media marketing to promote cosmetics and personal care items.
The Economy segment has shown the growth rate of 6% during (2022 - 2028). The rise in the growth of this segment is are more affordable and is primarily used by a considerable number of people all over the world. The demand for this variety of products is rising as a result of the constant growth in the number of consumers. Additionally, rising disposable income due to increasing expenditure on skincare items and treatments is anticipated to support the growth of this segment.
The North America market dominated the Global Electric Face Cleanser Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,926.5 Million by 2028.The Europe market is exhibiting a CAGR of 5.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of L'Oreal Group, Amorepacific Corporation, Hitachi, Ltd., Conair LLC, Clinique LA Prairie SA, Koninklijke Philips N.V., Panasonic Corporation, The Procter and Gamble Company, Beurer GmbH, and The Proactiv Company LLC (Guthy-Renker LLC).
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