Cosmetic Serum Market Is Estimated To Witness High Growth Owing To Increasing Beauty Consciousness Among Consumers

     

Cosmetic Serum Market

The global Cosmetic Serum Market is estimated to be valued at US$ 3.86 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

A cosmetic serum contains active ingredients at a higher concentration than a traditional moisturizer aimed at improving skin quality. It helps protect skin from environmental damage, reducing signs of aging like fine lines and wrinkles.

 

Market key trends:

The essential oils segment holds a dominant share in the global cosmetic serum market due to growing demand for natural and organic personal care products. Essential oils have anti-inflammatory, antioxidant and antimicrobial properties that help improve various skin concerns. For instance, tea tree oil help control acne-causing bacteria without clogging pores. Similarly, lavender essential oil has a calming effect and aids relaxation. It also has antibacterial and antifungal properties making it suitable for daily skin care. Growing customer inclination towards natural and organic ingredients is expected to drive the demand of essential oil infused cosmetic serums over the forecast period.

Segment Analysis

The global cosmetic serum market is dominated by the anti-aging serum segment, accounting for over 35% of the total market share. This is due to the increasing aging population globally and rising demand for reducing signs of aging such as fine lines, wrinkles, age spots, and dark circles. With growing awareness about skincare and benefits of serums, the anti-aging serum segment is expected to witness strong growth over the forecast period.

 

Key Takeaways

The Global Cosmetic Serum Market Size is expected to witness high growth, exhibiting a CAGR of 5.0% over the forecast period, due to increasing awareness about skincare products and the desire to maintain youthful appearance.

 

The global cosmetic serum market size is expected to reach US$ 3.86 Bn in 2023.

 

Asia Pacific holds the largest share in the global cosmetic serum market due to rising disposable incomes, growing middle-class population, and increasing trend of beauty consciousness among consumers in major countries like China, Japan, and India.

 

Key players operating in the cosmetic serum market are L'Oréal S.A., Estée Lauder Companies Inc., Shiseido Company, Limited, Procter & Gamble Co., Johnson & Johnson Services, Inc., Beiersdorf AG, Unilever PLC, The Body Shop International Limited, Kao Corporation, Colgate-Palmolive Company, Amway Corporation, Avon Products, Inc., Mary Kay Inc., Clarins Group, Coty Inc. These companies capture a significant share of the market through expanding their product portfolios and strengthening their distribution networks globally.

Read more

https://www.dailyprbulletin.com/cosmetic-serum-market-size-share-growth-outlook-2023/

Comments

Post a Comment

Popular posts from this blog

Clamshell Packaging Market to Grow at High Rate Owing to Rising Demand for Sustainable Packaging Options

Image
  Clamshell Packaging Market The global Clamshell Packaging Market is estimated to be valued at US$ 8.61 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.   Clamshell packaging refers to a hinged plastic packaging solution used majorly for food and consumer goods. It provides easy opening and closing functionality along with product protection and tamper resistance. The growth in demand for sustainable and eco-friendly clamshell packaging from various end-use industries is propelling the clamshell packaging market growth.   Market Overview: Clamshell packaging is a two-piece shell that snaps or clicks together to securely hold its content. It is widely used for packaging small consumer goods, food items, cosmetics, electronic accessories, and pharmaceutical products due to its excellent sealability and transparency properties. The rising focus on product safety and
Read more

Global Veterinary Equipment and Disposables Market: Trends and Outlook

Image
The veterinary equipment and disposables market is experiencing notable growth and transformation. With the increasing number of pet owners considering their animals as family, there is a growing demand for advanced diagnostic tools, surgical instruments, and consumables in veterinary practices. This trend is also supported by the evolving landscape of veterinary medicine, which now integrates sophisticated equipment like digital radiography and ultrasound. In addition to companion animals, the livestock and poultry industry also relies on specialized veterinary equipment to ensure the health and welfare of animals, contributing to market expansion. Moreover, the emphasis on preventive care and early disease detection has led to a surge in the adoption of veterinary equipment and diagnostics for routine check-ups. The incorporation of technology in veterinary practices, including electronic health records and telemedicine, is further enhancing the efficiency and quality of animal healt
Read more

"Advancements in Wilson's Disease Treatment: A Market Analysis"

Image
  Wilson's disease is a rare genetic disorder that affects the body's ability to metabolize copper, leading to its accumulation in various organs, especially the liver and brain. The treatment landscape for Wilson's disease has seen significant advancements in recent years, offering hope to those affected by this condition. One of the mainstays of Wilson's disease treatment market is copper-chelating agents, such as penicillamine and trientine. These medications work by binding to excess copper in the body and facilitating its removal through urine. They can help control copper levels and prevent further damage to the liver and other organs. In cases where copper-chelating agents are not effective or tolerated, liver transplantation becomes a crucial option. Liver transplantation is a life-saving procedure that replaces the damaged liver with a healthy one, effectively curing the disease. However, it's considered a last resort due to the associated risks and li
Read more