The skin care industry has witnessed remarkable growth in terms of both products and revenue over the past few years. The addition of innovative sheet face masks has presented the industry to expand in a new direction, catering to consumers who are consistently looking for self-grooming products. Owing to this reason, the global sheet face masks market has witnessed a stunning growth rate.
According to the research report, the market is expected to be worth US$336.7 mn by the end of 2024 as compared to US$160.4 mn in 2015. During the forecast period of 2016 and 2024, the global market is expected to exhibit a CAGR of 8.7%.
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Impact of Weather Patterns on Skin Boosts Uptake
The research report states that the steady rise in population and their growing demand for personal beauty and cosmetics products is encouraging the growth of the sheet face masks market globally.
Asia Pacific to be Dominant Consumer of Sheet Face Masks
On the basis of geography, the global sheet face masks market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, Asia Pacific held the dominant share in the global market in 2015. Analysts estimate that the region will continue to dominate due to its huge population base with rising disposable incomes.
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Hydrogel Sheet Face Masks to Emerge as Key Product in Global Market
The various fabrics used for making sheet face masks are non-woven, hydrogel, bio-cellulose, and cotton amongst others. The bio-cellulose segment is projected to show a rapid rise in the coming few years. This segment will be driven by its availability and affordability.
The key players operating in the global sheet face masks market are Sephora Inc., Boss Biological Technique Ltd.., Dolce & Gabbana S.r.l., 3Lab Inc., Kracie Holdings, Ltd., Innisfree Corporation., BioRepublic Skin Care, Star Skin Beauty Group AG, Yunos Co. Ltd., and DECLÉOR Paris.
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