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. Emerging trends such as skin brightening and reversing the signs of aging are also playing a crucial role in the significant demand for sheet face masks. Changing weather patterns that are responsible for skin damages have also led to the increasing uptake of sheet face masks in recent years. The emergence of the fashion industry is also expected to support the higher adoption of these masks in the coming years. Additionally, incorporation of revolutionary anti-aging formula being incorporated in sheet the masks is also projected to augment their demand during the forecast period.
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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. The Strong presence of manufacturers is also projected to lend an impetus to the region the coming years. A significant pool of younger generation, their growing focus on appearance, and higher purchasing power are some of the key factors responsible for Asia Pacific’s positive outlook in the overall sheet face market during the forecast period. These factors will also be responsible for growing demand for sheet face masks in growing economies of Latin America and the Middle East and Africa.
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. Furthermore, convenience of using this mask as it made of natural fiber is also expected to boost the growth of this segment in the near future. The changing perception of several men toward grooming is also expected to give a fillip to this market. Hydrogel sheet face masks will follow suit as preference of consumers shifts towards these products. Furthermore, product innovation with natural elements such as aloe vera, honey, and aqua skin ampoule among others to make new masks is also expected to lure in new consumers.
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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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