The Business Research Company’s Pore Strips Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Bussiness Research Company
LONDON, GREATER LONDON, UK, November 6, 2023 /EINPresswire.com/ — The global pore strips market, currently valued at $1.89 billion in 2022, is forecasted to reach $2.06 billion in 2023, indicating a promising compound annual growth rate (CAGR) of 9.1%. Despite the short-term challenges posed by the Russia-Ukraine conflict, which resulted in economic sanctions, supply chain disruptions, and inflation across various sectors, the market is expected to expand to $2.85 billion by 2027, maintaining a steady CAGR of 8.4%.
Pore Strips Market Segmentation and Key Players
•Ingredient Outlook: Charcoal, Non-Charcoal
•Application: Departmental Stores, Convenience Stores, Specialty Stores, Online Retailers, Other Applications
•End-Use Outlook: Salons, Homes
Leading pore strips market players such as Kao Corporation, Hindustan Unilever Limited, Ulta Beauty Inc., Sephora, Boscia, Boots, Earth Therapeutics, L’Oréal, Tonymoly Co Ltd., Hip Hop, P&G, Lucky Fine, Nivea, The Face Shop, Innisfree, and Balea are driving the market through their innovative products and effective marketing strategies.
Gain insights into the market dynamics with our sample report:
Rising Consumer Awareness as a Market Driver
The market is primarily stimulated by the increasing consumer consciousness regarding facial beauty maintenance. With growing awareness about the importance of facial care and increased disposable income, consumers are inclined towards using pore strips to address issues such as blackheads and dead skin. The significant surge in facial procedures, as reported by The American Society for Aesthetic Plastic Surgery in 2021, emphasizes the growing importance of facial aesthetics, thereby boosting the demand for pore strips in the global market.
Strategic Partnerships and Collaborations as a Key Market Trend
The trend of strategic partnerships and collaborations is gaining momentum in the pore strips market, enabling companies to fortify their position and expand their market reach. Notably, the collaboration between KAO Corporation and Nykaa in January 2021 highlights the strategic alliance to promote the high-quality Bioré brand globally. Similarly, the partnership between Ulta Beauty and Target Corporation in September 2021 aims to leverage the extensive retail network of Target Corporation to enhance the market presence of Ulta Beauty’s premium products.
Regional Analysis and Market Dynamics
Asia-Pacific currently leads the global pore strips market, while continuous market expansion is projected in the forecast period. The comprehensive market analysis encompasses key regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
For a detailed understanding of the pore strips market, refer to our comprehensive market report:
Pore Strips Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Pore Strips Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on pore strips market size, pore strips market drivers and trends, pore strips market major players, pore strips face market competitors’ revenues, pore strips market positioning, and pore strips market growth across geographies. The pore strips market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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