Portland, OR, March 22, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global pore strips market garnered $1.5 billion in 2021, and is estimated to generate $2.6 billion by 2031, manifesting a CAGR of 6.2% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research provides valuable insights that can help leaders, investors, shareholders, and startups develop effective strategies for achieving sustainable growth and gaining a competitive advantage in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.5 Billion |
| Market Size in 2031 | $2.6 Billion |
| CAGR | 6.2% |
| No. of Pages in Report | 250 |
| Segments Covered | Ingredient, End Users, Distribution Channel, and Region. |
| Drivers | Change in lifestyle, rise in need for skin care products, and surge in demand for natural ingredients in pore strips |
| Opportunities | Increase in penetration of social media and brand promotion through online sales channels and rise in disposable income |
| Restraints | Availability of substitute products |
Covid-19 Scenario:
- The disrupted supply chain and lack of raw materials impacted the global pore strip market negatively.
- However, to overcome the pandemic's effects, manufacturers were using social media platforms more frequently to advertise their herbal skin care products to a broader spectrum of audience.
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The research provides detailed segmentation of the global pore strips market based on ingredients, end-users, distribution channels, and Region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on ingredients, the non-charcoal segment accounted for the highest share in 2021, contributing to more than two-thirds of the global pore strips market revenue, and is expected to maintain its dominance during the forecast period. However, the charcoal segment is expected to manifest the fastest CAGR of 6.4% from 2022 to 2031.
Based on end-users, the home segment accounted for the highest share in 2021, contributing to nearly two-thirds of the global pore strips market revenue, and is anticipated to rule the roost during the forecast period. However, the salon segment is expected to portray the fastest CAGR of 6.4% from 2021 to 2031.
Based on distribution channel, the online stores segment accounted for the highest share in 2021, holding nearly 28.1% of the global pore strips market, and is expected to continue its leadership during the forecast period. However, the convenience stores segment is projected to cite the fastest CAGR of 6.7% from 2022 to 2031.
Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly two-fifths of the global pore strips market share, and is projected to lead the trail by 2031. The same region is also projected to showcase the fastest CAGR of 6.8% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
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Leading market players of the global pore strips market analyzed in the research include Tonymoly Co., Ltd., Kao Corporation, Boscia LLC, Boots UK Limited, Peace Out LLC, Formula 10.0.6, Pacifica Beauty LLC, Elegare Beauty Private Limited, COSRX Inc., and Hanhoo USA, Inc.
The report provides a detailed analysis of these key players of the global pore strips market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
