Portland,OR, April 05, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global charcoal facewash market was estimated at $3.3 billion in 2021 and is expected to hit $5.4 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $3.3 billion |
| Market Size in 2031 | $5.4 billion |
| CAGR | 5.3% |
| No. of Pages in Report | 280 |
| Segments Covered | Application, Gender, Distribution Channel, and Region. |
| Drivers | Rise in demand for effective and safe skincare solutions, especially for facial skin |
| Increase in consumer focus on their grooming and personal hygiene | |
| The affordable pricing of charcoal facewash | |
| Restraints | The rising government laws regarding the use of specific substances such as parabens, sodium lauryl sulfate, and triclosan in personal care products |
| Opportunities | Increase in consumer desire for natural and organic products |
Covid-19 scenario:
- During the COVID-19 pandemic, there was a noticeable increase in demand for personal care products, including face wash, soaps, and sanitizers.
- This surge in demand positively impacted the market for charcoal facewash, as consumers became more aware of its benefits for skincare such as its ability to cleanse clogged pores, retain moisture in the skin, and regulate sebum production.
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The report comprehensively analyzes the global charcoal facewash market, covering its various segments such as Application, Gender, Distribution Channel, and Region. The report presents the analysis of each segment and sub-segment through tabular and graphical representation. This analysis can be useful for investors and market players to identify the highest revenue-generating and fastest-growing segments, allowing them to devise effective strategies.
By application, the cleansing segment contributed to nearly two-fifths of the global charcoal facewash market share in 2021, and would display the fastest CAGR of 5.8% throughout the forecast period. The skin exfoliation and oil & acne control segments are also discussed in the report.
By gender, the male segment accounted for the highest share in 2021, generating nearly half of the total market revenue. The same segment would also portray the fastest CAGR of 5.7% during the forecast period. The female segment is also covered in the report.
By distribution channel, the hypermarket/supermarket segment garnered the highest share in 2021, accounting for more than one-third of the global charcoal facewash market revenue. The online sales channel segment,
simultaneously, would cite the fastest CAGR of 6.0% from 2022 to 2031.
By region, Asia-Pacific held the major share in 2021, garnering nearly two-fifths of the global charcoal facewash market revenue. The same region would also showcase the fastest CAGR of 5.8% from 2022 to 2031. The other provinces studied through the report include North America, Europe, and LAMEA.
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The key market players analyzed in the global charcoal facewash market report include Clinique, L'Oréal S.A., BuyWOW, Biocrown Biotechnology Co., Ltd., Unilever plc, Kao Corporation, Nature Organics, OxyGlow Cosmetics, The Procter & Gamble Company, and Origins Natural Resources, Inc. These market players have embraced several strategies including product launch, product approval, acquisition, and agreement to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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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.
