Portland, OR, June 10, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research,the global sheet face mask market generated $206.0 million in 2018, and is estimated to reach $392.1 million by 2026, registering a CAGR of 8.76% from 2019 to 2026.The report offers anextensive analysis of changing market dynamics, top winning strategies, company profiles, major segments, and competitive dashboard.
Introduction of value-added and easy-to-use sheet masks, inclusion of innovative ingredients and serums, and acceptance of cannabis infused sheet face masksdrive the growth of the global sheet face mask market. However, high probability of product counterfeiting hinders the market growth. On the other hand, establishment of direct distribution networks and extensive opportunities in e-commerce sales create new opportunities in the coming years.
Thorough insights on the impact of the COVID-19 on the Sheet Face Mask Market @ https://www.alliedmarketresearch.com/request-sample/6358
Covid-19 scenario:
- During the coronavirus pandemic,the sheet face mask is available in grocery stores or medical stores where lockdown restrictions have been eased off. However, the specialty stores and e-commerce platform have been closed for the cosmetics products.
- Manufacturing and research & development (R&D) activities in the cosmetics industry have been paused across the globeduring global lockdown.Moreover, supply chain in cosmetic industry has also been hampered during COVID-19 outbreak.
The report offers a detailed segmentation of the global sheet face maskmarket based onproduct type, price point, distribution channel, and region.
Based on product type, the cotton/microfiber sheet segment contributed to the largest share in 2018, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, theknit sheet transfer segment is expected to register the highest CAGR of 10.4% from 2019 to 2026.
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Based on price point, the mass segment accounted for the largest share in 2018, holding nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the premium segment is estimated to portray the highest CAGR of 9.9% during the forecast period.
Based on region, Asia-Pacificcontributed the highest share, accounting for nearly two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, North America is expected to grow at the highest CAGR of 11.0% from 2019 to 2026.
Leading market players analyzed in the research include BioRepublicSkinCare, L’Oréal, ES Cosmetics, Lancome Paris, Estee Lauder Companies Inc., Innisfree Corporation, Sephora Inc., The Face Shop, Kracie Holdings, Ltd., and Tonymoly Co Ltd.
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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. 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.