Opportunities in the Asia-Pacific Skincare Sector: Analysis of Opportunities Offered by High growth Economies
Summary
The Asia-Pacific skincare sector, accounting for 54.7% share of the global market, was valued at US$70,826.3 million in 2018 and is forecast to reach US$99,545.9 million by 2023, growing at a CAGR of 7% during 2018-2023. Of all the categories, facial care held the largest share, accounting for 91.7% of total value sales in 2018, while body care, the second largest category, held a value share of 4.5%. With a projected CAGR of 7.2% during 2018-2023, the hand care category is set to record the fastest growth among all skincare categories in Asia-Pacific.
Hong Kong, China, South Korea, and Singapore emerged as the high potential counties for skincare products in the Asia-Pacific region. China, accounting for a market value of US$35,513.7 million, is set to record the fastest CAGR of 8.3% in the Asia-Pacific region during 2018-2023. The Asia-Pacific skincare sector is competitive with the top five companies - L'Oréal, KOSE Corporation, Shiseido Company, Limited, Amorepacific Corporation, and Procter & Gamble - accounting for a combined 29.2% value share in 2018.
Hypermarkets & supermarkets as a channel accounted for 21.8% of total value sales of skincare products in Asia-Pacific, while direct sellers recorded 15.9% value share in the same year. Among the high potential countries in the region, hypermarkets & supermarkets held the highest share of distribution in China, with 20.3% share of total sales. As for packaging formats, rigid plastics accounted for the largest share of package materials in the Asia-Pacific skincare sector with a volume share of 43.9% followed by flexible packaging with a volume share of 40.2% in 2018.
The report "Opportunities in the Asia-Pacific Skincare Sector", brings together multiple data sources to provide a comprehensive overview of the skincare sector in the region.
Companies mentioned: L'oreal S.A, Coty Inc., Avon Products, Inc., Oriflame Cosmetics S.A., Yves Rocher International, Chanel S.A., LVMH Moet Hennessy - Louis Vuitton, Mary Kay, Inc., The Estee Lauder Companies Inc., Vivienne Cosmetics AG
Scope
This report brings together multiple data sources to provide a comprehensive overview of the skincare sector in the region. It includes analysis on the following -
Reasons to buy
Summary
The Asia-Pacific skincare sector, accounting for 54.7% share of the global market, was valued at US$70,826.3 million in 2018 and is forecast to reach US$99,545.9 million by 2023, growing at a CAGR of 7% during 2018-2023. Of all the categories, facial care held the largest share, accounting for 91.7% of total value sales in 2018, while body care, the second largest category, held a value share of 4.5%. With a projected CAGR of 7.2% during 2018-2023, the hand care category is set to record the fastest growth among all skincare categories in Asia-Pacific.
Hong Kong, China, South Korea, and Singapore emerged as the high potential counties for skincare products in the Asia-Pacific region. China, accounting for a market value of US$35,513.7 million, is set to record the fastest CAGR of 8.3% in the Asia-Pacific region during 2018-2023. The Asia-Pacific skincare sector is competitive with the top five companies - L'Oréal, KOSE Corporation, Shiseido Company, Limited, Amorepacific Corporation, and Procter & Gamble - accounting for a combined 29.2% value share in 2018.
Hypermarkets & supermarkets as a channel accounted for 21.8% of total value sales of skincare products in Asia-Pacific, while direct sellers recorded 15.9% value share in the same year. Among the high potential countries in the region, hypermarkets & supermarkets held the highest share of distribution in China, with 20.3% share of total sales. As for packaging formats, rigid plastics accounted for the largest share of package materials in the Asia-Pacific skincare sector with a volume share of 43.9% followed by flexible packaging with a volume share of 40.2% in 2018.
The report "Opportunities in the Asia-Pacific Skincare Sector", brings together multiple data sources to provide a comprehensive overview of the skincare sector in the region.
Companies mentioned: L'oreal S.A, Coty Inc., Avon Products, Inc., Oriflame Cosmetics S.A., Yves Rocher International, Chanel S.A., LVMH Moet Hennessy - Louis Vuitton, Mary Kay, Inc., The Estee Lauder Companies Inc., Vivienne Cosmetics AG
Scope
This report brings together multiple data sources to provide a comprehensive overview of the skincare sector in the region. It includes analysis on the following -
- Sector overview: Provides overview of the sector size, value and volume growth analysis, across regions
- Change in consumption: Analysis on the shift in consumption of skincare categories across the key countries in the region.
- High potential countries: Provides Risk-Reward analysis of top 4 high potential countries in the region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure
- Country analysis: Provides deep-dive analysis of high potential countries covering value growth during 2018-2023, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
- Brand analysis: Provides an overview of leading brands in the region, besides analyzing the growth of Private Label products in the region.
- Key distribution channels: Provides analysis on the leading distribution channels for skincare across the key countries in the region, in 2018. It covers these distribution channels - health & beauty stores, hypermarkets & supermarkets, food & drinks specialists, convenience stores, department stores and others, which includes cash & carries & warehouse clubs and vending machines and other retailers.
- Preferred packaging formats: The report provides percentage share (in 2018) and growth analysis (during 2013-2023) for various packaging materials, container, closure, and outer types based on the volume sales (units) of skincare products.
Reasons to buy
- Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
Table of Contents
1. Executive summary11. Appendix
2. Market size and growth analysis (Regional analysis)
3. Identifying high potential countries in Asia-Pacific
4. Market size and growth analysis (High potential countries in Asia-Pacific)
5. Country Profiles (High potential countries in Asia-Pacific)
6. Success Stories
7. Company and Brand Analysis
8. Key Distribution Channels
9. Key package Formats
10. Challenges and Future Outlook
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- L'oreal S.A
- Coty Inc.
- Avon Products Inc.
- Oriflame Cosmetics S.A.
- Yves Rocher International
- Chanel S.A.
- LVMH Moet Hennessy - Louis Vuitton
- Mary Kay Inc.
- The Estee Lauder Companies Inc.
- Vivienne Cosmetics AG