+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Anti-Stretch Mark Products Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028

  • PDF Icon

    Report

  • 180 Pages
  • September 2023
  • Region: Global
  • TechSci Research
  • ID: 5880739
Free Webex Call
10% Free customization
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

Global Anti-Stretch Mark Products Market size is anticipated to project robust growth in the forecast period. The market is being driven by various factors such as rising healthcare awareness, fluctuation in weight due to increasing obesity rate, rising incidences of skin related allergies, and rising demand from pregnant women.

Global Anti-Stretch Mark Products Market Scope

Anti-Stretch mark products are effective formulations that help in reducing the appearance of scars and marks. These formulations, both organic and inorganic, can be applied directly to the skin. They additionally nourish & hydrate the skin and help in increasing collagen synthesis and elasticity of the skin. These products are formulated to reduce the appearance of scars and marks on the abdomen, breasts, hips, and other parts of the body and are referred to as anti-stretch mark products. The anti-stretch mark products are filled with nourishing elements, antioxidants, vitamin E, and other organic compounds that help the skin regain its firmness and elasticity. They increase collagen synthesis and relieve itchiness in the skin.

Earlier Anti-Stretch marks products were available in the form of creams and lotions but with increasing demand from customers, the products are manufactured in various forms such as body butter, serum, and massage oil. Stretch marks, also known as striae, can appear on the skin in both men and women at any age. Atrophic linear scars called Striae Gravidarum (SG) are among the connective tissue changes that occur mostly during pregnancy. The Anti-Stretch marks products are used to reduce the formation of striae gravidarum.

Global Anti-Stretch Mark Products Market Overview

The market for anti-stretch mark products is expected to expand as customers are becoming more conscious about their appearance and are paying attention to the quality of products they use. Women are more concerned about appearance of stretch marks due to fluctuation in weight during pregnancy. According to Cosmetics & Toiletries, 86% of Americans develop stretch marks during puberty, and another study found that one in two women get stretch marks during pregnancy. The need for anti-stretch mark products is being fueled by the growing focus on premium personal care and beauty goods. Customers are investing more time and money into improving their internal and external beauty by using skin care products, such as anti-stretch mark products, moisturizing products, and sunscreen products.

Furthermore, rising demand of natural and organic ingredients in skin care products is fueling market growth. Manufacturers are spending money on research and innovation to enhance the texture, composition, and quality of skincare products, which is promoting market expansion of anti-stretch mark products.

Global Anti-Stretch Mark Products Market Drivers

The most prominent factors for formation of stretch marks are younger age, genetical inheritance, and increased pre and post pregnancy weight. For many women, stretch marks can lead to emotional and psychological distress. Self-confidence problems may arise from the skin related issues.. For instance, 71% of French women claim to be concerned about the appearance of stretch marks. The problems with self-image and anxiety may occur among consumers and thus, demand for anti-stretch marks products will grow at a faster rate. Furthermore, anti-stretch marks products are less expensive as compared to scar treatment surgeries. Thus, dermatologist usually recommend Anti-Stretch mark products for scar treatment during pregnancy.

The prevalence of unhealthy lifestyles and the rising rate of obesity are key factors propelling the growth of the market in the forecasted period. Several factors such as diet, physical activity levels, and genetics, can contribute to the growth of obesity rate. The rising consumption of fast food could directly result in increased weight and health issues. According to a study, adult obesity rates in the United States were estimated to be 42.4% in 2020. According to the Centers for Disease Control and Prevention (CDC)'s recent statistics from 2021, more than 7 in 10 American individuals aged 20 and older are either overweight or obese. Thus, increased consumption of calorie-laden fast food could result in stretching of skin, which would lead to rising demand for anti-stretch mark products.

Global Anti-Stretch Mark Products Market Trends

The demand for organic and natural stretch marks products is being fueled by the increased rates of skin-related allergies and skin related issues along with excessive use of chemical-based skin care products. Companies are launching various products to remain competitive in the market. For instance, In 2021, Bio-Oil launched a natural version of Bio-Oil Skincare Oil (Natural) which helps in hydrating skin and reducing the appearance of scars and stretch marks. The natural oil is made without preservatives, parabens, fragrance, phthalates, phytoestrogens, or steroids. Thus, organic and natural products are convenient and safe for people with allergies and sensitive skin. Thus, these factors play an important role in fueling the demand for Anti-Stretch marks products in the forecasted period.

Global Anti-Stretch Mark Products Market Challenges

The increasing risk of adverse effects associated with anti-stretch mark products among consumers with sensitive skin can be a challenge for companies manufacturing these products. Anti-Stretch mark products contain components that can trigger allergic reactions among some people. For instance, Tretinoin, often known by the brand name Retin-A, can have adverse effects like peeling and redness and is not recommended for use of women who are pregnant or nursing. To avoid such situations, skin care products are often provided with patch tests to reduce the risk of allergic reactions. Thus, strict policy and regulations are implemented to regulate the use of harmful chemicals in skincare products which could be a challenge for the market of Anti-Stretch mark products.

Market Opportunities

Several well-established companies and numerous startups make up the market's major players. Manufacturers in the industry are increasing their focus towards various factors such as marketing campaigns, packaging, labelling, and product innovation as these are significant factors in building up the image of the company and in promoting the brand awareness of the company. For instance, In 2020, The Himalaya Drug Company, one of India's premier wellness brands, expanded the portfolio of Himalaya mother care category. Himalaya Stretch Mark Oil & Cream, a two-step skincare routine, has been launched to help moms reduce the appearance of stretch marks during and after pregnancy. Thus, key market opportunities include emphasizing on the global growth of reach through mergers and acquisitions, celebrity collaborations, and product launches.

Company Profiles

Clarins Group, E.T. Browne Drug Co., Inc., Basq Skin Care, Inc., Weleda, Inc., Dermaclara, LLC, Mama Mio Ltd, L'Oréal S.A., Luxor Investments LLC (First Botany Cosmeceuticals), Honasa Consumer Ltd., and Himalaya Global Holdings Ltd. are among the major market players in the global platform that lead the market growth of the global Anti-Stretch Mark Products Market.

Market Segmentation

The anti-stretch mark products market is segmented based on product type, price category, distribution channel and region. Based on product type, the market is segmented into creams, body butter, lotions, serum, and massage oil. Based on price category, the market is bifurcated into mass and premium. Based on distribution channel, the market is segmented into hypermarkets/supermarkets, pharmacy/drug stores, specialty stores, online and others. Based on region, the market is segmented into Asia-Pacific, North America, Europe, Middle East & Africa, and South America.

Report Scope:

In this report, the global Anti-Stretch Mark Products Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Anti-Stretch Mark Products Market, By Product Type:

  • Creams
  • Body Butter
  • Lotions
  • Serum
  • Massage Oil

Global Anti-Stretch Mark Products Market, By Price Category:

  • Mass
  • Premium

Global Anti-Stretch Mark Products Market, By Distribution Channel:

  • Hypermarkets/Supermarkets
  • Pharmacy/Drug Stores
  • Specialty Stores
  • Online
  • Others

Global Anti-Stretch Mark Products Market, By Region:

  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Turkey
  • South America
  • Brazil
  • Argentina
  • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Anti-Stretch Mark Products Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.


This product will be delivered within 1-3 business days.

Table of Contents

1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis (B2C Model Analysis)
4.1. Respondent Demographics
4.1.1. By Gender
4.1.2. By Age
4.1.3. By Occupation
4.2. Brand Awareness
4.3. Factors Influencing Purchase Decision
4.4. Customer Satisfaction
4.5. Challenges Faced After Purchase
5. Global Anti-Stretch Mark Products Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type Market Share Analysis (Creams, Body Butter, Lotions, Serum, and Massage Oil)
5.2.2. By Price Category Market Share Analysis (Mass and Premium)
5.2.3. By Distribution Channel Market Share Analysis (Hypermarkets/Supermarkets, Pharmacy/Drug Stores, Specialty Stores, Online and Others)
5.2.4. By Regional Market Share Analysis
5.2.4.1. Asia-Pacific Market Share Analysis
5.2.4.2. North America Market Share Analysis
5.2.4.3. Europe Market Share Analysis
5.2.4.4. Middle East & Africa Market Share Analysis
5.2.4.5. South America Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Anti-Stretch Mark Products Market Mapping & Opportunity Assessment
5.3.1. By Product Type Market Mapping & Opportunity Assessment
5.3.2. By Price Category Market Mapping & Opportunity Assessment
5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. Asia-Pacific Anti-Stretch Mark Products Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type Market Share Analysis
6.2.2. By Price Category Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. China Anti-Stretch Mark Products Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Product Type Market Share Analysis
6.2.4.1.2.2. By Price Category Market Share Analysis
6.2.4.1.2.3. By Distribution Channel Market Share Analysis
6.2.4.2. India Anti-Stretch Mark Products Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Product Type Market Share Analysis
6.2.4.2.2.2. By Price Category Market Share Analysis
6.2.4.2.2.3. By Distribution Channel Market Share Analysis
6.2.4.3. Japan Anti-Stretch Mark Products Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Product Type Market Share Analysis
6.2.4.3.2.2. By Price Category Market Share Analysis
6.2.4.3.2.3. By Distribution Channel Market Share Analysis
6.2.4.4. South Korea Anti-Stretch Mark Products Market Outlook
6.2.4.4.1. Market Size & Forecast
6.2.4.4.1.1. By Value
6.2.4.4.2. Market Share & Forecast
6.2.4.4.2.1. By Product Type Market Share Analysis
6.2.4.4.2.2. By Price Category Market Share Analysis
6.2.4.4.2.3. By Distribution Channel Market Share Analysis
6.2.4.5. Australia Anti-Stretch Mark Products Market Outlook
6.2.4.5.1. Market Size & Forecast
6.2.4.5.1.1. By Value
6.2.4.5.2. Market Share & Forecast
6.2.4.5.2.1. By Product Type Market Share Analysis
6.2.4.5.2.2. By Price Category Market Share Analysis
6.2.4.5.2.3. By Distribution Channel Market Share Analysis
7. North America Anti-Stretch Mark Products Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type Market Share Analysis
7.2.2. By Price Category Market Share Analysis
7.2.3. By Distribution Channel Market Share Analysis
7.2.4. By Country Market Share Analysis
7.2.4.1. United States Anti-Stretch Mark Products Market Outlook
7.2.4.1.1. Market Size & Forecast
7.2.4.1.1.1. By Value
7.2.4.1.2. Market Share & Forecast
7.2.4.1.2.1. By Product Type Market Share Analysis
7.2.4.1.2.2. By Price Category Market Share Analysis
7.2.4.1.2.3. By Distribution Channel Market Share Analysis
7.2.4.2. Canada Anti-Stretch Mark Products Market Outlook
7.2.4.2.1. Market Size & Forecast
7.2.4.2.1.1. By Value
7.2.4.2.2. Market Share & Forecast
7.2.4.2.2.1. By Product Type Market Share Analysis
7.2.4.2.2.2. By Price Category Market Share Analysis
7.2.4.2.2.3. By Distribution Channel Market Share Analysis
7.2.4.3. Mexico Anti-Stretch Mark Products Market Outlook
7.2.4.3.1. Market Size & Forecast
7.2.4.3.1.1. By Value
7.2.4.3.2. Market Share & Forecast
7.2.4.3.2.1. By Product Type Market Share Analysis
7.2.4.3.2.2. By Price Category Market Share Analysis
7.2.4.3.2.3. By Distribution Channel Market Share Analysis
8. Europe Anti-Stretch Mark Products Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type Market Share Analysis
8.2.2. By Price Category Market Share Analysis
8.2.3. By Distribution Channel Market Share Analysis
8.2.4. By Country Market Share Analysis
8.2.4.1. Germany Anti-Stretch Mark Products Market Outlook
8.2.4.1.1. Market Size & Forecast
8.2.4.1.1.1. By Value
8.2.4.1.2. Market Share & Forecast
8.2.4.1.2.1. By Product Type Market Share Analysis
8.2.4.1.2.2. By Price Category Market Share Analysis
8.2.4.1.2.3. By Distribution Channel Market Share Analysis
8.2.4.2. France Anti-Stretch Mark Products Market Outlook
8.2.4.2.1. Market Size & Forecast
8.2.4.2.1.1. By Value
8.2.4.2.2. Market Share & Forecast
8.2.4.2.2.1. By Product Type Market Share Analysis
8.2.4.2.2.2. By Price Category Market Share Analysis
8.2.4.2.2.3. By Distribution Channel Market Share Analysis
8.2.4.3. United Kingdom Anti-Stretch Mark Products Market Outlook
8.2.4.3.1. Market Size & Forecast
8.2.4.3.1.1. By Value
8.2.4.3.2. Market Share & Forecast
8.2.4.3.2.1. By Product Type Market Share Analysis
8.2.4.3.2.2. By Price Category Market Share Analysis
8.2.4.3.2.3. By Distribution Channel Market Share Analysis
8.2.4.4. Italy Anti-Stretch Mark Products Market Outlook
8.2.4.4.1. Market Size & Forecast
8.2.4.4.1.1. By Value
8.2.4.4.2. Market Share & Forecast
8.2.4.4.2.1. By Product Type Market Share Analysis
8.2.4.4.2.2. By Price Category Market Share Analysis
8.2.4.4.2.3. By Distribution Channel Market Share Analysis
8.2.4.5. Spain Anti-Stretch Mark Products Market Outlook
8.2.4.5.1. Market Size & Forecast
8.2.4.5.1.1. By Value
8.2.4.5.2. Market Share & Forecast
8.2.4.5.2.1. By Product Type Market Share Analysis
8.2.4.5.2.2. By Price Category Market Share Analysis
8.2.4.5.2.3. By Distribution Channel Market Share Analysis
9. Middle East & Africa Anti-Stretch Mark Products Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type Market Share Analysis
9.2.2. By Price Category Market Share Analysis
9.2.3. By Distribution Channel Market Share Analysis
9.2.4. By Country Market Share Analysis
9.2.4.1. Saudi Arabia Anti-Stretch Mark Products Market Outlook
9.2.4.1.1. Market Size & Forecast
9.2.4.1.1.1. By Value
9.2.4.1.1.2. By Volume
9.2.4.1.2. Market Share & Forecast
9.2.4.1.2.1. By Product Type Market Share Analysis
9.2.4.1.2.2. By Price Category Market Share Analysis
9.2.4.1.2.3. By Distribution Channel Market Share Analysis
9.2.4.2. UAE Anti-Stretch Mark Products Market Outlook
9.2.4.2.1. Market Size & Forecast
9.2.4.2.1.1. By Value
9.2.4.2.2. Market Share & Forecast
9.2.4.2.2.1. By Product Type Market Share Analysis
9.2.4.2.2.2. By Price Category Market Share Analysis
9.2.4.2.2.3. By Distribution Channel Market Share Analysis
9.2.4.3. South Africa Anti-Stretch Mark Products Market Outlook
9.2.4.3.1. Market Size & Forecast
9.2.4.3.1.1. By Value
9.2.4.3.2. Market Share & Forecast
9.2.4.3.2.1. By Product Type Market Share Analysis
9.2.4.3.2.2. By Price Category Market Share Analysis
9.2.4.3.2.3. By Distribution Channel Market Share Analysis
9.2.4.4. Turkey Anti-Stretch Mark Products Market Outlook
9.2.4.4.1. Market Size & Forecast
9.2.4.4.1.1. By Value
9.2.4.4.2. Market Share & Forecast
9.2.4.4.2.1. By Product Type Market Share Analysis
9.2.4.4.2.2. By Price Category Market Share Analysis
9.2.4.4.2.3. By Distribution Channel Market Share Analysis
10. South America Anti-Stretch Mark Products Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type Market Share Analysis
10.2.2. By Price Category Market Share Analysis
10.2.3. By Distribution Channel Market Share Analysis
10.2.4. By Country Market Share Analysis
10.2.4.1. Brazil Anti-Stretch Mark Products Market Outlook
10.2.4.1.1. Market Size & Forecast
10.2.4.1.1.1. By Value
10.2.4.1.2. Market Share & Forecast
10.2.4.1.2.1. By Product Type Market Share Analysis
10.2.4.1.2.2. By Price Category Market Share Analysis
10.2.4.1.2.3. By Distribution Channel Market Share Analysis
10.2.4.2. Argentina Anti-Stretch Mark Products Market Outlook
10.2.4.2.1. Market Size & Forecast
10.2.4.2.1.1. By Value
10.2.4.2.2. Market Share & Forecast
10.2.4.2.2.1. By Product Type Market Share Analysis
10.2.4.2.2.2. By Price Category Market Share Analysis
10.2.4.2.2.3. By Distribution Channel Market Share Analysis
10.2.4.3. Colombia Anti-Stretch Mark Products Market Outlook
10.2.4.3.1. Market Size & Forecast
10.2.4.3.1.1. By Value
10.2.4.3.2. Market Share & Forecast
10.2.4.3.2.1. By Product Type Market Share Analysis
10.2.4.3.2.2. By Price Category Market Share Analysis
10.2.4.3.2.3. By Distribution Channel Market Share Analysis
11. Market Dynamics
11.1. Drivers
11.1.1. Increasing health care awareness
11.1.2. Growing demand for skincare products
11.1.3. Increasing demand from pregnant women
11.2. Challenges
11.2.1. Stringent regulation regarding ingredients
11.2.2. Low product awareness
12. Impact of COVID-19 on Global Anti-Stretch Mark Products Market
13. Market Trends & Developments
13.1. Fluctuation in weight due to increasing obesity rate
13.2. Use of organic components in products
13.3. Shift in marketing strategies
13.4. New product launches
13.5. Increase in online presence
14. Porter’s Five Forces Model
14.1. Competitive Rivalry
14.2. Bargaining Power of Buyers
14.3. Bargaining power of Suppliers
14.4. Threat of New Entrants
14.5. Threat of Substitutes
15. SWOT Analysis
15.1. Strengths
15.2. Weaknesses
15.3. Opportunities
15.4. Threats
16. Competitive Landscape
16.1. Company Profiles
16.1.1. Clarins Group
16.1.1.1. Company Details
16.1.1.2. Product & Services
16.1.1.3. Financials (As Per Availability)
16.1.1.4. Key Market Focus & Geographical Presence
16.1.1.5. Recent Developments
16.1.1.6. Key Management Personnel
16.1.2. E.T. Browne Drug Co., Inc.
16.1.2.1. Company Details
16.1.2.2. Product & Services
16.1.2.3. Financials (As Per Availability)
16.1.2.4. Key Market Focus & Geographical Presence
16.1.2.5. Recent Developments
16.1.2.6. Key Management Personnel
16.1.3. Basq Skin Care, Inc.
16.1.3.1. Company Details
16.1.3.2. Product & Services
16.1.3.3. Financials (As Per Availability)
16.1.3.4. Key Market Focus & Geographical Presence
16.1.3.5. Recent Developments
16.1.3.6. Key Management Personnel
16.1.4. Weleda, Inc.
16.1.4.1. Company Details
16.1.4.2. Product & Services
16.1.4.3. Financials (As Per Availability)
16.1.4.4. Key Market Focus & Geographical Presence
16.1.4.5. Recent Developments
16.1.4.6. Key Management Personnel
16.1.5. Dermaclara, LLC
16.1.5.1. Company Details
16.1.5.2. Product & Services
16.1.5.3. Financials (As Per Availability)
16.1.5.4. Key Market Focus & Geographical Presence
16.1.5.5. Recent Developments
16.1.5.6. Key Management Personnel
16.1.6. Mama Mio Ltd
16.1.6.1. Company Details
16.1.6.2. Product & Services
16.1.6.3. Financials (As Per Availability)
16.1.6.4. Key Market Focus & Geographical Presence
16.1.6.5. Recent Developments
16.1.6.6. Key Management Personnel
16.1.7. L'Oréal S.A.
16.1.7.1. Company Details
16.1.7.2. Product & Services
16.1.7.3. Financials (As Per Availability)
16.1.7.4. Key Market Focus & Geographical Presence
16.1.7.5. Recent Developments
16.1.7.6. Key Management Personnel
16.1.8. Luxor Investments LLC (First Botany Cosmeceuticals)
16.1.8.1. Company Details
16.1.8.2. Product & Services
16.1.8.3. Financials (As Per Availability)
16.1.8.4. Key Market Focus & Geographical Presence
16.1.8.5. Recent Developments
16.1.8.6. Key Management Personnel
16.1.9. Honasa Consumer Ltd.
16.1.9.1. Company Details
16.1.9.2. Product & Services
16.1.9.3. Financials (As Per Availability)
16.1.9.4. Key Market Focus & Geographical Presence
16.1.9.5. Recent Developments
16.1.9.6. Key Management Personnel
16.1.10. Himalaya Global Holdings Ltd.
16.1.10.1. Company Details
16.1.10.2. Product & Services
16.1.10.3. Financials (As Per Availability)
16.1.10.4. Key Market Focus & Geographical Presence
16.1.10.5. Recent Developments
16.1.10.6. Key Management Personnel
17. Strategic Recommendations/Action Plan
17.1. Key Focus Areas
17.2. Target Regions & Countries
17.3. Target Product Type
17.4. Target Distribution Channel
18. About the Publisher & Disclaimer
(Note: The companies list can be customized based on the client requirements.)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Clarins Group
  • E.T. Browne Drug Co., Inc.
  • Basq Skin Care, Inc.
  • Weleda, Inc.
  • Dermaclara, LLC
  • Mama Mio Ltd
  • L'Oréal S.A.
  • Luxor Investments LLC (First Botany Cosmeceuticals)
  • Honasa Consumer Ltd.
  • Himalaya Global Holdings Ltd.