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Pharmacy benefit management market
MICELLAR WATER SALES MARKET REPORT OVERVIEW
The global micellar water sales market size was USD 156 million in 2021 and is projected to touch USD 343.08 million by 2031 at CAGR 8.2% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with micellar water sales experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Micellar water is a type of water-based cleansing agent used to disintegrate and remove debris, oil, and makeup from the skin. It is a mild substitute for typical face washes and is suitable for all skin types. It is essential for cleansing because it doesn't utilize harsh chemicals or scrubbing, which can irritate or harm the skin. A type of washing water called micellar water is used to remove makeup and other skin care items. It is a skin-cleansing solution with a water base. Furthermore, perspiration and oil are removed with it. There are numerous formulations of Micellar Makeup Remover, including facial cleansers, toners, and moisturizers.
The makeup is broken down into tiny bits by the product's action, making it simple to remove with a thorough water wash. Little oil droplets suspended in purified and demineralized water make up the substance known as micellar washing water. Micelles operate as a magnet, drawing in contaminants like oil, dust, and even cosmetics on the skin's surface. Micellar cleansing water works to remove any filth already on the skin's surface without changing the skin's oil balance. Therefore, it has no negative effects. The chemical residue is not left on the skin after using micellar washing water. It doesn't hurt the skin and doesn't make it dry or irritated, either.
COVID-19 Impact: Lesser Use of Cosmetics Hampered Market Growth
The COVID-19 lockout situation hampered the global micellar cleansing market. Sales and revenue have dramatically fallen due to the closure of distribution channels such as specialty shops, supermarkets, beauty parlors, and others. Consumers' preferences first impacted the micellar water sales market for essential food over beauty products. The micellar cleansing water market has suffered in terms of output as a result of the closure of numerous manufacturing facilities, which has left a staffing gap. Due to the lockout scenario and transit restrictions, the micellar cleansing water supply chain was interrupted globally, limiting product availability in offline distribution channels. Lack of mobility has led to e-commerce sales declining due to late deliveries.
LATEST TRENDS
"Rising Awareness About Makeup Products Boosted the Market Growth"
Growing consumer awareness of the product's benefits such as its quick and simple usage as a cleanser and its effectiveness in removing makeup without leaving any greasy residue is one of the main drivers driving the market revenue growth for micellar cleansing water. Additional benefits of micellar water over other kinds of cleansing techniques include convenience in treating acne and encouraging hydration and moisturization of the skin. Other significant factors anticipated to drive the expansion of the global micellar cleansing water market's revenue include the developing E-commerce industry and consumers' increasing preference for online shopping, particularly during the global lockdown caused by the spread of the coronavirus.
MICELLAR WATER SALES MARKET SEGMENTATION
- By Type Analysis
By type, the market is segmented into mass markets and luxury/pharmacy markets.
- By Application Analysis
Based on application, the market is classified into independent retailers, online sales, and others.
DRIVING FACTORS
"Rising Disposable Income to Surge the Adoption of Micellar Water"
The global micellar market is also anticipated to grow as a result of changes in lifestyle, rising disposable income in developing nations, and rising health consciousness. Because it functions as a toner, cleanser, makeup remover, and purifier all in one, the micellar water solution is extremely adaptable. In comparison to other cosmetics, it is exceptionally effective for sensitive and oily skin and contains very few harmful chemicals. The demand for micellar water increased due to the rising disposable income, which boosts the consumption of cosmetics and makeup removers.
"Growing Desire to Look Beautiful to Propel Market Growth "
Due to the growing influence of movies, music videos, and social media, the youth population is increasingly motivated to improve the appearance of their skin, which has led to an increase in the use of the product. For instance, the increasing popularity of Korean pop culture among young people has increased the use of makeup products, which has led to an increase in the product's consumption. The adoption of cosmetic products increased by virtue of hygienic lifestyles and presentable looks. These factors are forecasted to augment the micellar water market growth.
RESTRAINING FACTORS
"Side Effects On Excess Use of Product May Affect the Market Growth"
The excess use of micellar water on the skin may lead to headaches, acne, and spots as it is manufactured with alcohol and other chemical products. This factor is likely to hamper the micellar water sales market growth in the forthcoming years.
MICELLAR WATER SALES MARKET SEGMENTATION REGIONAL INSIGHTS
"Europe to Lead the Market Due to the Rising Consumption of Cosmetic Products"
Europe is predicted to hold approximately 30% of the overall micellar water sales market share due to the higher consumption of cosmetic products in the region. The rising demand for personal care products is also forecasted to contribute to regional growth.
Asia Pacific and North America are expected to hold about 50% of the overall market share owing to the rising desire among women for beautiful and flawless skin, and the expanding consumption rate of cosmetic products.
KEY INDUSTRY PLAYERS
"Key Companies to Emphasis On the Development of Advanced Technology"
Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market.
LIST OF TOP MICELLAR WATER SALES COMPANIES
- L’Oreal (France)
- Bioderma (France)
- Unilever (U.K.)
- Beiersdorf (Germany)
- LVMH (France)
- P&G (U.S.)
- Pierre Fabre (Avène) (France)
- AVON (U.K.)
- Johnson & Johnson (U.S.)
- Estee Lauder (U.S.)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2024 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 156 Million in 2021 |
Market Size Value By |
US$ 343.08 Million by 2031 |
Growth Rate |
CAGR of 8.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What CAGR is the micellar water sales market expected to exhibit by 2031?
The micellar water sales market is expected to exhibit a CAGR of 8.2% by 2031.
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What are the segments of the micellar water sales market?
By type, the micellar water sales market is segmented into mass markets and luxury/pharmacy markets. Based on application, the market is classified into independent retailers, online sales, and others.
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Which are the driving factors of the micellar water sales market?
Rising disposable income to surge the adoption of micellar water and growing desire to look beautiful to propel market growth are the factors driving the micellar water sales market.
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Which are the top companies operating in the micellar water sales market?
LOreal, Bioderma, Unilever, Beiersdorf, LVMH, P&G, Pierre Fabre (Avene), AVON, Johnson & Johnson, and Estee Lauder are the top companies operating in the micellar water sales market.