The market size of pore strips is expected to reach USD 7 billion in 10 years, up from USD 3.8 billion in 2023. Increasing disposable income will drive market growth. Asia Pacific has emerged as the world’s largest Pore Strips market region, capturing 43.3% market revenue share in 2023.
NEWARK, April 17, 2024 (Globe Newswire) — Brainy Insights estimates the US$3.8 billion pore strip market will reach US$7 billion by 2033. People believe that pore strips are simple and instantly effective. Alternatives, such as scrubs, must be used for a specific period of time and in long-term procedures before they have their intended effect. This aspect is expected to increase the demand for the product in the near future, especially among younger consumers who value quick resolutions. In the coming years, market growth will also be favorably influenced by the expansion of retail channels by well-known brands such as Estée Lauder, Sephora, and Shiseido. We have partnered with Coty, a multinational cosmetics company with global operations. In May 2020, we partnered with skin and beauty shop Douglas to introduce Kylie Jenner’s skin care line “Kylie Skin” to more than 25 countries in Europe.
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This expansion has been facilitated by the entry of non-bank companies into the payments market. Retailers are starting to expand into online retailing as so many consumers prefer virtual marketplaces to purchase various products. Throughout the forecast period, these developments are expected to have a beneficial impact on the market growth. Emerging markets and growing demand for goods from abroad are driving more online purchases. Local e-commerce businesses such as his Flipkart in India and his Tmall in China are preferred by customers in developing countries such as China and India. Due to the global recession, consumer spending has declined slightly in the United States and some European countries.
Report scope details
|
Report scope |
detail |
|
Forecast period |
2024-2033 |
|
base year |
2023 |
|
Market size in 2023 |
$3.8 billion |
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Market size in 2033 |
7 billion dollars |
|
CAGR |
6.4% |
|
Number of pages in the report |
237 |
|
Target segment |
By ingredient, by end user, by region |
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driver |
Emergence of new products on the market |
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Key Insights on the Global Pore Strips Market
Asia Pacific region will account for the largest market size during the forecast period.
Men use pore strips more often in their personal care routines, as they are gender-neutral and have an effect on enlarged pores caused by excess oil production in the skin. The strong adhesion of these products helps remove blackheads and excess oil buildup. For these reasons, customers in Asia Pacific are expected to adopt the product more broadly. Furthermore, in January 2021, Kao Corporation, a well-known Japanese chemical and cosmetics business, partnered with top lifestyle retailer Nykaa to launch the famous brand ‘Biore Skin Care’ in India. Pore strips and other skin care products specific to skin issues such as enlarged pores are manufactured and distributed by Biore Skin Care.
The non-charcoal segment dominated the market with the most significant revenue of USD 2.24 billion.
The non-charcoal segment dominated the market with the most significant revenue of USD 6.68 billion. Non-charring pore strips are an example of the natural and plant-based ingredient trend in skin care products in recent years. Pore strips are in high demand as more people seek more natural alternatives to traditional beauty products. Non-charcoal pore strips offer a way to achieve clean, clear pores without harsh chemicals or artificial ingredients.
The household segment dominated the market with the most significant revenue of USD 2.09 billion.
The household segment dominated the market with the most significant revenue of USD 2.09 billion. Pore strips for home use are convenient and easy to use, and are commonly available in stores and online. It is often used in addition to daily skin care to improve the appearance of skin by removing blackheads and other dirt from pores.
Market dynamics:
Driver: Increased per capita income
Global per capita income has recently increased significantly, especially in emerging countries. In many emerging and developed countries, rapid growth in female labor force participation, a growing middle-class consumer base, and increasing urbanization are all contributing to the adoption of convenience-oriented lifestyles and increasing demand for beauty products. Demand is increasing. According to estimates, over the next ten years, her per capita income growth in emerging countries will significantly exceed that of developed countries. This has a significant impact on the growth of the Pore Strips market.
Inhibition: Pore strips are not suitable for people with sensitive or thin skin.
Dark spots on the skin can occur if you use pore strips too much. Pore strips can be abrasive for people with thin or sensitive skin, as they can cause skin irritation and red rashes. Polyquaternium-37, a polymeric quaternary ammonium salt, can irritate thin or delicate skin when used as an ingredient in pore strips. Additionally, many customers experienced undesirable side effects from using Pore Strips, such as shattering of small capillaries and blood vessels.
Opportunity: Increase in social media marketing
Social media marketing is one of the key methods that many businesses and sectors employ to educate their target markets about their services. Therefore, we believe that the global cosmetics market has huge opportunities to gain momentum and expand customer reach in target categories through social media marketing techniques. By increasing the participation of working women, countries can expand their workforces and experience greater economic growth. Additionally, the market share of pore strips is rising as more women enter the workforce.
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The major companies operating in the Pore Strips market are:
●Walgreen Company.
●Earth Therapeutics
● L’Oreal
●Bossia
●Kao Corporation
●Alta Beauty
●Sephora
●Tony Moly Co., Ltd.
●Hip hop
Key segments covered in the market:
By ingredient:
●Charcoal
●Non-charcoal
By end user:
●Salon
● Home
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About the report:
The global Pore Strips market is analyzed on the basis of value (US$ Billion). All segments are analyzed on global, regional and country basis. The study includes analysis of more than 30 countries in each part. The report offers an in-depth analysis of drivers, opportunities, restraints, and challenges to gain key market insights. This research includes Porter’s Five Forces Model, attractiveness analysis, raw materials analysis, demand and supply analysis, competitive position grid analysis, distribution, and marketing channel analysis.
About Brainy Insights:
The Brainy Insights is a market research company that aims to provide actionable insights to improve business acumen for companies through data analysis. We have robust predictive and estimation models to help our clients achieve their goals of achieving high-quality results in a short period of time. We offer both customized (client-specific) and syndicated reports. The repository of syndicated reports is diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet our clients’ requirements, whether they are looking to expand in global markets or planning to launch a new product.
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