Opportunities in the Asia-Pacific Skincare Sector: Analysis of Opportunities Offered by High growth Economies
Summary
“Opportunities in the Asia-Pacific Skincare Sector”, report brings together multiple data sources to provide a comprehensive overview of the region’s skincare sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.
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. 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. Private label skincare products acounted for 1.4% share of total value sales in the region’s skincare sector in 2018.
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.
