Charcoal Facewash Market Anticipated to Garner $5,430.6 Million, Growing at a 5.3% CAGR in the 2022-2031 Timeframe [290-Pages] | Calculations by Research Dive

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02 Jun, 2023, 10:30 GMT

The global charcoal facewash market is expected to grow primarily due to the growing need for skincare products that are efficient and safe. Male sub-segment is expected to flourish immensely. The market in the Asia-Pacific region is predicted to grow at a high CAGR by 2031.

NEW YORK, June 2, 2023 /PRNewswire/ -- Global Charcoal Facewash Market Forecast Analysis:

As per the report published by Research Dive, the global charcoal facewash market is expected to register a revenue of $5,430.6 million by 2031, at a CAGR of 5.3% during the forecast period 2022-2031.

Segments of the Charcoal Facewash Market

The report has divided the charcoal facewash market into the following segments:

  • Application: cleansing, skin exfoliation, oil & acne control, and others
    • Cleansing – Most dominant in 2021
      The charcoal facewash effectively removes dirt and dust from the skin, making it clean and feeling refreshed. This is expected to push the growth of this sub-segment further.
  • Gender: male, female, and unisex
    • Male– Highest market share in 2021
      A rise in the need for products that are specifically designed to meet the skincare needs of males is expected to boost the sub-segment in the 2022-2031 timeframe.
  • Distribution Channel: hypermarket/supermarket, specialty stores, pharmacies, and online sales channel
    • Hypermarket/Supermarket– Most profitable in 2021
      Customers prefer to shop for personal care items in a one-stop-shop environment, and product pricing at hypermarkets/supermarkets is typically lower than at other retail shops. This is expected to propel the sub-segment forward.
  • Region: North America, Europe, Asia-Pacific, and LAMEA
    • Asia-Pacific – Significant market share in 2021
      Increasing personal hygiene and skin care awareness, as well as the popularity of natural and organic skincare products, are predicted to propel the market in the forecast period.

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Dynamics of the Global Charcoal Facewash Market

The growing consciousness among people regarding the benefits of charcoal facewash is expected to make the charcoal facewash market a highly profitable one in the forecast period. Additionally, the increasing demand for natural and organic products among consumers is predicted to propel the market forward. However, growing government regulations regarding the use of particular ingredients in personal care products and the accessibility of substitute facewashes might become a restraint in the growth of the market.

Increased use of e-commerce and social networking sites is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, the low cost of charcoal facewash has made it a popular choice among customers, which is expected to propel the charcoal facewash market forward in the coming period.

COVID-19 Impact on the Global Charcoal Facewash Market

The COVID-19 pandemic disrupted the routine lifestyle of people across the globe, and the subsequent lockdowns adversely impacted the industrial processes across all sectors. However, the market for charcoal facewash experienced stable demand and a favorable outcome since more people were aware of the significance of maintaining good personal hygiene and cleanliness. Moreover, during the pandemic, due to stringent lockdowns, people had time to enhance their skincare regimes and explore new cosmetic products. Face cleansers, masks, and toners witnessed a considerable increase in demand during COVID-19 to improve skin health. These factors are projected to fuel the market growth amidst the pandemic.

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Key Players of the Global Charcoal Facewash Market

The major players of the market include

  • Clinique
  • Guangzhou Zuofun Cosmetics Co. Limited
  • L'Oréal S.A.
  • Biocrown Biotechnology Co. Ltd
  • BuyWOW
  • Pond's
  • Bioré
  • Oxyglow Cosmetics
  • Natures Organics
  • Olay

These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.

For instance, in November 2022, Bombay Shaving Company, a renowned men's grooming brand that provides customers in India with excellent products, launched its promotion for activated bamboo charcoal face wash.

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What the Report Covers

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

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