Global Face Balm Market is valued at approximately USD 215.23 million in 2022 and is anticipated to grow with a CAGR of more than 9.70% over the forecast period 2023-2030. Face balm is a type of skincare product that is specifically formulated to provide nourishment, hydration, and protection to the skin on the face. It is typically a thick, creamy, or waxy substance that is designed to be applied topically. Moreover, rising household disposable income and rising use of skin care products are anticipated as the growth drivers of this market. Furthermore, the rising cosmetic industry and expansion of the e-commerce market elevate the market during the forecasted period 2023-2030.
According to Statista in 2021, the United States recorded the highest gross adjusted per capita household disposable income among Organization for Economic Co-operation and Development (OECD) countries, reaching approximately USD 62,335. Luxembourg ranked second with around USD 51,465, closely followed by Australia in third place. According to Statista in 2023, the skin care segment of the beauty & personal care market is expected to experience continuous revenue growth from 2023 to 2027, with a total increase of USD 25.9 billion which is 16.61 percent by 2027, the estimated revenue is expected to reach approximately USD 181,534.92 million. Thus, the rapidly growing adaptation of cosmetic or skin care products among consumers and attracting customers through various influencer marketing, significantly contribute to the rise of the Global Face Balm Market. However, rapidly changing consumer preferences and increasing potential skin allergies may hamper the growth of this market during the forecasted year 2023-2030.
The key regions considered for the Global Face Balm Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific region dominates the face balm market due to a large consumer base, the influence of K-beauty and J-beauty trends, urbanization, and the expansion of e-commerce. These factors contribute to the region's strong market presence and highlight the demand for face balms in this dynamic and diverse market. Asia Pacific region is the fastest-growing region in the global face balm market due to expanding middle-class population, rapid urbanization, changing consumer preferences, the influence of social media and beauty trends. These factors have propelled the region's growth, presenting significant opportunities for companies operating in the face balm market.
Major market player included in this report are:
- Weleda AG
- UpCircle Beauty
- Nuxe Group
- Naturium Solutions LLP
- W.S. Badger Co. Inc.
- Pangaea Holdings Inc.
- Pinch of Colour LLC
- Silicon2 Co., Ltd.
- Salty Family Group Co., Ltd.
- Franline Ltd
Recent Developments in the Market:
- In June 2020, Unilever announced a significant change for their skincare products. They are no longer using words such as "fair," "fairness," "white," "whitening," and "light" in the packaging and marketing materials. This shift reflects Unilever's commitment to embracing a more inclusive vision of beauty. As part of this transformation, the Fair & Lovely brand name is also being modified in the upcoming months.
- In September 2022, L'Oreal might be sued for making collagen promises that reduce wrinkles. The products are unable to "smooth wrinkles" and "restore skin's cushion" as the labels claim because topically administered collagen is too big to be absorbed by the epidermis, the top layer of skin.
Global Face Balm Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Application, End Use, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
By End Use:
By Distribution Channel:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Face Balm Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Face Balm Market, by Application, 2020-2030 (USD Million)
- 1.2.3. Face Balm Market, by End User, 2020-2030 (USD Million)
- 1.2.4. Face Balm Market, by Distribution Channel, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Face Balm Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Face Balm Market Dynamics
- 3.1. Face Balm Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising Household Disposable Income
- 3.1.1.2. Rising Use of Skin Care Products
- 3.1.2. Market Challenges
- 3.1.2.1. Increased knowledge of the harmful implications of chemical-based cosmetics
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising Cosmetic Industry
- 3.1.3.2. Expansion of E-Commerce Market
Chapter 4. Global Face Balm Market End User Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. End User Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Face Balm Market, by Application
- 5.1. Market Snapshot
- 5.2. Global Face Balm Market by Application, Performance - Potential Analysis
- 5.3. Global Face Balm Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 5.4. Face Balm Market, Sub Segment Analysis
- 5.4.1. Commercial
- 5.4.2. Household
Chapter 6. Global Face Balm Market, by End User
- 6.1. Market Snapshot
- 6.2. Global Face Balm Market by End User, Performance - Potential Analysis
- 6.3. Global Face Balm Market Estimates & Forecasts by End User 2020-2030 (USD Million)
- 6.4. Face Balm Market, Sub Segment Analysis
Chapter 7. Global Face Balm Market, by Distribution Channel
- 7.1. Market Snapshot
- 7.2. Global Face Balm Market by Distribution Channel, Performance - Potential Analysis
- 7.3. Global Face Balm Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Million)
- 7.4. Face Balm Market, Sub Segment Analysis
- 7.4.1. Online
- 7.4.2. Offline
Chapter 8. Global Face Balm Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Face Balm Market, Regional Market Snapshot
- 8.4. North America Face Balm Market
- 8.4.1. U.S. Face Balm Market
- 8.4.1.1. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. End User breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Face Balm Market
- 8.5. Europe Face Balm Market Snapshot
- 8.5.1. U.K. Face Balm Market
- 8.5.2. Germany Face Balm Market
- 8.5.3. France Face Balm Market
- 8.5.4. Spain Face Balm Market
- 8.5.5. Italy Face Balm Market
- 8.5.6. Rest of Europe Face Balm Market
- 8.6. Asia-Pacific Face Balm Market Snapshot
- 8.6.1. China Face Balm Market
- 8.6.2. India Face Balm Market
- 8.6.3. Japan Face Balm Market
- 8.6.4. Australia Face Balm Market
- 8.6.5. South Korea Face Balm Market
- 8.6.6. Rest of Asia Pacific Face Balm Market
- 8.7. Latin America Face Balm Market Snapshot
- 8.7.1. Brazil Face Balm Market
- 8.7.2. Mexico Face Balm Market
- 8.8. Middle East & Africa Face Balm Market
- 8.8.1. Saudi Arabia Face Balm Market
- 8.8.2. South Africa Face Balm Market
- 8.8.3. Rest of Middle East & Africa Face Balm Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Weleda AG
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. UpCircle Beauty
- 9.3.3. Nuxe Group
- 9.3.4. Naturium Solutions LLP
- 9.3.5. W.S. Badger Co. Inc.
- 9.3.6. Pangaea Holdings Inc.
- 9.3.7. Pinch of Colour LLC
- 9.3.8. Silicon2 Co., Ltd.
- 9.3.9. Salty Family Group Co., Ltd.
- 9.3.10. Franline Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption