The market size of cosmetic serums market on a global scale was notably large in the year 2020 and is projected to experience a substantial increase in revenue with a rapidly growing compound annual growth rate (CAGR) from 2021 to 2028. The surge in market revenue can be attributed to several key factors, including the rise of companies endorsed or owned by celebrities and the growing demand for luxury products.
A cosmetic serum refers to a substance applied to the skin with the purpose of achieving cosmetic benefits. Typically, it is a concentrated formula that is water-based and non-greasy. Cosmetic serums serve as skincare treatments, delivering a high concentration of active ingredients to the skin. These serums come in a diverse range of forms and offer various functions, encompassing hydration and skin lightening, among others.
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Top Profiled Companies in the Global Hair Care Serum Market Report:
- Beiersdorf AG
- CHANEL Ltd.
- Coty Inc.
- Henkel AG and Co. KGaA
- Kao Corporation
- LOreal SA
- LVMH Moet Hennessy Louis Vuitton SE
- Shiseido Corporation Ltd.
- The Estee Lauder Companies Inc.
- The Procter and Gamble Corporation
Major Driving Factors of Hair Care Serum Market
- Increasing Demand for Anti-Aging Products: With the global population aging and growing awareness about skincare and beauty, there is a rising demand for anti-aging products. Cosmetic serums, known for their potent active ingredients and targeted formulations, are popular choices for combating signs of aging such as wrinkles, fine lines, and sagging skin.
- Growing Consumer Focus on Skincare: Consumers are becoming more conscious about their skincare routines and are investing in high-quality products. Cosmetic serums offer specialized solutions for various skin concerns, including hydration, brightening, acne control, and skin texture improvement. The desire for healthy and radiant skin has fueled the demand for cosmetic serums.
- Rising Disposable Income and Urbanization: Economic growth, increasing disposable income, and urbanization in developing countries have expanded the consumer base for cosmetic products, including serums. As more people have the financial means to invest in personal care and beauty products, the demand for cosmetic serums has witnessed a significant upswing.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Skin Sun Care Serum
- Hair Care Serum
Application Outlook (Revenue, USD Billion; 2018-2028)
- Households
- Salon
- Entertainment Industry
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Retail
- Others
Key Takeaways of the Global Hair Care Serum Market Report:
- A comprehensive overview of the global Cosmetic Serum industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Hair Care Serum Market.
- Elaborate study of the leading regional markets in the global Hair Care Serum Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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