The global household beauty appliances market size is expected to reach USD 8.86
billion by 2025 registering a CAGR of 5.3%, according to a new report by Grand
View Research, Inc. Growing demand for advanced beauty appliances is
anticipated to be the major driving factor for the market. Rising awareness
about the benefits of using beauty appliances for the treatment of various skin
and hair related problem is also expected to boost the product demand. The
haircare segment accounts for the major market share on account of increasing
cases of hair problems, such as frizzy and dry hair. Facial care is anticipated
to be the fastest-growing segment due to growing awareness about facial care.
Moreover, companies such as, Philips, and
L’Oreal, are coming up with innovative products, which is contributing to the
segment development. For instance, in January 2019, L’Oreal SA launched the
first wearable microfluidic device, which tracks the skin’s pH level and
provides facial cleansing recommendation on smartphones. Thus, replacement of
conventional medicines for skin treatment with technically advanced beauty care
appliances contributes significantly in escalating the segment growth. The
global market is marked by the presence of major companies including
Koninklijke Philips N.V.; Home Skinovation; Conair Corp.; TRIA Beauty, Inc.;
Vega; Syska; Panasonic Corp.; Carol Cole Company; Croma; and L’Oreal SA.
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https://www.grandviewresearch.com/industry-analysis/household-beauty-appliances-market
https://www.grandviewresearch.com/industry-analysis/household-beauty-appliances-market
Further key findings from the study suggest:
· Facial care segment is anticipated to
register the fastest CAGR of 5.8% over the forecast period owing to rising
awareness about the benefits of using facial care devices
· Haircare led the global market with an
overall market share of 37.7% in 2018 due to extensive use of haircare
appliances, such as, hair dryer, roller, and straightener
· Supermarkets/hypermarkets distribution
channel segment the overall distribution channel of the globe with a market in
2018 on account of the availability of wide range of products in
supermarkets/hypermarkets
· North America was the leading regional
household beauty appliances market in 2018 and will expand further at a steady
CAGR over the forecast period
· The industry is highly competitive and some
of the key companies include Koninklijke Philips N.V.; Home Skinovation; Conair
Corp.; TRIA Beauty, Inc.; lluminage Beauty, Inc.; Spectrum Brands Holdings,
Inc.; Panasonic Corp.; Carol Cole Company; Syneron Medical; and L’Oreal SA
Grand View Research has segmented the
global household beauty appliances market on the basis of product, distribution
channel, and region:
Household Beauty Appliances Product
Outlook (Revenue, USD Million, 2015 - 2025)
·
Haircare
·
Facial Care
·
Body Care
·
Others
Household Beauty Appliances Distribution
Channel Outlook (Revenue, USD Million, 2015 - 2025)
·
Supermarket/Hypermarket
·
Convenience Stores
·
Online
Household Beauty Appliances Regional
Outlook (Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com