Fact.MR has recently added a new report to its vast online database. This research study is titled as “Cosmetic Wipes Market Report” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.
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The demand for cosmetic wipes is increasing day by day due to its ever expanding range of uses. Cosmetics wipes are used for a variety of purposes such as baby care, for washing hands, feminine and other personal cleansing, for application of products such as deodorants, for removing makeup, and various other uses. The market for cosmetic wipes is booming due to the fact consumers today want convenience that aids their ‘on the go’ lifestyle, and products that save both their precious time and energy. The latest trends in the cosmetics wipes market include proliferation of herbal or botanical based wipes in the skin care segment. Also, wipes using the natural extracts such aloe vera, etc. are becoming popular. Also, besides this, anti-ageing and related products are witnessing strong growth amongst the facial care category. In this category, getting rid of the wrinkles and hyper pigmentation, making the skin tone even, brightening and sculpting and firming are the segments where cosmetic wipes are making their mark. Besides, trends like offering customized products especially targeting the millennial generation are also prominent. Last but not the least, the category of cosmetic wipes that is apt for environmental protection and offers protection from the UV rays and pollutants are also popular.
Cosmetic wipes are meant for cleansing or moisturizing the skin, hand washing, makeup removal, washing the body when bathing is not practical, maintaining feminine hygiene or other personal cleansing and for applying products such as deodorants. These cosmetic wipes are of different types are serve different purposes and aid in the today’s fast paced lifestyle and are designed to save both time and energy of the consumer.
4 Forecast Highlights on Global Cosmetic Wipes Market
1) As per the forecast of Fact.MR, the dry wipes segment is slated to touch a value of US$ 601.2 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The dry wipes segment is estimated to account for nearly one-third of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
2) As per the forecast of Fact.MR, the drug stores cosmetic wipes segment will reach a value of US$ 312.1 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The drug stores cosmetic wipes segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
3) As per the forecast of Fact.MR, the acne-prone wipes segment is slated to reach a value of US$ 557.6 Mn in 2022. The acne-prone wipes segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the acne-prone wipes segment.
4) Fact.MR forecasts that the absorbent cotton cosmetic wipes segment will exhibit a CAGR of 2.8% from 2017 to 2022. Absorbent cotton cosmetic wipes segment is estimated to account for more than one-third of the revenue share of the material used segment by 2017 end and is expected to lose some market share by the end of the year 2022.
Modern Trade Segment to exhibit a CAGR of 3.2% during the Assessment Period
As per the forecast of Fact.MR, the modern trade segment is slated to touch a figure of US$ 629.5 Mn in the year 2022. This represents a CAGR of 3.2% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The modern trade segment is expected to account for more than one-third of the revenue share of the distribution channel segment by the year 2017.
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Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global cosmetic wipes market through 2022, which include Johnson & Johnson, Procter & Gamble, Kimberly-Clark, Svenska Cellulosa Aktiebolaget SCA, Nice-Pak Products, Hengan International Group Company Limited, Rockline Industries, Diamond Wipes International and Albaad Massuot.
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