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Facial essence are lightweight, hydrating liquid which offers moisture content to skin to keep it healthy and fresh. Growing personal care industry across the globe is expected to drive growth of the facial essence market over the forecast period. For instance, according to the International Trade Administration (ITA), in 2014, per capita expenditure on cosmetic products was US$ 139 in the U.S., US$ 171 in South Korea, and US$ 174 in Japan. Thus, high per capita spending on skin care and cosmetic products is expected to boost growth of the global facial essence market over the forecast period.

Market Dynamics:-

Increasing disposable income and high per capita spending on makeup and cosmetic products is expected to drive growth of the global facial essence market over the forecast period. For instance, according to the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products was US$ 139 in the U.S.

However, stringent government regulations imposed on skincare products is expected to restrain the global facial essence market growth over the forecast period. For instance, U.S. Food and Drug Administration (FDA) is restricting usage of harmful chemicals in cosmetics or skin care products under various regulations such as 21CFR700.15, 21CFR700.19, and 21CFR 700.11.

Market Outlook:-

Among regions, Asia Pacific held a significant market share in the global facial essence market in 2018. Rising preference for organic products over chemical-based products, rising disposable income, and significant growth of personal care industry in the region are some of the major drivers for the market growth. For instance, according to the International Trade Administration (ITA), Japan stands as one of the largest market for personal care products in the world. In 2015, the cosmetic market in Japan was valued at US$ 13,208 and according to the same source, in 2014, per capita annual expenditure on personal care and cosmetics was US$ 174.

Amongst end user, women segment held dominant position in the global facial essence market in 2018, owing to increasing working women population and rising disposable income of women are the major factors that are expected to drive growth of the segment in the global facial essence market. For instance, according to the United States Department of Labor, total annual median earnings of women in 2014 was US$ 40,168, which increased to reach US$ 41,554 in 2016 in the U.S. According to the same source, number of women in workforce was 72,722 thousand in 2013, which increased to reach 74,432 thousands in 2016 in the U.S.

Amongst distribution channels, online channel segment held a significant market share in the global facial essence market in 2018. Online channel offers customer an opportunity to order anything at a customer’s doorstep. Furthermore, online segment offers options such as free shipping, home delivery, on-time delivery, easy exchange and return, and discounts.

Key Players:-

Players operating in the global facial essence market include Helena Rubinstein, Lancome, Loreal Paris, Kiehls, Olay, Estee Lauder, Dior, Biotherm, Hera, Guerlain, Origins, La Mer, Clinique, Innisfree, and Shu Uemura.

Market Taxonomy:-

On the basis of product type, the global facial essence market is segmented into:

  • Liquid
  • Paste
  • Gel

On the basis of end user, the global facial essence market is segmented into:

  • Men
  • Women

On the basis of distribution channel, the global facial essence market is segmented into:

  • Hypermarket
  • Supermarket
  • Departmental Store
  • Specialty Stores
  • Online Channel

On the basis of region, the global facial essence market is segmented into:

  • North America
    • S.
    • Canada
  • Europe
    • K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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