Global Pore Strips Market By Ingredient (Non-charcoal, Charcoal), By End Use (Home, Salon), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
- Published date: May 2023
- Report ID: 58476
- Number of Pages: 297
Pore Strips Market Overview:
Global pore strips’ market value was USD 1.43 Billion in 2021. The market is forecast to grow at a 6.1% CAGR from 2023 to 2032.
Pore strips are considered to be quick-acting and easy. Some substitutes, like scrubs, require more time and take longer to show results. This will be a factor that will increase product demand in the future, especially for young consumers who like quick solutions. The market growth in the next few decades will also be positively affected by the expansion and opening of new retail outlets for prominent brands such as Estee Lauder or Sephora.
Global Pore Strips Market Scope:
Non-charcoal pore strip was the dominant market player in terms of price, with a more than 71% share in 2021. The rising use of environmentally-sustainable products and changing consumer attitudes have fuelled the demand to find naturally derived ingredients. Non-charcoal skin strips can soothe dry skin and reduce itching. Tea tree oil can be used as an antiseptic. Because of its antimicrobial, anti-inflammatory, and other properties, it is a popular option for treating acne.
Tea tree oil-based porous strips adhere to the skin to remove dirt or oil. This will instantly improve the skin’s appearance. The strips tighten pores because of the beneficial properties of tea tree extract. The segment will see growth due to the aforementioned factors. Activated Charcoal strips reduce pores and bacteria, and help consumers attain healthier skin. These factors are expected to drive product demand, in particular among consumers who spend a lot of time outside and in sunlight.
In order to strengthen their market position, corporations are looking at mergers and acquisitions. These include buying shares in regional firms to expand their geographical reach, increase product ranges and expand customer reach.
The home segment holds a major market share in end-use that occupying over 65.5% in 2021. The market’s growth will be driven by consumers’ growing fashion sensibility. It is expected that a growing number of consumers will opt for simple and inexpensive skincare products at home, rather than spending more money in salons and spas. This is helping to boost product sales. Market players have unique marketing skill that involves promoting products using social media influencers. This has a positive effect on consumers’ buying behavior and purchasing habits. These products are becoming more popular because consumers can store them for their home use, regardless of what time they have.
Biore skincare is one of many product manufacturers marketing their products through multiple outlets, such as premium salons or skin clinics. This allows them to reach a greater number of customers. These marketing efforts will be a major driver of product sales through salons over the next years.
Key Market Segments:
Coty (a global multinational beauty brand), teamed up in May 2020 with Douglas, a beauty and skin retailer, to launch Kylie Skin by Kylie Jenner. The line is available in more than 25 countries throughout Europe. The market growth of pore strips is possible due to the appearance of non-banking financial players in the payments industry. Because many people prefer to buy products online, many retailers are venturing into the retail sector. These trends are expected positively to influence market growth over a forecast period. Online spending continues to rise due to the rising demand for international goods in emerging markets.
Emerging markets such as India and China have a preference for local eCommerce sites, such as Tmall in China or Flipkart in India. Due to the global economic recession, consumers have seen a slight drop in spending in the U.S. and other European countries. Consumers do not want quick fixes. They want long-term, sustainable solutions. There have been rapid advances in skincare technology that have led to permanent and long-term solutions for external factors like pollution and the weather. This has been especially attractive to young and millennial customers, who have shown an increased interest in permanent skin care treatments over quick fixes. Many skincare companies are responding to the crisis by offering hand sanitizers instead of grooming products, as consumers are spending less on them in the last year.
The Asia Pacific accounted for more than 40.5% of the market share in 2021. These pore strips, which are gender neutral, are being increasingly used by men to supplement their skincare routines. As men tend to have larger pores from excessive oil production on their skin, a greater number of them are incorporating pore strips into their daily care routines. These products have strong adhesive capabilities that can help eliminate excess oil production and blackheads. These attributes are expected to drive product adoption by consumers in the Asia Pacific.
In India, Kao Corporation was a prominent Japanese cosmetics and chemical company. It also introduced Biore Skincare to India in January 2021. This partnership was made with Nykaa (a top lifestyle retailer in India). Biore Skincare makes and markets pore strips and other skincare products designed to treat specific skin issues, such as enlarged pores. In the coming years, these initiatives are likely to fuel the Asia Pacific market.
Key Regions and Countries covered in the report:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- South Africa
- Rest of MEA
The market has seen a mix of established players and startups. The market has seen new entrants manufacturing sustainable, organic, and pseudo-natural products in response to consumer demand. Unfortunately, these fake products can be dangerous due to chemical ingredients such as cocamide DEA, parabens, and PEG. Tea tree oil and other essential oils are expected to see higher demand in the future.
Tea tree oil-based skin strips can relieve dry skin, reduce itching or irritation, act antiseptically, and can help with oily skin. Because of its antimicrobial as well as anti-inflammatory properties, it’s a popular choice in treating acne. These factors are predicted to boost product demand in the future. The following players dominate the global bioethanol yeast market.
Market Key Players:
- Walgreen Co.
- Ulta Beauty
- Tonymoly Co., Ltd.
- Hip Hop
- Earth Therapeutics
- Kao Corporation
- Other Key Players
For the Pore Strips Market research study, the following years have been considered to estimate the market size:
Attribute Report Details
Market Size in 2022
Forecast Value in 2032
Short Term Projection Year
Long Term Projection Year
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
North America, Europe, Asia-Pacific, South America, Middle East & Africa
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)What is the size of the Global Pore Strips Market in 2021?
The Global Pore Strips Market size was US$ 1,432 million in 2021.What is the projected CAGR at which the Global Pore Strips Market is expected to grow at?
The Global Pore Strips Market is expected to grow at a CAGR of 6.1% (2023-2032).List the segments encompassed in this report on the Global Pore Strips Market?
Market.US has segmented the Global Pore Strips Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Ingredient, the market has been segmented into Non-charcoal and Charcoal; by End-use, the market has been segmented into Home and Salon.List the key industry players of the Global Pore Strips Market?
Walgreen Co., Ulta Beauty, L’Oréal, Tonymoly Co., Ltd., Boscia, Hip Hop, Earth Therapeutics, Sephora, Kao Corporation, and Other Key Players are engaged in the Pore Strips market.Which region is more appealing for vendors employed in the Global Pore Strips Market?
Asia-Pacific region accounted for the highest revenue share of 40.5%. Therefore, the Global Pore Strips Market industry in APAC is expected to garner significant business opportunities over the forecast period.Name the key areas of business for the Global Pore Strips Market.
China, Japan, India, South Korea, the US, UK, France, Italy, Spain, etc., are key areas of operation for the Global Pore Strips Market.Which segment accounts for the greatest market share in the Global Pore Strips Market industry?
Concerning the Global Pore Strips Market industry, the home end-use segment held the largest revenue share, about 65.5%.
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