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Global Face Balm Market to reach USD 451.39 million by the end of 2030.

Global Face Balm Market Size study & Forecast, by Application (Commercial, Household), by End Use (Men, Women), by Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030

Product Code: OIRPC-20394670
Publish Date: 13-07-2023
Page: 200

Global Face Balm Market is valued at approximately USD 215.23 million in 2022 and is anticipated to grow with a CAGR of more than 9.70% over the forecast period 2023-2030. Face balm is a type of skincare product that is specifically formulated to provide nourishment, hydration, and protection to the skin on the face. It is typically a thick, creamy, or waxy substance that is designed to be applied topically. Moreover, rising household disposable income and rising use of skin care products are anticipated as the growth drivers of this market. Furthermore, the rising cosmetic industry and expansion of the e-commerce market elevate the market during the forecasted period 2023-2030.

According to Statista in 2021, the United States recorded the highest gross adjusted per capita household disposable income among Organization for Economic Co-operation and Development (OECD) countries, reaching approximately USD 62,335. Luxembourg ranked second with around USD 51,465, closely followed by Australia in third place. According to Statista in 2023, the skin care segment of the beauty & personal care market is expected to experience continuous revenue growth from 2023 to 2027, with a total increase of USD 25.9 billion which is 16.61 percent by 2027, the estimated revenue is expected to reach approximately USD 181,534.92 million. Thus, the rapidly growing adaptation of cosmetic or skin care products among consumers and attracting customers through various influencer marketing, significantly contribute to the rise of the Global Face Balm Market. However, rapidly changing consumer preferences and increasing potential skin allergies may hamper the growth of this market during the forecasted year 2023-2030.

The key regions considered for the Global Face Balm Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific region dominates the face balm market due to a large consumer base, the influence of K-beauty and J-beauty trends, urbanization, and the expansion of e-commerce. These factors contribute to the region’s strong market presence and highlight the demand for face balms in this dynamic and diverse market. Asia Pacific region is the fastest-growing region in the global face balm market due to expanding middle-class population, rapid urbanization, changing consumer preferences, the influence of social media and beauty trends. These factors have propelled the region’s growth, presenting significant opportunities for companies operating in the face balm market.
Major market player included in this report are:
Weleda AG
UpCircle Beauty
Nuxe Group
Naturium Solutions LLP
W.S. Badger Co. Inc.
Pangaea Holdings Inc.
Pinch of Colour LLC
Silicon2 Co., Ltd.
Salty Family Group Co., Ltd.
Franline Ltd
Recent Developments in the Market:
Ø In June 2020, Unilever announced a significant change for their skincare products. They are no longer using words such as “fair,” “fairness,” “white,” “whitening,” and “light” in the packaging and marketing materials. This shift reflects Unilever’s commitment to embracing a more inclusive vision of beauty. As part of this transformation, the Fair & Lovely brand name is also being modified in the upcoming months.

Ø In September 2022, L’Oreal might be sued for making collagen promises that reduce wrinkles. The products are unable to “smooth wrinkles” and “restore skin’s cushion” as the labels claim because topically administered collagen is too big to be absorbed by the epidermis, the top layer of skin.

Global Face Balm Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, End Use, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

By End Use:

By Distribution Channel:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Face Balm Market, by Region, 2020-2030 (USD Million)
1.2.2. Face Balm Market, by Application, 2020-2030 (USD Million)
1.2.3. Face Balm Market, by End User, 2020-2030 (USD Million)
1.2.4. Face Balm Market, by Distribution Channel, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Face Balm Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Face Balm Market Dynamics
3.1. Face Balm Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising Household Disposable Income Rising Use of Skin Care Products
3.1.2. Market Challenges Increased knowledge of the harmful implications of chemical-based cosmetics
3.1.3. Market Opportunities Rising Cosmetic Industry Expansion of E-Commerce Market
Chapter 4. Global Face Balm Market End User Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. End User Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Face Balm Market, by Application
5.1. Market Snapshot
5.2. Global Face Balm Market by Application, Performance – Potential Analysis
5.3. Global Face Balm Market Estimates & Forecasts by Application 2020-2030 (USD Million)
5.4. Face Balm Market, Sub Segment Analysis
5.4.1. Commercial
5.4.2. Household
Chapter 6. Global Face Balm Market, by End User
6.1. Market Snapshot
6.2. Global Face Balm Market by End User, Performance – Potential Analysis
6.3. Global Face Balm Market Estimates & Forecasts by End User 2020-2030 (USD Million)
6.4. Face Balm Market, Sub Segment Analysis
6.4.1. Men
6.4.2. Women
Chapter 7. Global Face Balm Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Face Balm Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Face Balm Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Million)
7.4. Face Balm Market, Sub Segment Analysis
7.4.1. Online
7.4.2. Offline
Chapter 8. Global Face Balm Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Face Balm Market, Regional Market Snapshot
8.4. North America Face Balm Market
8.4.1. U.S. Face Balm Market Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Face Balm Market
8.5. Europe Face Balm Market Snapshot
8.5.1. U.K. Face Balm Market
8.5.2. Germany Face Balm Market
8.5.3. France Face Balm Market
8.5.4. Spain Face Balm Market
8.5.5. Italy Face Balm Market
8.5.6. Rest of Europe Face Balm Market
8.6. Asia-Pacific Face Balm Market Snapshot
8.6.1. China Face Balm Market
8.6.2. India Face Balm Market
8.6.3. Japan Face Balm Market
8.6.4. Australia Face Balm Market
8.6.5. South Korea Face Balm Market
8.6.6. Rest of Asia Pacific Face Balm Market
8.7. Latin America Face Balm Market Snapshot
8.7.1. Brazil Face Balm Market
8.7.2. Mexico Face Balm Market
8.8. Middle East & Africa Face Balm Market
8.8.1. Saudi Arabia Face Balm Market
8.8.2. South Africa Face Balm Market
8.8.3. Rest of Middle East & Africa Face Balm Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Weleda AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. UpCircle Beauty
9.3.3. Nuxe Group
9.3.4. Naturium Solutions LLP
9.3.5. W.S. Badger Co. Inc.
9.3.6. Pangaea Holdings Inc.
9.3.7. Pinch of Colour LLC
9.3.8. Silicon2 Co., Ltd.
9.3.9. Salty Family Group Co., Ltd.
9.3.10. Franline Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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