The global ampoule cream market size is expected to reach USD 635.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. The market is driven by consumer spending on specific skin care products to target one issue at a time. Moreover, drastic changes in purchasing power of consumers in developing countries such as China and India is anticipated to increase the demand for cosmetic products over the forecast period.
The market is driven by high growth of the personal care products industry in Asia Pacific, along with rise in sales of facial care products. Demand for ampoule creams is mostly observed in South Korea and China owing to concentration of various manufacturers in this region. Not only women, Korean men are also spending increasingly on cosmetics products in order to improve their skin and appearance. They are the world’s largest per capita consumers of skincare products leading to the market growth in the region.
The market growth is attributed to leading number of manufacturers and distributors entering the skin care industry. Increasing demand for the products that help in hydrating the skin, maintaining moisturizing property of skin, color complexion, and soft skin is a key factor driving the market. Moreover, impact of e-commerce channels, specialty and convenience stores, and beauty stores provides a growth opportunity for ampoule cream in the market.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/ampoule-cream-market
Growing consumer awareness regarding multi-functional products such as anti-aging, moisturizing, and firming skin types in the market will fuel the product demand in the ampoule cream market. Various manufacturers are taking initiatives such as product launches, acquisitions, and promotional campaigns to establish their foothold in the market. Some of the prominent manufacturers in this market are Amway Corp.; The Estée Lauder Companies Inc.; Coreana Cosmetics Co. Ltd.; and Mizon Co. Ltd. For instance, in October 2017, Leegeehaam Cosmetics launched a new product as Hyal B5 Toner ampoule cream formulated with vitamin B3, B5, and 5 hyaluronic complex for optimum level of hydration.