The blemish balm and color correction market is anticipated to grow at a CAGR of 13.1 % during the forecast period (2022-2028). During the projection period, factors such as the recent shift in weather conditions and the public’s rising awareness of the damaging effects of UV radiation will result in increased demand for Blemish Balm and Color Correction products. In addition, the increased demand for multifunctional advantages in blemish balm and color correction products is expected to boost market growth during the forecast period. Consumer demand for blemish balm creams with a sun protection factor (SPF) and other advantages that give lighter textures is another key element accelerating market expansion. The versatility of these products to function as moisturizers, serums, foundations, and sunscreen to provide customers with young and bright-looking skin will drive up demand during the forecast period.
The global blemish balm and color correction market is segmented based on the type and application. Based on the type, the market is sub-segmented into skincare products, color cosmetic products, and hair care products. Based on the application, the market is sub-segmented into e-commerce, retail store, and others. Among these segments, the color cosmetics segment is expected to propel the growth of the market due to the increasing usage and demand for color cosmetics globally.
The major market players in the global blemish balm and color correction market is Shiseido Industries Ltd., L’Oreal SA, Johnson & Johnson Services Ltd., Estee Lauder Ltd., and Beiersdorf AG among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, Hero Cosmetics introduced the Rescue Balm +Dark Spot Retouch Spot-correcting Apricot Cream and expanded the Rescue Balm +Red Correct Color-correcting Green Cream into a gigantic version. The +Dark Spot Retouch is a new recipe, and the +Red Correct comes in two sizes: 12 ml and 50 ml. Both balms are fragrance-free and packed with antioxidants and peptides. Rescue Balm +Dark Spot Retouch contains apricot encapsulated pigments to color-correct dark spots and soothe dry skin, as well as beta-glucan and oligopeptides to rejuvenate and protect the skin. It costs $12.99. Color-changing capsules in the Rescue Balm +Red Correct Color-Correcting Green Cream balance out skin tone. It’s a green-tinted lotion that replenishes skin while concealing post-blemish patches, zits, and surface redness. For $29.99, you may get a big size 50 ml tube of the balm. The standard 15 ml bottle costs $12.99.
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Competitive Landscape-
Shiseido Industries Ltd., L’Oreal SA, Johnson & Johnson Services Ltd., Estee Lauder Ltd., and Beiersdorf AG among others.
By Type
Skin Care Products
Color Cosmetic Products
Hair Care Products
By Distribution Channel
Online
Offline
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Scope of the Report
The research study analyzes the Global Blemish Balm and Color Correction industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Blemish Balm and Color Correction Market Report
1. What was the Global Blemish Balm and Color Correction Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Blemish Balm and Color Correction Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Blemish Balm and Color Correction Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Blemish Balm and Color Correction market.
- The market share of the Global Blemish Balm and Color Correction market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Blemish Balm and Color Correction market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Blemish Balm and Color Correction market.
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