Products that provide relief to the skin, given the consequences caused by Covid-19 from constant hand washing and mask use, are other items that consumers value today. In this new commercial reality, market opportunities are identified for hygiene and personal care items that are manufactured with natural ingredients and produced with environmentally friendly materials. Alexis Perakis-Velat Countries Central America Asia China Europe United States of América Insight cosmetics market business opportunities market opportunities Business opportunities consumption increase consumption Personal Hygiene personal care Personal care Business and Investment More on this topic Personal Care: Opportunities in the New Reality Goods cosmetics organic cosmetics beauty products Key entities L'Oréal Estée Lauder Co. The region contributes 60% to the business line and is growing at a rate of 10% to 12% a year compared to a world average of 8% to 9%.
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is developing more and more products for their Lab Series focusing on the male market, with Asia primarily in mind. 'If you live in central China in winter, you are happy to use a good moisturizer on your skin'. "Alexis Perakis-Velat, Vice President for Asia Pacific of L'Oréal SA, believes that climate influences the trend, largely because China and South Korea have cold, dry winters and hot, humid summers. $25.30, Korean men in 2013 spent three times more than the Danes, who were second in the ranking.
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But the sale of skin care products for men is growing at a much faster rate, 9.4% per year compared with 4.8% in the case of products for women. "Men are still far from from rivaling the market for female skin care products, which is equivalent to over 30 times that of men, with $107,600 million in 2013. China, including Hong Kong, is the largest Asian market for men's skin care products with the equivalent of $974.8 million, an amount that could increase to $1.2 billion in 2014. Adding up to a total expense of $2.1 billion, Asian men outpace those in the U.S., who spent $286.4 million and Western European men who spent $682.9 million on personal care products in 2013.
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