Future Market Insights predict a comparison and review analysis for the dynamics of the stretch mark removal products market, which is principally subjected to an array of industry factors along with a few definite influences concerning viewpoints
The market for stretch mark removal products is anticipated to reach US$ 2198.3 Mn by the end of 2032, increasing at a CAGR of 3.6% between 2022 and 2032, according to Future Market Insights (FMI). Although an increasing emphasis on anti-aging care will remain a major driver, FMI analysts discovered that the market is also benefiting from an increasing emphasis on weight loss.
From nourishing the skin to removing stretch marks, the demand for effective skincare products is higher than ever before. This, coupled with better access to skincare products at inexpensive prices, has been aiding the expansion of the stretch mark removal products market.
While cream remains one of the leading categories among products available in the market, consumers are gradually moving in favour of more unconventional products such as oils and serums. This paradigm shift is steered by greater focus on deriving benefits from organic and topical ingredients.
Key Takeaways
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The Shift Toward Online Channels
Companies in the stretch mark removal products market are shifting their focus from traditional retail stores to e-commerce platform to boost their sales and increase their customer base.
Ecommerce portals are visited by increasing number of consumers each day. The convenience of shopping, discounts offered, and door-step deliveries are a few benefits of shopping online compared to shopping from brick-and-mortar stores.
Furthermore, online stores present opportunity to compare products and their prices. These factors are tipping scales in flavour of maintaining an online presence. Since the market is highly competitive, an increasing number of players are likely to focus on improving their online visibility. This will augur well for the market in the long run.
Who is winning?
Some of the key players operating in the stretch mark removal products market are Clarins Group, Merz GmbH and Co. KGaA, E.T Browne Drug Co., Union-Swiss Ltd (Bio-Oil), Basq Skincare, Weleda AG, Dermaclara Inc., Mama Mio US Inc., among others.
Some of these companies are focusing more on portfolio expansion. Besides this, they are looking at expanding their physical presence via retail stores. Leading players are even focusing on partnership with prominent retailers to cater to increasing demand.
Product launches will remain a key strategy adopted by market players to gain competitive advantage.
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Stretch Mark Removal Products Market Segmentation Product
Nature
End User
Sales Channel
Regional Outlook
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 29, 2022