There's a growing market for rice water skincare products, fueled by the demand for natural beauty solutions. This trend is expected to continue as new rice water products hit the shelves. A report by FMI dives deep into this market, analyzing what's driving this popularity, potential challenges, and future opportunities. It even helps you make smart business decisions with investment analysis and market research tools.
NEWARK, Del., March 28, 2024 /PRNewswire/ -- The rice skincare water market foresees its current market valuation at US$ 12.34 billion in 2024. The market valuation is estimated to be US$ 16.04 billion by 2034, projected at a CAGR of 2.7%.
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The rice water skincare market sees economic growth as consumers propel natural and traditional beauty remedies for their skincare routines. The popularity of rice water skincare products has pushed upwards globally, thus leading to a raised demand for clean and natural beauty solutions.
Manufacturers are introducing advanced formulations and incorporating rice water for existing product lines. A huge emphasis is given on market efforts marketing efforts due to the natural and nourishing properties of rice water that help to discriminate these skincare products in a competitive market landscape.
Report Scope
Attributes | Details | ||
Estimated Market Size in 2024 | US$ 6.8 billion | ||
Projected Market Valuation in 2034 | US$ 12.85 billion | ||
Value-based CAGR 2024 to 2034 | 6.5 % | ||
Forecast Period | 2024 to 2034 | ||
Historical Data Available for | 2019 to 2023 | ||
Market Analysis | Value in US$ billion | ||
Key Market Segments Covered | By Product Type:
By Skin Type:
By Consumer Orientation:
By Sales Channel:
By Region:
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Key Countries Profiled |
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Key Coverage in the Rice Water Skincare Industry Report |
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Key Takeaways from the Market Study
- By nature, the conventional segment is accounted to hold a market share of 89.6% in 2024.
- The United States is estimated to register at a CAGR of 1.8% by 2034.
- China experiences significant growth, projected at a CAGR of 3.2% by 2034.
- Based on sales channel, the hypermarket segment is anticipated to expand at 34.6% CAGR by 2034.
"The upward push in consumer preference for natural and traditional beauty remedies is one important reason for upgrading the rice water skincare market," says Sneha Varghese (Senior Consultant, Consumer Products & Goods at Future Market Insights, Inc.)
Competitive Landscape
The competitive landscape of the rice water skincare market features established brands and emerging players propelling for market share. Major companies leverage the recognition of brands and extensive distribution of their networks, while smaller brands tend to focus on innovation and niche marketing strategies.
Some of the key developments are:
- In 2023, Procter & Gamble introduced a new rice water-based facial cleanser under its skincare brand that focused on gentle yet effective cleansing while harnessing the natural benefits of rice water for hydrated and radiant skin.
- In 2023, Unilever launched a rice water-infused moisturizer as part of its skincare line that asserted its hydrating and soothing properties to address dryness and promote healthy skin barrier function.
Purchase now and gain full access to the Rice Water Skincare Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
More Valuable Insights Available
Future Market Insights offers an unbiased global rice water skincare market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand market opportunities, the rice water skincare market is segmented based on Product Type (Cleansers, Toners, Serums, Moisturizers, Face Packs/Masks, Other Skin Care Products), Skin Type (Acne Prone Skin, Dry Skin, Normal Skin, Oily Skin, Sensitive Skin, Combination Skin), Consumer Orientation (Men, Women, Unisex), Sales Channel (Hypermarkets/Supermarkets, Speciality Stores, Drug Stores & Pharmacies, Convenience Stores, Online Retailers, Other Sales Channel) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
About the Consumer Product Division at Future Market Insights
The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
About the Author:
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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