Myanmar Skin Care Products Market by Type (Cream, Lotion, and Others), Demographics (Male and Female), Age Group (Generation X, Millennial, and Generation Z), and Sales Channel (Supermarket/Hypermarket, Specialty Stores, Department Stores, Beauty Salons, Pharma & Drug Stores, and Online Sales Channel): Country Opportunity Analysis and Industry Forecast, 2021–2027
|
A06730
|
Pages: 96
|
Aug
2020 |
568 Views
|
|
|
|
Author(s) :
Himanshu Vig
, Roshan Deshmukh
|
Tables: 4
|
Charts: 38
|
Formats*:
|
|
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Myanmar Skin Care Products Market
Request Now !The Myanmar skin care products market size was valued at $ 272.3 million in 2019, and is projected reach $ 501.6 million by 2027, registering a CAGR of 8.6% from 2021 to 2027. Skin care products refer to those products, which improve skin integrity and provide relief to skin conditions, thereby enhancing the appearance. Several types of skin care products available in the market include cream, lotion, masks, and serums. Skin care products are manufactured using various ingredients such as chemical compounds, medicinal herbs, or natural ingredients.
Amidst the outbreak of COVID-19, growth of skin care products market in Myanmar market is likely to hamper for the current and next year, however the industry is poised to rebound back post 2022.
Increase in product awareness, rise in penetration of retail sales, and surge in disposable income provide impetus to the Myanmar skin care products market. Furthermore, expansion of global brands in the market along with favorable government policies toward local manufacturing of products are expected to drive the market growth in the upcoming years. However, high manufacturing cost for cosmetics domestically remains a major challenge for the players. Furthermore, lack of infrastructure, a weak legal framework, and excessively high commercial rents hamper the market growth in the country. On the contrary, aggressive advertising and marketing of skin care products through social media influencers provides lucrative opportunities for the engaged stakeholders to increase brand awareness and market share. Furthermore, Thanaka-based products are popular in the country, as a result operating players in the region are offering Thanaka-based skin care products to expand their market share in the highly competitive industry in Myanmar.
Get more information on this report : Request Sample Pages
The outbreak of coronavirus has significantly impacted not only on various consumer goods industries but also all stages of the supply chain and value chain of various industries. In addition, the consumer goods industry is currently facing challenges due to halting of operations, which, in turn, has disrupted the economy of Myanmar. Decline in growth of the Myanmar skin care products market in 2020 is attributed to the COVID-19 outbreak. In addition, it has negatively impacted the import/export, economies, and industries in Myanmar. Myanmar has been successful in stemming the tide of COVID-19 infections over the last three months, however, the economy is expected to witness negative impact in 2020. The reduced disposable income will alter the consumer purchasing behavior. In addition, consumers in the country are actuated to curtail expenditure on cosmetics and skin care products, however, in the long run, the country is likely to witness robust growth.
According to Myanmar skin care products market analysis, the market is segmented into type, demographics, age group, and sales channel. By type, it is categorized into cream, lotion, and others. Depending on demographics, it is bifurcated into male and female. On the basis of age group, it is classified into generation X, millennial, and generation Z. As per sales channel, the market has been studied across supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel.
Myanmar Skin Care Products Market
By Product Type
Others segment would exhibit the highest CAGR of 9.6% during 2021-2027.
Get more information on this report : Request Sample Pages
On the basis of type, the cream segment accounted for the more than 50% market share in 2019, and is projected to retain its dominance in the upcoming years. This is attributed to the fact that anti-ageing, anti-wrinkle, and moisturizing creams are widely accepted among female consumers in the country. However leading players in the industry are now launching products to tap opportunities for men.
Myanmar Skin Care Products Market
By Demographics
Male segment would exhibit the highest CAGR of 9.3% during 2021-2027.
Get more information on this report : Request Sample Pages
Depending on demographics, the female segment was dominant, which accounted for more than two-third of the Myanmar skin care products market share in 2019, and is expected to continue this trend during the Myanmar skin care products market forecast period. Skin care products have high penetration among the female consumers, whereas the market for male consumers remains fairly niche.
Myanmar Skin Care Products Market
By Age Group
Generation Z segment would exhibit the highest CAGR of 10.0% during 2021-2027.
Get more information on this report : Request Sample Pages
According to age group, the millennial segment held a significant share in the Myanmar skin care products industry in 2019. However, the generation Z segment is expected to garner a considerable share in the market. This is attributed to the fact that various bloggers of generation Z are educating and promoting young generation about the importance of sunscreens, skincare routines, and make-up trends on various social media platforms.
Myanmar Skin Care Products Market
By Sales Channel
Online Sales Channel segment would exhibit the highest CAGR of 11.8% during 2021-2027.
Get more information on this report : Request Sample Pages
As per sales channel, the supermarket/hypermarket segment held a significant share in the Myanmar skin care products market in 2019. However, the online sales segment is expected to garner a considerable share, due to rise in penetration of internet and surge in sale of skin care products via social media platforms in Myanmar
The key players analyzed in the Myanmar skin care products market report are L'Oréal S.A., Kao Corporation, Estee Lauder, Revlon Inc., Unilever Group, Shiseido Company Limited, Procter & Gamble, Frenzo Myanmar Company Limited, Beiersdorf AG, and Shwe Pyi Nann.
Key market benefits for stakeholders
- The report provides extensive analysis of the current & emerging trends and opportunities in the Myanmar skin care products market.
- The report provides detailed qualitative and quantitative analyses of current trends and future estimations, which help to understand the prevailing Myanmar skin care products market opportunities.
- A comprehensive analysis of factors that drive and restrict Myanmar skin care products market growth is provided in the study.
- An extensive analysis of the market is conducted by following key product positioning and monitoring top competitors within the market framework.
- The report provides extensive qualitative insights on the potential & niche segments.
Key Market Segments
By Type
- Cream
- Lotion
- Others
By Demographics
- Male
- Female
By Age Group
- Generation X
- Millennial
- Generation Z
By Sales Channel
- Supermarket/Hypermarket
- Premium
- Non-premium
- Specialty Stores
- Premium
- Non-premium
- Department Stores
- Premium
- Non-premium
- Beauty Salons
- Premium
- Non-premium
- Pharma & Drug Stores
- Premium
- Non-premium
- Online Sales Channel
- Premium
- Non-premium
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key market benefits for stakeholders
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET LANDSCAPE
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pocket
3.3.Porter's five forces analysis
3.3.1.Bargaining power of suppliers
3.3.2.Bargaining power of buyer
3.3.3.Thereat of new entrants
3.3.4.Threat of substitute
3.3.5.Intensity of competitive rivalry
3.4.Market dynamics snapshot
3.5.Top influencers
3.6.Average duration of skin care products registration
3.6.1.Introduction
3.7.COVID-19 impact on Myanmar skin care products market
3.8.Competitive dashboard
CHAPTER 4:MYANMAR SKIN CARE PRODUCTS MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Cream
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.3.Lotions
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.4.Others
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
CHAPTER 5:MYANMAR SKIN CARE PRODUCTS MARKET, BY DEMOGRAPHICS
5.1.Overview
5.1.1.Market size and forecast
5.2.Male
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.3.Female
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
CHAPTER 6:MYANMAR SKIN CARE PRODUCTS MARKET, BY AGE GROUP
6.1.Overview
6.1.1.Market size and forecast
6.2.Generation X
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast
6.3.Millennial
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast
6.4.Generation Z
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast
CHAPTER 7:MYANMAR SKIN CARE PRODUCTS MARKET, BY SALES CHANNEL
7.1.Overview
7.2.Premium skin care products
7.2.1.Key market trends, growth factors, and opportunities
7.3.Non-premium skin care products
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast
7.4.Supermarket/hypermarket
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast
7.4.3.Premium
7.4.3.1.Market size and forecast
7.4.4.Non-premium
7.4.4.1.Market size and forecast
7.5.Specialty stores
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast
7.5.3.Premium
7.5.3.1.Market size and forecast
7.5.4.Non-premium
7.5.4.1.Market size and forecast
7.6.Department stores
7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast
7.6.3.Premium
7.6.3.1.Market size and forecast
7.6.4.Non-premium
7.6.4.1.Market size and forecast
7.7.Beauty salons
7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast
7.7.3.Premium
7.7.3.1.Market size and forecast
7.7.4.Non-premium
7.7.4.1.Market size and forecast
7.8.Pharma & drug stores
7.8.1.Key market trends, growth factors, and opportunities
7.8.2.Market size and forecast
7.8.3.Premium
7.8.3.1.Market size and forecast
7.8.4.Non-premium
7.8.4.1.Market size and forecast
7.9.Online sales channel
7.9.1.Key market trends, growth factors, and opportunities
7.9.2.Market size and forecast
7.9.3.Premium
7.9.3.1.Market size and forecast
7.9.4.Non-premium
7.9.4.1.Market size and forecast
LIST OF TABLES
TABLE 01.MYANMAR SKIN CARE PRODUCTS MARKET, BY TYPE, 2017-2027 ($MILLION)
TABLE 02.MYANMAR SKIN CARE PRODUCTS MARKET, BY DEMOGRAPHICS, 2017-2027 ($MILLION)
TABLE 03.MYANMAR SKIN CARE PRODUCTS MARKET, BY AGE GROUP, 2017-2027 ($MILLION)
TABLE 04.MYANMAR SKIN CARE PRODUCTS MARKET, BY SALES CHANNEL, 2017-2027 ($MILLION)
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MYANMAR SKIN CARE PRODUCTS MARKET SNAPSHOT
FIGURE 03.TOP INVESTMENT POCKETS, BY PRODUCT TYPE
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.LOW THREAT OF SUBSTITUTION
FIGURE 08.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.MYANMAR SKIN CARE PRODUCTS MARKET SHARE, BY TYPE, 2019(%)
FIGURE 10.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR CREAM, 2017–2027 ($MILLION)
FIGURE 11.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR LOTIONS, 2017–2027 ($MILLION)
FIGURE 12.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR OTHERS, 2017–2027 ($MILLION)
FIGURE 13.MYANMAR SKIN CARE PRODUCTS MARKET SHARE, BY DEMOGRAPHICS, 2019(%)
FIGURE 14.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR MALE, 2017–2027 ($MILLION)
FIGURE 15.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR FEMALE, 2017–2027 ($MILLION)
FIGURE 16.MYANMAR SKIN CARE PRODUCTS MARKET SHARE, BY AGE GROUP, 2019(%)
FIGURE 17.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR GENERATION X, 2017–2027 ($MILLION)
FIGURE 18.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR MILLENNIAL, 2017–2027 ($MILLION)
FIGURE 19.MYANMAR SKIN CARE PRODUCTS MARKET VALUE FOR GENERATION Z, 2017–2027 ($MILLION)
FIGURE 20.MYANMAR SKIN CARE PRODUCTS MARKET SHARE, BY SALES CHANNEL, 2019 (%)
FIGURE 21.MYANMAR SKIN CARE PRODUCTS MARKET FOR SUPERMARKET/HYPERMARKET, 2017-2027 ($MILLION)
FIGURE 22.MYANMAR PREMIUM SKIN CARE PRODUCTS MARKET FOR SUPERMARKET/HYPERMARKET, 2017-2027 ($MILLION)
FIGURE 23.MYANMAR NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR SUPERMARKET/HYPERMARKET, 2017-2027 ($MILLION)
FIGURE 24.MYANMAR SKIN CARE PRODUCTS MARKET FOR SPECIALTY STORES 2017-2027 ($MILLION)
FIGURE 25.MYANMAR PREMIUM SKIN CARE PRODUCTS MARKET FOR SPECIALTY STORES , 2017-2027 ($MILLION)
FIGURE 26.MYANMAR NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR SPECIALTY STORES, 2017-2027 ($MILLION)
FIGURE 27.MYANMAR SKIN CARE PRODUCTS MARKET FOR DEPARTMENT STORES, 2017-2027 ($MILLION)
FIGURE 28.MYANMAR PREMIUM SKIN CARE PRODUCTS MARKET FOR DEPARTMENT STORES, 2017-2027 ($MILLION)
FIGURE 29.MYANMAR NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR DEPARTMENT STORES, 2017-2027 ($MILLION)
FIGURE 30.MYANMAR SKIN CARE PRODUCTS MARKET FOR BEAUTY SALONS, 2017-2027 ($MILLION)
FIGURE 31.MYANMAR PREMIUM SKIN CARE PRODUCTS MARKET FOR BEAUTY SALONS, 2017-2027 ($MILLION)
FIGURE 32.MYANMAR NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR BEAUTY SALONS, 2017-2027 ($MILLION)
FIGURE 33.MYANMAR SKIN CARE PRODUCTS MARKET FOR PHARMA AND DRUG STORES, 2017-2027 ($MILLION)
FIGURE 34.MYANMAR PREMIUM SKIN CARE PRODUCTS MARKET FOR PHARMA AND DRUG STORES, 2017-2027 ($MILLION)
FIGURE 35.MYANMAR NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR PHARMA AND DRUG STORES, 2017-2027 ($MILLION)
FIGURE 36.MYANMAR SKIN CARE PRODUCTS MARKET FOR ONLINE STORES, 2017-2027 ($MILLION)
FIGURE 37.MYANMAR PREMIUM SKIN CARE PRODUCTS MARKET FOR ONLINE STORES, 2017-2027 ($MILLION)
FIGURE 38.MYANMAR NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR ONLINE STORES, 2017-2027 ($MILLION)
Skin care remains vital for the residents of Myanmar, owing to increase in awareness about skin care, exposure to the Western trend, increase in online penetration of brands, and decline of tariff. Consumers in the country are now transitioning from traditional Thanaka to high-end skin care products. Furthermore, Korean brands have major influence over the people with their products presence across physical as well as digital stores. Consumers are gradually shifting their focus from mass to luxury products, however, the market remains dominated by the mass products. The CXOs further added that the political environment remains favorable for international brands who want to establish their manufacturing in Myanmar.
Q1. What is the total market value of the Myanmar Skin Care Products Market report?
A. The Myanmar skin care products market size was valued at $ 272.3 million in 2019.
Q2. What would be the forecast period in the Myanmar Skin Care Products Market report?
A. The forecast period in the Myanmar Skin Care Products Market report will be from 2021 to 2027.
Q3. Which is the base year calculated in the Myanmar Skin Care Products Market report?
A. The base year calculated in the Myanmar Skin Care Products Market report is 2019.
Q4. Which are the top companies hold the market share in the Myanmar Skin Care Products Market?
A. Leading players operating in the region are L'Oréal S.A., Kao Corporation, Estee Lauder, Revlon Inc., Unilever Group, Shiseido Company Limited, Procter & Gamble.
Q5. Which is the most influencing segment growing in the Myanmar Skin Care Products Market report?
A. The male segment of the Myanmar skin care products market is the most influential segment of the report.
Q6. Which market holds the maximum market share of the Myanmar Skin Care Products Market?
A. The cream segment accounted for the maximum market share in 2019, and is projected to retain its dominance in the upcoming years.
Q7. What is the market value of the Myanmar Skin Care Products Market in 2021?
A. The Myanmar skin care products market size is estimated to be valued at $ 306.5 million in 2021.
Download Sample
Purchase Full Report of
Myanmar Skin Care Products Market
- Data Pack
- $1,845
- Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Single User
- $2,979
- Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Five Users
- $3,099
- Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
-
Enterprise
License/PDF - $4,322
- Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading instantly.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.