Myanmar Skin Care Products Market Report and Forecast 2023-2028
Market Report I 2023-10-13 I 164 Pages I EMR Inc.
Myanmar Skin Care Products Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Myanmar skin care products market is projected to grow at a CAGR of 6.5% between 2023 and 2028. Aided by the increasing awareness of skin care products and rising disposable incomes, the market is expected to grow significantly by 2028.
Skin care products are essentials of daily personal care routines, used to maintain skin health, enhance appearance, and prevent various skin conditions. They comprise a wide array of products including moisturisers, cleansers, toners, serums, sunscreens, among others. Besides their conventional use for personal grooming, these products are also gaining prominence in therapeutic and medical treatments of skin diseases and conditions.
The growing consciousness about skin health among consumers in Myanmar is one of the significant drivers behind the Myanmar skin care products market expansion. As people increasingly recognise the importance of skin health in overall wellbeing, the demand for skin care products, particularly those with added benefits like anti-aging properties, UV protection, and hydration boost, is on the rise.
Furthermore, the surge in beauty and grooming trends, combined with the rising disposable incomes, has contributed to the increasing Myanmar skin care products market demand. The expanding middle-class population in Myanmar has been particularly instrumental in driving this trend, given their growing preference for quality and premium skin care products.
The proliferation of skin care products across diverse industries is also playing a vital role in the Myanmar skin care products market growth. Besides personal use, these products are now commonly used in beauty salons, spas, and therapeutic centres, as well as in the film and theatre industries. The hospitality industry, too, is increasingly using branded skin care products as part of their guest amenities.
Another pivotal factor aiding the Myanmar skin care products market development is the expanding presence of global and regional skin care brands in Myanmar, facilitated by the country's ongoing economic liberalisation. Many international skin care brands have penetrated the Myanmar market, offering a wide range of products and fostering a competitive market environment.
Finally, the growth of the e-commerce sector has further fuelled the Myanmar skin care products market. Online retail platforms have made it possible to access a wide variety of international and local brands, bridging the gap between consumers and manufacturers. This channel has also been instrumental in expanding the consumer base for skin care products to include a more diverse and widespread population.
Market Segmentation
The market can be divided based on type, demographic, age group, price, and distribution channel.
Market Breakup by Type
- Cream
- Lotions
- Others
Market Breakup by Demographic
- Male
- Female
Market Breakup by Age Group
- Generation X
- Millennial
- Generation Z
Market Breakup by Price
- Premium
- Economic
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Departmental Stores
- Beauty Salons
- Pharma and Drug Stores
- Online
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Myanmar skin care products companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Shwe Pyi Nann
- L'Oreal S.A.
- Kao Corporation
- The Estee Lauder Companies Inc.
- The Procter and Gamble Company
- Shiseido Cosmetics
- Beiersdorf AG
- Amorepacific Group
- Nature Republic
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Myanmar Skin Care Products Market Overview
8.1 Key Industry Highlights
8.2 Myanmar Skin Care Products Historical Market (2018-2022)
8.3 Myanmar Skin Care Products Market Forecast (2023-2028)
9 Myanmar Skin Care Products Market by Type
9.1 Cream
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Lotions
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Others
10 Myanmar Skin Care Products Market by Demographic
10.1 Male
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Female
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Myanmar Skin Care Products Market by Age Group
11.1 Generation X
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Millennial
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Generation Z
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
12 Myanmar Skin Care Products Market by Price
12.1 Premium
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Economic
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 Myanmar Skin Care Products Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Specialty Stores
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Departmental Stores
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Beauty Salons
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Pharma and Drug Stores
13.5.1 Historical Trend (2018-2022)
13.5.2 Forecast Trend (2023-2028)
13.6 Online
13.6.1 Historical Trend (2018-2022)
13.6.2 Forecast Trend (2023-2028)
13.7 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Shwe Pyi Nann
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 L'Oreal S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Kao Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 The Estee Lauder Companies Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Procter and Gamble Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Shiseido Cosmetics
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Beiersdorf AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Amorepacific Group
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Nature Republic
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Myanmar Skin Care Products Market: Key Industry Highlights, 2018 and 2028
2. Myanmar Skin Care Products Historical Market: Breakup by Type (USD Million), 2018-2022
3. Myanmar Skin Care Products Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Myanmar Skin Care Products Historical Market: Breakup by Demographics (USD Million), 2018-2022
5. Myanmar Skin Care Products Market Forecast: Breakup by Demographics (USD Million), 2023-2028
6. Myanmar Skin Care Products Historical Market: Breakup by Age Group (USD Million), 2018-2022
7. Myanmar Skin Care Products Market Forecast: Breakup by Age Group (USD Million), 2023-2028
8. Myanmar Skin Care Products Historical Market: Breakup by Price (USD Million), 2018-2022
9. Myanmar Skin Care Products Market Forecast: Breakup by Price (USD Million), 2023-2028
10. Myanmar Skin Care Products Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
11. Myanmar Skin Care Products Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
12. Myanmar Skin Care Products Market Structure
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