Market Outlook 17 minutes PremiumThe Face Mask Market Is Booming, But So Is Competition – Unique Ingredients and Product Innovations to Capture the Lucrative Chinese Market Coresight Research November 25, 2017 Executive Summary The global face mask market was worth $5.7 billion in 2016. It is forecast to grow at a compound annual growth rate (CAGR) of 9.1% from 2016 to 2021, to reach $6.3 billion in 2017 and $8.8 billion by 2021, according to data from Euromonitor International. China is by far the largest market in this category. Valued at $2.7 billion in 2016, it represents a significant 47.6% of the global market. Despite its sheer size, the Chinese market is estimated to see double-digit growth through to 2021, representing a CAGR of 11.7%, according to Euromonitor International. Although China represents almost half of the global face mask market, international brands have failed to compete with emerging Chinese brands that have grown to become the top-selling brands in the country in less than five years. One way beauty brands can capture market share in the Chinese beauty mask market is through innovative product offerings such as face masks with ingredients that combat pollutants’ damage to skin, which is a primary concern among beauty consumers. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Revealing Divisions in Consumer Sentiment: US Consumer Survey Insights ExtraWeinswig’s Weekly: Understanding the Scale and Demographics of Cross-Channel ShoppingConsumers Report Strong Financial Health: US Consumer Survey InsightsCountdown to China’s Singles’ Day 2023: One Month To Go—Major Platforms’ Plans for the Shopping Festival