Market Snapshot:
Skin care products are used to support skin integrity, enhance its appearance, as well as cure skin conditions. Skin care products are intended to moisturize, soften, hydrate the skin, reduce the odor, and remove makeup, dirt, oil, & dead skin cells. Change in lifestyle patterns in emerging nations with rapid urbanization coupled with rise in awareness towards advanced skin care products have led the increase in demand for skin care products. Rising awareness about natural ingredients used in skin care products are fueling the growth of the market but, rising awareness for natural treatment product is likely limiting the growth of the market. Additionally, increasing geriatric population as well as disposal income of the emerging economies, is creating high demand for anti aging skin care products. It has been observed that, global warming is responsible for growing sun protection and UV rays protection cream. Moreover, packing and labeling of the product plays an important role to create strong brand value in the market The increasing awareness about skin care among people around the globe at a progressively young age so to delay the signs of aging is one of the important factor which drives growth of global skin care products market. These products have been used by both women and men on a daily basis on their face and body. Many key skin care product manufacturers are focusing to offer organic ingredient based skin care products as the demand for organic ingredient based skin care products among people is increasing. With these driving forces, the global skin care products market is expected to grow over the coming years.
Highlights from Skin Care Products Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | Asia-Pacific |
Forecast Value (2030) | USD 177.0 Billion |
Unit | Value (USD Billion) |
CAGR | 6.2% |
The key Vendors profiled in the report are SkinCeuticals, SkinMedica Inc., Tata Harper Skincare, Dr. Barbara Sturm, JMST Inc., Obagi Cosmeceuticals LLC, Eau Thermale Avène, Eminence Organic Skin Care, Colgate-Palmolive and Myhi9. Additionally, other players that are part of this comprehensive study are Drunk Elephant, LOréal S.A., Coty Inc., Unilever, Beiersdorf Inc., The Estée Lauder Companies, Inc., Johnson and Johnson Services Inc., Avon Products, The Procter & Gamble Company and TruNomad Ltd.
Geographic Breakdown and Segment Analysis
The Global Skin Care Products market presents a comprehensive analysis of the Skin Care Products market by product type (Moisturizers, Face Masks, Cleansers, Eye Creams, Lip Care, Facial Toners & Serums, Sunscreen and Others), by end-user/application (Anti-Aging, Blackheads, Dark Circles, Loss of Firmness, Brightening and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Skin Care Products industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Asia-Pacific holds majority of market share of the Skin Care Products market
Analyst at AMA have segmented the market study of Global Skin Care Products market by Type, Application and Region. On the basis of Type, Face Cream are dominating the market in the year 2023.
Influencing Trend:
Increasing Preference to Organic Ingredient based Skin Care Products and Growing Disposable Income in Emerging Economies Results in Demand for Advanced Skin Care Product
Market Growth Drivers:
Increasing Awareness about Skin Care among People, Changing Lifestyle in Emerging Nations with Fast Urbanization and Growing E-commerce Industry
Challenges:
Strict Government Regulations and Very Less Shelf Life of Skin Care Products
Restraints:
Increasing Adoption of Natural Skin Care Treatment
Opportunities:
New Innovation and Continuously Ongoing Research and Development Activities for Skin Care Product
Market Developments Activities:
In March 2019, Unilever had acquired Garancia; is French derma-cosmetic brand that currently offers a range of 38 premium facial and body skincare products. The acquisition has been added many skin care products in Unilever’s product portfolio that is ultimately supplementing growth of the company
Regulatory Insights:
Occurrence of strict regulations by agencies including EPA, FDA, & a few other associations to extend shelf life of skin care products has been likely to have positive impact on the global skin care products market over the coming years. For example, the European Union has been banned about 1300 chemicals which were being used in skin care products. This ban is due to doubts of harm the chemicals might cause to human body after the products use. and There are many different laws and regulation corresponding to geographical areas. For instance, in United States, soap should contain oil, fats and an alkali only. If any manufacturer adds any hazardous or undefined ingredient then the manufacturer doesn’t get approval for marketing and advertising according to Federal Hazardous Substances Ac. In addition to it, (EC) No. 1223/2009 is a regulation fin Europe under the EU Commission for cosmetic products.
The key players in the skin care products market such as L’Oreal Group, Avon Products, Inc., The Estée Lauder Companies, Inc. are continuously invest in R&D to offer new products in the market. With the increasing demand in the market, these companies are also increasing their production capacity to strengthen their global network.
Key Target Audience
Skin Care Product Manufacturers, Raw Material Suppliers, Distribution Channels, End-Use Industries, Cosmetic product Manufacturers, Cosmetic Industry, Industry Association, Potential Investors, Traders/Distributors and Suppliers of Cosmetic Products, Government and Regulatory Bodies and Research Institute and Organization