About Skin Lightening Products
Skin lightening products are intended to maintain skin tone or reduce ageing effects with the use of natural or synthetic ingredients. The market for skin lighting products are expected to witness significant growth as the demand among end users are rising rapidly with 2017 figures reads 77% of country’s women use in Nigeria, 59% in Togo and 27% in Senegal. Of late, there has been significant demand for organic skin lightening products owing to awareness about adverse effect of synthetic one.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.3% |
Skin Lightening Products is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Skin Lightening Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hawknad Manufacturing [United States], L'Oreal [France], Procter & Gamble [United States], Shiseido [Japan], Vaseline [United States], Makari De Suisse [Switzerland], ASDM Beverly Hills [United States], Marie France [France], Kojie san [Philippines], SENVIE [United States] and Browne Drug Co. [United States] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Beiersdorf AG [Germany], Unilever PLC [United Kingdom], Estée Lauder Companies Inc. [United States], Avon Products, Inc. [United Kingdom], VLCC Health Care Limited [India], Lotus Herbals Private Limited [India] and Clarins Group [France].
Segmentation Overview
AMA Research has segmented the market of Global Skin Lightening Products market by Type (Serum, Cream, Lotion, Mask and Others) and Region.
On the basis of geography, the market of Skin Lightening Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Natural/Herbal will boost the Skin Lightening Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Men will boost the Skin Lightening Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Pharmacy will boost the Skin Lightening Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Consumption of Skin Lotion and Creams and Consumer Inclination Towards Organic Skin Lightening Products
Market Growth Drivers:
Growing Consumer's Obsession Towards Physical Appearance and Increasing Online Sales And Celebrity Brand Endorsement of Skin Lightening Products
Challenges:
Growing Market for Counterfeit Products
Restraints:
Dominance of Local Market Players and High Cost Of Skin Lightening Products
Opportunities:
Increase in Number of Multi-brand Specialty Stores and Rise in Disposable Income in Emerging Countries
Market Leaders and their expansionary development strategies
In June 2020, Johnson & Johnson has decided to stop selling skin-whitening creams popular in Asia and the Middle East, it said on Friday, after such products have come under renewed social pressure in recent weeks amid a global debate about racial inequality.
In February 2023, The governments of Gabon, Jamaica and Sri Lanka have joined forces to fight back against damaging beauty practices, launching a joint USD 14-million project to eliminate the use of mercury in skin lightening products.
The difference between cosmetic and drug is important from regulatory and safety standpoint. Cosmetic products must not contain active pharmaceutical ingredients (APIs). Otherwise, they should be classified as a drug according to European Commission’s No. 1223/2009 and the U.S. FDA’s regulations on Cosmetics. Some creams sold over-the-counter (OTC) or online may contain potentially harmful active ingredients that can lead to health concerns if not prescribed under a physician’s care. Cosmetics and personal care (CPC) companies, as well as regulators, regularly use chromatography to test skin care product ingredients, from raw material testing, formulation, and quality control to safety and regulatory testing, identification of counterfeit products, and verification of label claims.
Key Target Audience
Skin Lightening Products Manufacturers, Research Institutes, Government Agencies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.