According to the latest report by IMARC Group, titled “Skin Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global skin care products market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global skin care products market reached a value of US$ 145.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 192.7 Billion by 2027, exhibiting at a CAGR of 5.03% during 2022-2027. Skin care products represent a range of items, such as toners, serums, cleansers, oils, masks, sunscreen, scrubs, anti-aging cream, etc., that are utilized by individuals to enhance and improve their overall appearance. These products consist of various key ingredients, such as retinol, hydroxy acids, polyhydroxy acids, etc., that aid in the regular replenishment of the dying skin cells and counter the signs of aging, including wrinkles, fines lines, age spots, etc., while maintaining the overall health of the skin.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Skin Care Products Market Trends:
The global market is primarily driven by the growing preference for personal grooming among the masses. A majority of the population practices a skin care regime that consists of numerous skin care products, including face wash, moisturizers and serums, thereby increasing their uptake. This is facilitated by rapid urbanization, shifting spending patterns and a significant rise in pollution levels. The growing inclination of the male population toward personal well-being is also contributing to the sales of these products. Moreover, the sales of premium as well as organic skin care product variants are also bolstering across the globe, facilitated extensively by inflating disposable income levels and aggressive promotional activities by numerous manufacturers. Consumers are also growing conscious regarding the detrimental effects of artificial ingredients and chemicals, which has accelerated the continual launch of chemical-free skin care product variants. Some of the other factors driving the growth of the market include the easy availability of products through online retails platforms and attractive packaging solutions.
Request Free Sample Report: https://www.imarcgroup.com/skin-care-products-market/requestsample
The increasing awareness among the Millennial population towards the importance of personal grooming is primarily driving the skin care products market. Additionally, the widespread adoption of skin care regimes for protecting the skin from any damage caused by ultraviolet (UV) rays, dust, humidity, etc., is further catalyzing the market growth. Besides this, the leading manufacturers are launching organic and herbal variants that are considered more effective and have no side effects as opposed to chemical-based products, which, in turn, is acting as another significant growth-inducing factor. Moreover, the implementation of stringent regulations by government bodies aimed at reducing unethical activities and cruelty against animals during the manufacturing of skin care products is also augmenting the global market. Apart from this, the introduction of devices that utilize artificial intelligence (AI) and Internet of Things (IoT) technologies to offer personalized skin nourishment solutions to individuals is projected to fuel the skin care products market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global skin care products market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, ingredient, gender and distribution channel.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Johnson & Johnson Services, Inc.
- The Estée Lauder Companies.
- Unilever PLC/NV
- New Avon Company
- L’OREAL S.A.
- Kao Group
- Colgate-Palmolive Company
- Shiseido Co., Ltd.
- Beiersdorf AG
- The Procter & Gamble Company
- Revlon Consumer Products Corporation
Breakup by Product Type:
- Face Cream
- Skin Brightening Cream
- Anti-Aging Cream
- Sun Protection Cream
- Body Lotion
- Mass Body Care
- Premium Body Care
On the basis of the product type, the market has been bifurcated into face cream and body lotion. Amongst these, face cream represents the most preferred segment and is further divided into skin brightening, anti-aging and sun protection creams. On the other hand, body lotion includes mass body care and premium body care products.
Breakup by Ingredient:
Based on the ingredient, chemical ingredients account for the majority of the market share, followed by natural variants.
Breakup by Gender:
On the basis of gender, the market has been categorized into male, female and unisex. At present, females represent the leading consumers for skin care products.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Beauty Parlours and Salons
- Multi Branded Retail Stores
- Exclusive Retail Stores
Based on the distribution channel, the market has been segregated into supermarkets and hypermarkets, beauty parlors and salons, multi branded retail stores, online, exclusive retail stores, and others. Currently, exclusive retail stores exhibit a clear dominance in the market.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800