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. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Skin Care Products Market Overview:
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 refer to a range of items, such as cleansers, oils, masks, toners, serums, anti-aging cream, sunscreen, scrubs, etc., that are utilized by individuals to improve and enhance their overall appearance. These products usually consist of several key ingredients, such as hydroxy acids, retinol, polyhydroxy acids, etc., that assist in the regular replenishment of the dying skin cells and counter the signs of aging, including fines lines, age spots, wrinkles, 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.
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Global Skin Care Products Market Trends:
The growing awareness among the millennial population towards the importance of personal grooming is primarily driving the skin care products market. Besides this, the increasing adoption of skin care regimes for protecting the skin from any damage caused by humidity, ultraviolet (UV) rays, dust, etc., is stimulating the market growth. Moreover, the leading manufacturers are launching herbal and organic variants that have no side effects and are considered more effective as opposed to chemical-based products, which is acting as another significant growth-inducing factor.
Apart from this, the implementation of stringent regulations by government bodies across various countries aimed at minimizing cruelty and unethical activities against animals during the manufacturing of skin care items is also positively influencing the global market. Furthermore, the development of devices that utilize the Internet of Things (IoT) and artificial intelligence (AI) technologies to provide personalized skin nourishment solutions to individuals is projected to fuel the skin care products market in the coming years.
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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
Key Market Segmentation Breakup by:
- Face Cream
- Skin Brightening Cream
- Anti-Aging Cream
- Sun Protection Cream
- Body Lotion
- Mass Body Care
- Premium Body Care
- Supermarkets and Hypermarkets
- Beauty Parlours and Salons
- Multi Branded Retail Stores
- Exclusive Retail Stores
- 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.
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