The global skin care products market is estimated to be valued at US$ 140.76 billion in 2021, according to Skin Care Products Market Report, by Product Type (Anti-Aging Products, Skin Whitening Products, Sensitive Skin Care Products, Anti-Acne Products, Dry Skin Care Products, Infant Skin Care Products, and Others), by Distribution Channel (Hypermarket, Supermarket, Cosmetic Stores, Online Stores, and Others (Drug Stores etc.)),  by End User (Male, Female, and Kids) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.

The global skin care products market is expected to surpass US$ 189.90 billion by 2028, exhibiting a CAGR of 4.37% during the forecast period (2021-2028). Skin care involves practices that support skin integrity, enhance its appearance, and cure skin conditions. This area includes nutrition, avoidance of excessive sun exposure, and appropriate use of emollients. The top impacting factors in the global skin care products market include change in lifestyle patterns in all over the world due to rapid urbanization, rise in awareness towards advanced skin care products, increase in demand for skin care products, new product innovation, high investments in emerging countries, and others. For instance, in August 2021, French cosmetics company, Guerlain has derived and launched a serum from 95 percent natural ingredients including black bee honey from Ouessant, France, and royal jelly, a nutrient-rich gelatinous substance produced by worker bees that is intended to accelerate moisturization and skin repair. Honey is used as a prominent skin care product for several years, a lot of research is being done for the commercial use of the natural honey in the skin care products

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/skin-care-products-market-1468

Browse 50 market data tables* and 40 figures* on "Global Skin Care products Market” - Forecast to 2028.

Key Trends and Analysis of the Global Skin Care products Market:

  • Among regions, North America accounted for the share of 18.6% in 2020, in the global skin care products market. Consumers in North American countries such as the U.S. and Canada are willing to pay a high price of around US$ 1.3 Bn for a more youthful appearance, along with brighter and glowing skin. The presence of well-established skin care product manufacturers in North America, such as Procter & Gamble an American multinational consumer goods corporation headquartered in Cincinnati, Ohio and Unilever plc. a British consumer good manufacturing company, is expected to drive the demand for skin care products.

Key Takeaways of the Skin Care products Market:

  • The hypermarkets segment from the distribution channel held the largest share and is expected to witness the fastest growth over the forecast period. Supermarkets and hypermarkets offer significant advantages to consumers, such as freedom of selection, lower prices, and high visibility of international brands. These factors make them a suitable platform for all types of customers of skin care products.
  • The cosmetic store segment from the distribution channel is projected to witness significant growth from 2021 to 2028. A majority of the consumers rely on cosmetic store attendants to help them navigate through the multitude of products available and at times, to enquire about the application of such products. Numerous market players prefer to sell their moisturizers, face wash, scrubs, body lotions, and face creams through these stores as they offer more accountability with respect to the overall customer service.
  • Major players operating in the global skin care products market include Unilever Plc., Coty Inc., Johnson & Johnson Inc., Proctor & Gamble Co., L’Oreal S.A., Revlon Inc., Kao Corporation, Avon Products Inc., Beiersdorf AG., Colgate Palmolive Company, Natura & co., and Estee Lauder Inc.
  • Technology launches, acquisitions, and R&D activities are the key strategies adopted by players in the global skin care products market. For instance, in February 2022, Colgate-Palmolive (India) Limited, a producer, developer, marketer and seller of personal and oral care products has launched a unique portfolio of natural Palmolive face care products, including Palmolive Face Foams, Face Gels, Soufflé Scrub, and Face Masque that will be available in India across traditional and e-commerce platforms from February 2022.

Global Skin Care products Market - Impact of Coronavirus (Covid-19) Pandemic

  • The covid-19 pandemic ended up making a hugh global impact across virtually every industry that exists, the skin care products market is no exception of it. But despite the pandemic Skin care products witnessed significant sales growth in the United States due to the outbreak of the coronavirus pandemic. Sales of hand masks increased by approximately 606.4 percent between February and March 2020. Furthermore, a report by Pheonix chemical states that the web search incidents for ‘skincare at home’ have increased by more than 100% since February 2020. Some basic initiatives for accessing Cosmetic shops, malls and supermarkets include social isolation directives, limitations on business opening hours, and travel restrictions. However, the sales of the product through online outlets escalated during the pandemic, which has the positive growth for the skin care products in the Covid-19 pandemic.

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo