The Global Skin Care Products Market Will Be Driven by Rising Awareness About Skin Appearance and Quality During the Forecast Period 2022-2027
Expert Market Research’s new report titled “Global Skin care products market research, Share, Price, Trends, Growth, Report and Forecast 2022-2027′, gives an in-depth analysis of the global skin care products market, assessing the market based on its segments such as Types, Ingredients, Gender , the distribution channels and the main Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 4.2%
The major factors driving the growth of the market are the rising awareness about the appearance and quality of skin and the increasing purchasing power of people globally. Heavy R&D investments in the production of new goods and aggressive marketing strategies by existing players have also resulted in strong sales growth. The ubiquitous polluted atmosphere, global warming, and active lifestyles that threaten skin durability have also boosted the rapid acceptance of items that help protect and prevent skin damage. Regionally, North America and Europe dominate the global skin care products market with majority share. However, the Asia-Pacific region is expected to experience robust demand over the forecast period owing to the growing demand for skin care products from fast growing economies like China and India.
Industry definition and major segments
Skin care products are used to strengthen and preserve the condition of human skin. There is a range of products available in the market such as cleansers, toners, body lotions, oils and serums as well as creams containing alpha hydroxy acids, beta hydroxy acids and retinol as main ingredients.
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By Type, the market is split into:
o Facial scrubs, masks and packs
o Oils and Serum
o Special Creams
• Body care
o Body lotion
o Shower gel
Based on Ingredients, the market is split into:
Based on Gender, the market is segmented into:
By distribution channel, the market is divided into:
• Convenience stores
• Specialty stores
• On line
Regional markets for the product include:
• North America
• Latin America
• The Middle East and Africa
The increased use of online platforms to reach a wider customer base is a recent notable development in the skin care products industry. In order to maximize sales, companies and smart resellers are gradually turning to e-commerce. Another important trend observed in the global skin care products market is the increased proliferation of synthetically produced chemical-free organic skin products. Brands launch new skincare products formulated with natural or organic ingredients from time to time to catch consumers’ attention. These products, although expensive, are gaining significant sales around the world due to the growing awareness of the possible side effects of chemical-based skin care products. The ban on animal research limits production in the field. This has had a negative impact on the manufacturing sector, especially small and medium manufacturers. A considerable recovery in the skin care products industry has been driven by a growing perception of organic products and rising incomes of middle class people.
Main market players
Major market players include The Procter & Gamble Company, Unilever Plc, Kao Corporation, Revlon, Inc., The Estée Lauder Companies Inc., Beiersdorf AG, New Avon Company, and L’Oreal SA, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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