|Report ID: CMR695970 | SKU: CMR695970 | Edition: 7th Global Edition
The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date.
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The skin care market was estimated at USD 130.4 billion in 2022 and is projected to reach USD 192 billion in 2030, growing at a CAGR of 5.0 % during the forecast year
|Historical Data Time Period||2018-2023|
Skin Care Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Skincare is an essential part of facial rejuvenation. It includes cosmeceutical and topical products. Skincare products are used often by the general population to preserve and enhance the appearance of the face as well as other parts of the body. Skincare products are used to prevent premature aging, acne, dark spots, and other issues with the skin as well as help to maintain the natural skin texture. Skincare products are becoming popular due to the rising demand for personal care products such as face masks, lotion, creams, moisturizers, and toners. These products help to protect from environmental dust, oil, and pollutants, and conditioning the skin. The demand for natural and organic skincare products has also increased as a result of making this market a significant market within the bigger beauty and wellness sector.
The rising awareness of the skin care product will drive the skincare market. The market is expanding rapidly as more women include grooming items in their daily routines to improve their looks. Women have been actively creating calming self-care experiences through at-home skincare routines in recent years due to the importance of self-care. This trend is fueling the desire for skincare products with active ingredients that have nourishing and therapeutic characteristics. Due to rising disposable income, celebrity endorsements, and an increase in product launches among men who are becoming more conscientious about their regular grooming and personal cleanliness, the market for men's skincare is growing. Beyond those used for traditional grooming, men are becoming more interested in skincare products.
The high cost of skin care will restrict the growth of the skincare market. Skincare product procedures invest more money in the research and development process. Skincare products are expensive because active ingredients are more expensive and high-skin care products come in luxurious packaging. Natural skin care products are expensive because they take longer to grow and are also free from contamination. Manufacturers are shifting focus on paraben-free products that do not pose health risks; Hence the high cost of organic raw materials and other costs restrain the growth of the skincare market
The COVID-19 pandemic had a substantial impact on various industries, markets, and professions. Due to increased time spent at home and the need to wear masks in public, the skincare and cosmetics sectors were among the most severely affected. Furthermore, the use of lip and face cosmetics was impacted by mask requirements. The cosmetic industry experienced a significant influence on its markets, employment, and overall direction. Customers only bought cosmetics online when they were assured that the products and the online store were legitimate. The worldwide cosmetics industry was greatly impacted by the pandemic.
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Global Skin Care Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Skin Care Industry growth. Skin Care market has been segmented with the help of its Type, Distribution Channel Product, and others. Skin Care market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Body care is the dominating segment of the skincare market due to the changing lifestyle and consumer spending patterns on premium care products. Additionally, a growing desire among consumers to use personal care products to improve their hygiene and personal upkeep has also driven the skincare market
The Face Cares segment is the fastest growing in the skincare market due to increasing popularity globally, as people are becoming more conscious of their physical appearance along with being more concerned about skin disorders, acne, and others. Further, the growing popularity of multi-purpose facial care products is expected to propel the skincare market growth
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Skin Care Industry. Request a Free Sample PDF!
Supermarkets and hypermarkets dominate the largest share of the skincare market due to Increased consumer choice, affordable prices, and prominent displays of well-known international brands making these establishments the best places to do business with all different types of customers.
Online channel is the fastest growing and holds the largest share of the skincare market, due to the decision-making of buyers has changed rapidly. Online shopping is convenient and easy, offers Variety is a high, easy payment method, changing lifestyles, and consumer spending patterns or premium beauty care products are projected to highest market share in the skincare market
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Skin Care market report 2023 Edition by contacting our team.
The cream and moisturizer category led the market. It can reduce the chance of excessive dryness or oiliness in the skin developing over time. Both extremes harm the skin and intensify typical skin issues like acne. Regularly applying moisturizer to the skin can help hide flaws. The Skincare market size is anticipated to be significantly impacted by these throughout the forecasted period.
The tube packaging segment dominates the skincare market, due to Tubes being readily transportable compared to jars and bottles since they are lightweight, take up less area than bottles, and enable simple product application. Tube bottles are primarily suitable for liquid products.
Bottle segment packaging is estimated to gain the highest share in the skincare market, due to the manufacturers being focused on designing unique, attractive lotion and serum bottles made with biodegradable and recyclable packaging.
The Asia-Pacific segment dominates the largest revenue share in the skincare market, due to increasing demand for personal care and cosmetics. Consumers are more conscious about personal hygiene. Various government policies are also promoting the demand for skincare products.
North America is expected to fastest growing market share in the skincare market due to the rising consumer demand for specific skin care solutions and increasing awareness regarding specific ingredients is expected to boost the demand for the skincare market
The current report Scope analyzes Skin Care Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on email@example.com
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Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Face Care with Distribution Channel, Product, additional country analysis, volume/consumption data, etc.
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Report scope is customizable as we have a huge database of Skin Care industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
We not only deliver the published report but only provide customized data on request to make your customized report edition (Exclusively Delivered and not shared on the website/Other Clients). The following additional data and delivery depend on Data Availability, Client's Data Request, Additional Charges Applied, etc.
|Segmentation Level Customization|
|Global level Data Customization|
|Region level Data Customization|
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|Additional Data Analysis|
|Additional Qualitative Data|
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|Service Level Customization||Report Format Alteration|
Top Companies Market Share in Skin Care Industry: (In no particular order of Rank)
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Major players are primarily focusing on launching and developing new products. In addition, companies are striving to come up with new strategies such as joint ventures, mergers & acquisitions to expand their footprints across the globe. To increase the market share, a number of significant industry participants are concentrating on developing an enhanced skincare market. For instance, in 2023, Tula Skincare launched a new radiant skin-brightening serum concealer, infused with Rainbow Seabright Elixir, a clinically proven serum-like formula that conceals dark circles and discoloration for long-wearing while brightening the appearance of skin over time.
The brand launched six products including sunscreen, vitamin C, and vitamin B serums, a night cream, a rescue cream, and a cleanser, with more planned for the future.
Global Report Edition includes data about 5 major regions and a total of 36 countries. Please refer to the Table of Contents tab. If you require customized data our research team will assist you and provide you with an exclusive report edition delivery. You can also purchase regional and country-level data edition/s. Please get in contact with us prior to making a purchase firstname.lastname@example.org.
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