The Skincare Global Market Report 2023, provides comprehensive information on the skincare market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Skincare Market’s Growth:
https://www.thebusinessresearchcompany.com/report/skincare-global-market-report
The global skincare market size is expected to grow from $125.08 billion in 2022 to $134.10 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of skincare market is expected to reach $170.42 billion in 2027 at a CAGR of 6.2%.
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Product innovation is a key trend gaining popularity in the skincare market. Companies operating in the skincare market are adopting innovative products to sustain their position in the market. For instance, in April 2023, AW Faber-Castell Cosmetics GmbH, a Germany-based cosmetics manufacturer, launched a mechanical makeup pencil that can be recharged. It is an innovative design for a refillable pencil for cosmetic formulas and a part of their new Protopia line of cosmetic and skincare pencils. The rechargeable pencil offers two distinct vegan and clean textures for lips, eyes, and brows. Cosmetics company described it as a breakthrough in sustainability and environmental friendliness.
The skincare market is segmented:
1) By Product Type: Creams, Lotions, Powders, Sprays, Other Products
2) By Packaging Type: Tube, Bottle, Jar, Other Packaging
3) By Gender: Men, Women
4) By Distribution channel: Stores, Supermarkets, Online, Other End-Users
Asia-Pacific was the largest region in the skincare market in 2022.
The table of contents in TBRC’s skincare market report includes:
1. Executive Summary
2. Skincare Market Characteristics
3. Skincare Market Trends And Strategies
4. Skincare Market – Macro Economic Scenario
5. Skincare Market Segmentation
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26. South America Skincare Market
27. Brazil Skincare Market
28. Middle East Skincare Market
29. Africa Skincare Market
30. Skincare Market Competitive Landscape And Company Profiles
Top Major Players:
- Cardinal Health Inc
- Johnson & Johnson
- LVMH Moët Hennessy Louis Vuitton S.E
- Procter & Gamble Company
- Unilever PLC
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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