What Are The Historic And Forecasted Market Size Figures For The Global Skin Care Products Market?
The skin care products market size has shown strong growth in recent years, going from $159.89 billion in 2024 to a projected $172.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period has been driven by factors such as beauty and personal care trends, aging population and anti-aging products, demand for natural and organic products, celebrity endorsements and marketing, and increasing awareness of skin health.
The market is set for robust growth in the next few years, reaching $242.69 billion in 2029 at a CAGR of 9.0%. This projected growth can be attributed to a rise in clean and sustainable skincare products, personalized skincare solutions, adoption of skincare technology apps, skin health awareness and wellness trends, expansion of the men’s skincare market, emerging markets, and global beauty trends. Major trends in the forecast period include AI and machine learning for skincare analysis, DNA-based personalized skincare products, eco-friendly and refillable skincare packaging, beauty tech devices for at-home skincare, biodegradable and zero-waste skincare products, and skin microbiome-friendly products.
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What Is Fueling The Growth Of The Skin Care Products Market?
The growing awareness regarding the benefits of using personal care products is expected to propel the growth of the skin care products market. Regular use of these products promotes hygiene and helps prevent the spread of diseases. In January 2023, the UK-based Cosmetic Toiletry & Perfumery Association reported a rise in skincare sector sales from 456,401 units in 2022 to 460,868 units in 2023, signifying a growth of around 1.0%. This increase reflects the growing recognition of personal care product benefits which drives the skincare product market.
What Are The Key Segments Of The Skin Care Products Market?
The skin care products market is divided based on:
1) Product Type: Anti-Aging Products, Skin Whitening Products, Sensitive Skincare Products, Anti-Acne Products, Dry Skin Care Products, Infant Skin Care Products, Other Product Types
2) Distribution Channel: Hypermarket, Supermarket, Cosmetics Stores, Online Stores, Other Distribution Channels
3) End User: Male, Female, Kids
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Who Are The Major Players In The Skin Care Products Market?
Leading companies in the skincare products market include L’Oreal S.A., Beiersdorf AG, Shiseido Co. Ltd., Procter & Gamble, Unilever, Johnson & Johnson Inc., Avon Products Inc., Coty Inc., Colgate-Palmolive Company, Revlon, The Estée Lauder Companies Inc., Himalaya Wellness Company, Lotus Herbals Pvt Ltd., Neutrogena Corporation, Olay, Barbara Sturm Molecular Cosmetics GmBH, Renée Rouleau, Kao Corporation, CeraVe, La Roche-Posay, Aveeno, Vichy, Cetaphil, Eucerin, Nivea, Garnier, LVMH.
What Are The Emerging Trends In The Skin Care Products Market?
The advent of artificial intelligence is a significant trend in the skincare products market. Many skincare companies are introducing new AI-powered products to boost their market position. In October 2022, AS Watson Group, a Hong Kong-based beauty product manufacturer and retailer, launched an AI-based skin analysis tool called Skinfie Lab. This tool uses AI to assess customers’ skin through selfies and recommends personalized skincare products based on the results, making personalized skincare regimen more accurate.
Which Region Is Leading In The Skin Care Products Market?
Asia-Pacific was the largest region in the skin care products market in 2024 and is projected to be the fastest-growing region in the coming years. The regions covered in the skincare products market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Skin Care Products Market Report 2025 Offer?
Skin care encompasses products that safeguard skin and enhance its look. These products come in varied forms like creams, serums, and lotions and are used to improve skin texture, cleanse, and moisturize the face, hands, and body. The Skin Care Products Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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