Overview and Scope
Skin care refers to products that help support skin integrity and enhance its appearance. These products are sold in various types, such as creams, serums, and lotions. Skin care products are used to improve the appearance and texture of the skin and to moisturize and cleanse the face, hands, and body as well.
Sizing and Forecast
The skin care products market size has grown strongly in recent years. It will grow from $148.97 billion in 2023 to $160.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to beauty and personal care trends, aging population and anti-aging products, demand for natural and organic products, celebrity endorsements and marketing, increasing awareness of skin health.
The skin care products market size is expected to see strong growth in the next few years. It will grow to $220.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to 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, skin microbiome-friendly products.
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Segmentation & Regional Insights
The skin care products market covered in this report is segmented –
1) By 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) By Distribution Channel: Hypermarket, Supermarket, Cosmetics stores, Online Stores, Other Distribution Channels
3) By End User: Male, Female, Kids
Asia-Pacific was the largest region in the skin care products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin care products market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising awareness regarding the various benefits of using personal care products is expected to propel the growth of the skin care products market going forward. Using personal care products in your daily routine helps maintain hygiene and prevents catching and spreading germs and diseases. For instance, in July 2021, according to an article published by Edge by Ascential, a US-based online price and promotion analytics service provider, the Health, Beauty, and Personal Care category is expected to grow rapidly, with sales increasing by 305.2 billion USD between 2021 and 2026. Meanwhile, e-commerce sales growth in this industry will outpace store-based sales growth by a 12.1% CAGR from 2021 to 2026. Over the next five years, the health, beauty, and personal care sector is expected to grow at a CAGR of 5.3% in e-commerce sales, surpassing the edible grocery segment and placing itself just behind household and pet care goods. Therefore, the increase in awareness regarding the various benefits of using personal care products is driving the growth of the skincare product market.
Key Industry Players
Major companies operating in the skin care products market include LOreal 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
The skin care products market report table of contents includes:
1. Executive Summary
- Skin Care Products Market Characteristics
- Skin Care Products Market Trends And Strategies
- Skin Care Products Market – Macro Economic Scenario
- Global Skin Care Products Market Size and Growth
- Skin Care Products Market Segmentation
- Skin Care Products Market Regional And Country Analysis
………….
- Key Mergers And Acquisitions In The Skin Care Products Market
- Skin Care Products Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Skin Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Skin Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Skin Care Products Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 74: LOreal S.A. Financial Performance
Table 75: Beiersdorf AG Financial Performance
Table 76: Shiseido Co. Ltd. Financial Performance
Table 77: Procter & Gamble Financial Performance
Table 78: Unilever Financial Performance
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