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Report ID: UCMIR30L2145
Report ID:
UCMIR30L2145 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
China dominates the global skincare market, with the skincare industry in China expected to experience a 5.9% growth rate in the coming years. Additionally, the skincare market in the Asia Pacific region is poised to expand from USD 54.00 billion in 2022 to USD 85.11 billion by 2030. This growth can be attributed to the growing emphasis of Chinese consumers on skin health and hygiene, which has spurred market development. Chinese companies are also actively involved in creating and introducing new skincare products and technologies to the market, such as Proya's 'PROYA Ultra Luminizing Brightening Essence' launched in July 2022, designed to reduce dark pigments and promote long-term skin whitening.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR30L2145