What is the global market size of Professional Skincare Market?

Professional Skincare Market size was valued at USD 130.5 billion in 2021 and is poised to grow from USD 136.35 billion in 2022 to USD 196.2 billion by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

Professional Skincare Market Size, Share, Growth Analysis, By Product Type(Creams, Lotions, Powders, Sprays), By Skin Type(Neutral skin, Dry skin, Oily skin, Mixed skin), By Price Range(Economy, Mid-Range, Premium), By Composition(Organic/Natural, Conventional), By Distribution Channel(Offline retail stores (Direct Sales, Supermarkets/Hypermarkets, Departmental Stores, Convenience stores), By Region - Industry Forecast 2024-2031

Report ID: SQSG30L2041 | Region: Global | Published Date: October, 2024
Pages: 260 | Tables: 152 | Figures: 78

Professional Skincare Market Insights

Professional Skincare Market size was valued at USD 130.5 billion in 2019 and is poised to grow from USD 136.35 billion in 2023 to USD 196.2 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

The skincare sector is regarded as one of the world's emerging markets. Given that the skin is a vital organ of the human body and is exposed to the outside environment, there is an increasing level of awareness regarding the need of maintaining good skin. Professional skincare products are more effective because they are designed specifically for different skin types and conditions. To meet the skin's unique needs, professional skin care products are used. Numerous skin issues, such as burns, scars, patchy skin, itchy skin, dry skin, and other skin ailments are addressed by these products. In addition, the effects of UV rays and other environmental variables on the skin compel people to use skincare products. In the professional skincare market, researchers, aestheticians, and dermatologists with in-depth product knowledge are typically involved.

US Professional Skincare Market is poised to grow at a sustainable CAGR for the next forecast year.

Professional Skincare Market Report Snapshots

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The professional skincare industry is highly fragmented due to the existence of several domestic and foreign companies in the worldwide market. Manufacturers are putting more of an emphasis on providing items with sustainable ingredients, such as vegan and organic goods, as well as eco-friendly packaging options to lower their carbon impact. Manufacturers are concentrating on employing different botanical extracts as raw materials in order to draw in customers and satisfy the growing consumer demand for safe and less hazardous products. 'L'Oréal S.A.', 'Unilever PLC', 'The Procter & Gamble Company', 'Estée Lauder Companies Inc.', 'Johnson & Johnson Services Inc.', 'Shiseido Company Limited', 'Beiersdorf AG', 'Clarins Group', 'Kao Corporation', 'The Body Shop International Limited', 'Colgate-Palmolive Company', 'Amorepacific Corporation', 'Avon Products Inc.', 'Coty Inc.', 'Revlon Inc.', 'Mary Kay Inc.', 'Elizabeth Arden Inc.', 'Oriflame Cosmetics Global SA', 'Henkel AG & Co. KGaA', 'Chanel S.A.'

Increasing awareness of skin-related issues and increasing importance of skincare: Global air pollution is a significant factor causing various skin related problems. Wrinkles, early skin aging, and the development of spots are a few of the harmful impacts of air pollution on human health. The demand for professional skin care solutions that can counteract the impacts of increased air pollution on the skin has increased. Toxic vapors are a serious and widespread form of air pollution, and their effects are harsh on the skin. Metropolises like Liverpool, London, Berlin, Hamburg, New York, and San Francisco, as well as heavily polluted Asian cities, are blatant examples of how poisonous gasses affect individuals. Skin aging is primarily brought on by toxic gasses. Hives and eczema are two other skin disorders that have been connected to air pollution. Pollutants in the air are known to contribute to skin aging as well as acne, psoriasis, rosacea, ichthyosis, vitiligo, and seborrheic dermatitis. Leading makers of professional skin care products are being prompted by the negative impact of air pollution on skin to concentrate more on preventative measures.

Increasing technological advancements in the professional skincare industry: Skincare products have benefits including softening the skin and renewing cells, which contribute to a youthful appearance. The advances in artificial intelligence (AI) and IoT-based products that give individualized skin nutrition solutions to individuals is gaining major traction in the beauty and personal care market, and this is likely to increase product demand.

Based on the region, the Asia Pacific region currently dominates the global professional skincare market. In 2021, Asia Pacific had the highest revenue share of more than 35%. This is due to the region's rising standard of living, expanding working-class population, and rising purchasing power of the people. The growth of the chemical sector in China and India, both of which have government support, is anticipated to assure ongoing access to raw materials for producers of skincare products and, as a result, to positively impact the Asia Pacific market throughout the projection period. In terms of consumption as well as production, China is one of the key nations assisting the expansion of the global market for cosmetics and skin care goods. Additionally, a number of government initiatives are boosting the nation's demand for skin care goods. Additionally, increased access to a wide variety of brands and rising awareness of skin nutrition products are likely to drive the skincare market growth in Asia Pacific.

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Professional Skincare Market Insights

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