Skin Care Products Market

Skin Care Products Market Size, Share, Growth Analysis, By Gender Outlook(Male, Female), By Product Outlook(Face Creams & Moisturizers, Cleansers & Face Wash, Sunscreen, Body Creams & Moisturizers), By Distribution Channel Outlook(Supermarkets & Hypermarkets, Convenience Stores, Pharmacy & drugstore, Online), By Region(North America, Europe, Asia-Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG30L2159 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Skin Care Products Market Insights

Market Overview:

The global market for skincare products was valued at approximately USD 135.83 billion in 2022, and it is forecasted to experience a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The rising demand for facial creams, sunscreens, and body lotions on a global scale is expected to have a favorable impact on this growth. Additionally, the thriving e-commerce industry is projected to further stimulate market expansion. The beauty and cosmetics sector faced severe challenges during the COVID-19 pandemic, as stringent lockdown measures led to store closures and a significant decline in sales, with a global decrease of 60-70% between March and April 2020.

Skin Care Products Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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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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FAQs

The market for Skin Care Products was estimated to be valued at US$ XX Mn in 2021.

The Skin Care Products Market is estimated to grow at a CAGR of XX% by 2028.

The Skin Care Products Market is segmented on the basis of Gender Outlook, Product Outlook, Distribution Channel Outlook, Region.

Based on region, the Skin Care Products Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Skin Care Products Market are L’Oréal S.A., Beiersdorf AG, Shiseido Co., Ltd., Procter & Gamble (P&G), Unilever, Johnson & Johnson, Inc., Avon Products, Inc., Coty Inc., Colgate-Palmolive Company, Revlon.

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Skin Care Products Market

Report ID: UCMIG30L2159

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