Skincare Market Size, Share, Growth Analysis, By Type, By Price Range, By Ingredients, By Organic, By Occasion of Use, By Brand, By Gender, By End User, By Distribution Channel, By Region - Industry Forecast 2024-2031

Global Skincare Market size was valued at USD 135.83 billion in 2022 and is poised to grow from USD 142.21 billion in 2023 to USD 205.36 billion by 2031, growing at a CAGR of 4.7% during the forecast period (2024-2031).

Raising awareness about one’s looks and skin quality, coupled with the rising spending power of people worldwide, are factors at the forefront of skincare market growth . Yet another significant opportunity observed in the skincare industry is the popularity of organic skin products. Manufacturers are unveiling new beauty care products formulated from natural or organic ingredients every now and then to capture the attention of consumers. Such products are witnessing significant sales worldwide because of the growing awareness of the possible side effects of chemical-based skin care products. Personalized products are gaining popularity around the world. With an increasing consumer preference for natural beauty products, creams, serums, and moisturizers infused with natural ingredients are expected to see significant demand during the forecast period. Such products are thought to be more effective and to have fewer or no side effects, which is expected to increase their popularity among consumers.

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