Skin Care Products Market By Type (Face Cream, Body Lotion, Face Wash, Others), By End User (Women, Men), By Price Point (Mass, Premium), By Distribution Channel (Supermarkets and Hypermarkets, Specialty stores, Online Channels, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
The skin care products market was valued at $170,724.8 million in 2021, and is estimated to reach $241,517.7 million by 2031, registering a CAGR of 3.6% from 2022 to 2031. In 2021, the face cream segment occupied the largest market share as it is one of the most popular types of skin care products pieces in the world. There are numerous skin care products on the market, including face creams, body lotions, face cleansers, and others. Skin care products are specialist items that are used to the skin to restore its natural beauty and shine as well as to treat damaged skin. These products support the general health and welfare of the skin while helping to moisturize dry skin and remove excess oil from oily skin. It is essential to use numerous skin care products for varied objectives since these products are made to perform a variety of activities.
Skin care products are becoming more popular as people become more aware of the value of having a beautiful personality and maintaining healthy skin. Increasing social media promotion is expanding global awareness of skin care products. Furthermore, information gained through media like the web, television, and periodicals assists in learning about the advantages of skin care products. Furthermore, the negative impacts that pollution has on the skin are increasing the demand for skin care products globally. Customers are becoming more aware of the negative effects of pollution, sun damage, ageing, wrinkles, and fine lines on the skin, so they are starting to turn to advanced skin care products which include antiaging creams, skin brightening creams, and sun protection creams, among many others, to maintain and protect skin from damage.
Most skin care, facial care, as well as other skin care products in use by individuals of every age contain substances that can cause skin allergies. These potentially hazardous substances are used in the production of products for personal care. Formaldehyde, methylene glycol, dibutyl and diethylhexyl phthalates, isobutyl and isopropyl parabens, and various other compounds have been associated with skin allergies, rashes, skin dryness, and skin damage, as well as reproductive health harm. Carcinogens include formaldehyde, methylene glycol, diethanolamine, butylated hydroxyanisole, and similar chemicals, which raise the risk of non-lymphoma, Hodgkin's multiple myeloma, acute leukemia, and bladder cancer. These health hazards connected with chemical compounds in skin care products cause many consumers to abandon skin care products, resulting in market losses.
Numerous skin care product manufacturers are expanding into emerging nations, particularly in Asia-Pacific and Latin America, in order to benefit the region's growing consumer base. The governing authorities of these countries are also generating attractive chances for enterprises in the region and favorable foreign investment regulations in order to deliver better quality products to their citizens while also improving their countries' economic conditions. This has resulted in various international businesses investing in nations such as India, Pakistan, Sri Lanka, South Africa, Brazil, and others, giving high-quality items at lower prices to consumers in the regions. These investments in emerging markets will encourage more purchases of skin care items from the region, that will help boost market expansion in the years to come.
The skin care products market is segmented on the basis of type, end user, price point, distribution channel, and region. By type, the skin care products market is classified into face cream, body lotion, face wash, and others. Depending on end user, the market is categorized into women and men. By price point, the market is divided across mass and premium. According to the distribution channel used for the sale of skin care products the market is segmented into supermarkets and hypermarkets, specialty stores, online channels, and others. By region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Some of the major players analyzed in this report are Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, LOREAL S. A., LVMH, Procter & Gamble, Revlon, Inc., Shiseido Company, Limited, Unilever, and Weleda AG.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the skin care products market analysis from 2021 to 2031 to identify the prevailing skin care products market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the skin care products market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global skin care products market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy End UserWomen
Men
By Price PointMass
Premium
By TypeFace Cream
Sub Type
Skin Brightening Cream
Anti Aging Cream
Sun Protection Cream
Body Lotion
Face Wash
Others
By Distribution ChannelOthers
Supermarkets and Hypermarkets
Specialty stores
Online Channels
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
Johnson & Johnson
Kao Corporation
LOREAL S. A.
LVMH
Revlon, Inc.
Shiseido Company, Limited
The Estee Lauder Companies Inc.
The Procter & Gamble Company
Unilever PLC
Weleda AG
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