Skincare Market By Products (Creams and Moisturizers, Powder, Cleansers and Face Wash, Others), By Distribution Channel (Online, Offline), By Gender (Male, Female), By Packaging (Tubes, Bottles and Jars, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Skin Care market is envisioned to garner $273.3 billion by 2031, growing from $146.7 billion in 2021 at a CAGR of 6.7% from 2022 to 2031.
Companies are introducing organic cosmetic products in response to growing awareness about the long-term effects of cosmetics uses. This trend responds to the increased consumer demand for organic and natural cosmetics. The usage of organic cosmetic products decreases the likelihood of any unwanted product consequences. The rise in the number of fake items in the market is one of the primary reasons preventing the skincare products market from growing.
The rise in prevalence of skin problems caused by synthetic components in beauty goods and cosmetics is likely to fuel market growth. Furthermore, the world's rapidly rising urban population, increase in disposable income, and increase in health awareness are important drivers driving the skin care market's expansion. Surge in product R&D investments have provided the sector with lucrative growth opportunities. Skin care product sales are expanding in emerging markets. Skin care is the most important component of the beauty industry. Skin care products can improve the quality, cleanse, and beautify exterior body components, allowing people to appear healthier and more appealing.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. To limit the spreading of the global pandemic, COVID-19, numerous retail outlets, beauty shops, and hairdressers have been temporarily closed. As a result, sales of skin care products have plummeted. However, the reduction in sales from store-based channels is more than offset by increase in sales from online channels. Owing to the scarcity of herbal skincare products in retail stores, people are turning to e-commerce channels to acquire them.
The key players profiled in this report include L’Oréal Professional, Unilever, Procter & Gamble, Estée Lauder Inc. Beiersdorf AG, Shiseido Co., Ltd. Natura & Co. Kao Corporation, Johnson & Johnson Services, Inc., and Avon Products Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the skincare market analysis from 2021 to 2031 to identify the prevailing skincare 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 skincare 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 skincare market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Products
Creams and Moisturizers
Powder
Cleansers and Face Wash
Others
By Distribution Channel
Online
Offline
By Gender
Male
Female
By Packaging
Tubes
Bottles and Jars
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Estee Lauder Companies Inc.
Johnson's & Johnsons
L'Oreal
Shiseido Ltd.
Amore Pacific
Unilever plc
Deciem
Glossier
Gladerma
PROCTER & GAMBLE HYGIENE & HEALTH CARE Ltd
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