The global skin care products market is estimated to be valued at USD 156.97 Bn in 2025, growing at a CAGR of 5.0% over the forecast period (2025-2032). The global skin care products market has been witnessing steady growth over the past few years. Rising awareness about skin care among consumers and introduction of new advanced products with multiple benefits have been driving the market growth. Rapid urbanization, changing lifestyles, and growing focus on personal care and appearance are some key factors boosting the demand for skin care products globally. Further, rising disposable incomes in developing countries provide potential growth opportunities for market participants.
Market Dynamics:
The global skin care products market is primarily driven by a few key factors such as increasing awareness regarding the benefits of personal grooming and appearance, growing middle class population with higher disposable incomes especially in Asian countries, and introduction of innovative products with organic and natural ingredients. Moreover, people are increasingly taking preventive care of their skin from early ages which supports the market growth. However, availability of low quality counterfeit products in some regions hampers brand loyalty, thus posing a challenge. The outbreak of COVID-19 adversely impacted the market in 2020 due to lockdowns and restrictions on cosmetic stores. Nevertheless, rising e-commerce shopping has opened new opportunities for online sales.
Key Features of the Study:
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