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Global Skin Care Products Market – Industry Trends and Forecast to 2031

  • FMCG
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Skin Care Products Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - 4.9% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 171.25 Million
Diagram Market Size (Forecast Year) USD 251.09 Million
Diagram CAGR 4.9%

Global Skin Care Products Market, By Type (Facial Care, Lip Care, Body Care), Products (Moisturizers, Cleansing Lotions, Facial Mask, Shaving Creams, Serums, Exfoliators, Anti-Ageing Creams, Toners, Eye Cream, Sun Care Products, Others), Packaging Type (Tube, Bottle, Jars, Others), Category (Mass Body Care, Premium Body Care), Price Range (Economy, Mid-Range, Premium), Ingredient (Chemical, Natural), Distribution Channel (Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Other Distribution Channels), End User (Male, Female, Unisex) – Industry Trends And Forecast To 2031.

Skin Care Products Market

Skin Care Products Market Analysis and Size

Over the past five to six years, there has been an increase in demand for personal care products due to rising awareness of the issue. This demonstrated the growing demand for natural skin care products, which is turning them into a significant market segment in the cosmetics industry. Face creams and moisturizers held the largest revenue share, and it is anticipated that they will maintain their dominance throughout the forecast period.

Data Bridge Market Research analyzes that the global skincare market is expected to reach USD 251.09 million by 2031, which was USD 171.25 million in 2023, registering a CAGR of 4.90% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

 Skin Care Products Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Facial Care, Lip Care, Body Care), Products (Moisturizers, Cleansing Lotions, Facial Mask, Shaving Creams, Serums, Exfoliators, Anti-Ageing Creams, Toners, Eye Cream, Sun Care Products, Others), Packaging Type (Tube, Bottle, Jars, Others), Category (Mass Body Care, Premium Body Care), Price Range (Economy, Mid-Range, Premium), Ingredient (Chemical, Natural), Distribution Channel (Specialist Retail Stores, Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online Retail Channels, Other Distribution Channels), End User (Male, Female, Unisex)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Belgium, Lithuania, Austria, Ireland, Norway, Poland, Italy, Spain, Russia, Turkey, Netherlands Switzerland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa.

Market Players Covered

Unilever (U.K.), Beiersdorf (Germany), The Estee Lauder Company Inc. (U.S.), Johnson & Johnson Private Limited (U.S.), Avon Products (U.K.), Shiseido Company Ltd. (Japan), Procter & Gamble (U.S.), Revlon Incorporation (U.S.), Clarins (France), MAKE-UP ART COSMETICS. (U.S.), Colgate Palmolive Company (U.S.), Clinique Laboratories, llc. (U.S.), Estee Lauder Inc. (U.S.), Amway (U.S.), Oriflame Cosmetics AG (Switzerland), LVMH (France), Coty Inc. (U.S.), VLCC Wellness (Switzerland)

Market Opportunities

  • Improvement In living standards and rising disposable income
  • Demand for natural and organic products

Market Definition

Skincare is a practice that helps enhance our texture and appearance. We use products that helps us maintain the glow and helps us look presentable. Multiple products such as Toners, powders, cleansing lotions, body lotions, masks, serums, and creams containing beta-hydroxy acids, retinol, and alpha-hydroxy acids are among the top demanded products in the market.

Global Skin Care Products Market Dynamics

Driver

  • Increasing Awareness about Skin Care

The skin care segment is growing significantly as more women incorporate grooming products into their daily routines to boost their self-esteem and appearance. In recent years, the significance of self-care has inspired women to actively create relaxing self-care experiences through at-home skincare routines. The demand for skincare products with active ingredients that have nourishing and healing properties is being driven by this trend. The market for men's skincare is expanding as a result of rising disposable income, celebrity endorsements, and increased product launches among men who are becoming more conscious of their personal hygiene and regular grooming. Men's preferences for skincare products are expanding beyond those for traditional grooming.

Opportunity

  • Improvement In Living Standards and Rising Disposable Income

Rapid urbanization has been observed as people's living standards have increased, and this, combined with an increase in the working section, has made people more aware of personal care products, which has fueled the growth of the skin care products market. Many people are more likely to use skin care and body care products as a result of rising disposable incomes and consumers' increased ability to spend.

 Restraints/ Challenges

  • Side Effects Due to Use of Multiple Products

Increasing number of products has confused people with brands, which has resulted in switching to different brands for different products. Using of multiple products can even damage the skin and can result into rashes, acne, and pimples. Even use of grooming kits, and daily skin care can result in slow growth of cells and hence skin can look dull and dry.

  • Environmental Impact

The packaging of skin care products, such as plastic bottles, tubes, and jars, generates a significant amount of waste. Many of these containers are not recyclable, and their disposal can contribute to landfill and ocean pollution.

This skincare products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the skincare products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In 2022, LVMH’s brand KVD beauty introduced New Good Apple Lightweight Full-Coverage Concealer, which has ultra-concentrated Interlace Pigments that easily blends into the face for crease-resistant coverage and maximum vibrancy
  • In 2021, Gillette launched Planet KIND, a new shaving and recyclable skincare brand made with 85% recycled paper, 85% recycled plastic, or infinitely recyclable aluminum
  • In 2021, Beiersdorf introduced a customized Face Care New Brand O.W.N. Only What’s Needed” – O.W.N which uses ingredients specially to fulfil the skincare needs

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, productsion analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Skincare Products Market Scope

The skincare products market is segmented on the basis of type, products, packaging type, categories, price range, ingredients, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Facial Care
  • Lip Care
  • Body Care

Products

  • Moisturizers
  • Cleansing Lotions
  • Facial Masks
  • Shaving Creams
  • Serums
  • Exfoliators
  • Anti-Ageing Creams
  • Toners
  • Eye Creams
  • Sun Care

Packaging Type

  • Tube
  • Bottle
  • Jars
  • others

Categories

  • Mass Body Care
  • Premium Body Care

Price Range

  • Economy
  • Mid-Range
  • Premium

Ingredients

  • Chemical
  • Natural

Distribution Channel                                                              

  • Specialist Retail Stores
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Pharmacies/Drug Stores
  • Online Retail Channels
  • Other Distribution Channels

End User

  • Male
  • Female
  • Unisex

Global Skincare Market Regional Analysis/Insights

The skincare products market is analyzed and market size insights and trends are provided by country, type, products, packaging type, categories, price range, ingredients, distribution channels and end user as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, rest of Europe, Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, and rest of Middle East and Africa.

North America is expected to dominate the market due to the rising demand for anti-aging products from both the male and female population.

Asia-Pacific region is expected to witness a faster CAGR during the forecast period due to the growing middle-class population coupled with the rising per capita income of consumers in the growing economies including China, Japan, India, and South Korea in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  

 Competitive Landscape and Global Skincare Products Market analysis

The skincare products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, products launch, products width and breadth, application dominance. The above data points provided are only related to the companies' focus related to skincare products market.

Some of the major players operating in the skincare products market are:

  • L’Oreal S.A. (France)
  • Unilever (U.K.)
  • Beiersdorf (Germany)
  • The Estee Lauder Company Inc. (U.S.)
  • Johnson & Johnson Private Limited (U.S.)
  • Avon Productss (U.K.)
  • Shiseido Company Ltd. (Japan)
  • Procter & Gamble (U.S.)
  • Revlon Incorporation (U.S.)
  • Clarins (France)
  • MAKE-UP ART COSMETICS. (U.S.)
  • Colgate-Palmolive Company (U.S.)
  • Clinique Laboratories, llc. (U.S.)
  • Estee Lauder Inc (U.S.)
  • Amway (U.S.)
  • Oriflame Cosmetics AG (Switzerland)
  • LVMH (France)
  • Coty Inc. (U.S.)
  • VLCC Wellnes (Switzerland)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Skin Care Products Market size will be worth USD 251.09 million by 2031 during the forecast period.
The Skin Care Products Market growth rate is 4.90% during the forecast period.
The Increasing Awareness about Skin Care is the growth driver of the Skin Care Products Market.
The type, products, packaging type, categories, price range, ingredients, distribution channel, and end-user are the factors on which the Skin Care Products Market research is based.
The major companies in the Skin Care Products Market are Unilever (U.K.), Beiersdorf (Germany), The Estee Lauder Company Inc. (U.S.), Johnson & Johnson Private Limited (U.S.), Avon Products (U.K.), Shiseido Company Ltd. (Japan), Procter & Gamble (U.S.), Revlon Incorporation (U.S.), Clarins (France), MAKE-UP ART COSMETICS. (U.S.), Colgate Palmolive Company (U.S.), Clinique Laboratories, llc. (U.S.), Estee Lauder Inc. (U.S.), Amway (U.S.), Oriflame Cosmetics AG (Switzerland), LVMH (France), Coty Inc. (U.S.), VLCC Wellness (Switzerland).
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