According to the latest report by IMARC Group, titled “Skin Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global skin care products market reached a value of US$ 131 Billion in 2020. Looking forward, IMARC Group expects the global skin care products market to exhibit moderate growth during the 2021-2026. Skin care products refer to a range of products, such as creams, toners, cleansers, serums, oils, masks, sunscreen, anti-aging cream and scrubs, that are utilized by individuals to improve the overall appearance and texture of the skin. They are not only used to fight breakouts or add a youthful glow to the skin but also aid in the protection of the skin against the adverse effects of sun, pollutants and other external factors. Apart from this, these products are used to treat numerous chronic skin conditions, as well as hyperpigmentation and blemishes. Comprising key ingredients like retinol and hydroxy acids, these products are fortified with various organic ingredients, including essential oils and vitamins C and E, as their usage is associated with reduced chances of developing irritations, breakouts and severe allergic reactions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Skin Care Products Market Trends:
The global market is primarily driven by the growing preference for personal grooming among the masses. A majority of the population practices a skin care regime that consists of numerous skin care products, including face wash, moisturizers and serums, thereby increasing their uptake. This is facilitated by rapid urbanization, shifting spending patterns and a significant rise in pollution levels. The growing inclination of the male population toward personal well-being is also contributing to the sales of these products. Moreover, the sales of premium as well as organic skin care product variants are also bolstering across the globe, facilitated extensively by inflating disposable income levels and aggressive promotional activities by numerous manufacturers. Consumers are also growing conscious regarding the detrimental effects of artificial ingredients and chemicals, which has accelerated the continual launch of chemical-free skin care product variants. Some of the other factors driving the growth of the market include the easy availability of products through online retails platforms and attractive packaging solutions.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Johnson & Johnson Services, Inc.
- The Estée Lauder Companies.
- Unilever PLC/NV
- New Avon Company
- L’OREAL S.A.
- Kao Group
- Colgate-Palmolive Company
- Shiseido Co., Ltd.
- Beiersdorf AG
- The Procter & Gamble Company
- Revlon Consumer Products Corporation
Breakup by Product Type:
- Face Cream
- Skin Brightening Cream
- Anti-Aging Cream
- Sun Protection Cream
- Body Lotion
- Mass Body Care
- Premium Body Care
Breakup by Ingredient:
Breakup by Gender:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Beauty Parlours and Salons
- Multi Branded Retail Stores
- Exclusive Retail Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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