The global skin care products market was valued at $136,304 million in 2016, and is projected to reach $194,961 million by 2024, growing at a CAGR of 4.5%. Skin care products consist of chemical compounds, medicinal herbs, or natural ingredients, which are applied to the skin to maintain it; avoid early aging symptoms, black patches, and pimples; and enhance beauty. These products are used by both women and men on a daily basis on their face and body. Face care products include skin brightening creams, face moisturizers, sunscreens, fairness creams, antiaging creams, toners, serums, nourishment creams, under eye creams, day creams, and night creams. Premium products for body care, such as body scrubs, massage oils and creams, and body mass care products like sunscreen lotion and moisturizers are categorized under body care. In the cosmetics industry, skin care is considered as one of the most profitable category in the market. Skin care products with standard quality are preferred by consumers for safe, better, and good results.
Change in global lifestyle coupled with rapid urbanization stimulates the market growth. Moreover, increase in awareness towards skin care by use of advanced skin care products and high demand for organic and natural ingredients in skin care products drive the growth. In addition, owing to climatic changes, consumers are shifting towards the usage of skin care products to maintain their skin from getting damage and spoiled. However, limited shelf life of the skin care products and high price of natural and organic ingredients used in products are expected to hinder the market growth. New product innovation and surge in investment by private investors and government in emerging countries supports substantial growth in global skin care products market.
The global skin care products market is segmented on the basis of product and geography. Based on product, it is bifurcated into face cream and body lotion. Face cream includes skin brightening creams, antiaging creams, and sun protection creams. Body lotion includes mass market body care lotion and premium body care lotion. Geographically, the market is analyzed across into North America, Europe Asia-Pacific, and LAMEA.
The major players profiled in the report are as follows:
Johnson & Johnson
The Estee Lauder Companies Inc.
Unilever PLC, Avon Products Inc.
L'Oreal S.A.
Kao Corporation
Colgate-Palmolive Company
Shiseido Company
Beiersdorf AG
Procter & Gamble
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the skin care products market with current and future trends to elucidate the imminent investment pockets.
It presents information regarding key drivers, restraints, and opportunities with impact analysis.
Porters Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers.
Market player positioning in the report provides a clear understanding of the position of leading companies.
KEY MARKET SEGMENTS
By Product
Face Cream
Skin Brightening
Antiaging
Sun Protection
Body Lotion
Mass Body Care
Premium Body Care
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Rest of LAMEA
OTHER KEY PLAYERS*
Avon
AmorePacific
Amway
Aveda
BABOR
Bioderma Laboratory
Rachel K Cosmetics
