Global Skin Care market was valued at US$201.656 billion in 2019

Global Skin Care market was valued at US$201.656 billion in 2019

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on Global Skin Care Market from 2020 to 2025 to their offering.

The skin care products include creams, powders, and lotions that aids in the improvement the health and quality of the skin and also provides the nourishment to the skin. The skin care products are used by women and men daily for purposes such as cleansing, moisturizing and hydrating among other features of the skin care products. The demand for the skin care products is increasing due to the rise in the disposable income, changing lifestyles and urbanization in the developing countries, in addition, the beauty enhancing and the skin products are also used as remedy for the skin-related issues. The rise in the urbanization especially in the developing countries such as China and India are boosting the purchasing power and thus the way of increase their standard of living of the consumers.  The growth in the market size of the skin care is leading to innovation and offering of the premium brands which is further fueling the demand of the products as more consumers are getting attracted by the premium brands. The companies of the skin care market are expanding their market share by building their digital appeal and improving their credibility.

The skin care market is growing to the rise in the consciousness about the skin and looks quality which is leading to the increasing in the demand for the skin care products to maintain and enhance the look. However, the consumers are getting more sensitive regarding skin care products and its ingredients which is resulting in the rise in the awareness in choosing the products which matches their expectations and is suitable for them. The manufactures use various synthetic chemicals that have adverse effects on the skin, the consumers are getting increasingly aware of different chemicals and compounds used as ingredients and are demanding organic and natural skin products. The manufactures are trying to meet the demand and expectations of the consumers by using the ingredients that are derived from natural products such as leaf and root extracts as they are safe on the skin and have no side-effects. The brands such as Avon Naturals and Garnier Organic are adopting the organic and natural ingredients-based products.

In addition to the rise in the global warming and climate change, the increase in pollution levels is fueling the demand for the skin care products as the harsh sunlight, dust and dry weather is affecting the skin which is leading more consumers to adopt the skin care products for protection. According to the Sun Behavior Survey carried out by the Canadian Dermatology Association in 2018, 77% of the Canadian population surveyed said that Sunscreen is an essential in their life and 87% of the population said that they use Sun Protection Factor (SPF) of 30 or higher,

The skin care market is witnessing the shift in the demand by the consumer base as older consumers are being replaced by the younger generation as they want to delay the signs of aging. The manufactures of the skin care market are adopting this as their marketing strategy with the purpose to attract the older generation and to balance the consumer base.  The face product segment is attracting a significant share in the skin care market due to increasing benefits in the sunblock, anti-aging, moisturizer and anti-tanning creams.  The skin brightening face cream type is witnessing increase in the demand as they aid in reducing the acne scare, age spots, freckles and pimples, etc.

Consumer base are getting aware of the cruelty of the animals and are standing up against it which is leading to shift of the preference towards cruelty free skin care products.  The government of many countries has banned the usage of the animals for the testing and has also banned the use of animal-based ingredients in the personal and skin-care products. The companies in the skincare market are focusing in the research and development that do not cause harm to the environment and animals thus creating new opportunities to expand the market and positively impact the skin care market growth during the forecasted period.

The advancement of technology and innovations in the beauty and personal care industry such as the development of Internet of things and Artificial Intelligence is offering personalized skin care solutions to gain significant traction. For instance, in 2019, Shiseido Company Limited had launched ne IoT based skin care service known as ‘Optune’ that will show the skin care requirement according to the skin condition of the consumers.

As a part of the report, the major players operating in the global sauces and dips market, which have been covered are L'Oréal S.A., Estée Lauder Companies Inc., Avon Products, Inc., Coty Inc., Revlon Consumer Products Corporation, Shiseido Company Limited, Unilever N.V., Procter & Gamble Company, Beiersdorf AG and Johnson and Johnson.

View a sample of the report or purchase the complete study at  https://www.knowledge-sourcing.com/report/global-skin-care-market

This report segmented the Global Skin Care Market on the basis following terms

  • By Product
    • Face Products
      • Sun Protection
      • Face Moisturizers
      • Face Brightening
      • Other
    • Body Products
  • By Distribution Channel   
    • Offline
    • Online
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others