The global skin care products market size is expected to reach around US$ 204.62 billion by 2030 from US$ 135.85 billion in 2021 and is expected to grow at an impressive double-digit rate of 4.6% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global skin care products market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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The creams, powders, and lotions are all examples of skin care products that improve and nourish the quality of skin. A variety of men and women use these items on a daily basis for a variety of reasons, including hydrating, moisturizing, and cleansing. The organic and natural skin care has become increasingly popular recently. This is due to public awareness of synthetic chemicals’ negative effects on the skin.
The natural ingredients such as leaf extracts and root extracts are safe to use on the skin because they have no negative effects. The skin care products have seen an increase in demand in recent years as people have become more aware of the different benefits of utilizing them. As a result, the demand for natural and organic skin care products has increased, making it a key segment in the cosmetic and wellness market.
Market Dynamics
Drivers
Surge in demand for anti-aging products
The old age people or geriatric population is growing at a rapid pace. This population faces skin care problems which can be treated with proper products and techniques. This has emphasized the importance of utilizing anti-aging products on a large scale. The anti-aging products help people to improve and enhance their skin complexion and quality. That’s the reason, the geriatric population is spending good amount of money on the purchase of anti-aging products such as face cream and anti-wrinkle cream. Moreover, the key market players have started investing heavily on the production of anti-aging products. The new product launch is also helping market players to tap the untapped markets globally. As a result, the surge in demand for anti-aging products is driving the growth of the global skin care products market over the projection period.
Restraints
High cost of skin care products
Some of the skin care products are very costly. The reason being that the organic products require long time period of production and extraction. The premium skin care products are expensive as compared to normal or regular skin care products. Thus, this factor is hindering the growth of the skin care products market during the forecast period.
Opportunities
Technological advancements
The skin care products soften the skin and revitalize the cells, resulting in a more youthful appearance. The artificial intelligence and internet of things-based gadgets that provide individualized skin nourishing solutions to individuals are gaining momentum in the personal care and beauty market, which is predicted to drive product demand. As a result, technological advancements is creating lucrative opportunities for the growth of the global skin care products market during the forecast period.
Challenges
Excessive use of skin care products
The burning sensations, redness, and skin irritation, quick ageing of skin cells, and discoloration can all come from long term usage of cosmetic and skin care products. Some skin care products are only for certain skin types such as oily and dry skin. The consumers, on the other hand, are prone to purchasing products based solely on the brand name and ignoring other product specifics, resulting in skin problems. Thus, the excessive use of skin care products is a major challenge for the market growth.
Report Highlights
- Based on the gender, the female segment dominated the global skin care products market in 2020 with highest market share. Females are more aware of the many skin care products available on the market for various applications, which is increasing product demand on a large scale.
- Based on the products, face creams and moisturizers segment is estimated to be the most opportunistic segment during the forecast period. The brightening, acne removal, moisturizing, dark circle removal, oil reduction, sun protection, and night cream are just a few of the uses for them.
- Based on the distribution channel, the supermarkets and hypermarkets segment dominated the global skin care products market in 2020 with highest market share. The convenience and ease with skin care products can be purchased from supermarkets and hypermarkets is likely to boost the market growth.
Regional Snapshot
Asia-Pacific is the largest segment for skin care products market in terms of region. This is due to the rising standard of life, the growing purchase population, and the growing working-class population in the region.
North America region is the fastest growing region in the skin care products market. The skin care products market in North America is predicted to rise due to greater awareness of skin nutrition products as a result of improved availability to a diverse range of brands.
Why should you invest in this report?
If you are aiming to enter the global skin care products market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for skin care products are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global skin care products market include:
- Colgate-Palmolive Company
- L’Oreal S.A.
- Procter & Gamble
- Unilever
- Coty Inc.
- Shiseido Co. Ltd
- Avon Products Inc.
- Revlon
- Beiersdorf AG
- Johnson & Johnson Inc.
Segments Covered in the Report
By Gender
- Male
- Female
By Products
- Face Creams & Moisturizers
- Cleansers & Face Wash
- Sunscreen
- Body Creams & Moisturizers
- Shaving Lotions & Creams
- Face Masks
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Pharmacy & Drugstore
- Online
- Others
By Category
- Premium Skincare Products
- Mass Skincare Products
By Ingredient:
- Chemical
- Natural
Regional Analysis:
The geographical analysis of the global skin care products market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global skin care products Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global skin care products market in 2030?
- What is the expected CAGR for the skin care products market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global skin care products market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Skin Care Products Market
5.1. COVID-19 Landscape: Skin Care Products Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Skin Care Products Market, By Gender
8.1. Skin Care Products Market, by Gender Type, 2022-2030
8.1.1. Male
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Female
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Skin Care Products Market, By Products
9.1. Skin Care Products Market, by Products Type, 2022-2030
9.1.1. Face Creams & Moisturizers
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Cleansers & Face Wash
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Sunscreen
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Body Creams & Moisturizers
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Shaving Lotions & Creams
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Face Masks
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Skin Care Products Market, By Category
10.1. Skin Care Products Market, by Category Type, 2022-2030
10.1.1. Premium Skincare Products
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Mass Skincare Products
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Skin Care Products Market, By Distribution Channel
11.1. Skin Care Products Market, by Distribution Channel Type, 2022-2030
11.1.1. Supermarkets & Hypermarkets
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Convenience Stores
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Online
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Others
11.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Skin Care Products Market, By Ingredient
12.1. Skin Care Products Market, by Ingredient, 2022-2030
12.1.1. Chemical
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Natural
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Skin Care Products Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Gender (2017-2030)
13.1.2. Market Revenue and Forecast, by Products (2017-2030)
13.1.3. Market Revenue and Forecast, by Category (2017-2030)
13.1.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Gender (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Products (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Category (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.7. Market Revenue and Forecast, by Ingredient (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Gender (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Products (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Category (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Gender (2017-2030)
13.2.2. Market Revenue and Forecast, by Products (2017-2030)
13.2.3. Market Revenue and Forecast, by Category (2017-2030)
13.2.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Gender (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Products (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Category (2017-2030)
13.2.7. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.8. Market Revenue and Forecast, by Ingredient (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Gender (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Products (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Category (2017-2030)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.11. Market Revenue and Forecast, by Ingredient (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Gender (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Products (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Category (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.13. Market Revenue and Forecast, by Ingredient (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Gender (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Products (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Category (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.15. Market Revenue and Forecast, by Ingredient (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Gender (2017-2030)
13.3.2. Market Revenue and Forecast, by Products (2017-2030)
13.3.3. Market Revenue and Forecast, by Category (2017-2030)
13.3.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Gender (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Products (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Category (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.7. Market Revenue and Forecast, by Ingredient (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Gender (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Products (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Category (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.9. Market Revenue and Forecast, by Ingredient (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Gender (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Products (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Category (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Gender (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Products (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Category (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Gender (2017-2030)
13.4.2. Market Revenue and Forecast, by Products (2017-2030)
13.4.3. Market Revenue and Forecast, by Category (2017-2030)
13.4.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Gender (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Products (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Category (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.7. Market Revenue and Forecast, by Ingredient (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Gender (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Products (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Category (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.9. Market Revenue and Forecast, by Ingredient (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Gender (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Products (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Category (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Gender (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Products (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Category (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Gender (2017-2030)
13.5.2. Market Revenue and Forecast, by Products (2017-2030)
13.5.3. Market Revenue and Forecast, by Category (2017-2030)
13.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.5. Market Revenue and Forecast, by Ingredient (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Gender (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Products (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Category (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.7. Market Revenue and Forecast, by Ingredient (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Gender (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Products (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Category (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Ingredient (2017-2030)
Chapter 14. Company Profiles
14.1. Colgate-Palmolive Company
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. L’Oreal S.A.
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Procter & Gamble
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Unilever
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Coty Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Shiseido Co. Ltd
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Avon Products Inc.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Revlon
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Beiersdorf AG
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Johnson & Johnson Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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