Global Skin Care Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global skin care products Market Overview:

“The global Skin Care Products Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global skin care products market report has been segmented on the basis of product, distribution channel, and region.

Skin is the outer covering of a body, which is also regarded as the largest organ in the body. Skin performs a number of vital functions such as acting as an insulator against heat & cold, protection against certain microorganisms, and eliminating body wastes in the form of perspiration. Hence, taking proper care of skin is essential to an individual’s overall health. Products used by individuals for treatment of various skin related concerns and for skin beautification can be referred to as skin care products. Skin care products are widely available through a number of distribution channels.

Rising demand for skin care products especially organic skin care products coupled with growing awareness levels about skin-health and skincare among individuals in developed and developing economies are major factors driving growth of the global skin care products market. In addition, changing lifestyle patterns, launch of innovative and advanced skin care products in the market, and rising disposable income are other factors anticipated to fuel growth of the global market over the forecast period.

However, problems associated with use of skin care products in individuals such as rashes, acne, and pimples is a major factor restraining growth of the global skin care products market. Additionally, limited shelf life, government regulations with respect to packaging and labelling of skin care products, and increasing number of counterfeit products are other factors anticipated to hamper growth of the global skin care products market over the forecast period.

Major trends witnessed in the global market include individuals opting for online e-commerce platforms for purchase of skin care products and use of unique and specialty ingredients by manufacturers in skin care products.

Currently, the market in Asia Pacific dominates the global skin care products market in revenue terms owing to growing demand for skin care products, changing lifestyle, and increasing disposable income in counties in the region. The market in Europe accounted for second-highest revenue share in the global skin care products market, due to high adoption of face creams and high disposable income, followed by markets in North America, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to growing penetration of the e-commerce industry and increasing number of individuals opting for online platforms to buy skin care products.

Global skin care products market segmentation:

By Product:

• Face cream
  • Skin brightening cream
  • Anti-aging cream
  • Sun protection cream
  • Others
• Body lotion
  • Mass market body care lotions
  • Premium body care lotions

By Distribution channel:

• Hypermarkets/Supermarkets
• Pharmacies
• General stores
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa