Global Skin Lightening Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Skin Lightening Products Market: Overview

"The Skin Lightening 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."

Skin lightening product includes natural and synthetic products that lighten the skin tone and provide an even skin complexion by reducing the melanin content in the skin. Skin lightening products are available in the market in various forms such as scrubs, cleansers, toners, face masks, etc., that helps to treat skin problems such as acne scars, age spots, freckles, and others.

Skin Lightening Products Market: Dynamics

Increasing demand for skin care products especially based on natural and organic ingredients, coupled with rising awareness level about skin-health and skincare among individuals in developed and developing economies, are some of the major factors expected to drive growth of the global market over the forecast period.

Growing demand for skin care products such as skin lightening products from working women and increasing disposable income are other factors anticipated to fuel growth of the target market.

In addition, changing lifestyle patterns, increasing R&D activities to launch innovative, and advanced skin care products in the market is also expected to bolster global market growth over the forecast period.

Furthermore, the increasing popularity of skin whitening products among both genders across the globe is expected to create a lucrative opportunity for global market growth.

Skin Lightening Products Market: Segment Analysis

Global market is segmented on the basis of product type, nature, end-user, distribution channel, and geography.

On the basis of product type, the global market is segmented into lotion and cream, foam, gel, serum and toner, and Scrub. Lotion and cream segment is expected to register a significant growth rate in the target market during the forecast period, rising importance of natural ingredients that help to avoid skin dryness and to improve skin quality.

The global market is segmented by nature into natural/herbal, synthetic, and organic. Synthetic segment accounts for major market share in terms of revenue and is expected to maintain its dominance over the forecast period. However, the natural/herbal segment is expected to grow at a higher rate in the upcoming period.

Based on end user, the target market includes men and women. Increasing beauty consciousness amongst the women positively impacts the target market.

On the basis of distribution channel, the target market is segregated into specialty outlet, supermarket/hypermarket, convenience store, beauty salon, and e-retailer. Beauty stores and specialty outlet are the most preferred distribution channels for cosmetic and skincare products such as skin whitening/lightening products and anti-aging products, etc.

Skin Lightening Products Market: Regional Analysis

The market in the Asia Pacific accounted major revenue share in the global market and is expected to maintain its dominance over the forecast period. Skin whitening products are largely popular in Asian countries including China, India, Japan, Korea, and Indonesia.

Changing personal care trends in the region is expected to be a major factor driving market growth. Increasing grooming awareness among individuals coupled with increase in the number of multi-brand specialty stores in the region are expected to boost demand for personal care products such as cream, gels, and lotions, in the region.

North America's market accounted for the second highest market share in the global skin lightening market followed by Europe. Preference for eco-friendly skin lightening products that contains bioactive extracts to supply adequate nutrients to the skin, is expected to play an important role for growth of the market. On the other hand, market in Middle East & Africa and Latin America are expected to witness for moderate growth in terms of revenue over the forecast period.

Global Skin Lightening Products Market Segmentation:

Segmentation by Product Type:

• Lotion and Cream
• Foam
• Gel
• Serum and Toner
• Scrub

Segmentation by Nature:

• Natural/Herbal
• Synthetic
• Organic

Segmentation by End-user:

• Men
• Women

Segmentation by Distribution Channel:

• Specialty Outlet
• Supermarket/Hypermarket
• Convenience Store
• Beauty Salon
• E-Retailer

 Segmentation by Region:

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