Skin care products are the products that help to enhance the skin appearance and reduce skin problems. Skin care products consist of various natural and synthetic products such as body lotions and face creams. Various skin care products include moisture, prevention of excessive exposure of sun and pollution and nutrition. Skin care products enhance the skin health by including various properties such as exfoliation, laser resurfacing, fillers, microdermabrasion, peels and retinol therapy. The report provides analysis of global skin care products market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global skin care products market is expected to grow at significant CAGR around 4.5% throughout the forecast period and reach around US$ 184 billion by 2026.
Increasing awareness towards skin care, escalating demand for herbal, natural and organic skin care products, changing lifestyle, growing demand for anti-aging products and ease of availability of various skin care products are some of the key factors that are fueling the skin care products market growth across the globe. The awareness towards skin care is rapidly increasing with the changing lifestyle. This factor is increasing the demand for various skin care products such as sun protection cream, anti-aging cream, and creams with anti-wrinkle properties in skin care and makeup products. Increasing concerns about various skin problems and ease of availability of various skin care products in the market are some of the fundamental factors responsible for the rapid growth of skin care products market globally. Intensifying awareness towards natural components that provide UV protection is also anticipated to boost the market growth over the forecast period. Face creams help to reduce acne scars, age spots, freckles and discoloration, thereby boosting the growth of the segment. Introduction of new product, development of various innovative creams and solutions and establishment of strategic partnerships are expected to spur the market growth during the forecast period. Body lotions do not include chemical substances, such as sulphur, ammonia and parabens, and this factor is anticipated to escalate their demand in coming years. Growing awareness towards various advantages of using personal care products has increased their demand over the last few years. This has also increased the adoption of organic and natural skin care products, further boosting the growth of the global skin care products market. Change in the lifestyle patterns in developed as well as developing economies due to rapid urbanization, increase in awareness about advanced skin care products and high investments in emerging countries are some of the factors influencing the growth of skin care products market across the globe. In addition, the demand for facial wipes, moisturizing lotions and creams is increasing and this factor is also forecasted to propel the global market growth.
Skin Care Products Market, By Product:
Global Skin Care Products Market, by Geography
The market research study on “Skin Care Products Market (By Product: Face Cream [Skin Brightening Cream, Anti-aging Cream, Sun Protection Cream] Body Lotion [Mass Market Body Care Lotion, Premium Body Care Lotion] Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers detailed insights on global skin care products market segments with market dynamics and their impact. The report provides insights on global Skin care products market by product and major geographic regions. The report also covers basic technology development policies.
The global skin care products market is characterized by the presence of experienced and established players. Some of the key players include L'Oréal S.A.; Beiersdorf AG; The Estée Lauder Companies, Inc.; Unilever; Johnson and Johnson; Colgate-Palmolive Company; Shiseido Company, Ltd.; Revlon, Inc.; Avon Products, Inc. and Procter & Gamble Company.