According to the latest report by IMARC Group, titled “Skin Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, The global skin care products market growth rate was worth US$ 128.9 Billion in 2018. Looking forward, IMARC Group expects the market to reach a value of US$ 165.9 Billion by 2024, registering a CAGR of around 4% during 2019-2024.
Skin care products refer to cosmetics that help in moisturizing, hydrating and replenishing the skin. These products also support skin integrities, relieve skin conditions and counter the signs of aging, such as wrinkles, fines lines and spots. In recent years, with the rising consciousness among consumers about their appearances, manufacturers are introducing specialized products that are safe and suitable for specific skin types.
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Nowadays, consumers are becoming increasingly conscious about their physical appearance and also regarding the damage caused to the skin due to excessive exposure to sun, ultraviolet (UV) rays and pollution. Owing to this, people are adopting a regular skin care regime as an integral part of their personal well-being, thus ensuring an overall enhancement and maintenance of healthy skin. These concerns have encouraged various brands to manufacture anti-pollution skin care products containing an appropriate blend of chemical and herbal elements. The rising demand for products with organic ingredients such as rosehip oil, increasing consumer expenditure capacity, and aggressive promotional activities by brands are some of the other factors driving the market growth further.
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Key Market Segmentation:
Breakup by Product Type:
1. Face Cream
2. Body Lotion
Breakup by Ingredient:
Breakup by Gender:
Breakup by Distribution Channel:
1. Supermarkets and Hypermarkets
2. Beauty Parlours and Salons
3. Multi Branded Retail Stores
5. Exclusive Retail Stores
Breakup by Region:
2. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
The report has also analysed the competitive landscape of the market with some of the key players in Skin Care Products Market Johnson & Johnson, The Estee Lauder Companies Inc., Unilever PLC, Avon Products Inc., L’Oréal S.A., Kao Corporation, Colgate-Palmolive Company, Shiseido Company, Beiersdorf AG, Procter & Gamble, and Revlon, Inc.
Key highlights of the report:
1. Market Performance
2. Market Outlook
3. Porter’s Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Competitive Structure
8. Profiles of Key Players
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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