Skin Care Products Market By Product Type (Face Cream (Skin Brightening Cream, Anti-Ageing Cream, and Sun Protection Cream), Body lotion (Mass body Care Lotion and Premium Body Care Lotion), and By Region - Trends, Analysis and Forecast till 2030

Skin Care Products Market accounted for USD 141.09 Billion in 2020 and is estimated to be USD 217.71 Billion by 2030 and is anticipated to register a CAGR of 4.5%.

Skin care products are generally up keeping the skin’s integrity, improve its look in addition to preserving skin conditions. It delivers the nutrition essential for the skin, though products such as sunscreens shield the skin from damaging UV-radiations, therefore aiding in the inhibition of skin cancer. The increasing personal care industry globally is fueling the growth of the skin care products market.

As per the International Trade Administration (ITA), per capita expenditure on cosmetic products was estimated at USD 174 in Japan, USD 139 in the U.S., and about USD 171 in South Korea in 2014. Hence, the high per capita expenditure on cosmetic products is expected to lift the growth of the global market. Additionally, novel product introductions and numerous innovation in skin care products include organic personal care products, are some of the factors, driving the growth of the global market for skin care products. For instance, in 2017, Revlon Inc. introduced a series of Almay Kinetin Skincare Advanced Anti-Aging products.

Rising preference for probiotic skin care

Factors fueling the global market growth comprise a rising preference for probiotic skin care products, which contained probiotic bacteria, for example, Lactobacillus and Bifidobacterium. These bacteria are helpful to the skin. For instance, Aurelia Probiotic Skincare Miracle Cleanser, introduced by Aurelia, integrated these bacteria in its products. Besides, the demand for retinoid-based products and hyaluronic acid is on the rise due to its potent anti-aging properties of these products. These aids in treating concerns such as scars, acne, wrinkles, and sun damage.

The increasing interest of buyers towards the personal grooming, coupled with their rising disposable incomes, is propelling the global market for skin care products worldwide. Further, the increasing demand for skin lightening products, the augmented acceptance of anti-aging products by the elderly population, aggressive marketing is also some of the key factors shifting consumers towards natural and organic products, and the escalating range of men’s skin care products are also boosting the target market considerably. However, the limited shelf life of the skin care product posed as a great challenge to the market growth.

This report segments the skin care products market on the basis of product type and region.

On basis of product type segment includes face cream and body lotion. The face cream is further segmented into skin brightening cream, anti-ageing cream, and sun protection cream. The body lotion also further divided into mass body care lotion and premium body care lotion.

Regional Insights:

The skin care products market accounted for US$ 141.09 billion in 2020 and is estimated to be US$ 217.71 billion by 2030 and is anticipated to register a CAGR of 4.5%. For detailed understanding of market dynamics, the Skin Care Products market is analyzed across key geographical regions viz. North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Skin Care Products Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the skin care products market report based on product type, and region.

Skin care products Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

Key players operating in the global skin care product market includes Johnson & Johnson, Unilever PLC, Avon Products Inc.,Beiersdorf AG, The Estee Lauder Companies Inc., L\'Oréal S.A., Colgate-Palmolive Company, Kao Corporation, Shiseido Company, and Procter & Gamble.

• Johnson & Johnson
• Unilever PLC
• Avon Products Inc.
• Beiersdorf AG
• The Estee Lauder Companies Inc.
• L\'Oréal S.A.
• Colgate-Palmolive Company
• Kao Corporation
• Shiseido Company
• Procter & Gamble