According to the latest IMARC group report, entitled “Skin Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026” the global skin care products market reached a value of US $ 131 billion in 2020. Looking ahead, IMARC Group expects the global skin care products market to show moderate growth during 2021-2026. Skin care products refer to a range of products, such as creams, toners, cleansers, serums, oils, masks, sunscreens, anti-aging creams and scrubs, which are used by individuals to improve the general appearance and texture of the skin. They are not only used to fight rashes or add a youthful glow to the skin, but also help protect the skin from the damaging effects of the sun, pollutants and other external factors. Apart from that, these products are used to treat many chronic skin conditions as well as hyperpigmentation and blemishes. Composed of key ingredients such as retinol and hydroxy acids, these products are fortified with various organic ingredients, including essential oils and vitamins C and E, as their use is associated with a reduced risk of developing irritation, severe skin rashes and allergic reactions.
We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Global Skin Care Product Market Trends:
The global market is primarily driven by the growing preference for personal grooming among the masses. A majority of the population practice a skin care regimen that consists of many skin care products including facial cleansers, moisturizers, and serums, thereby increasing their absorption. This is facilitated by rapid urbanization, changing spending patterns and a significant increase in pollution levels. The growing inclination of the male population towards personal well-being also contributes to the sales of these products. In addition, sales of premium and organic skin care product variants are also strengthening across the world, largely aided by rising levels of disposable income and aggressive promotional activities from many manufacturers. Consumers are also increasingly aware of the harmful effects of artificial ingredients and chemicals, which has accelerated the continued launch of chemical-free skin care product variants. Other factors driving the growth of the market include the easy availability of products through online retail platforms and attractive packaging solutions.
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Key market segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- Johnson & Johnson Services, Inc.
- The Estée Lauder companies.
- Unilever PLC / NV
- New Avon Company
- L’OREAL SA
- Kao Group
- Colgate-Palmolive Company
- Shiseido Co., Ltd.
- Beiersdorf AG
- The Procter & Gamble company
- Revlon Consumer Products Corporation
Breakdown by product type:
- Skin lightening cream
- Anti-aging cream
- Sun protection cream
- Mass body care
- High-end body care
Breakdown by ingredient:
Breakage by gender:
Breakdown by distribution channel:
- Supermarkets and hypermarkets
- Beauty salons and beauty salons
- Multi-brand retail stores
- Exclusive retail stores
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market factors and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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