Major companies operating in the skin care product market include:
L'Oréal Group
Unilever PLC
The Procter & Gamble Company
Johnson & Johnson
Estée Lauder Companies Inc.
Shiseido Company Limited
Beiersdorf AG
Colgate-Palmolive Company
M·A·C Cosmetics.
Authors:
Avinash Singh, Sunita Singh
Frequently Asked Questions (FAQ) :
Global market for skin care product was worth over USD 148.0 billion in 2022 and is primed to record over 4.5% CAGR between 2023 and 2032, attributed to the rising emphasis on personal grooming & appearance.
The facial care segment accumulated around 40% of the skin care product market share in 2022, owing to the rising consumer awareness about the significance of skincare regimes.
The luxury segment of the skin care product industry held over 35% revenue share in 2022 due to increasing consumer spending on premium products and rising disposable incomes.
North America skin care product market will expand at over 3.5% CAGR between 2023 and 2032, backed by the increasing focus on self-care and wellness.