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Skin Care Product Market Trends

Report ID: GMI6262
Published Date: Jul 2023
Report Format: PDF

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Skin Care Product Market Trends

Personalized skincare solutions are gaining traction. Companies are leveraging technologies, such as AI & Machine Learning (ML), to analyze individual skin needs and offer customized product recommendations. Personalized formulations & regimens cater to the specific skin concerns & preferences of consumers. Additionally, technological advancements have also led to the proliferation of smart skincare devices. These devices, such as facial cleansing devices, LED masks & microcurrent devices, offer enhanced skincare routines and professional-grade treatments at home.

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.