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Skin Lightening Product Market Share

Report ID: GMI8200
Published Date: Feb 2024
Report Format: PDF

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Skin Lightening Product Market Share

Skin Lightening Product Market Company Share Analysis, 2023

In 2023, dominant market players including L’Oréal S.A, Shiseido Co., Ltd., Procter & Gamble, Unilever PLC, and Beiersdorf AG collectively held a substantial 25-30% market share. The market is highly fragmented with industry leaders actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Skin Lightening Product Market Companies

Major players operating in the skin lightening product industry include:

L’Oréal S.A.
Shiseido Co., Ltd.
Procter & Gamble
Unilever PLC
Beiersdorf AG
VLCC Health Care Limited
Avon Products, Inc.
Himalaya Global Holdings Ltd.
Kanebo Cosmetics Inc.
Lotus Herbals Pvt. Ltd.
Estée Lauder Companies Inc
Clarins Group
Kaya Limited
Eveline Cosmetics
Bio Veda Action Research Private Limited
Civant LLC
Rozgé Cosmeceutical
RichFeel Hair & Beauty Pvt. Ltd.
Sabinsa Corporation
Sanora Beauty Products

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Skin lightening product industry size was USD 15 billion in 2023 and is anticipated to witness over 8.7% CAGR from 2024 to 2032, due to the growing need for non-invasive cosmetic procedures, such as laser treatments & chemical peels

Skin lightening product market from the cream & lotion product type segment reached USD 7 billion in 2023 owing to their convenience of use at home without professional assistance

The nature synthetic segment held 54% of the skin lightening product market share in 2023, due to the rising need to provide consistent results and offer greater stability compared to their natural counterparts

Asia Pacific skin lightening product market size was USD 8.3 billion in 2023, on account of the rising middle-class population and surging disposable incomes in China, India & other Southeast Asian countries