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Skincare Products Market Size

Report ID: GMI10959
   |
Published Date: August 2024
 | 
Report Format: PDF

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Skincare Products Market Size

Skincare Products Market size was valued at approximately USD 151.8 billion in 2023 and is anticipated to register a CAGR of 5% between 2024 and 2032. Increased awareness of skincare and self-care is boosting the skincare and beauty products market.

 

Skincare Products Market

As consumers learn more about the importance of healthy skin, they are adopting more detailed skincare routines. This awareness comes from dermatological research, media, and social media trends, all highlighting the benefits of regular skincare. As a result, people are spending more time and money on skincare, increasing the demand for products like cleansers, moisturizers, treatments, and serums.

Further, the self-care movement, which focuses on overall well-being and health, also supports this trend. People see skincare as a key part of self-care, emphasizing the mental and emotional benefits of taking time for oneself. This connection between skincare and self-care is driving demand for products that improve skin health and offer relaxation and indulgence. Therefore, there is a growing need for products with luxurious textures, soothing ingredients, and stress-relief properties.
 

Furthermore, brands are responding to this shift by developing products that cater to these evolving consumer preferences. Companies are focusing on creating high-quality, effective skincare solutions that align with the values of their target audiences, such as natural ingredients, sustainability, and ethical practices. Additionally, marketing strategies are increasingly emphasizing the role of skincare in self-care routines, using messaging that resonates with consumers' desire for holistic well-being.
 

In the skincare and beauty products market, regulatory and compliance challenges are significant issues. Companies must follow complex regulations that differ by region, including strict rules on product safety, ingredient transparency, and marketing claims. As consumer concerns about safety and environmental impact grow, regulatory bodies frequently update standards and introduce new requirements. This means companies must stay alert and adapt, continuously monitoring and adjusting their practices to meet changing regulations. Failing to comply can lead to legal issues, product recalls, and damage to brand reputation. For global companies, managing compliance across different regions is particularly tough, requiring strong strategies to handle various regulatory demands and maintain consistent product standards worldwide.

Authors: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :
Who are the major skincare products industry players?
Beiersdorf, Chanel, Clarins, Coty Inc, Estee lauder, Johnson & Johnson, Kao Corporation, L'Or
Why is the skincare products industry growing rapidly in Asia Pacific?
Why is the demand for facial care products rising?
How much is the skincare products industry worth?

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definitions

1.2    Research design

1.2.1    Research approach

1.2.2    Data collection methods

1.3    Base estimates & calculations

1.3.1    Base year calculation

1.3.2    Key trends for market estimation

1.4    Forecast model

1.5    Primary research and validation

1.5.1    Primary sources

1.5.2    Data mining sources

Chapter 2   Executive Summary

2.1    Industry 360° synopsis

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.1.1    Factor affecting the value chain

3.1.2    Profit margin analysis

3.1.3    Disruptions

3.1.4    Future outlook

3.1.5    Manufacturers

3.1.6    Distributors

3.1.7    Retailers

3.2    Industry impact forces

3.2.1    Growth drivers

3.2.1.1    Increasing consumer demand for natural and organic products

3.2.1.2    Rising awareness of skincare routines and self-care

3.2.1.3    Technological advancements in product development

3.2.2    Industry pitfalls & challenges

3.2.2.1    Regulatory and compliance challenges

3.2.2.2    Intense competition and market saturation

3.3    Growth potential analysis

3.4    Consumer Buying Behaviour Analysis

3.5    Standards and Regulation

3.6    Price Trend Analysis

3.7    Raw Material Analysis

3.8    Porter’s analysis

3.9    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Company market share analysis

4.2    Competitive positioning matrix

4.3    Strategic outlook matrix

Chapter 5   Skincare Products Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion)

5.1    Key trends

5.2    Facial care

5.2.1    Cleansers and toners

5.2.2    Moisturizers and creams

5.2.3    Face masks and serums

5.2.4    Sunscreen and sun care products

5.2.5    Others

5.3    Lip care

5.3.1    Lip balms

5.3.2    Lip scrubs

5.3.3    Lip masks

5.3.4    Others

5.4    Body care

5.4.1    Body lotions & moisturizer

5.4.2    Body washes and shower gels

5.4.3    Body scrubs and exfoliants

5.4.4    Body oils and serums

5.4.5    Body butters and creams

5.4.6    Others

5.5    Haircare

5.5.1    Shampoo

5.5.2    Conditioner

5.5.3    Hair masks

5.5.4    Serum

5.5.5    Others (perfume, colors, etc.)

5.6    Others (Nailcare, fragrances, etc.)

Chapter 6   Skincare Products Market Estimates & Forecast, By Category, 2021-2032 (USD Billion)

6.1    Key trends

6.2    Luxury

6.3    Non-Luxury

Chapter 7   Skincare Products Market Estimates & Forecast, By Ingredients, 2021-2032 (USD Billion)

7.1    Key trends

7.2    Chemical

7.3    Natural

Chapter 8   Skincare Products Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion)

8.1    Key trends

8.2    Online platform

8.2.1    E-commerce website

8.2.2    Company websites

8.3    Offline platform

8.3.1    Retail stores

8.3.2    Supermarket/hypermarkets

8.3.3    Specialty stores

Chapter 9   Skincare Products Market Estimates & Forecast, By Region, 2021-2032 (USD Billion)

9.1    Key trends, by regions

9.2    North America

9.2.1    U.S.

9.2.2    Canada

9.3    Europe

9.3.1    Germany

9.3.2    UK

9.3.3    France

9.3.4    Italy

9.3.5    Spain

9.3.6    Rest of Europe

9.4    Asia Pacific

9.4.1    China

9.4.2    India

9.4.3    Japan

9.4.4    South Korea

9.4.5    Australia

9.4.6    Rest of Asia Pacific

9.5    Latin America

9.5.1    Brazil

9.5.2    Mexico

9.5.3    Argentina

9.5.4    Rest of Latin America

9.6    MEA

9.6.1    Saudi Arabia

9.6.2    UAE

9.6.3    South Africa

9.6.4    Rest of MEA

Chapter 10   Company Profiles

10.1    Amor pacific

10.2    Avon Products

10.3    Beiersdorf

10.4    Chanel

10.5    Clarins

10.6    Coty Inc.

10.7    Estee lauder

10.8    Johnson & Johnson

10.9    Kao Corporation

10.10    L'Oréal

10.11    LVMH

10.12    Mary kay

10.13    P&G

10.14    Shiseido

10.15    Unilever

Authors: Avinash Singh, Sunita Singh
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Premium Report Details

Base Year: 2023

Companies covered: 15

Tables & Figures: 42

Countries covered: 22

Pages: 80

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