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Skincare Products Market Trends

Report ID: GMI10959
Published Date: Aug 2024
Report Format: PDF

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Skincare Products Market Trends

A notable trend is the increasing dominance of digital and e-commerce channels, reshaping consumer shopping habits for beauty products. With the rise of online platforms and social media, brands can now engage directly with consumers, providing both convenience and tailored shopping experiences. Influencers and beauty vloggers on social media significantly influence consumer preferences and facilitate product discovery, resulting in a notable uptick in online sales and digital marketing efforts. In response, brands are channeling investments into digital innovations like virtual try-ons and AI-based recommendations, aiming to elevate the online shopping journey and maintain a competitive edge in the digital realm.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The skincare products market was valued at approximately USD 151.8 billion in 2023 and is anticipated to register a 5% CAGR between 2024 and 2032, driven by increased awareness of skincare and self-care.

The facial care segment accounted for a revenue of around 53.7 billion in 2023 and will grow rapidly through 2032, driven by a demand for clean, natural, and multifunctional products.

Asia-Pacific skincare products market held a notable revenue share in 2023 and will grow rapidly through 2032, driven by rising disposable incomes, increasing urbanization, and a heightened awareness of personal grooming & wellness.

Beiersdorf, Chanel, Clarins, Coty Inc, Estee lauder, Johnson & Johnson, Kao Corporation, L'Or