Dublin, April 12, 2023 (GLOBE NEWSWIRE) -- The "Skin Lighteners: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Skin Lighteners Market to Reach $15.7 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Skin Lighteners estimated at US$8.8 Billion in the year 2022, is projected to reach a revised size of US$15.7 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2022-2030. Creams, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$8.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cleansers segment is readjusted to a revised 8.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $341.9 Million, While China is Forecast to Grow at 9.4% CAGR
The Skin Lighteners market in the U.S. is estimated at US$341.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Select Competitors (Total 123 Featured) -
- Alliance Pharmaceuticals Ltd.
- Beiersdorf AG
- CavinKare Pvt. Ltd.
- Clarins SA
- Dabur India Limited
- E.T. Browne Drug Company, Inc.
- Emami Limited
- Hindustan Unilever Ltd
- Jolen, Inc.
- Kanebo Cosmetics, Inc.
- Kao Corporation
- Shiseido Company Limited
- The Procter & Gamble Company
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 309 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $8.8 Billion |
| Forecasted Market Value (USD) by 2030 | $15.7 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Culture & Ethnicity Shape the Skin Lighteners Landscape
- Women of Color Spent Significantly on Lightening Creams
- Manufacturers Seek New Growth Avenues in Developed Markets
- Total Body Whitening Products Emerge as Potential Areas of Growth
- Women: An Important Consumer Cluster for Skin Lightening/Whitening Products
- Growing Participation of Women in Workforce Augurs Well for Skin Lighteners Market
- Women No Longer the Only Target Market
- Rising Interest of Men in Beauty and Cosmetic Products: Skin Lightening Market to Benefit
- New Breed of "Metrosexuals" Spur Growth
- Natural Skin Lightening Ingredients Continue to Find Favor
- Global Skin Lightening Products Market by Nature of Ingredient (in %) for 2020
- Trend towards Organic Skin Care Products Fuel Interest in Organic Skin Lightening Products
- Global Natural Cosmetics Market: Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
- Rise in Demand for Innovative Ingredients for Skin Lightening
- Growing Sales of Anti-Aging Products Augurs Well for Skin Lighteners Market
- Expanding Anti-Aging Products Presents Market Opportunities
- Skin Bleaching Products: Commanding Significant Market in Asia
- Physician-Dispensed Skin Brightening and Lightening Products: Opportunities for Growth
- Combination of Ingredients Provide Better Results
- Skin Lightening Injections: A Shocking Craze
- Online Sales of Skin Lightening Products Register Strong Growth
- Use of Mercury in Skin Lightening Products and the Resultant Issues
- Lax Regulations, Unsafe Ingredients: Major Areas of Concern
- Expanding Urban and Middle Class Population to Drive Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/4qpivi
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