Skin Care Products Global Market Report 2023: Beauty & Skin Care Industry Undergoes Makeover Riding on Latest Wave of Technology Trends

Dublin, April 14, 2023 (GLOBE NEWSWIRE) -- The "Skin Care Products: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Skin Care Products Market to Reach $199.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Skin Care Products estimated at US$129.1 Billion in the year 2022, is projected to reach a revised size of US$199.8 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Face Creams & Cleansers, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$126.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Body Lotions segment is readjusted to a revised 5.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $30 Billion, While China is Forecast to Grow at 7.4% CAGR

The Skin Care Products market in the U.S. is estimated at US$30 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$27.5 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$34.3 Billion by the year 2030.

Select Competitors (Total 457 Featured) -

• Amorepacific Corporation
• Amway Corporation
• Avon Products, Inc.
• Beiersdorf AG
• Colgate-Palmolive Company
• Coty Inc.
• Johnson & Johnson Services Inc.
• Kao Corporation
• Kracie Holdings Ltd
• L'Oreal S.A.
• Natura & co.
• Nu Skin Enterprises, Inc.
• Procter & Gamble Company
• Revlon, Inc.
• Shiseido Co., Ltd.
• The Estee Lauder Companies Inc.
• Unilever PLC

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:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession
• Living with COVID-19: The New Normal
• Beauty and Personal Care Industry Comes Under Tremendous Stress Due to Pandemic
• Global Beauty Industry Posts a Cautious Recovery from the Pandemic Impact
• Increasing Desire to Maintain Healthy Lifestyle Fuel Demand for Health and Skincare Solutions
• Skin Care Products Witness Pockets of Growth
• An Introduction to Skin Care Products
• Ingredients Used In Skin Care Products
• Global Market Prospects & Outlook
• Developing Regions Spearhead Market Growth
• Competition
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Notable Skin Care Trends to Shape the Future Market Growth Dynamics
• Innovative Digital Technologies to Influence Skin Care Market
• Beauty & Skin Care Industry Undergoes Makeover Riding on Latest Wave of Technology Trends
• Novel Skincare Brands Make Way into the Market
• Growing Consumer Desire to Retain Youthful Appearance Drives Sales of Anti-Aging Skin Care Products
• Expanding Elderly Population Worldwide Presents Opportunities for Anti-Aging Products Market
• Anti-Aging Skin Care Products: Breeding the Hope of Timeless Beauty
• Rising Sales of Anti-Wrinkle Products
• Consumer Interest in Natural Ingredients Spurs Strong Demand for Natural and Organic Anti-Aging Products
• What's Trending in Anti-aging Products Market
• Anti-Aging Facial Oils: Greener Future Driven by Consumers demanding Eco-friendly Products
• Facial Oils for Cleansing: Ease of use, Skin Friendliness, Hydration and Cleansing Superiority Drive Application
• Physiological Differences Entail Need for Male Specific Anti-Aging Products
• Medicated Skin Care Domain to Have Real Moment with Innovation Focus
• Select Recently Launched Innovative Medicated Skin Care Brands
• Trending Ingredients for Skin Care Products
• Rise in Young Population and Skin Conditions Such as Acne Drive Demand for Medicated skin Care Products
• Popularity of Cosmeceuticals Bodes Well for Market Growth
• Global Cosmeceutical Market Size (in US$ Billion) for 2019, 2022 and 2025
• Cosmeceuticals with Biologically Active Ingredients to Improve Skin Functioning Begin to Find Favor
• Skin Lightening Products Continue to Gain Momentum
• Creams Lead the Global Skin Lightening Market
• Synthetic Products Lead, Natural Products Poised for High Growth
• Culture & Ethnicity Shape the Skin Lighteners Landscape
• Women of Color Spent Significantly on Lightening Creams
• Natural Skin Lightening Ingredients Continue to Find Favor
• Global Skin Lightening Products Market by Nature of Ingredient (in %) for 2022E
• Physician-Dispensed Skin Brightening and Lightening Products: Opportunities for Growth
• Demand Continues to Surge for Effective Sunscreens
• Global Sun Care Market by Product Segment (in %) for 2022E
• Consumer Awareness: Key to Demand for Sun Care Products
• Demand for Stronger Sunscreens Ups the Demand for Ingredients
• Sustainability Emerges as a Buzzword in Sun Care Products Market
• Natural & Organic Sun Screens Sales on the Rise
• Women Continue to Hold Sway in the Global Skin Care Products Marketplace
• Growing Participation of Women in Workforce and Resultant Focus on Maintaining Physical Appearance Augurs Well for Skin Care Products Market: Women as % of Labor Force by Region (2020)
• As Men Focus on Personal Grooming & Hygiene, Demand Surges for Male Skin Care Products
• Global Male Grooming Products Market Size in US$ Billion for the Years 2019, 2021, 2023 and 2025
• New Breed of "Metrosexuals" Spur Growth
• Demand for Sustainable Skincare Products Gain Momentum
• Key Challenges Confronting Development of Sustainable Beauty Brands
• Skin Care Products with Natural & Organic Ingredients Find Growing Acceptance among Eco-Conscious Consumers
• Global Natural Cosmetics Market: Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
• Green Movement Trend Impacts Dynamics in the Skin Care Market
• Rising Popularity of Personalized Skin Care Products
• Flourishing E-Commerce Sector Provides Growth Opportunities for Skin Care Products
• Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
• Use of Chemicals Presents Challenges for Skin Care Products Market
• Expanding Urban and Middle Class Population to Drive Market Growth
• World Urban Population in Thousands: 1950-2050P
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

• Amorepacific Corporation
• Amway Corporation
• Avon Products, Inc.
• Beiersdorf AG
• Colgate-Palmolive Company
• Coty Inc.
• Johnson & Johnson Services Inc.
• Kao Corporation
• Kracie Holdings Ltd
• L'Oreal S.A.
• Natura & co.
• Nu Skin Enterprises, Inc.
• Procter & Gamble Company
• Revlon, Inc.
• Shiseido Co., Ltd.
• The Estee Lauder Companies Inc.
• Unilever PLC

For more information about this report visit https://www.researchandmarkets.com/r/ebwjdm

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Attachment

• Global Market for Skin Care Products