According to the latest report from the IMARC group, entitled “skin care products market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global skin care products market has reached a value of US$145.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$192.7 billion by 2027, exhibiting at a CAGR of 5.03% during the period 2022-2027. Skin care products represent a range of items, such as toners, serums, cleansers, oils, masks, sunscreens, scrubs, anti-aging creams, etc., which are used by individuals to enhance and enhance their overall appearance. These products are made up of various key ingredients, such as retinol, hydroxy acids, polyhydroxy acids, etc., which help in the regular replenishment of dying skin cells and fight the signs of aging including wrinkles, fine lines, age spots. old age, etc. , while maintaining overall skin health.
We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Global Skin Care Products Market Trends:
The growing awareness among the millennial population of the importance of personal grooming is primarily driving the skin care products market. Moreover, the widespread adoption of skin care regimens to protect the skin from any damage caused by ultraviolet (UV) rays, dust, humidity, etc., is further catalyzing the growth of the market. In addition to this, major manufacturers are launching organic and herbal variants which are considered to be more effective and without side effects as opposed to chemical based products, which in turn act as another growth promoter important. Additionally, the implementation of stringent regulations by government bodies aimed at reducing unethical activities and animal cruelty in the manufacturing of skin care products is also increasing the global market. Apart from this, the introduction of devices that use Artificial Intelligence (AI) and Internet of Things (IoT) technologies to deliver personalized skin nutrition solutions to individuals is expected to fuel the market for skin care products in the years to come.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
- Johnson & Johnson Services, Inc.
- The Estée Lauder Companies.
- Unilever PLC/NV
- New Avon Company
- L’ORÉAL SA
- Kao group
- Colgate Palmolive Company
- Shiseido Co., Ltd.
- Beiersdorf AG
- The Procter & Gamble Company
- Revlon Consumer Products Corporation
Breakdown by product type:
- skin lightening cream
- Anti-Aging Cream
- Solar cream
- Mass body care
- Premium body care
Breakdown by ingredient:
Breakdown by gender:
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Beauty salons and salons
- Multi-brand retail stores
- In line
- Exclusive retail stores
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Impact of COVID-19 on the market
- Porter’s Five Forces Analysis
- Historical, current and future market trends
- Market drivers and success factors
- SWOT analysis
- Market structure
- Value chain analysis
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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