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Skin Care Products Market Share 2024 | Trend Analysis and Size
by rahulkumar38471 · September 26 John Carlson USA Jersey , 2018


Global Skin Care Products Market size is expected to reach USD 177.15 billion by 2024. Skin care products, as the name suggests, prevents early aging, pimples & black patches, and enhances beauty. The growing demand for natural skin care products, coupled with the increasing emphasis on personal health, is the main factor driving the growth of the market in the years to come. Governments鈥?stringent regulations promoting the use of organic materials in the skin care industry are expected to boost the market growth in the next couple of years. The market size is anticipated to grow at a CAGR of 4.7% in the upcoming period.




In the market Joe Pavelski USA Jersey , various skin care products are available such as face cream and body lotion. The 鈥渇ace cream鈥?segment includes skin brightening cream, sun protection cream, anti-aging cream, and others. The 鈥渇ace cream鈥?segment held largest market share in 2015 and is expected to grow at a high CAGR in the upcoming period. The increasing importance of natural ingredients for improving skin quality, avoiding dryness, and hydrating the skin is expected to boost the market growth over the forecast period. The 鈥渂ody lotion鈥?segment includes premium body care lotion, mass body care lotion Jamie Langenbrunner USA Jersey , and others.


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The other factors that play an important role in the growth of skin care products market include increasing urbanization & industrialization, changing lifestyle in developing countries, rising awareness about advantages of advanced skin care products, and high investments in emerging countries. Moreover, the growing demand for sunscreens, body lotions, and organic face creams among consumers is likely to propel the market growth during the forecast period.


However James van Riemsdyk USA Jersey , limited shelf life of skin care products, presence of pseudo-natural ingredients in these products, and high cost of organic & natural ingredients used in these products are negatively impacting the growth of skin care products industry. The probable stakeholders for market include skin care product manufacturers, raw material suppliers, distribution channels, and end-use industries. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics Jack Johnson USA Jersey , acceptance, inflation rate and others. The market is categorized based on product, and geography.


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Asia Pacific held the largest market share in 2015 and is expected to witness the highest growth rate in the forthcoming years due to increasing demand for skin care products from developing countries such as India and China. On the other hand, North America and Europe are expected to hold the highest market share in the next couple of years. Increasing R&D investments coupled with associated technological innovations in processing and cost-effective production of skin products are expected to increase the product demand during the forecast period.


The key players contributing to the robust development of the skin care products market include L’Or茅al S.A., The Estee Lauder Companies Inc., Unilever PLC, Beiseidorf AG Erik Johnson USA Jersey , Avon Products Inc., Colgate Palmolive, Kao Corporation, Estee Lauder, Colgate-Palmolive Company, Johnson & Johnson, Beiersdorf and Avon Product Inc. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such Dustin Byfuglien USA Jersey , mergers, acquisitions, and joint ventures are the need of the hour.


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