By 2030, the Skin Care Products Market Will Likely Be Worth $199.42 Billion

Rajul123

posted on 4 weeks ago — updated on 1 second ago

25
views

With a CAGR of 5.2% from 2023, the skincare products market is set to achieve a value of $199.42 billion by 2030. Discover the key factors shaping growth in this dynamic industry.

Meticulous Research®—a distinguished name in market research—has introduced a detailed report titled, “Skin Care Products Marketby Type (Facial, Lip, Body), Product (Cream, Lotion, Powder, Moisturizer, Toner), User Group (Male, Female, Unisex), Price Category (Mass, Premium), Distribution Channel (Supermarket, Retail, Online) – Global Forecast to 2030.”

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5617

According to the new report by Meticulous Research®, the skin care products market is forecasted to reach $199.42 billion by 2030, with a CAGR of 5.2% from 2024 to 2030. This expansion is attributed to the increasing interest in anti-aging products, the growing preference for organic skin care, the rising significance of personal grooming, enhanced consumer knowledge in beauty and personal care, and higher expenditure on personal care.

Key Players

The major players in the skin care products market include L'Oréal S.A. (France), Johnson & Johnson, Inc. (U.S.), Unilever PLC (U.K.), Revlon, Inc. (U.S.), Avon Products, Inc. (U.S.), Colgate-Palmolive Company (U.S.), Shiseido Co., Ltd. (Japan), The Procter & Gamble Company (P&G) (U.S.), Oriflame Holding Limited (Switzerland), Estee Lauder Companies, Inc. (U.S.), Beiersdorf AG (Germany), Coty Inc. (U.S.), Kao Corporation (Japan), Amorepacific Corporation (South Korea), and Caudalie (France).

The market is segmented by type (facial, lip, body care), product (creams, lotions, powders, moisturizers, cleansers, toners, exfoliators, and more), composition (chemical vs. natural), packaging (tube, jar, bottle, and more), distribution channel (supermarkets, specialty stores, online platforms, pharmacies, and others), price category (mass and premium), and geographical regions. The report also evaluates competitors and examines regional market dynamics.

Market Segment Analysis

In 2024, facial care is projected to dominate the market. This segment includes essential routines such as cleansing and moisturizing, which are crucial for maintaining the delicate skin of the face and achieving a radiant appearance.

Creams are expected to lead the product category in 2024. They play a key role in skin hydration, elasticity maintenance, and repair, and many formulations include natural ingredients that appeal to health-conscious consumers.

Chemical-based products are forecasted to capture the largest share of the market in 2024. Their broad availability, cost-effectiveness, and long shelf life contribute to their dominance, though the trend toward natural products may impact this segment's future.

Tube packaging is likely to be the most popular in 2024 due to its user-friendly design, cost-effectiveness, and environmental benefits. Tubes provide convenience and protection from contamination, and they are often recyclable.

Among distribution channels, supermarkets are expected to be the leading choice in 2024. They offer a diverse range of skin care products and allow consumers to physically inspect products before purchase, complemented by attractive deals.

Mass skin care products are projected to hold the largest market share in 2024 due to their affordability and wide availability. These products are produced in large quantities and are designed to meet general skin care needs.

The female segment is anticipated to be the largest in 2024. Women’s increasing interest in natural and organic skin care, combined with higher disposable incomes, drives their significant contribution to the market.

Geographic Overview

The report provides insights into key regions including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, Sweden, Switzerland, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. North America is expected to lead the market in 2024 due to its high adoption rates of advanced skin care products and strong economic conditions, followed by Europe and Asia-Pacific.

To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/skin-care-products-market-5617

Key questions answered in the report-

Which are the high-growth market segments in terms of product, type, composition, packaging type, distribution channel, price category, user group, and geography?
What was the historical market for skin care products across the globe?
What are the market forecasts and estimates for the period 2024–2030?
What are the major drivers, restraints, opportunities, and challenges in the skin care products market?
Who are the major players in the skin care products market?
What is the competitive landscape like, and who are the market leaders in the skin care products market?
What are the recent developments in the global skin care products market?
What are the different strategies adopted by the major players in the global skin care products market?
What are the geographical trends and high-growth regions/countries?