Market value of skincare products forecasted to reach $199.42 billion by 2030.

Rajul123

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With a projected CAGR of 5.2% from 2023, the skincare products market is set to achieve a valuation of $199.42 billion by 2030. Learn more about the trends behind this growth.

Meticulous Research® Forecasts Skin Care Products Market by 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

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In its latest report, Meticulous Research® projects the skin care products market to grow to $199.42 billion by 2030, at a CAGR of 5.2% from 2024 to 2030. Increased demand for anti-aging products, heightened consumer awareness of grooming, and growing adoption of organic skincare products are the key factors driving this growth.

Key Players

Prominent market players 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 (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 report segments the market by type (facial, lip, body), product categories (creams, lotions, moisturizers), and packaging type (tubes, bottles, jars). Distribution channels include supermarkets, retail stores, and online platforms.

By 2024, facial care products will lead the market, with creams being the most sought-after product due to their skin-repairing properties. The chemical composition segment will hold the largest market share, while the trend for natural products continues to gain momentum.

Supermarkets will remain the dominant distribution channel, offering a wide variety of choices. Mass-market products will capture the largest share in the pricing category, with female consumers driving the demand for organic products.

Geographic Overview

North America will hold the largest market share in 2024, followed by Europe and Asia-Pacific, driven by higher disposable incomes and increased interest in skincare products.

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?