The skin care products sector is on pace to hit $199.42 billion by 2030.

Rajul123

posted on 3 months ago — updated on 1 second ago

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Expected to grow at 5.2% annually from 2023, the skincare products market will reach $199.42 billion by 2030. Uncover the industry trends leading this growth.

Meticulous Research® has released a detailed report titled ‘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.’ The report projects that the skin care products market will reach $199.42 billion by 2030, expanding at a CAGR of 5.2% from 2024 to 2030.

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This anticipated growth is driven by a surge in demand for anti-aging treatments, an increased preference for organic and natural products, and a rise in consumer awareness regarding personal grooming and skin health.

Key Market Participants

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 (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).

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Market Segmentation

Type: Facial care products are projected to hold the largest market share, driven by the necessity for facial skin maintenance and anti-aging solutions.
Product: Creams are expected to dominate, as they are essential for maintaining skin hydration and elasticity, and often incorporate beneficial ingredients for skin health.
Composition: The market for chemical-based skin care products is currently leading, but natural compositions are gaining popularity due to their perceived health benefits and eco-friendliness.
Packaging Type: Tubes are forecasted to have the largest market share due to their user-friendly design and environmental benefits.
Distribution Channel: Supermarkets are set to maintain the largest market share, although online shopping is growing rapidly due to its convenience and broader product range.
Price Category: Mass-market skin care products are expected to dominate due to their affordability and widespread availability. The premium segment is also expanding as consumers increasingly seek high-end products.
User Group: Women continue to represent the largest segment of the market, driven by higher engagement with skincare routines and a wider selection of products tailored to their needs.

Regional Analysis

North America: Expected to hold the largest market share, with high consumer spending on advanced and premium skin care products.
Europe: Significant growth is observed, particularly in premium and natural skin care products.
Asia-Pacific: The region is experiencing rapid expansion due to increasing disposable incomes and growing interest in skin care products.
Latin America and Middle East & Africa: These regions are expected to grow steadily as consumer awareness and access to skin care products increase.

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?