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Global Skincare Products Market – An Overview

A number of reasons are helping the global skincare products market chart a sturdy growth curve. Some of the prominent ones include growth in social media and how it has set a new benchmark of what’s normal. This is leading people to shell extra for premium products. Besides, more women are now earning, and this has lead to an increase in spending capacity on personal grooming, helping the global skin care market grow substantially.

Some of the other factors that are leading to growth in the market over the forecast period of 2015 to 2021 are outlined below:

  • Skincare product would be in high demand because due to stress and a poor lifestyle, people are experiencing ageing and dull skin. Besides, pollution is negatively impacting skin, leading to a lot of other issue such as acne. All this together leads to a growth in demand for skin care products.  This will push the market on to a high trajectory.
  • Additionally, social media influencers are also driving the global skincare products. Some of the beauty and wellness influencers have elaborate morning and night skin care routines, which they promote on their handles. The large number of people following them imitates to get similar results, generating demand for a plethora of skincare products. This helps the global skincare products market grow further.
  • Geriatric population is seeing growth in numbers. One in every six persons, across the world, will be aged 65 and above by the 2050; one in every four in North America and Europe. This ageing population will also demand for advanced skin care products to look youthful. This will contribute massively to growth of global skincare products market over the forecast period stated above.

Global Skin Care Products Market: Snapshot

The global skin care products market is anticipated to increase growth due to the strong desire of people to enjoy robust health. Increasing healthcare awareness and focus toward building a confident personality could work in the favor of the global skin care products market. The demand in the global skin care products market is projected to increase because of the need to maintain skin health in today’s environment where pollution levels are extremely high. Rising self-consciousness among people and their changing lifestyle could be other factors augmenting the demand in the global skin care products market.

The global skin care products market could reach a US$155.4 bn as total valuation by 2021 while clocking a 4.9% CAGR during the forecast period 2015-2021.

Face Cream to Gain Traction with Launch of New Products with Innovative Formulations

The global skin care products market is segregated into two segments on the basis of a classification by product: body lotion and face cream. According to recent trends and future projections, face cream is envisaged to take the lead in the global skin care products market in terms of demand. The skin care products market for face cream secured a commanding share in the recent past.

Over the past few years, the face cream segment has been taking advantage of continuous introduction of new lines in the global skin care products market. Innovative formulations of these new products are expected to play a significant role in the growth of the face cream skin care products market. The face cream segment of the global skin care products market is further classified into sun protection, anti-aging, and skin brightening creams.

The body lotion classification of the global skin care products market is forecast to bank on the growing significance of natural ingredients that help to avoid skin dryness, hydrate the skin, and improve skin quality. The use of natural ingredients could draw a number of consumers to the body lotion skin care products market in the near future. Natural ingredients not only improve the skin’s immune system but also carry antioxidant properties. The body lotion segment is further bifurcated into premium and mass market body care lotions.

Asia Pacific to Collect King’s Share with Changing Preferences for Skin Care

On the geographical front, Asia Pacific is predicted to dominate the global skin care products market in the coming years. Improving preferences for skin care products and high levels of pollution in emerging economies such as India could push the growth of the regional skin care products market. Increasing awareness about the benefits of using skin care products and product innovation are envisioned to bode well for the skin care products market in the region. Another factor that could create telling demand in the regional skin care products market is the rising need to avoid black spots, pigmentation, wrinkles, and skin patches.

The Rest of the World could also show decent growth in the global skin care products market due to the increasing number of beauty salons and rising concerns due to the harmful impact of high pollution on the skin.

The global skin care products market includes leading players such as Johnson & Johnson Services Inc., The Estee Lauder Companies Inc., and L’Oréal S.A.

The research study on the global skin care products market provides a detailed analysis of the market, including forecast statistics as well as historical data about the market. The study further talks about the demand and supply approach, products in the market, major segments, manufacturing capacities of major players and regions, recent developments, and competitive landscape of the global market for skin care products. The research report further talks about the market drivers, barriers, opportunities, and challenges faced by the major players in the global market.

According to the research study, the rising awareness regarding healthy lifestyles and the increasing desire of the global population to maintain a youthful appearance are the major factors that are estimated to boost the demand for skin care products across the globe. In addition, the growing concern about the adverse effects of pollution on the human skin is further driving the global skin care products market. Moreover, in recent years, the online retail industry has been gaining traction, giving a strong boost to the skin care products market.

The research report has further provided strategic recommendations by industry experts to assist the major players in the market in finalizing their business strategies effectively. The use of several analytical tools has been made in the research report to determine the growth drivers, opportunities, and trends observed in the global skin care products market.

Overview of the Global Skin Care Market

In 2014, the global skin care products market was worth US$110.7 bn and is anticipated to reach a value of US$155.4 bn by the end of 2021. The market is projected to register a healthy 4.90% CAGR between 2015 and 2021.

The increasing demand from the population for beautification is one of the major factors expected to fuel the growth of the global skin care products market in the near future. In addition, the rising interest in grooming, brightening of skin, and the increasing disposable income among the population in emerging economies are the other factors driving the overall market. The rising numbers of distribution channels such as supermarkets, hypermarkets, departmental stores, beauty product retailers, and online stores are further boosting the sales of skin care products globally.

The global skin care products market has been broadly classified into body lotions and face creams. The body lotion segment is further divided into premium body care lotions and mass market body care lotions, whereas the face cream segment has been divided into sun protection cream, skin brightening cream, and anti-aging cream. Among these, the anti-aging face cream segment accounts for the largest share in the global market, followed by skin brightening face creams. Among body lotions, the mass market body care lotion segment holds the largest share in the overall body lotions market.

The global skin care products market has been divided on the basis of geography into Asia Pacific, North America, Europe, and Rest of the World. Presently, the Asia Pacific market holds the largest share in the global market and is anticipated to remain in the leading position in the next few years. The rapid growth of this region can be attributed to the rising demand in the emerging markets of China and Japan.

Companies mentioned in the research report

The global skin care products market is highly competitive, owing to the presence of several prominent players in the market. The high growth potential of the market has encouraged several players to participate in the market and create a niche for themselves. Some of the major players operating in the global skin care products market are Kao Corporation, The Estee Lauder Companies Inc., Beiersdorf AG, Procter & Gamble, Avon Products Inc., Unilever PLC, Colgate-Palmolive Company, Shiseido Company, Limited, L'Oréal S.A., and Johnson & Johnson.

Key Segments of the Global Skin Care Market

Global Skin Care Market: By Product Segment

  • Face cream
    • Skin brightening cream
    • Anti-aging cream
    • Sun protection cream
  • Body lotion
    • Mass market body care lotion
    • Premium body care lotion

 Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

 This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

 Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 

Chapter 1 Preface

1.1 Research Scope

1.2 Market segmentation

1.2.1 Global skin care products market segmentation, type and geography

1.3 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Skin Care Products Market Snapshot

2.2 Global Skin Care Market Revenue, 2014 - 2021 (USD Billion) and Y-o-Y Growth, 2015 - 2021 (%)

 

Chapter 3 Skin Care Products – Industry Analysis

3.1 Introduction

3.1.1 Classification of skin care products

3.2 Key Trends Analysis

3.3 Market Drivers

3.3.1 North America

3.3.2 Europe

3.3.3 Asia Pacific

3.3.4 Middle East and Africa

3.3.5 Latin America

3.4 Market Attractiveness Analysis, 2014

        3.4.1 Market Attractiveness Analysis for North America Skin Care Products Market (Face cream and Body lotion)

        3.4.2 Market Attractiveness Analysis for Europe Skin Care Products Market (Face cream and Body lotion)

        3.4.3 Market Attractiveness Analysis for Asia Pacific Skin Care Products Market (Face cream and Body lotion)

        3.4.4 Market Attractiveness Analysis for Middle East and Africa Skin Care Products Market (Face cream and Body lotion)

        3.4.5 Market Attractiveness Analysis for Latin America Skin Care Products Market (Face cream and Body lotion)

3.5 Competitive Landscape

3.5.1 Market Positioning of Key Players, 2014

3.5.1.1 Skin Care Products Market, North America, Company Share, 2014 (%)

3.5.1.1 Skin Care Products Market, Europe, Company Share, 2014 (%)

3.5.1.1 Skin Care Products Market, Asia Pacific, Company Share, 2014 (%)

3.5.1.1 Skin Care Products Market, Middle East and Africa, Company Share, 2014 (%)

3.5.1.1 Skin Care Products Market, Latin America, Company Share, 2014 (%)

3.5.2 Competitive Strategies Adopted By Leading Players

 

Chapter 4 Skin Care Products Market- Product Segment Analysis

4.1 Global skin care products market, by product type: Overview

4.1.1 Global skin care products market, revenue share by product type, 2014 and 2021

4.2 Face cream

4.2.1 Skin brightening cream

4.2.2 Anti-aging Cream

4.2.3 Sun protection cream

4.3 Body lotion

4.3.1 Mass market body care lotions

4.3.2 Premium body care lotion


Chapter 5 Skin Care Products Market- Regional Analysis

5.1 Market Overview

5.1.1 Global skin care products market, revenue share by geography, 2014 and 2021

5.2 North America

5.2.1 North America skin care products market size, by type, 2014 - 2021

5.2.2 U.S.

5.2.3 Rest of North America

5.3 Europe

5.3.1 Europe skin care products market size, by type, 2014 - 2021

5.3.2 U.K.

5.3.3 France

5.3.4 Germany

5.3.5 Italy

5.3.6 Rest of Europe

5.4 Asia Pacific

5.4.1 Asia Pacific skin care products market size, by type, 2014 - 2021 (USD billion)

5.4.2 India

5.4.3 China

5.4.4 Japan

5.4.5 Rest of Asia Pacific

5.5 Middle East and Africa

5.5.1 Middle East and Africa skin care products market size, by type, 2014 - 2021

5.5.2 Saudi Arabia

5.5.3 South Africa

5.5.4 Rest of Middle East and Africa

5.6 Latin America

5.6.1 Latin America skin care products market size, by type, 2014 - 2021

5.6.2 Brazil

5.6.3 Argentina

5.6.4 Rest of Latin America

 

Chapter 6 Company Profiles

6.1 L'Oréal S.A.

6.2 Unilever PLC

6.3 Beiersdorf AG

6.4 Colgate-Palmolive Company

6.5 The Estee Lauder Companies Inc.

6.6 Johnson & Johnson

6.7 Avon Products Inc.

6.8 Shiseido Company, Limited

6.9 Kao Corporation

6.10 Procter & Gamble

List of Tables

 

TABLE 1 Global skin care products market snapshot

TABLE 2 Global skin care products market revenue and Y-o-Y growth

TABLE 3 North America skin care products market size and forecast, by type, 2014 - 2021 (USD billion)

TABLE 4 Europe skin care products market size and forecast, by type, 2014 - 2021 (USD billion)

TABLE 5 Asia Pacific skin care products market size and forecast, by type, 2014 - 2021 (USD billion)

TABLE 6 Middle East and Africa skin care products market size and forecast, by type, 2014 - 2021 (USD billion)

TABLE 7 Latin America skin care products market size and forecast, by type, 2014 - 2021 (USD billion)

List of Figures 

 

FIG. 1 Global skin care products market segmentation, by type and geography

FIG. 2 Classification of skin care products

FIG. 3 Aging population (over 65) by country in Europe

FIG. 4 North America Skin Care Products Market Attractiveness by Type, 2014

FIG. 5 Europe Skin Care Products Market Attractiveness by Type, 2014

FIG. 6 Asia Pacific Skin Care Products Market Attractiveness by Type, 2014

FIG. 7 Middle East and Africa Skin Care Products Market Attractiveness by Type, 2014

FIG. 8 Latin America Skin Care Products Market Attractiveness by Type, 2014

FIG. 9 North America Company Share, 2014 (%)

FIG. 10 Europe Company Share, 2014 (%)

FIG. 11 Asia Pacific Company Share, 2014 (%)

FIG. 12 Middle East and Africa Company Share, 2014 (%)

FIG. 13 Latin America Company Share, 2014 (%)

FIG. 14 Global skin care products market, share by product type, 2014 and 2021

FIG. 15 Global face cream market revenue, 2014– 2021 (USD billion)

FIG. 16 Global skin brightening cream market revenue, 2014– 2021 (USD billion)

FIG. 17 Global anti-aging cream market revenue, 2014– 2021 (USD billion)

FIG. 18 Global sun protection cream market revenue, 2014– 2021 (USD billion)

FIG. 19 Global body lotion market revenue, 2014– 2021 (USD billion)

FIG. 20 Global mass market body care lotion market revenue, 2014– 2021 (USD billion)

FIG. 21 Global premium body care lotion market revenue, 2014– 2021 (USD billion)

FIG. 22 Global skin care products market, revenue share by geography, 2014 and 2021

FIG. 23 North America skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 24 U.S. skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 25 Rest of North America skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 26 Europe skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 27 UK skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 28 France skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 29 Germany skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 30 Italy skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 31 Rest of Europe skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 32 Asia Pacific skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 33 India skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 34 China skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 35 Japan skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 36 Rest of Asia Pacific skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 37 Middle East and Africa skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 38 Saudi Arabia skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 39 South Africa skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 40 Rest of Middle East and Africa skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 41 Latin America skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 42 Brazil skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 43 Argentina skin care products market revenue, 2014 – 2021 (USD billion)

FIG. 44 Rest of Latin America skin care products market revenue, 2014 – 2021 (USD billion)

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