Cosmetic Skin Care Market
Cosmetic Skin Care Market (Product - Antioxidants, Exfoliants, Masks, Eyecare, Moisturizers, Serums; Application - Topical, Surgical; Gender - Men, Women; Distribution Channel - Online, Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Press Release :
Cosmetic Skin Care Market - Snapshot
Cosmetic skin care is a segment of the overall cosmetics industry, which includes color cosmetics and skin care cosmetics. The type of products included under cosmetic skin care are antioxidants, exfoliants, masks, eyecare, moisturizers, and serums. Each product has unique application for different parts of the body; for instance, exfoliants are used to scrub off dead skin cells from the hands, face, feet, and other parts such as the elbows and knees. Eyecare products are employed to reduce dark circles and wrinkles around the eyes. Masks are utilized for various purposes, ranging from face brightening to tan reduction. Cosmetic skin care products are used by women as well as men. Apart from the traditional market of women, men are increasingly using cosmetic skin care products due to the rising grooming needs being felt by men and as a result of regional influences.
The global cosmetic skin care market is expected to reach around US$ 130.4 Bn by 2027. Asia Pacific accounted for the highest share of the global cosmetic skin care market, and was valued at US$ 32.1Bn in 2017. The market dynamics of the global cosmetic skin care market are subject to factors primarily related to the preference for organic cosmetic skin care products, which have emerged as a key driver of the global cosmetic skin care market, due to the side-effects of chemical-based products. Key markets across the world are witnessing a rise in disposable income. Increased disposable income is linked to a rise in consumption activity, owing to an increased capacity to spend. This factor drives the global cosmetic skincare market. Asia Pacific and North America dominate the cosmetic skin care market, due to high demand and usage of products as well as the high disposable income of the people in these regions.
Stringent regulations enacted by governments across the globe regarding the ingredients used in cosmetic skin care products is a key factor restraining the cosmetic skin care market. Government regulations ban the use of certain chemicals in cosmetic skin care products. These regulations have been enacted to ensure the safety of the ingredients used and to protect consumers from the side-effects of chemical-based products. The regulations require a product to be certified organic in order to be sold in the market as an organic cosmetic skin care product. However well-intentioned the regulations may be, they impose a compliance cost on the cosmetic skin care manufacturer, due to a rise in the investment needed to develop and implement testing mechanisms to ensure the safe level of chemicals in the final product. This acts as a restraint for manufacturers and subsequently hampers their business decisions and activities.
An opportunity exists in the segment of personalized cosmetic skin care products, wherein manufacturers take into account specific details of individuals such as weather, skin type, pollution levels where they live, and myriad other details to ensure that the product is compatible with and effective on the user’s skin. User experience is also considered while undertaking personalization. Cannabidiol (CBD) is one of the 80 compounds called cannabinoids extracted from the cannabis sativa plant. CBD is known to treat dry skin, psoriasis, and eczema and is being utilized in several beauty products. Products containing this ingredient range from lipsticks, gels, balms, to fragrances, moisturizers, and shampoos. CBD also offers anti-inflammatory and moisturizing properties, which is increasing its popularity as an ingredient in cosmetic skin care products. Increasing popularity of this ingredient offers an opportunity to manufacturers operating in the market who could incorporate this ingredient in their products.
Key players profiled in the global cosmetic skin care market include BeiersdorfAG.srl, Coty Inc, Estée Lauder Inc, Galderma Laboratories L.P, Johnson & Johnson Consumer Inc, L’ORÉAL PARIS, Procter & Gamble, Revlon, Shiseido Company, and Unilever.
The cosmetic skin care market has been segmented as below.
Global Cosmetic Skin Care Market, by Product
Global Cosmetic Skin Care Market, by Application
Global Cosmetic Skin Care Market, by Gender
Global Cosmetic Skin Care Market, by Distribution Channel
Global Cosmetic Skin Care Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America
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Cosmetic Skin Care Market - Overview
The cosmetic skin care market report provides the market size and forecast (revenue and volume) for the global market and its segments for the period from 2016 to 2027 along with the growth rate (CAGR) from 2019 to 2027, considering 2017 as base year. Actual data is for April - December 2018 and estimated for January - March 2019. The report covers all the major driving factors and key trending topics impacting the expansion of the cosmetic skin care market during the forecast period. It also highlights the restraints and opportunities expected to influence the market during the aforesaid period. The study provides a comprehensive outlook on the expansion of the cosmetic skin care market during the forecast period in terms of revenue (in US$ Bn) and volume (Million units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The report covers the entire overview of the market including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. The relationship between diverse industries is explained under the ecosystem analysis. Furthermore, the several internal and external factors affecting the cosmetic skin care market are studied through the industry SWOT analysis. The competitive position of the cosmetic skin care market is studied through the Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.
The cosmetic skin care market has been provided in (US$ Bn) in terms of revenue and (Million Units) in terms of volume, as well as the CAGR (%) for the forecast period 2019 to 2027. The cosmetic skin care market is a global report studied on the basis of product, application, gender, and distribution channel. Additionally, under the regional sections, the price trend has been incorporated to ascertain the regional impact of the same. The incremental opportunity analysis has been figured out in order to determine the most attractive segment in the coming years.
The report also highlights the competitive landscape of the cosmetic skin care market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive cosmetic skin care market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the growth of the cosmetic skin care market. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution to the cosmetic skin care market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section.
Key players profiled in the global cosmetic skin care market are Beiersdorf AG.srl, Coty Inc, Estée Lauder Inc, Galderma Laboratories L.P, Johnson & Johnson Consumer Inc, L’ORÉAL PARIS, Procter & Gamble, Revlon, Shiseido Company, and Unilever.
The cosmetic skin care market has been segmented as below