The skincare market is projected to reach $199.42 billion by 2030.
Meticulous Research®, a prominent market research firm, recently released a 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), and Distribution Channel (Supermarket, Retail, Online) – Global Forecast to 2030."
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The latest report from Meticulous Research® predicts that the global skin care products market will grow to $199.42 billion by 2030, exhibiting a CAGR of 5.2% during the period from 2024 to 2030. This growth is primarily fueled by increasing consumer interest in anti-aging products, the rising popularity of organic skin care items, a heightened focus on personal grooming, improved consumer knowledge about beauty and skincare, and growing spending in the personal care sector.
Key Players
Prominent companies covered in this report 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 market is categorized by type (facial care, lip care, and body care), product (creams, lotions, powders, moisturizers, cleansers, toners, exfoliators, and other skin care items), composition (chemical and natural), packaging (tube, jar, bottle, others), distribution channels (supermarkets, specialty stores, e-commerce, pharmacies, others), and price category (mass and premium). The report also includes an analysis of competitors and evaluates regional and country-level markets.
In 2024, the facial care segment is projected to hold the largest share. Maintaining the health and hydration of facial skin, which has smaller cells than other body parts, drives demand in this category.
In the product category, creams are expected to dominate. Creams enhance skin hydration and elasticity, improve circulation, and protect against environmental damage. Many products now contain natural ingredients, making them safer than chemical-based alternatives.
Within composition, the chemical-based segment will likely lead the market in 2024 due to product affordability, longer shelf life, and better stability. However, natural compositions are expected to gain ground over time.
In packaging, tube packaging will be the leading segment, offering benefits such as easy dispensing, cost-effectiveness, and reusability, which also supports eco-friendliness.
Supermarkets will remain the dominant distribution channel due to their broad selection of products, in-store promotions, and the ability for consumers to inspect products directly before purchasing.
In the price category, mass-market skin care products will take the largest share, owing to affordability and wide availability through various retail and online platforms.
Among user groups, the female segment will maintain its dominant position, driven by growing preferences for organic and natural ingredients, coupled with higher disposable income and greater spending on skincare.
Geographic Overview
The report provides a detailed analysis across key regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to capture the largest share of the market by 2024, thanks to increasing demand for advanced skin care products and higher levels of disposable income.
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?
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