Global Skin Care Market By Overview
Introduction:
Skin Care Market was valued at US$ 161.5 Billion in 2024 and is projected to grow at a CAGR of 12.60% to reach US$ 475.4 Billion by 2034.
Skincare products enhance the appearance of the skin and prevents various injuries. Skincare is a procedure to support skin integrity. These products will keep skin hydrated and allows the skin to be soft. The product is to be selected appropriately to the skin type as they may cause allergic reactions if it did not suit for the condition of skin. Skincare products are also used in treatment procedures as medications for many skin diseases. Daily use of these products will clean the dirt and dead cells, also unclog pores which are intended for acne. The main aim of the skincare products is to remove oil and protect the skin to not lose moisture.
Global Skin Care Market By Dynamics
Growing awareness about one’s look and skin quality
Growing awareness about one’s looks and skin quality, coupled with the rising spending power of people worldwide, are factors at the forefront of driving demand in the global skincare market. Aggressive marketing strategies of existing players along with massive investment in research and development to create innovative products have also led to significant increase in sales. Besides, the omnipresent polluted environment, global warming, and the busy lifestyle, affecting the quality of skin, has also been bolstering swift uptake of products that help to protect the skin and thwart damages to it. A recent noticeable trend in the global skincare market is the increasing use of online platforms to reach out to a wider consumer base. Savvy companies and distributers are fast shifting to ecommerce to boost sales.
Soaring popularity of organic skin products
Yet another major trend observed in the global skincare market is the soaring popularity of organic skin products sans synthetically derived chemicals. Manufacturers are unveiling new beauty care products formulated from natural or organic ingredients every now and then to capture the attention of consumers. Such products, though expensive, are witnessing significant sales worldwide on account of the growing awareness of the possible side effects of chemical based skin care products.
Ban on animal testing
Restraining the growth in the market is the ban on animal testing. This has negatively impacted business, especially of small and mid-sized manufacturers. Also, hindering the market is the sale of pseudo products at reduced prices.
Global Skin Care Market By Segmentation
The skin care market is segmented based on type, product, distribution channel, and region.
Based on the type, the target market is segmented into facial care, and body care. Face care products hold a major advantage in market share over body care products. Based on product, the global market is classified into face cream which is further fragmented into moisturizers, eye cream, anti-aging, other product segment are body lotion, toner which has its sub types alcohol based, glycerin, water based, further the product segment is classified into cleansing lotions, facial mask, shaving cream, exfoliators, serum, sun care products, deodorants, scrub, and others. The face cream segment leads with a staggering share in the market. The rising number of working women around the world and the easy availability of such products online these days has brought about exponential growth in the segment so far. Based on distribution channel, the target market is bifurcated into beauty salons, multi branded retail stores, online channels, supermarkets/hypermarkets, exclusive retail stores, and others. The retail store and online channels has opportunity to anticipate with a high CAGR during the forecast period due to advancements in awareness and digital advertisement.
Regional Insigh:
For detailed understanding of market dynamics, Based on the region the global skin care market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global skin care market due to growing demand for advanced medical technologies for the skin care products and increasing geriatric population demand for the personal skin care products. Asia Pacific skin care market is projected to register a high CAGR over the forecast period owing to the growing trend of increasing awareness about organic products and the rising fortunes of the middle-class populace, has facilitated a massive upswing in the skincare products market in the region so far.
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024– 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
By Type- Facial Care and Body Care By Product- Face Cream (Moisturizers, Eye cream, Anti-Aging), Body Lotion, Toner (Alcohol Based, Glycerin, Water Based), Cleansing Lotions, Facial Mask, Shaving Cream, Exfoliators, Serum, Sun Care Products, Deodorants, Scrub, and Others By Distribution Channel- Beauty Salons, Multi Branded Retail Stores, Online Channels, Supermarkets/Hypermarkets, Exclusive Retail Stores, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Skin Care Market, By Type:
- Facial care
- Body care
Skin Care Market, By Product:
- Face Cream
- Moisturizers
- Eye cream
- Anti-Aging
- Body Lotion
- Toner
- Alcohol Based
- Glycerin
- Water Based
- Cleansing Lotions
- Facial Mask
- Shaving Cream
- Exfoliators
- Serum
- Sun Care Products
- Deodorants
- Scrub
- Others
Skin Care Market, By Distribution Channel:
- Beauty Salons
- Multi Branded Retail Stores
- Online Channels
- Supermarkets/Hypermarkets
- Exclusive Retail Stores
- Others
Skin Care Market, By Region:
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- North America
- North America Skin Care Market, By Type
- North America Skin Care Market, By Product
- North America Skin Care Market, By Distribution Channel
- North America Skin Care Market, By Country
- The U.S.
- Canada
- Europe
- Europe Skin Care Market, By Type
- Europe Skin Care Market, By Product
- Europe Skin Care Market, By Distribution Channel
- Europe Skin Care Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Skin Care Market, By Type
- Asia Pacific Skin Care Market, By Product
- Asia Pacific Skin Care Market, By Distribution Channel
- Asia Pacific Skin Care Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Skin Care Market, By Type
- Latin America Skin Care Market, By Product
- Latin America Skin Care Market, By Distribution Channel
- Latin America Skin Care Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Skin Care Market, By Type
- Middle East & Africa Skin Care Market, By Product
- Middle East & Africa Skin Care Market, By Distribution Channel
- Middle East & Africa Skin Care Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Global Skin Care Market By Key Players
The key players operating the skin care market involves Avon Products, Inc., Shiseido Company, Ltd., Forbes L’Oreal S.A., Unilever, Beiersdorf AG, Johnson and Johnson, Revlon, Inc., The Estee Lauder Companies, Inc., Procter & Gamble Company, and Colgate-Palmolive Company. For Instance, On January 9, 2020, L’Oreal unveils Perso, the world’s first AI powered device for skincare and cosmetics. On January 8, 2020, Beiersdorf and Insilico Medicine, an artificial intelligence company developing end to end drug discovery pipelines, announced that they are entering a collaboration to jointly discover novel, safe bioactive ingredients for a specific skin indication at an unparalleled pace that will serve as the basis for developing appropriate skincare products.
Global Skin Care Market By Company Profile
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- Avon Products, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Shiseido Company, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- L’Oreal S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Unilever
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Beiersdorf AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Johnson and Johnson
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Revlon, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- The Estee Lauder Companies, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Procter & Gamble Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Colgate-Palmolive Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
- Avon Products, Inc.
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Global Skin Care Market By Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Skin Care Strategies
- Key Questions this Study will Answer
- Market Snippet, By Products
- Market Snippet, By Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Skin Care Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Facial Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Body Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Skin Care Market, By Products, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Face Cream
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Moisturizers
- Eye cream
- Anti-Aging
- Body Lotion
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Toner
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Alcohol Based
- Glycerine
- Water Based
- Cleansing Lotions
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Facial Mask
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Shaving Cream
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Exfoliators
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Serum
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Sun Care Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Deodorants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Scrub
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Skin Care Market, By Distribution Channel, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Beauty Salons
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Multi Branded Retail Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Online Channels
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Supermarkets/Hypermarkets
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Exclusive Retail Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Skin Care Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Products, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Products, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Products, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Products, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Products, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Avon Products, Inc.
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- Company Overview
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- Product Portfolio
- Key Highlights
- Financial Performance
- Business strategies
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- Shiseido Company, Ltd.
- L’Oreal S.A.
- Unilever
- Beiersdorf AG
- Johnson and Johnson
- Revlon, Inc.
- The Estee Lauder Companies, Inc.
- Procter & Gamble Company
- Colgate-Palmolive Company
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The skincare market is segmented based on type, product, distribution channel, and region.
Growing awareness about one’s looks and skin quality, coupled with the rising spending power of people worldwide, are factors at the forefront of driving demand in the skincare market
The market in North America accounts highest revenue share to the global skin care market due to growing demand for advanced medical technologies for the skin care products and increasing geriatric population demand for the personal skin care products
Manufacturers are focusing on licensing agreements, capacity expansions, and acquisitions for strengthening their market presence and expanding their product portfolios. On January 8, 2020, Beiersdorf and Insilico Medicine, an artificial intelligence company developing end to end drug discovery pipelines, announced that they are entering a collaboration to jointly discover novel, safe bioactive ingredients for a specific skin indication at an unparalleled pace that will serve as the basis for developing appropriate skincare products.