Skin Care Products Market is estimated to be US$ 198.038 billion by 2030 with a CAGR of 4.50% during the forecast period

June 24, 2022

Global Skin Care Products Market accounted for US$ 128.34 billion in 2020 and is estimated to be US$ 198.038 billion by 2030 and is anticipated to register a CAGR of 4.50%. In recent years, the worldwide skincare market has surged ahead of the global cosmetics market, comprising categories such as face and body care, cleansers, and sun protection. Virtual advisors are being used by more skincare brands and stores, including Sephora, Kiehl’s, Vichy, and Bobbi Brown, to chat directly to customers in real time, uncover their wants and problems, offer products, and help them through the sales process. This is similar to the type of consultation that customers receive in stores, but it is significantly different in that it is now available online, leading to market growth over the forecast period.

The report ” Global Skin Care Products Market By Product Type (Face Cream (Skin Brightening Cream, Anti-Ageing Cream, and Sun Protection Cream), By Body lotion (Mass body Care Lotion and Premium Body Care Lotion), and By Region (North America, Europe, Latin America, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast till 2029’’
Key Highlights:

Planet KIND, a new shaving and skincare brand from Gillette, was released in 2021. Planet KIND packaging is manufactured from 85 percent recycled paper, 85 percent recycled plastic, or infinitely recyclable aluminium, all of which are recyclable. Planet KIND’s product line includes moisturisers, face washes, and other items.
Beiersdorf will launch Personalized Face Care New Brand in 2021. O.W.N. Only What’s Necessary” – O.W.N only employs components that have been precisely developed to meet the demands of each individual’s skin.
L’Oréal SA bought Thayers Natural Remedies, a natural skincare brand located in the United States, from Henry Thayer Company in 2020. L’Oréal’s consumer products business is expected to absorb the brand.
Analyst View:

Manufacturers have been encouraged to create new goods as investments in product research and development have increased, as has the growing trend of natural ingredient-based skin care products. For example, Hale Cosmeceuticals, a well-known skin care manufacturer in the United States, debuted two natural ingredient products for the US market in June 2021: Natural AZA Cleanser and Date Palm Deep Moisturizer. Face creams and moisturisers are becoming increasingly popular around the world as individuals become more sensitive of their physical appearance and concerned about skin problems and malignancies. Furthermore, as more people choose cruelty-free skin care products as a result of their growing concern for animal welfare and the environment, the demand for vegan or plant-based ingredient blends in skin care products has grown.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Skin Care Products Market By Product Type (Face Cream (Skin Brightening Cream, Anti-Ageing Cream, and Sun Protection Cream), By Body lotion (Mass body Care Lotion and Premium Body Care Lotion), and By Region (North America, Europe, Latin America, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast till 2029”
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Skin-Care-Products-Market-143

Key Market Insights from the report:

Global Skin Care Products Market accounted for US$ 128.34 billion in 2020 and is estimated to be US$ 198.038 billion by 2030 and is anticipated to register a CAGR of 4.50%. The global skin care products market is segmented product type, body lotion, and region.

Based on Product Type, Global Skin Care Products Market is segmented into Face Cream (Skin Brightening Cream, Anti-Ageing Cream, and Sun Protection Cream), By Body lotion (Mass body Care Lotion and Premium Body Care Lotion).
By Region, the Global Skin Care Products Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Skin Care Products Market:

The key operators of global skin care products are Johnson & Johnson, The Estee Lauder Companies Inc., Unilever PLC, Avon Products Inc., L’Oréal S.A., Kao Corporation, Colgate-Palmolive Company, Shiseido Company, Beiersdorf AG, Procter & Gamble. Further, increased usage of unique ingredients, and UV absorbers & multifunctional skin care products by manufacturers are expected to foster the skin care products market over forecast period.

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The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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