Skin Care Products Market is Expected to Grow with a CAGR 4.2% from 2022 to 2028

Skin Care Products
  • Skin Care Products Market

As stated in our extensive report; providing insights Key Drivers, Key Restraints, Segments (i.e.,Gender, Product, Distribution Channel and Region); the Global Skin Care Products Market accounted for USD 129.4 Billion in the year 2021.

“Key Factors Likely to Drive Growth of Skin Care Products Market”

Skin care products are those products which protect skin from various skin disease or problems and maintain the appearance of human skin, along with that also relieve skin problems. There are various types of skin care products available in the market like toners, gels, cleansers, body lotions, serums, creams and many more. In this skin care products many key ingredients like alpha-hydroxy, beta-hydroxy acids and retinol, etc. are available. These skin care products are used to lighten hyperpigmentation, such as age spots and dark spots related to pregnancy or hormone therapy. Some over-the-counter skin care products contain hydroquinone. Today, across the globe many consumers used these skin care products and protect their skin from wrinkles, fine lines, age spots etc. According to the different tones and type of skins, many skin care products are launch. Increasing demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market growth as per the forecast done by experts.

In the mid-term, increasing awareness about the benefits of using personal care products has led to an increase in their demand over the past few years. This has also increased the demand for organic products and organic skincare, making it a major sector in the cosmetics and healthcare industry. In addition, increased awareness of the harmful effects of chemical and synthetic products is another factor contributing to market growth. Many consumers tend to use and buy products with a natural or organic labelling, which drives the market growth. On the other hand, the chemical which are used while manufacturing these skin care products are the major challenges to this market.

Asia Pacificheld largest shares in 2021. This is owing to thegrowing population and rapid urbanization, along with the increase in per capita spending on personal care products in highly developing economies such as China, South Korea, India, and Indonesia, are contributing towards the growth of the skincare market in this region. In the market, skin lightening creams are very attractive, because the line also has products for men. Anti-aging creams and sunscreens have strong growth potential in developing countries due to the growing aging population compared to developed countries. This segment is expected to grow fast in emerging countries.

Some of the key players in the GlobalSkin Care Products Marketinclude-L’Oréal S.A., Beiersdorf AG, Shiseido Co. Ltd., Procter & Gamble (P&G), Unilever, Johnson & Johnson Services Inc., Avon Products Inc., Coty Inc., Colgate-Palmolive Company, Revlon and others.