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Skin Care Products Market Research Report: Trends and Growth Outlook

Skin Care Products Market Research Report: Trends and Growth Outlook

Skin Care Products Market Size, Share & Trends Analysis Report by Gender (Female, Male), By Product (Face Creams & Moisturizers, Cleansers & Face Wash), By Distribution Channel, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Skin Care Products Market Overview

The global skin care products market size was valued at USD 129.23 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028.

Skincare products are a range of products that support skin integrity, enhancing appearance, and relieve skin conditions. These are applied to the skin to avoid symptoms of early aging, pimples, and black patches.

Escalating demand for face creams, sunscreens, and body lotions across the globe are some of the factors that have supported long-term expansion for Skin Care Products Market.

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The COVID-19 pandemic influenced consumers’ spending habits and purchase decisions, leading to a slight decline in the market growth by 1.12% in 2020, owing to various governments imposing multiple measures intended to slow down the spread of COVID-19.

Skin Care Products Market Regional Analysis

Asia Pacific held the largest share of over 35.0% in 2020 and is expected to witness the fastest growth over the forecast period. The expansion of the chemical industry in India and China, both of which are backed by regulatory support, is expected to ensure continuous raw material access to skin care product manufacturers. This is expected to be a positive factor for the market growth in Asia Pacific over the forecast period.

Skin Care Products Market Competitive Landscape

Key Players

  • L’Oreal 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

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Skin Care Products Market Recent Developments

  • In 2021, Beiersdorf launched Personalized Face Care New Brand O.W.N. Only What’s Needed – O.W.N only uses ingredients specially formulated for individualized skincare needs.
  • In 2020, L’Oréal SA acquired Thayers Natural Remedies, a US-based natural skincare brand from Henry Thayer Company. The brand is expected to be integrated into L’Oréal’s consumer products division.

Reasons to Acquire in the Skin Care Products Market

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Skin Care Products Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Frequently Asked Questions

What are the years considered to study this market intelligence report?

What is the compound annual growth rate (CAGR) of the Skin Care Products Market?

Which region holds the largest market share in Skin Care Products Market?

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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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