Meticulous Research®—a top market research firm—has published a detailed 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), Distribution Channel (Supermarket, Retail, Online) – Global Forecast to 2030.”
According to Meticulous Research®’s recent analysis, the skin care products market is projected to hit $199.42 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. The growth is attributed to factors such as the rising demand for anti-aging solutions, the shift towards organic skin care, increasing personal grooming standards, greater consumer knowledge about beauty and personal care, and higher spending on personal care products.
Key Players
Key players in the skin care products market 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 (P&G) (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 segmented by type (facial, lip, body care), product (creams, lotions, powders, moisturizers, cleansers, toners, exfoliators, and others), composition (chemical vs. natural), packaging (tube, jar, bottle, and others), distribution channel (supermarkets, specialty stores, online, pharmacies, and more), price category (mass and premium), and geography. The report also offers an analysis of competitors and regional markets.
Segment Insights
The facial care segment is expected to be the largest in 2024. Facial care routines are vital for maintaining skin health and appearance due to the delicate nature of facial skin.
In the product category, creams are forecasted to lead in 2024. They are essential for skin hydration, elasticity, repair, and protection against environmental damage, with many products using natural ingredients.
Chemical composition-based products are projected to dominate in 2024 due to their wide availability, cost-effectiveness, and stability. Nonetheless, the growing preference for natural compositions may influence this segment’s future share.
Tube packaging is expected to be the most favored in 2024. Tubes provide ease of use, cost-effectiveness, and environmental benefits, including recyclability and contamination protection.
Supermarkets are anticipated to be the leading distribution channel in 2024. They offer a wide variety of skin care products and allow consumers to check products physically before purchase, alongside providing special offers.
Mass skin care products are projected to hold the largest market share in 2024. These products are produced in bulk, making them affordable and widely available, appealing to a broad consumer base.
The female segment is forecasted to be the largest market contributor in 2024. Women’s increasing focus on natural and organic skin care products and higher disposable incomes drive their significant market share.
Regional Analysis
The report analyzes major regions including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, Sweden, Switzerland, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. North America is expected to lead the market in 2024, followed by Europe and Asia-Pacific, due to high adoption rates and strong economic conditions in these regions.
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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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