The report “Global Skincare” gives a detailed analysis of the vital resources for top-line
data and covers the Global skincare market including market size and
segmentation data, textual and graphical analysis of market growth trends,
leading companies and macroeconomic information. The industry profile also
contains explanations of the key players which comprises of the leading financial
metrics along with analysis of competitive pressures within the market.
The beauty and
personal care products which are usually used for various skin related
concerns, treatments, and skin beautification, are known as skincare products. The skincare
market basically comprises of the retail sales of facial care, body care, hand
care, depilatories, and make-up remover products.
The
global market is majorly divided into three segments based on geography:
Americas, APAC and EMEA. The global beauty and personal care market segments consist of skincare products, hair care products, color cosmetics, fragrances, oral hygiene products, and depilatory products. The global skincare products market is noticeably bifurcated and competitive with the presence of a number of players providing an extensive range of skincare products. The major players in the global skincare market include: Beiersdorf, EstéeLauder, L'ORÉAL, Procter&Gamble(P&G), and Unilever. Other noteworthy vendors in the market include: AmorePacific, Amway, Aveda, BABOR, Bioderma Laboratory, Clarins, DS Healthcare Group, Lotus Herbals, Mary Kay, Missha, Nature Republic, NeoStrata, Oriflame, Rachel K Cosmetics, Revlon, Skin Food, Skinvisible, Shiseido, and Thalgo.
Americas, APAC and EMEA. The global beauty and personal care market segments consist of skincare products, hair care products, color cosmetics, fragrances, oral hygiene products, and depilatory products. The global skincare products market is noticeably bifurcated and competitive with the presence of a number of players providing an extensive range of skincare products. The major players in the global skincare market include: Beiersdorf, EstéeLauder, L'ORÉAL, Procter&Gamble(P&G), and Unilever. Other noteworthy vendors in the market include: AmorePacific, Amway, Aveda, BABOR, Bioderma Laboratory, Clarins, DS Healthcare Group, Lotus Herbals, Mary Kay, Missha, Nature Republic, NeoStrata, Oriflame, Rachel K Cosmetics, Revlon, Skin Food, Skinvisible, Shiseido, and Thalgo.
The global skincare market has
managed to register higher revenues as the years have passed and total revenue
of about USD 107.8bn was generated in 2016, with a decent CAGR of 5.1%. Market
consumption volume at the same time posted a CAGR of 4.3%. A horde of factors,
including demand for premium products with organic benefits, increasing
disposable income, and the “look good
factor”, have been noticed as contributing to overall development of the global
market.
The face creams account for nearly 70% of the overall market
share and is further anticipated to maintain its dominance in the years to
proceed. Face creams which
mainly comprise of skin brightening, anti-aging, and sun
protection products (used for enriching the skin quality, rejuvenating the
cells, preventing wrinkles, and brightening the skin) are experiencing an ever
growing demand with the developing number of consumers who have commenced
taking their beauty maintenance as a priority.
The skin care industry has showcased
a transition in demand from older consumers to a growing younger consumer base
and the people have started using skin care at an increasingly young age with
an urge to delay their signs of aging, while the number of older consumers has
relatively started dwindling. However, skin care companies are planning to adopt
some marketing strategies which will help in improving the current situation
and maintaining balance, holding on to their older consumer base.
Also, consumers
have been observed as opting for products that do not involve synthetically
derived chemicals, which has fueled the vendors to come up with more variety of beauty care products
that contain ingredients derived from natural and organic sources. As a result,
manufacturers have started introducing natural skin care products that are formulated using
unique ingredients in order to attract the consumers and keep them interested.
These products are usually high-priced and cater to the needs of specific
strata of the society. For example, Rodial has recently launched the Bee Venom
& Placenta 24 Carat Ultimate Crème that moisturizes and counteracts aging
with its nano-peptides bound in 24 carat gold. It includes all those protein
extracts from sheep placenta and bee venom to stimulate elastin and collagen
production in the skin, and lessen the wrinkles. Similarly, Bioactive
Skincare's Organic Snail Gel is developed using snail mucus for treating skin
inflammation. This demand for these natural products is anticipated to evolve
with the passage of time as people are becoming more aware of the side effects
of such chemicals and they simply cannot afford to compromise with their skin.
Consequently, this market on a whole has been
highly competitive, wherein a lot of vendors compete on daily basis due to
factors like- product differentiation, quality, and pricing. Vendors around the
globe have been noticed as extending their businesses to emerging markets such
as Central and South America and APAC which will ameliorate the overall
situation of the skincare industry globally and cumulatively, the industry will
proliferate. Moreover, the market is expected to experience a giant rise in the
strategic partnerships and mergers and acquisitions in the coming years.
Therefore, APAC is forecasted to be the largest revenue contributing region in
the market and is expected to account for more than 42% of the overall market
share. Much of this region’ growth may also be associated with the high demand
for skin whitening creams,
particularly in countries like India, China, and Japan.
By
2024, the global skin care market is evaluated to be somewhere around 180
billion USD due to the support from increasing
disposable incomes and changing consumer lifestyles which will aid in
propelling the skincare market. As far as short term is concerned, it is
predicted that the global skin care products market
will grow at a decent CAGR of around 5% by 2020 majorly because of the demand
for skin lightening products being specifically high in APAC, Africa, and the
Middle East.
Emerging demands
for natural and organic ingredients in skin care products market will
undoubtedly augment the application of these beauty products in the
coming years and it is foreseen that organic skincare products segment will rise
at a CAGR of 10% from 2016 to 2025. Moreover, with
the onset of availability of beauty care products online due to growing number
of working women worldwide, the global skincare industry is all set to witness
a proliferating growth in the coming years.
Key
Topics Covered In the Report:
Global Personal
Care Products Market Demand
Asia-Pacific
Beauty and Personal Care Market Research Report
Global Beauty
Products Market Research Report
Global Skincare
Products Production Volume
Global Beauty
Products Import Value
Global Beauty
Products Export Value
Global Beauty and
Personal Care Market Revenue
Global Cosmetics
Industry Future Outlook
Global Online
Beauty and Personal Care Industry Analysis
Global Hair Care
Market Trends
Global Natural
Personal Care Products Market Revenue
UK Face Cream
Market Demand
Global Herbal
Beauty Care Industry Trends
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