Meticulous Research®—a top-tier market research organization—has published a new study 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 latest analysis, the skin care products market is set to grow to $199.42 billion by 2030, with a CAGR of 5.2% from 2024 to 2030. This growth is driven by increased demand for anti-aging products, a surge in organic skin care preferences, greater focus on personal grooming, improved consumer understanding of beauty and personal care, and higher spending on personal care.
Key Players
The leading companies 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 (PG) (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 other items), composition (chemical vs. natural), packaging (tube, jar, bottle, and other forms), distribution (supermarkets, specialty stores, e-commerce, pharmacies, and others), price category (mass and premium), and geographical areas. The report also evaluates market competitors and regional dynamics.
Segmentation Analysis
In 2024, the facial care segment is projected to hold the largest market share. Facial care is essential for cleansing, moisturizing, and maintaining the delicate skin on the face, which is more prone to damage than other body parts.
Among products, creams are expected to lead the market in 2024. They offer significant benefits such as hydration, elasticity maintenance, skin repair, and pollution protection. Many creams use natural ingredients, making them popular among health-conscious consumers.
Chemical-based skin care products are expected to dominate the market in 2024 due to their widespread availability, affordability, and longer shelf life. However, the growing preference for natural ingredients may impact this segment’s market share.
Tube packaging is forecasted to be the most preferred in 2024 due to its convenience, cost-effectiveness, and environmental benefits. Tubes provide easy dispensing, protection from contamination, and are often recyclable.
Supermarkets are expected to be the leading distribution channel in 2024. They offer a wide selection of skin care products, allowing consumers to inspect items before purchase and benefit from promotional offers.
Mass skin care products are projected to have the largest market share in 2024. These products are produced in large quantities, making them widely available and affordable for a broad consumer base.
The female segment is anticipated to be the largest market contributor in 2024. Women’s increasing focus on natural and organic skin care products, combined with higher disposable incomes, drives their significant market presence.
Regional Analysis
The report covers key 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, with Europe and Asia-Pacific following, driven by high adoption rates of advanced skin care solutions and substantial disposable incomes.
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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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