Global Cosmetic Skin Care Market Report 2023: Market Segments, Size,Trend and Market Projections for Upcoming Years

The report defines global cosmetic skin care market as Cosmetic intended to be used into the skin care applications. The global cosmetic skin care market size was totalled 130.7 Billion in 2016. Skincare market becomes an important part of cosmetic and personal care industry. The cosmetic products are used in Skin care to enrich the skincare efficacy. Cosmetic skin care products include creams, lotions, ointments, sunscreen and other products that enrich with the numerous active ingredients such as vitamins, phytochemicals, antioxidants, essential oils and other chemicals. The skincare cosmetics are designed to enhance skin health and to repair the skin damage.

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The growing popularity of cosmetic skin care products owing to its beneficial effect on skin health and the beautification is driving the growth of cosmetic skincare market. The cosmetic products used in skin care applications are manufactured with advanced research, technologies and formulas. They contain ingredients that improve, repair and protect the skin. Furthermore, the factors such as rising disposable income, growing ageing populations and rapidly increasing health conscious among the consumers are majorly contributing to the growth of cosmetic skin care market. In addition, rising use of natural active ingredients based cosmetics is projected to create several growth opportunities in this market in the upcoming year.     

Market Segmented by Products

On the basis of Anti Products, the global cosmetic skin care market is segmented as anti-aging cosmetic products, skin whitening cosmetic products, sensitive skin care products, anti-acne products, dry skin care products, warts removal products, infant’s skin care products, anti-scars solution products, mole removal products, and multi-utility products.

Anti-ageing cosmetics are the most sought in the skin care range. They are specially used to treat visible signs of ageing including hyperpigmentation, reduced skin elasticity, wrinkles, and increase in dullness, and lines. These effects are caused by the breakdown of cellular and extracellular components in the skin. The intervention acids, peptides, and other natural ingredients in anti-ageing cosmetic products can strengthen the natural lipid barrier function of the skin.  The growing adoption of cosmetics to overcome the effect caused by the ageing is driving the growth of anti-aging cosmetic products in the cosmetic skin care market.

Skin whitening is among the most popular cosmetic procedure in skin care. They are also known as bleaching creams, skin brighteners, and whiteners or fading creams. They reduced the pigment called melanin in the skin and improves the skin lightening. These skin whitening products are also helpful to treat skin problems including freckles, age spots, acne scars, or discolouration related to hormones. Growing people concern for their looks is driving the growth of skin whitening cosmetic products segment in the cosmetic skin care products market.

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Market Segmented by Applications

Report highlighted by applications of cosmetic skin care market into stem cells protection against UV, flakiness reduction, rehydrate the skin surface, minimize wrinkles and increase the viscosity of aqueous. Among these applications stem cells protection against UV, applications hold the significant market share in the cosmetic skin care market. Skin care cosmetics uses ingredients that preserve skin cells and revitalize skin appearance. These products increase the permanence of skin cells by protecting from UV radiation and environmental stress. The global cosmetic skin care market anticipated having numerous growth prospects owing to growing research and development investment in order to develop more effective skin care products.

Regional Analysis

The report offers regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Asia Pacific holds the maximum market share followed by Europe and North America region. China and India are key markets in this region, and collectively drives Asia pacific cosmetic skin care market. The key factor such as rapidly changing consumer lifestyle, growing disposable income and growing popularity of various cosmetic products are driving the growth of skin care cosmetic products in this region.

Comparative landscape

The key company in the report include L’Oreal S.A., Unilever PLC, Procter & Gamble, Beiersdorf AG, Avon Products Inc., The Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, and The Body Shop International PLC.

The competitive landscape includes industry consolidation, price pressure and competition for the innovation of new products. These competitive conditions are likely to persist. The market for skin care cosmetic is highly fragmented. Numerous and equally balanced players are producing and selling a high quantity of skin care cosmetics. These companies are manufactures and sales their products under several brands.

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