Global Skin Care Market worth US$ 52.4 Billion 2018 with a CAGR of 4.20%

The report "Global Skin Care Market, By Type (Facial care, and Body care)By Product (Face Cream (Moisturizers, Eye cream, Anti-Aging), Body Lotion, Toner (Alcohol Based, Glycerin, Water Based), Cleansing Lotions, Facial Mask, Shaving Cream, Exfoliators, Serum, Sun Care Products, Deodorants, Scrub, and Others), By Distribution Channel (Beauty Salons, Multi Branded Retail Stores, Online Channels, Supermarkets/Hypermarkets, Exclusive Retail Stores, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030" Global skin care market accounted for US$ 52.4 billion in with a CAGR of 4.20%. Growing awareness about one's looks and skin quality, coupled with the rising spending power of people worldwide, are factors at the forefront of driving demand in the global skincare market. Aggressive marketing strategies of existing players along with massive investment in research and development to create innovative products have also led to significant increase in sales.

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Key Highlights:

On January 9, 2020, L'Oreal unveils Perso, the world's first AI powered device for skincare and cosmetics.
On January 8, 2020, Beiersdorf and Insilico Medicine, an artificial intelligence company developing end to end drug discovery pipelines, announced that they are entering a collaboration to jointly discover novel, safe bioactive ingredients for a specific skin indication at an unparalleled pace that will serve as the basis for developing appropriate skincare products.
Key Market Insights from the report:

The global skin care market accounted for US$ 52.4 billion in 2019 and is projected to register a moderate CAGR of 4.20% over the forecast period. The market report has been segmented on the basis of type, product, distribution channel, and region.

By type, face care products hold a major advantage in market share over body care products.
By product, the face cream segment leads with a staggering share in the market. The rising number of working women around the world and the easy availability of such products online these days has brought about exponential growth in the segment so far.
By distribution channel, the retail store and online channels has opportunity to anticipate with a high CAGR during the forecast period due to advancements in awareness and digital advertisement.
By region, Asia-Pacific is projected to lead the global Skin Care market and is expected to remain dominant during the forecast period, due to increasing awareness about organic products and the rising fortunes of the middle-class populace, has facilitated a massive upswing in the skincare products market in the region so far.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Skin Care Market," By Type (Facial care, and Body care)By Product (Face Cream (Moisturizers, Eye cream, Anti-Aging), Body Lotion, Toner (Alcohol Based, Glycerin, Water Based), Cleansing Lotions, Facial Mask, Shaving Cream, Exfoliators, Serum, Sun Care Products, Deodorants, Scrub, and Others), By Distribution Channel (Beauty Salons, Multi Branded Retail Stores, Online Channels, Supermarkets/Hypermarkets, Exclusive Retail Stores, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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Links: https://prophecymarketinsights.com/market_insight/Global-Skin-Care-Market-By-4032

The prominent player operating in the global Skin Care market includes Avon Products, Inc., Shiseido Company, Ltd., L'Oreal S.A., Unilever, Beiersdorf AG, Johnson and Johnson, Revlon, Inc., The Estee Lauder Companies, Inc., Procter & Gamble Company, and Colgate-Palmolive Company.

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