Press release
US Skincare Market To Witness the Highest Growth Globally in Coming Years 2020-2024
Company Coverage:
Estee Lauder Companies Inc., Johnson & Johnson, LOreal SA, The Procter & Gamble Co.
Skin is the largest organ of the body. An individuals skin helps in regulating the body temperature. Skin also acts as a protective barrier and can be easily damaged by the outside elements. It is affected by many factors, such as exposure to UV (Ultra-violet) radiation, exposure to sun, aging, etc. Because of these reasons, a good care of skin is very essential. Skincare refers to the term involving all the things people do to keep their skin clean, healthy-looking, and attractive. Skincare also involves the practices that enhance the appearance of an individual by cleaning of dirt particles and dead cells, and support skin integrity. Skincare also makes the skin well-hydrated, without excessive moisture or dryness.
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On the basis of product type, skincare industry can be broadly categorized into five types: facial care (face cream, skin-whitening products, anti-aging products, anti-acne products, sunscreen lotions & others), body care (body lotion, mass body care lotion & premium body care lotion), make-up remover, hand care and depilatories.
On the basis of distribution channel, the skincare industry include health and beauty stores, hypermarkets and supermarkets, parapharmacies/drugstores, department stores and others.
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The US Skincare market has increased at a significant CAGR during the years 2014-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The US Skincare market is expected to increase due to growing millennial population and retail spending, rising per capita disposable income, aging population, increasing female population etc. Yet the market faces some challenges such as products involving harmful chemicals and counterfeit skincare products.
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/04282009393/the-us-skincare-market-size-trends-forecasts-2019-2023?source=XH&mode=46
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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