Press release
Skin Care Market By Size, Supplier, Demand Analysis, Type, Statistics, Regions and Forecast – 2030
Prophecy Market Insights
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Driver:
Increasing awareness regarding the varied benefits of using care products has resulted during a rise in their demand over the previous couple of years which drives the market. Further, which boosted the demand for natural and organic skincare products, making it a serious sector within the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals. Increasing awareness regarding the adverse effects of synthetic counterparts has contributed to a rise within the demand for these products.
Restrains:
Although the high prices of skin product market might hampers the market.
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.
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Key Market Insights from the report:
The global skin care market accounted for US$ 221.99 billion in 2030 and is projected to register a moderate CAGR of 4.3% 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.
Competitive Landscape & their strategies:
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. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.
Related Reports:
Global Skin Care Products Market
https://www.prophecymarketinsights.com/market_insight/Global-Skin-Care-Products-Market-143
Global Vegan Cosmetics Market
https://www.prophecymarketinsights.com/market_insight/Global-Vegan-Cosmetics-Market-by-198
About Report:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Explore Extensive Coverage of Prophecy Market Insights Healthcare Industry:
Key questions answered in the report:
• What will the market growth rate of Skin Care Market in 2026?
• What are the key factors driving the global Skin Care Market?
• Who are the key manufacturers in Skin Care Market space?
• What are the market opportunities, market risk and market overview of the Global Skin Care market?
• What are sales, revenue, and price analysis of top manufacturers of Skin Care Global market?
• What are sales, revenue, and price analysis by types and applications of Skin Care Market?
• What are sales, revenue, and price analysis by regions of Skin Care market?
To know more
Contact Us:
Sales
Prophecy Market Insights
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Email- sales@prophecymarketinsights.com
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
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